What Does “Beating Wall Street” Mean?
When I say “Beating Wall Street”, I mean making consistent money in the market. You may have heard that “more people lose than win” on Wall Street, but who knows the actual statistics. In my opinion, this is because the majority of people trading simply don’t know what they’re doing: They make investments blindly based on hunches (They don’t analyze any data before making a decision)…or decide to buy based solely on price (“This stock is only $0.25, I can buy 100,000 shares!”)…Or they read 1 positive article that touted the stock so they fell in love with it (But they didn’t consider who wrote the article..A credible source? Or Joe Schmo?)…
This is why analyzing trades correctly and following a proven strategy are so important when it comes to Beating Wall Street. Those who choose not to educate themselves are simply padding the pockets of those who choose to be knowledgeable.
Check out the Following Pages for Help Beating Wall Street:
Short Background of Wall Street:
To gain some perspective, Wall Street is in fact an actual street in Lower Manhattan, and is known as the “financial district” of New York. This is where the New York Stock Exchange (NYSE) is located, along with many other major exchanges and financial firms. Without getting too complicated about the process, it used to be that trades could only be executed by traders that were physically located at the stock exchange itself. These days, however, many online brokers are able to immediately execute trades electronically. This automation via the Internet has allowed many “Retail Traders” to get in on the action. In today’s world, when people mention Wall Street, they are typically referring to the stock market in general.
Why to Invest in the Stock Market – “Cash is King”
This may seem obvious, but before you can invest in the stock market, you must have cash available. This is why Building an Online Empire is so important…The revenue streams you create online will continuously help boost your cash portfolio. Once you have enough cash available, you can begin multiplying it and seeing much higher returns than any interest rate…Would you rather put your money into a savings account and earn a measly .05% return per year, or implement a trading strategy that can realistically yield 30%+ per year…For a financially savvy individual, or any right-minded person for that matter, the choice is undeniably clear – The smart thing to do is invest.
“How Much Cash Do I Need to Start Investing?”
I wouldn’t recommend jumping into the stock market with anything less than $1,000 – This is the bare minimum. Ideally, you will want somewhere in the range of $5,000-$10,000 to start. This amount will allow you to be in 2-3 trades at a time as you learn, and you won’t feel as limited. From there, cash portfolios can range into the millions. It really depends on your own personal situation. I know people with $2,000 portfolios, and I know people with $200,000+ portfolio. If you don’t have this kind of money at the moment, but you are still interested in learning, I always recommend Paper Trading.
Take Action & Grow Your Portfolio Immediately! Happy Trading!
Please don’t hesitate to leave any questions or comments below.
Written by Matthew Thomas