Only got $1000??
So, if you're reading this right now, it's probably because either you only have $1000 or less in your trading account because you lost a ton, or you're just starting out. Now, the $1000 I'm using figuratively as it could be $200 or $2500 and it's all relative.
I've been there. We all have.
My bit of advice in this particular situation is to start TRADING. Forget about INVESTING. Investing is taking that $1000 and putting it into XXXX and "hoping" that it turns out to be a 3 bagga (lol).
TRADING is buying a stock with the intention of selling it to someone else for more. If you do this consistently, you will grow that little account of yours and will soon be diversifying the kind of plays you are in.
Find ONE STOCK that you are extremely comfortable with. One stock only. One stock that has the volatility to bring you 20-30% safe and quick gains at least 2 times a week.
In 3 weeks, you will have grown your account
Starting Balance $1000
Trade 1 20% $1200
Trade 2 20% $1440
Trade 3 20% $1728
Trade 4 20% $2073
Trade 5 20% $2488
Trade 6 20% $2985
After 3 weeks at just 20% per trade, you have $2985. That's the 3 bagger you were hoping for ;)
