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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:
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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.
🔴 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.
Thank u
Webull wont let you trade after 3 trades if you are under 25k, but you have to select it in the settings.
I love that you love helping others. I'm the same way. Thanks again for another great video
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
I love your story… your business and kids and tlyiu researched and got up early. You're my mentor for sure. Thank you!
These guys are the real deal. I am signed up to their day trade program with oracle. CBell
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.
Your an ACE Tim.
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.
Thank you
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
One of the best videos out there, Thanks Tim 🤜🏼🤛🏼you the beat
T Bohen for President!
So is buy then sell same stock 1 trade or 2 under pdt
The marked comfort actually screw because account quantitatively spill athwart a vague biology. caring, yummy customer
There is an offshore brokerage that doesn't enforce the PDT rule. Higher commissions compared to "free" but hey
This video inspired me to study more and work harder, thanks bro!
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!
can you send me A link for a good spreadsheet? Thanks Tim
Thanks TB 👍
Appreciate the content, just gotta say i love how less annoying your intro is compared to Sykes😂😂
Thank you for not spamming the video with advertisements like most other educational videos. By far my favorite series and teacher.
Thanks Tim!
In search of a mentor… help‼️