Tired of Being Broke? How To Trade With A Small Account

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I get a lot of questions about trading with a small account. Let’s get this straight: trading with a small account isn’t a bad thing. It doesn’t make you less of a trader. In fact, here’s how trading small can be a smart move.

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FULL DESCRIPTION

If you trade with a small account, be grateful. There are a lot of benefits to trading with one.

When you start trading, I think it’s key to start with the right mindset. Too many people focus on the wrong things in the beginning of their trading careers. What it’s really about is growing your knowledge account.

Study the past, the patterns, and the rules. Be prepared for when you start risking your hard-earned money.

What’s rule number one? Cut losses quickly. It doesn’t matter how small or big your account is. You have to protect what you have. The money that you make or lose in the beginning is negligible. Focus on LEARNING.

Penny stock trading is risky. You will lose sometimes. It comes down to being meticulous with strategy. You take one trade at a time, take careful aim, and trade like a sniper.

It's not really about the money that you make when you start trading with a small account. It's about your education and growing your knowledge account. Again, you will lose in the stock market, but sometimes losses can teach you the best lessons ... You learn what not to do.

Remember that you have two accounts: your monetary account and your knowledge account. You can always learn. You can still get better. You just have to stay focused.

So what do you need to do to really grow a small account? Amazing hot picks? Luck? Nope. You have to be meticulous and respect the process. It’s a marathon, not a sprint — especially when you’re trading with a small account.

How much do you think size matters when it comes to trading? Leave a comment and tell me the biggest lesson you’ve learned from a trading loss.

#TimothySykes #Pennystocks #Investing

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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*