The Penny Stock's Allure To Riches...
The mainstream financial realm of "big wig" hedge funds and multi-billionaire investors have sound advice on penny stocks....
...stay away!
You hear many "Rags to Riches" stories about the stock market in penny stocks...
...along with multi-millionaire mentors that promise the golden road.
From the innumerable tales of
lost fortunes, scam artists, manipulation and shady stock trading...
...the question remains - can you make a sustainable living, or more, from trading penny stocks?
Dolla Dolla Bill Y'all...
Short answer: Yes.
That's the real secret beneath the lies, rumors and hearsay...
...but there is more...
The common ratio used for success vs. failure in the stock market is 99% to 1%....it's more like 94% that actually fail.
This means that at any time in the stock market, approximately 6% of all stock traders are legitimately successful...
...how do you like those odds?
If you find that acceptable...great.
Because since there is an ever flowing amount of traders entering the market every day...
...you can become the 6%. But are you willing to work for it?
You will need...
- education...
- discipline...
- capital...
Penny Stock Education
The common adage is invest in your stock market education or pay the market.
That statement isn't any truer.
Whatever deficiency is present in your education...
...the stock market will gladly accept the tuition costs from the mistakes you make.
You can read the review by click here for Profit.ly online stock trading courses and trading community.
Another highly recommended trading community is Investor's Underground. You can reach their site by clicking here.
Discipline
You may have all of the knowledge and education on trading, but if you do not exercise discipline to follow every rule you are taught (you'll learn the rules from the education)...
...you will still fall into the category of 99% of traders that fail.
Capital
Lastly, you really want to make sure you have sustainable capital to make the proper investments.
A tip about stock trading - it's not a get-rich quick scheme.
You have to be willing to learn for a few months to a year...
...then practice building the account based on the principles you have learned.
Traders have started with as little as a couple hundred dollars to tens of thousands....
...just DO NOT sacrifice your education because of limited capital.
Invest first. Then Trade.
How Much Money Can I Make If I Invest? ...
Disclosure: This is not scalable to make 100's of millions of dollars a year...not even 10's of millions of dollars a year.
Although, for a smaller account...you can become a millionaire.
It has happened time and time again.
Traders are becoming successful and making 4, 5, 6 and 7 figures a month up to a year.
Tim Grittani is the notable penny stock trader who turned $1,500 into over $5 million in a few years.
For the month of November 2017 - he made over $500,000.
Roland Wolf started trading in the beginning of January 2017 and has turned his account from $4,000 to over $400,000 to date.
Those two are the most popular at the moment, but there are other traders such as...
- Tim Sykes
- Michael Goode
- LX21
- Mark Crook
- Warrior Trading
If you have any doubts, it's probably not for you. This takes time, hard work...
...but the rewards are there.
So the proof is there - you can make a living and live the life you choose through penny stock trading...
...if you properly educate yourself.
If you do not invest in learning the intricacies and mechanics of penny stocks and the stock market as a whole...
...you will lose your capital - either a significant amount or all of it.
That's my fair warning to all prospective and current traders.
Below I've compiled a list of the industry's top educational resources by the most experienced traders.
If you do not invest in learning the intricacies and mechanics of penny stocks and the stock market as a whole...
...you will lose your capital - either a significant amount or all of it.
That's my fair warning to all prospective and current traders.
Below I've compiled a list of the industry's top educational resources by the most experienced traders.
These are the highest recommended tools to become a stock trader or improve your trading...
- You can find reviews and trading lessons byclicking this link here for Profit.ly.
- You can find reviews and trading lessons by clicking this link now for Investor's Underground.
- For a review on Tim Grittani's DVD, click here now.
To you being the best trader...
Cheers,
The Penny Trader
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