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.
Posted at: http://tradersfly.com/2017/01/ep-117-portfolio-20k-account/
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* Trading Software / Tools *
Scottrade: http://bit.ly/getscott
TC2000: http://bit.ly/gettc2000
TradeKing: http://bit.ly/gettradeking
TradeStation: http://bit.ly/getstation
* 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
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