How to Turn $ 5,000 into a Million
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
About the Author
Heikin Ashi Trader is the pen name of a trader who has more than 18 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.