After I lost my job, my good friend suggested that I look at trading. At that time, I had zero knowledge of how stocks work. But slowly, I started reading up on stocks. And knowledge gives you confidence. After a couple of years of doing some trading, I had a reasonably good grasp of what I needed to do to be successful. Then, I lost my job for the second time. The layoff timing was right for me to take a plunge into full time trading as I had been thinking about it for awhile. So this is my story.
I don't aim for the next IBM or AAPL. I make small trades and am happy with every dollar gained. No profit is small
100$ a day will net you 25k in annual profits. 200$ a day gives 50k 300$ 75k etc
i.e every 100$ a day gives u 25k.
Try not to take unnecessarily big risks. Be disciplined. Respect the market. Be modest and disciplined. Else you will make money in a few years but may lose it overtime. Be consistent over the long term. Be thirsty for knowledge. But don't be too aggressive while trading. Know your limits. Don't lose your sleep over trades.
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