Struggling to grow your stock account?

Don't know why?

Let's discuss

"The Blueprint For Stock Market Growth"

- A Thread -

1.

Focus on buying quality patterns

Avoid buying stocks in a downtrend (Ford, GoPro, etc) & buy stocks in an uptrend

Rather than hope a downtrending stock will recover

Buy the names that are pushing towards or are at their all time highs..

2.

Avoid buying cheap names

Focus on stocks that are $20+

Cheap stocks are cheap for a good reason

More shares doesn't mean more profits...

3.

Risk management is crucial at this point

Since you're aiming for growth, you're going to have to know how to manage your risk

Aim for a 1:3-5 risk reward

Meaning for every $1 risked, aim to make $3-5

4.

Learn to lock in profits

Know anyone who went broke locking in profits?

Probably not...

I take some profits once my trade reaches a 1:2 risk reward ratio (every $1 risked I aim for $2 made, but I aim to make $5 overall)

5.

Focus on percentage growth over dollar growth

Aim to grow by 1% daily

Anyone with a $100,000 account can make $100 daily (0.10% growth)

But a $10,000 account growing by 1% daily ($100) will do much better in the long run...

6.

Focus on contributing the maximum amount possible into your investment accounts weekly/monthly

Most of you will start with smaller accounts

You need to add more to grow quickly

Think of it like this

10% of $50,000 is $500

50% of $1,000 is $500

10% is more manageable..

7.

Review your trades on a daily basis

Win or lose you have to do this

Ask yourself why a trade went in you favor (or why it didn't)

Consistent growth is tough to achieve without this step

Still having trouble becoming profitable?

Let me help you 1 on 1

All you have to do is:

-Sign up for the Big Picture
- DM me "BP"

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