Hey guys Hey from Costa Rica I recently made a post about how I afford to travel the world oiler the answer is the stock market after I made that post I had a lot of you guys that were super interested I just really want to caution you guys not to just jump into the stock market please don’t take anything that anybody says about the stock market for granted even what, I’m saying here don’t just follow exactly what I say don’t go to another website, and follow exactly what they say no one is completely a hundred percent right about the stock market no one knows the perfect way it doesn’t exist always kind of be doubtful about any advice you receive about the stock market even for me don’t take what, I’m saying it’s just the absolute truth go under your own research I am going to show you exactly how I would trade a stock pretty volatile looking stock we have here which is great for us we are starting out our graph with a hundred shares. So the stock goes up here we would be thinking well is this not going to go up more or is it just at its highest, and it’s going to go back down we wouldn’t know.
How I Trade on The Stock Market Photo Gallery
But stock has gone up a lot. So we could sell all the hundred shares that wouldn’t be the worst decision or we could only sell fifty shares half which is what we’re gonna do the stock goes down we decide not to buy anymore. Because we’re just not sure what it’s going to do goes up a little. But not really anything significant. So again we wait goes down again now we’re thinking it might be a good time to buy already off fifty shares. But here we’re going to decide to buy fifty more shares in here we don’t really do anything. Because it’s not moving that much what we need is a big move that is what happens.
So this is great for how many shares do we have right now we have a hundred this is a great price we can see that based on the graph it’s such a good price we’re going to sell our shares now we are out of this stock, and we are looking for another steep decline in order to buy more that’s just what happened right here. So we decide to be aggressive we buy a hundred shares at a time we have a hundred shares now that goes up our not sure if it’ll go up more. But if you look at that compared to the highest it’s been it’s really not that much lower. So we just decide to sell all of our hundred shares again, I’m going to go back, and add like plus, and minus signs bara, and I added the plus, and minus signs for you guys to make it more comprehensive all right. So we have sold all of our shares again now we’re looking for the stock to go down it does things are working out for us we get aggressive we decide to buy a hundred, and fifty shares the stock goes up we don’t want to sell all of our shares. Because we have a lot, and we don’t know if the stock is going to go up again we decide to sell a hundred shares you could have sold 50. But a hundred is just a little more safe we’re making money nothing wrong with taking that up/down now it’s just going up a lot we decide to sell all the rest of our shares 50 shares.
So we don’t have any more of the stock at this point what we would be hoping is for the stock to go down from there. So that we could buy it again. But this happens the stock goes up so much in these times you know it can get frustrating. Because you’re thinking well look at all the money I could have made you really can’t think that way. Because it’s just gonna happen goes down again. So we have no more shares we want to get some more we’re not really sure what’s happening. So we’re buying 50 win-win situation here for us.
Because we don’t have that much stock in the company right now we could afford to buy more definitely. But also if it goes up we’re going to sell, and make money on those 50 shares. So if it goes up we sell we make money if it goes down we buy more just a good place for us to be in the stock goes down we’re going to get aggressive again, and buy a hundred shares now we have a total of 150 shares stock goes up again we sell 100 shop goes down again by 50 that is what I do on the stock market you can screenshot this chart if it helped you I hope it does this is literally what I do on the stock market it’s my thinking it’s my strategy that’s what I do these are real scenarios of mine. So I hope that this helped you this little graph of mine a common question that you guys seem to ask what was your initial investment in the stock market as I said I have been getting ready to go on a trip to travel the world for a few months, and then I decided not to go, and that is where the money for my initial investment came from I had saved up um ten thousand dollars I don’t want this number to like immediately scare people off like oh I could never save up ten thousand dollars. Because I just did that working at pretty normal jobs I worked at a cafe it was on the management team there I also was always doing things on the side to try, and make extra money was doing freelance jobs a lot I was writing I was modeling on the side I was doing Airbnb renting out my apartments I was always just doing all these things on the side to try, and make money when I first found out about the stock market I did not immediately invest all of my ten thousand dollars the initial investment that I made was of two thousand dollars. So I put in two thousand dollars, and it went well as I said in my other post the more money you have on the stock market the easier it is to make money once I realized that I just decided that I wanted to put in the rest of the money. So I put in ten thousand total.
But I didn’t do it all right away to start on the stock market I would recommend having one thousand two two thousand the more that you have the more you make. But at the same time I don’t recommend that you put in this enormous sum of money for you all at once I would say two thousand is a solid amount to start another popular question has been what trading platform do I use the trading platform that i use is TD Ameritrade okay what type of stocks do i buy some stocks that I have, and that maybe you can look into. Because again do not just hear one person saying oh I have this stock, and then go immediately buy it just nobody don’t ever do that some stocks that I have in my portfolio right now one of them is Apple I like having a set number of apples shares in my portfolio. Because they give good dividends I have recently started trading in Tesla it went down a ton lately. But I do believe in the company I sometimes trade in Bank of America I like to have a variety of stocks in different sectors, and Bank of America is obviously a stock in the banking sector another thing on the stock market that I really like to do, and that really helped to take my account to the next level when I first started on the stock market is that I do trade in stocks called triple leveraged ETFs if you buy Apple stock you’re literally buying a piece of that one company on the other hand triple leveraged ETFs are not one company herbal leveraged ETF is a group of companies put together into one stock. So when you invest in an ETF you are not investing in a single company like you are with most stocks you are investing in an entire sector, and that could be either very broad or very narrow focus ETF depending on the ETF you select let’s say that you’ve decided to invest in oil. So you go, and look up well what companies are involved in oil a company that is involved in oil is for example Exxon they are one company.
So you know exactly what company you’re buying you’re buying into Exxon if Exxon does bad the stock does bad if excellent is well stocked as well however if you decide to buy an oil ETF here’s one you could look up that I invest in a lot it is called ERX ERX is a stock that is invested in the entire oil, and actually energy sector as well. So it’s a pretty broad market ERX is going to be tracking how oil is doing how energy is doing, and it’s not just based on one company. So let’s say that Exxon has something really bad happen to it that doesn’t necessarily mean that ERX the ETF is going to also do that it’ll definitely affect it. Because Exxon is a big part of that market. But it’s not going to completely sink your stock triple leveraged ETFs are kind of the the ETF’s on steroids triple leveraged etfs are going to move three times as fast as the normal stock would. So that makes them pretty risky pretty intense, and nerve-wracking to follow, and invest in sometimes when they’re going up it’s great. But when they’re going down it’s pretty awful.
Because they’re moving three times faster I am NOT saying that this is the right where you go. Because triple leveraged etfs are risky however it is how I built up my account to a higher level, and if I had not been investing in triple leveraged etfs then I don’t think that my account would be at the level that it is today yet oh here are some triple leveraged ETFs I follow, and that I have traded in be careful with them though. Because as I said they’re moving three times faster than other stocks. So when they go down it can be pretty bad I highly recommend going on a trading platform where you don’t actually trade with real money it is a simulated stock market, and all of the stocks behave exactly like they do in the real world. But you don’t actually put any money in it’s just basically a test it really gives you a very accurate picture of what it’s like to trade on the stock market okay guys I hope that this has helped I hope that it is encouraged you I hope that you are not going to be listening to all of my advice remember what I said don’t just take everything I said for granted go out, and do your research look for people that disagree with me there’s no right way to do the stock market you just need to find a way that works for you, and I have that doesn’t mean that way is for you, and that is fine if you like the post then please press like down below, and it would be even more awesome if you could comment if you’ve already commentd then thanks as always more adventures are coming soon here in Costa Rica, and beyond I will be visiting some more really exciting places soon thanks for reading bye.