Is it possible to become rich by stock trading? Could you do it without losing your shirt?

in #trading2 years ago

A lot of people understandably have the impression that only rich and well-connected people can make money trading stocks. But I've got news for you. It's not true.

You may know someone or maybe you are that person who knows several people who claim they lost their shirts trying to trade stocks or day-trade futures.

When I started out 10 years ago, I lost several hundreds of dollars myself by trading stocks.

Newbies seem to lose even more often than experienced traders. Yet there is no denying that the stock market has been a remarkably good investment over time.

Most successful traders have one thing in common that they follow a system. To simplify things here are some key nuggets:

  • Never overtrade.

  • Always set a target and stop loss.

  • Trade only when your preconditions are met.

  • They understand market psychology.

Becoming rich by trading stocks depends on multiple factors like knowledge, experience, and understanding of the market, so yes it's definitely possible and with experience, it almost becomes guaranteed.

See how this guy has created $173,898.30 in wealth in less than eight weeks >>> bit(dot)ly/3PqYuF5 (copy and paste this URL in a new tab and replace (dot) with actual . )

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