Stocks with Steve

Internet Trading Academy

Some of you will have no experience trading, while others will have years of trading experience. Either way, you both want to be able to grow your account as quickly as possible.  Before you get started I want to help you set your expectations realistically.

The first thing is to learn the basics and learn to follow the rules you decide on. Of course, I will tell you the rules and system that I use.  If you follow good rules, it will help to keep you from getting big losses, and you will enjoy trading much more as you hopefully make regular profit. Making regular profit not only gives you a good feeling, but confidence, which is very important.

The next part of setting appropriate expectations deals with how much you might expect to make per day.  That is really hard to say.  However, in general, if you make 10% per day, that would be $50 with a $500 account, or $100 with a $1,000 account, that is really good.  And some people really do make $500 or more each day.  And then there is Vinny E-Mini, his first name really is Vinny, who sometimes makes over $20,000 in a single day, yes, trading futures.  He uses an $8,000 account and trades up to 16 lots (E-mini contracts) at one time.  Sure, we want to be able to trade like Vinny.  But Vinny has been trading futures for over 10 years.

 

StocksWithSteve.com          Copyright 2020