How I made and make my money in the market. Take this free info.

Well. People say the only people making money trading are those people selling courses. Yes, with all the free information youtube provides. If you are paying anyone to learn, or what their stock picks are. You have already lost the game.

This is the only way to make money in the market. You need to have at minimum 3=5 year plan. And think in percentages not in dollars. You can't expect to be a millionaire putting a thousand dollars in the market. The less skin in the game you have, the less dollars you will make, but it's about percentages. Do you have a savings account? What percentage is the bank paying you for the money? The goal of a savings account is to what? Save money. The goal is also to not use that money until a later date.

So now it's time to build your new saving account, the stock market. If you know zero about investing. I would look in to index funds there are all sorts of them (picture a basket filled with all tech stocks) for example. And your money buys you tiny fractions of each of the stocks in said basket. This is a great way to get in to the market. If you buy in to a reputable fund, you will automatically earn a much larger % on your money than any bank will ever offer you. Savings accounts are for suckers? Well not entirely, you should always have some cash on hand for emergencies. This year most people including myself is taking losses on their money. Overall I'm way ahead, but this year It took a giant shit. If I needed cash I would have to unload things either I'm down on or I'm up on. If it's say Tesla, now I have to pay capitol gains tax on that money. If it's Carnival cruise, I have to take my loss. But the Government only allows me to write off $1800 per year until I have written off the entire loss.

So how to trade the market? You need to think future even as a trader. I place very large bets on very large companies. Why? Most of these companies don't 10x over night? Exactly, they also don't take 10x shits while I decided to run out for an hour it works both ways. But, when they do take a shit. I have enough confidence in that company to wait it out and it will eventually come back. Have I been wrong? Absolutely, no one is 100% a winner in this. But I decrease my chances of taking a loss when it takes a shit, because of the 3-5 year plan. For example, I am currently losing money on Amazon, will it recover 3-5 years from now? Fuck yeah in my opinion and I will have a nice return. I invest in companies I feel or know in my heart will not be going anywhere. I also invest in things I plan on holding past a year. Why? When you sell within the year, your profits are counted as regular income and taxed accordingly, when you hold over a year, your taxes are about 1/2 that amount. Now If something I really don't give a fuck about, and only purchased at what I felt was a sale price, I'll bounce and take profits the same year. But mostly I will check to see the premium on a leap and write a covered call to lower the price of what I paid even more, and a nice premium will protect you a little bit from when a stock declines. And your stock gets locked up by the broker until the leap expires or you close out the contract.

So what does this all mean to you? You don't need a lot of money to get in to the market. You need two things discipline and patience. My suggestion, you start putting say 25% of the money you put in your savings account every time you get paid in to a brokerage account. (Don't buy fractional shares) wait until you have secured a company you want to invest in. Amazon, Berkshire class B shares. I can rattle a ton of those off want to watch a little more price action? I suggest AMD . Don't get distracted by the noise. Watch three stocks to start, and only look at massive companies. You don't need to learn how to read charts (even though it's every helpful) And news is worthless in the long term. But if you start to watch three stocks every day. You will see your own pattern. And you will have in your mind what you feel is the days the stock is over priced. And when the stock is on sale. Wait for it to go on sale, again no one is perfect but most times especially looking in the future sale days are the only times to buy, because if you buy for the sake of buying. You will not only miss out on a "sale", you will be temporarily behind the 8 ball so to speak. Stocks go up and down. Be a specialist in the stock you are interested it.