How to make Money with Trading
Remember when you got your driver license. Maybe your dream was to run in the big car races Indi500. It wasn’t the coolest part being been able to driving to a friend’s house, to the movies or diner. Trading is kind of like that, especially whan you start making money.
Learn to make money as a professional
There are hedge fund managers that earns millions. But most Americans who that start trading can just can buy a friends lunch at 1 month. Pay for gas by the end of 2 months and maybe make a car payment at the end of a quarter.
Your goal could be to make $50 in 30 days. Why $50? That is an amount that you relative high probability of making while risking $500 dollar or less. That doesn’t mean you still can loosing that money. But if you got that $50 goal in mind. You’ll begin employ some really good skills. And build good habits that good traders use every day. Once you developed the right trading skills you are well on your way to make thousands of dollars every week. The difference between making big money and being moderate is using the right kind of strategies, trading small and trading often, and the right probability of profit and knowing when to take profit.
Make money with just a basic skillset
Those basic skillset like placing a lot of small trades that each have a high probability of making money. Like capturing small profits in stat of hitting a home run. Like consistently applying the logic of smart strategies selection. If you do that the only difference between you and professionals is the capital you have available to trade.
A $50 goal is a nice balance. It is an amount of money that you comfortably can wrap your head around. You can only make money consistently if you have a written plan.
Start making a playbook for options. Describe what your trading plan is and how you want to make money. What strategies do you want to use to make money. How much kapital do you allocate for each trade. Start creating your trading plan now so that you can make profit in a consistent way like a professional trader.