Money Management Mindset When Trading penny Stocks

Do you want to make lots of money trading penny stocks in the shortest amount of time possible? Of course you do…I mean who wouldn’t? Everyone wants to take a little bit of money and make it into something substantial. Now, there is nothing wrong with having lofty goals. In fact, setting goals for ourselves is a great way to stay focused and motivated. However, you’ve got to be realistic…and you’ve got to be smart about building up your trading account.   The Mind Set When Trading Penny Stocks Think of the money you deposit in your account as it’s already gone. This is money that you can afford to lose…money that you don’t need to survive, pay the bills…it’s your fun money or play money. If you flushed this

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A Simple Approach To Position Sizing and Money Management Trading Penny Stocks

Do you want to make lots of money trading penny stocks in the shortest amount of time possible? Of course you do…I mean, who wouldn’t? Everyone wants to take a little bit of money and make it into something substantial. Now, there is nothing wrong with having lofty goals. In fact, setting goals for ourselves is a great way to stay focused and motivated. However, you’ve got to be realistic…and you’ve got to be smart on how to go about building your account and day trading stocks. Set Realistic Goals   The Mind Set Trading Penny Stocks Think of the money deposited in your trading account to be already gone. It’s money that you can afford to lose…money that you don’t need to survive, pay the bills…it’s your play money.

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