When first getting started many traders find themselves in a situation with a smaller trading account. This leads to the common thought process of “I need to trade penny stocks in order to build up my account.” Richard Davis (RDTrader12) discusses his experience with this same thought process and where it lead him in his journey. Spoiler alert… it was not to the land of riches and success. He learned some valuable lessons along the way and he is kind enough to share the experience with us.
Are you currently under the impression that the “only” way to trade with smaller accounts is through small cap and penny stocks? If so, definitely set some time aside to listen to this interview.
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