Video: Strategies for Growing a Small Trading Account
What specific strategies are effective for new traders with relatively small trading accounts?
Experienced trader John Carter of Simpler Options released a video this morning specifically tailored to traders with goals of growing a small account incrementally into a larger account.
Here’s a link to his free video which introduces a more detailed webinar:
In the video, John will briefly cover the following tips and strategies:
- The difference between trading for income vs. growth and what no one else will tell you about this
- The # 1 job of every trader has to accomplish or look for a new job
- Why you don’t want to focus on being right in trading and yes this is counter intuitive
- Examples of my favorite trades for growing a small account
- Position sizing appropriately for a small account and the types of stocks and ETFs to trade
In addition, John always shows his account and how he is directly applying these strategies for himself.
I am a long-time colleague of John and am a proud affiliate of Simpler Options.
I also used simple option strategies when I was starting to trade higher priced stocks when trading was still a hobby for me in 2004.
Thanks to John for continuing to provide education (in an easy-to-understand, often engaging style) to the trading community.
Corey