🔴 Ready to learn more? Check out the SteadyTrade Team: https://stockstotrade.info/2NoTo0t
🔴 Try StocksToTrade for $7: https://stockstotrade.info/2KGLQ8s
Contrary to popular belief, starting with a small account can be a great way to begin your trading journey. Too many traders try to do too much, too soon. But with a small account, you can potentially minimize the damage of unavoidable mistakes. Tim Bohen has smart tips on how you can start trading with a small account.
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade

👉Share this video with a fellow Trader: https://youtu.be/I1RX4mNjSTs
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/2KGLQ8s
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/3c2jwsl
🔴Traders Blueprint Free Guide: https://stockstotrade.info/2MfMIRX
🔴Check out the SteadyTrade Podcast: https://steadytrade.com

✅ Recommended video:
🔴 https://youtu.be/s0Pb5NUm36k
🔴 https://youtu.be/15eOGx6Bc7c
🔴 https://youtu.be/vRwlyW7QVmQ
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO

✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade

First things first ... If you have a small account, you’re under the pattern day trader (PDT) rule. You’re limited to three day trades in a rolling five day period. It sucks, but it can teach you to be selective.
Next, be sure to pick a good broker for your needs. Luckily, the majority of brokers now have a commission-free or low-commission model. But there are pros and cons with every option, so be sure to shop around.
Now, this can be tempting, but whatever you do, do NOT use your entire account on a single trade. Your goal as a newer trader should be to make good, consistent trades. If you have a mindset where you're maxing out your account, you can struggle more than your average newbie. Or risk blowing up fast.
As for risk management, you need to know about how to use stock market orders. Tune in to learn which orders you should avoid.
Not a morning person? Start adapting. Get up early and utilize the early hours to prepare. You gotta put in the time and effort … Wake up before the enemy to find your edge.
And this next point doesn’t get nearly enough attention ... Focus on the best times of the day. Tune in for specific time frames that are ideal for day trading and momentum trading.
Last, get obsessed! Study, study, study — and then study some more. You have to grind and want it more than the other person.

#StockMarket #Trading #Stocks
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

By Stock Chat

where the coffee is hot and so is the chat

24 thoughts on “7 tips to maximize your trading with a small account”
  1. Avataaar/Circle Created with python_avatars Dane Chowning says:

    Thank u

  2. Avataaar/Circle Created with python_avatars Bucky Russel Scribner says:

    Webull wont let you trade after 3 trades if you are under 25k, but you have to select it in the settings.

  3. Avataaar/Circle Created with python_avatars Shane Ross says:

    I love that you love helping others. I'm the same way. Thanks again for another great video

  4. Avataaar/Circle Created with python_avatars Shane Ross says:

    I am obsessed now. Because I totally trust you. I guess I better start with $25000 in my account because I don't want any extra rules slowing me down

  5. Avataaar/Circle Created with python_avatars Shane Ross says:

    I love your story… your business and kids and tlyiu researched and got up early. You're my mentor for sure. Thank you!

  6. Avataaar/Circle Created with python_avatars LadderCat Productions says:

    These guys are the real deal. I am signed up to their day trade program with oracle. CBell

  7. Avataaar/Circle Created with python_avatars thomas feiller says:

    first statement is not true. if you have a cash account you can take as many trades(round trips) in a day as you want. If you have a margin account under 25K then you can only do 3 in a 5 day period. So, go short late day and cover the next day and you're ok. It's only if you have a margin account and want to open and close a position in a single day.

  8. Avataaar/Circle Created with python_avatars Take Care says:

    Your an ACE Tim.

  9. Avataaar/Circle Created with python_avatars Adzi Shannon says:

    Hi Tim and Team, for someone just starting out , I really appreciate your content and teaching methods, to the point and no nonsense, HWPO. Thanks.

  10. Avataaar/Circle Created with python_avatars Walter Harris says:

    Thank you

  11. Avataaar/Circle Created with python_avatars Silvermoon1k says:

    I bought an OTC stock and had to sell it in 2 different orders cuz the price kept dropping. TDA counted that as 2 day trades which put me at 4 for the week. Needless to say, I am done with them for that stupidity cuz I clearly only did 1 day trade. Moving on over to E Trade permanently with a cash account until I can get passed 25k. Made 2 successful paper day trades today on OTC stocks while I am waiting for my funds to settle. Practice and diligence will get me far

  12. Avataaar/Circle Created with python_avatars Lyudmil Gendov says:

    One of the best videos out there, Thanks Tim 🤜🏼🤛🏼you the beat

  13. Avataaar/Circle Created with python_avatars Javier Salas says:

    T Bohen for President!

  14. Avataaar/Circle Created with python_avatars Codyb1414 says:

    So is buy then sell same stock 1 trade or 2 under pdt

  15. Avataaar/Circle Created with python_avatars moriah lutcher says:

    The marked comfort actually screw because account quantitatively spill athwart a vague biology. caring, yummy customer

  16. Avataaar/Circle Created with python_avatars Sean Wilson says:

    There is an offshore brokerage that doesn't enforce the PDT rule. Higher commissions compared to "free" but hey

  17. Avataaar/Circle Created with python_avatars Robert Barreiro says:

    This video inspired me to study more and work harder, thanks bro!

  18. Avataaar/Circle Created with python_avatars Miguel Rodriguez says:

    Im started from zero here a few days ago been watching everything i can while i save up to start, the only thing im having trouble is where and how can i learn to navigate the platforms to find the right stocks to look for. Any suggestions are appreciated books or video's, im all ears! Thanks!

  19. Avataaar/Circle Created with python_avatars mike Contreras says:

    can you send me A link for a good spreadsheet? Thanks Tim

  20. Avataaar/Circle Created with python_avatars Gary Porter says:

    Thanks TB 👍

  21. Avataaar/Circle Created with python_avatars its BUSEY says:

    Appreciate the content, just gotta say i love how less annoying your intro is compared to Sykes😂😂

  22. Avataaar/Circle Created with python_avatars Daniel James says:

    Thank you for not spamming the video with advertisements like most other educational videos. By far my favorite series and teacher.

  23. Avataaar/Circle Created with python_avatars Sculptor Emiel says:

    Thanks Tim!

  24. Avataaar/Circle Created with python_avatars Tasha Branch says:

    In search of a mentor… help‼️

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.