Have you ever met a successful “stock trader”?
I am not talking about the hyped up scams you see all over Social Media promising you instant riches. Any one can “cherry pick” a few good trade and say “just trade this….”
The fact is short term trading or trading for a low reward/risk ratio DOES not work.
The ONLY way to have the potential to make huge gains in stocks is the opposite of what your broker, the vendors and what most people want to do.
ONLY trade in very high probability stocks where the reward/risk ratio is at least 4:1 OR where you can make 200%+ use compounding returns after a few trades, Focus on 1-4 stocks only, be prepared to have no trades for 12+ months AND take a 6 year view. Forget making yearly or even monthly profits.
The only famous traders that made fortunes in stocks are people like
Nicolas Darvas “How I Made $2 Million In The Stock Market”
They all invested the same way. Focused on a few positions of high probability and huge% moves. No short term “swing trading” involved.
**** ALL INVESTMENTS CARRY RISKS. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PERFORMANCE. ONLY INVEST WHAT YOU CAN AFFORD TO LOSE ****