Before you invest think of the Individual Risk Appetites statement, which is defined as ‘the amount and type of risk that an individual is willing to take inorder to achieve their goals’.
Here are the secrets to making $1000 per day through investing:
1. PICK GOOD COMPANIES
Good companies are the ones that loses the least when the market is down are the best in their chosen fields, such Technology, Agriculture, Education, Beauty; you name it.
Compare your likeable company ( a company that you usually purchase from) with its competitor and pick the one that moves the most when the market is up.
2. PROTECT YOUR PORTFOLIO
Wait! Investing is a calculated risk. Look at the 70% likelihood successful trade rather than the 90%. The risk to reward ratio of 1:3 is a good trade.
A good thing to do is by having a stop loss, which is something that takes you out of trade when your stock is going in the wrong direction.
Learn how to read charts and have a watchlist of 20-30 companies. Remember if you lose, make sure to gain it back the next day, you got this!
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3. PUSH FORWARD
Stay focused and don’t give up when you’ve lost. Go back to the basics of investing, go back to reading charts, looking at potential companies in the news and analyzing your goals. Happy learning!
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