Here’s a HACK! Grow your Trading Account, while you learn how to trade.
How to grow your trading account while you learn how to trade?
First off, you must be VERY excited about trading to have success, and I hope you understand your way of learning in order to progress faster. (what does that mean? go here after you read this.)
Intro
This might be long, and will try to accompany it with a video. I hope you can get a good understanding of what I’m teaching you.
IMDigitalDaily.com, is a project I intended to create for my kids
This too, is for all you kids that are like me when I was a kid.
To the youth especially, 20’s, 30’s this is for you. I”m 37 now, and started my trading journey back in 2014, you guys are still very young!
Everyone that wants to get started in trading not leaving you out, if you pursue it then you’ll soon build passion, eat, sleep, and live trading. It’ll be hard, but be excited as how this journey will help you evolve, mentally and spiritually–I’m not kidding.
I will release new educational stuff based on what I think you need to know to get you towards asking your own questions and making this truly your journey. Enjoy
To the youth
Grow Your Trading account While you Learn How to Trade.
Part 1
Breaking it down to you like this. If you’re not prepared to give it years of your time, then this is not for you.
Principle: Learn something new now, and visualize yourself in the short coming future. Welcome the new you 🙂
I have had many passions in my life, but this has been the one that has lasted longer than anything else. I love it and will continue my journey as a trader the rest of my life.
That’s how you should feel.. Excited!
Now, lets start with this
How much can you afford.
Here’s what you have to do. Think about how much money can you afford to invest in an account every month? Think of it like a piggy bank. Anything is good, $10 bucks a month, $20, $50, couple hundred. Idk, it doesn’t matter, what matters it that you do it consistently, and fight yourself every time you want to take the money out and spend it, just make sure you don’t take it out. Once you get started learning you won’t want to take it out.
What do you want to trade, and how to open an account.
It really doesn’t matter yet, but open an account. Look at your banks website, or some popular brokers. Are you interested in stocks like TESLA or maybe you’re interested in Cryptocurrency like Bitcoin and Ethereum. Whatever it is find the right broker and sign up for an account. Feel intimidated and not know where to open an account? here’s a list of popular and trustworthy brokers click.
Popular Brokers
- Coinbase (Crypto Exchange)
- TdAmeriTrade (Stock market and other investment vehicles)
- Merill Edge (Stock market and other investment vehicles)
Journey to learn how to become a trader.
I want you to start with some good books, If you don’t have time to read or find it hard to stay focused you can always use this hack to help you read books 2X faster click.
The initial books I read have been an important pillar. I suggest you start off with “Reminiscence of a Stock Operator” Love this book. You’ll love this amazing story that takes place in early 1900’s. Really cool to here how the markets were back then. It’s no question start here trust me.
Once you’re done with that one you’ll jump into “Turtle Traders” another fun story about a legend trader that trained a bunch of regular people to be successful traders, and helped build his investment firm to make millions and millions. Amazing and do not skip this.
Check out some of these Candle Stick Basics in trading.
Get on YouTube, and check out Trading with Candle Sticks.
Having trouble with reading? Do this hack to read faster and move on.
You should now be about 2 months in from this point and that was easy right, you might have continued form here. I’m just basing this that some of you might have taken a little longer to read those first two books and research videos on youtube. Don’t worry all good.
You already made another deposit in your trading account!
Goal of this part
The point of this first part is to get you to start depositing money in your trading account, and all it will be doing is collecting money form you and waiting patiently until you are truly ready–jedi master ready. No rush. That’s really it as of now, you started educating yourself and you are practicing The Compund Effect. Picture yourself in a 1 year from now, you will think at a new level. Congrats you’re leveling up.
You have completed those two books, looking at the world different now? Ready for Part 2?
disclaimer: This is not financial recommendations, this is all meant for educational purposes where I discuss my preferences and points of views. Please please make sure you read and understand the risks behind trading in the stock market or other markets, as losing money is very possible because of high volatility.
