Good advice for someone trying to grow their account over a long period of time.
I on the other hand do this more for a hobby than a steady income. I use charts to get a bite out of the middle. Two thousand shares for ten or fifteen cents can be a quick couple hundred dollars.
Only use money that I can afford to lose. Building wealth is not a priority for me as I already collect a pension and have enough to keep the wife and I happy for many years to come.