Stock Trading Beginner Course: Lesson 7 - Account Size and Class Goals!
👨🏼🏫🎯📝: Let's discuss goals ONE MORE TIME. I know some of you may be getting antsy to get into it, so let's just do our DD and cover our goals one more time. The reason this is so important is because you may not have the same account size as me, or others you talk to - so let's lay out some rules.
When it comes to SMALL account sizes we will cover our goals for them. Basically it boils down to fundamentals; while you have very little to risk why not vet your structure and systems and work on these things.
Then when you grow a bit more - what do you do while still under the PDT rule? How do you properly use your day trades? What do you do differently once your account finally has some size.
Once you are over the PDT Rule - do you change EVERYTHING or do you change nothing? Change a few things? What do you think about your system after the PDT rule is broken, let's talk about it.
After that, how do you build up a long term and passive income account? Why swing with $1,000,000? Makes little sense to me, diversify and go for long term goals.
After this, we will discuss YOUR edge and then hop into content!
0:00 - Introduction
1:17 - Paper Trade
3:29 - Small Account Goals
7:30 - Medium Account Goals
12:30 - Over PDT Rule Goals
14:51 - Large Account Goals
19:19 - Outro
*Obviously not financial advice. All decisions are your own. This is for entertainment.*