Ep 147: Why Trading Small or Less Beats Trading Large

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Ep 147: Why Trading Small or Less Beats Trading Large ★ SUMMARY ★ In this episode I’ll show you why trading a smaller amount of shares is more beneficial for you, especially if you’re just getting started. Why we want to trade large People always want to trade a large amount of shares, because human beings are greedy. We want to make more money, change our lifestyle, and that’s why we usually want to trade big. We think trading is going to solve all our financial problems, and we want to get those results immediately. Also we usually believe we are better than we truly are, so we trade large, thinking that nothing can go wrong, because we are great traders, which isn’t always true. However, when it comes to trading, growth happens periodically, it’s a step by step process, and it takes time. It doesn’t happen overnight. That’s why trading large and expecting to get rich quick doesn’t work. There are a lot of issues that come when you trade large. For example, emotional issues, personal management problems, etc. Why starting small is better Starting small and growing step by step is actually a much better approach, because this way you can learn how to manage the money that you make a lot better, meaning that you’ll be able to preserve that capital for a longer period of time. Another reason trading small is better, is because when you trade a large amount of shares, if that stock pulls back, you are going to have a very big loss. Whereas if you trade a small amount of shares, that pullback won’t be as painful, and you can always add to that position later, when the opportunity comes. Another benefit of trading small is that it allows you to build the experience needed to become a great trader, a little bit at a time, without risking too much. When you’re just starting you’re not ready to trade large, because you don’t have the experience you need. And more than likely you’re going to lose all your money. So start at the beginning, learn to trade right first, and then start trading larger over time, as you become more experienced. Posted at: https://ift.tt/2RpE7JE ★ REGISTER FOR A FREE LIVE CLASS ★ http://bit.ly/marketevents ★ GETTING STARTED RESOURCE FOR TRADERS ★ http://bit.ly/startstocksnow * Please note: some of the items listed below could and may be affiliate links ** * Trading Software / Tools * Scottrade: http://bit.ly/getscott SureTrader http://bit.ly/getsuretrader TC2000: http://bit.ly/gettc2000 TradeKing: http://bit.ly/gettradeking TradeStation: http://bit.ly/getstation ★ SHARE THIS VIDEO ★ https://youtu.be/tMZvglEoGxA ★ SUBSCRIBE TO MY YOUTUBE: ★ http://bit.ly/addtradersfly ★ ABOUT TRADERSFLY ★ TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing. Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better. Stock trading and investing is a long journey - it doesn't happen overnight. If you are interested to share some insight or contribute to the community we'd love to have you subscribe and join us! FREE 15 DAY TRIAL TO THE CRITICAL CHARTS - http://bit.ly/charts15 GET THE NEWSLETTER - http://bit.ly/stocknewsletter STOCK TRADING COURSES: - https://ift.tt/1Y04fMa STOCK TRADING BOOKS: - https://ift.tt/24WM6gS WEBSITES: - http://rise2learn.com - https://ift.tt/1UhOqiP - http://tradersfly.com - https://ift.tt/1uiDoGd - http://sashaevdakov.com SOCIAL MEDIA: - http://twitter.com/criticalcharts/ - https://ift.tt/1UHgeao MY YOUTUBE CHANNELS: - TradersFly: http://bit.ly/tradersfly - BackstageIncome: http://bit.ly/backstageincome
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