#tradingtips
How to build small account
-short term swing trades. Try to get anywhere to 5-15 percent on the trade. Don’t go for the 100 percenter
-look for bottomed out charts that are near 52 week lows or possibly all time lows forming a upward trend. The risk to reward ratio
is in your favor
-take profits! The higher your trade goes up, move your stop loss up so you break even or make profit
Aim for around 1 percent of your portfolio a day. For an example if you have 5k aim for 50, 10k aim for 100, etc. It adds up Before you know it, you’ll be aiming for 1k-2k a day.
-cut losses fast before youre bag holding for months just to make 2 percent or break even on a trade
-do not over trade! Keep it to 1-2 trades per day and 1-2 swing at a time. Remember sometimes the best trade is no just
Just my opinion on this stuff
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all this information is based on my own opinion and what has helped me. Might not work for, just remember that. I’m going to talk about trading tips, Scalping Long, swinging long, scalping short, (I don’t like overnighting or swinging a short because I enjoy sleeping at night)
Trading tips
-people on Twitter can be very resourceful and helpful. Use them as scanners! Do not take their trades blindly! You will lose and it won’t end well long term.
-Go for singles and not the big home-runs. Compound gains will build your account.
Aim for .50-2 percent of your portfolio a day. I’m telling you, it’ll grow
-Find what style fits you, just because someone is a swing trader making 200 percent on a trade doesn’t mean it’s for you. You can scalp 20 trades for 10 percent each and it equals the same