Ep 117: Building a Portfolio Through Accumulation w/ $20,000 Account
★ SUMMARY ★
In this episode you will learn how to build a portfolio with a $20,000 account through the accumulation.
We will look at your investment timeline and time horizon and how to spread the risk across multiple weeks, months and years. when it comes to trading there are multiple risks that you always have on the table in one of those is the price risk. If you can spread out your price risk across multiple weeks or months it can reduce your positions risk over that time period.
This is known as the accumulation stage. Some investors are traders may call this buying on dips or buying on pullbacks.
In this episode we will do some calculations and share with you some insights on gaining shares at a cheaper price so that you can average in at lower prices and reduce your risk. This in the end will allow you to save some money on purchasing shares, get them in a good value, and allows you to make more for when the bounces come.
However all this comes with creating a plan around your big picture investment strategy.
* Please note: some of the items listed below could and may be affiliate links **
* Stock Trading Books *
Encyclopedia of Chart Patterns: http://amzn.to/2fCnxIB
How to Make Money in Stocks Getting Started: http://amzn.to/2f8FKsM
How to Make Money in Stocks: 4th Ed: http://amzn.to/2f8E1DQ
Reminiscences of a Stock Operator: http://amzn.to/2gpQMNm
One Up On Wall Street: http://amzn.to/2gbMHJJ
★ SHARE THIS VIDEO ★
★ SUBSCRIBE TO MY YOUTUBE: ★
★ ABOUT TRADERSFLY ★
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!
FREE 15 DAY TRIAL TO THE CRITICAL CHARTS
GET THE NEWSLETTER
STOCK TRADING COURSES:
STOCK TRADING BOOKS: