How to grow a small account
The possibilities are endless in the world of finance. There are so many opportunities that it become inexcusable. When you understand the logic and rational behind compound interest; growing your money will no longer be arduous. In today’s world with interest rates so darn low you will not find CD rates for long-term (or short term) paying you over 2.25%. This is where it pays to have the knowledge and discipline to trade stocks and use a brokerage account as your savings vehicle.
I’ve seen it first hand in 2007, how someone turned a 12K account into the millions that it is today. No need to mention any names. Many people may think that it is impossible or fraudulent because all they see is the now. I’ve seen the actual progression, the struggle to build that account, the losses and the defeats. However I’ve also seen the process to fine tune the strategy and the determination to replicate a prior account and turn it into the success that it is today. I was right along side, trading the COIN or the FEED, or the SOLF, but I wasn’t a believer so early. I chose a different venture into real estate that took me away from trading full time in 2007/2008. Although real estate is lucrative. This person showed me that trading stocks is much more!
Basically you can take a small account, 1K, 2K, 3K, 7,K account and grow that account into a 4 figure, 5 figure and as proven a 6 figure account. How? Well lets start with a strategy. A strategy that will allow you to swing trade. You can take 1,000 with a simple goal to make $200 a month. That is 20% for the month! With discipline and an understanding that it will take time to build your account you will be more than likely to succeed. The percentage amount you can make is arbitrary, the amount you can loose is in your control. Do not get consumed with the money it will take but get comfortable with the process, hard work, and determination it takes. Many traders give up once they find out the road is not easy~ but just know it’s possible.
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