Can you become a millionaire on the stock market? The question of how to grow a small account undoubtedly occupies every trader's mind. How do you manage to make a fortune out of a small amount? And preferably really fast?
Just as it is possible to build a real estate empire without a dollar of equity, so it is also possible to achieve high profits on the stock market with a small amount of starting capital (USD 5000 or less).
In this book, Heikin Ashi Trader presents a stock market strategy that will help the trader to succeed in this endeavor. Above all, he explains that the factor of position size plays a much more decisive role in trading success than is commonly assumed. The right question is not: how often are you right or wrong, but how big is your position if you are right?
This method is just about finding the markets where a significant movement can be expected. And once he has identified one, the trader should build a big position in that market, so that he can fully benefit from this movement.
Table of Contents
Chapter 1: Can You Become A Millionaire On The Stock Market
Chapter 2: Trade with the market's money, not with your own
Chapter 3: Learning from the Grand Master of Speculators
Chapter 4: Scaling in - Scaling out
Chapter 5: Should You Use Stops?
Chapter 6: What do you do if the market is going in the wrong direction?
Chapter 7: Go Global Macro
Chapter 8: Look at the "Big Picture"
Chapter 9: Look for a catalyst
Chapter 10: Mistakes to Learn From
Chapter 11: Success with cotton
Chapter 12: My ruble trade
Chapter 13: Thanks to Presidents Erdogan and Trump!
Chapter 14: Speculating with stocks
Chapter 15: Trade what you see
Chapter 16: How and When Should You Buy?
Chapter 17: Speculation is easier than day trading
Chapter 18: A separate account for each speculation
Chapter 19: with which financial instruments should I trade?
Chapter 20: Maximum risk and Margin Call
Chapter 21: Keep your trades to yourself
Chapter 22: On the way to the first million
Chapter 23: The Final Goal: Financial Freedom
Addendum 1: Past financial crises
Addendum 2: useful websites
Glossary