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Michael Goode was in grad school when he realized he wasn’t on the right path. He’d inherited some money and decided the stock market might be right for him. But as he started in the market, he didn’t know if he could hack it. Watch to learn about his journey to trading success!*
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As soon as trading piqued Goode’s interest, he got to work. He studied everything he could, putting in 30 hours a week. Short selling immediately caught his interest. But shorting can come with a LOT of unexpected headaches...
Like finding shares to short … That can be a hassle.
And not all brokers let traders borrow or short shares. So you have to find the right broker if shorting is your thing. Also, if you’re into low-priced stocks, pay close attention. Most brokers want nothing to do with them.
Goode found most of his shorting opportunities in promoted stocks. Which stocks get promoted? Typically very small companies. They aren’t well known and no one trades them. So the company pays for promoters to spread the word and lure in traders and investors.
Is shorting promoting stocks a viable strategy? It can be, but it’s certainly not easy. You gotta have a strong mindset to handle it! So do your research. Check out all the fees. And when it comes to actually shorting, make sure you’re prepared to trade smart.
Tune into the video to learn more about Michael Goode’s journey and what you NEED to avoid if you’re going to explore this strategy. He’s got tips you can’t miss!
Short selling can potentially be a great edge to have ... if you understand it. But it’s a risky way to trade. You can lose far more than your position or even your account. Keep your risk management in check.
And as always, if you end up on the wrong side of a trade — cut your losses quickly!
(*Trader’s results are not typical. All trading is risky and requires dedication and effort. Most traders — roughly 90% — lose money. Do your due diligence and never risk more than you can afford to lose.)

#StockMarket #TraderJourney #ShortSeller

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*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.