| The ticket to becoming rich is not through a job but | | | | 2. Use Stop Loss Orders - A stop loss order allows |
| through having your own business. How would you | | | | you to protect your trades from big losses which is |
| like to have no employees to manage, geographical | | | | crucial when investing in small stocks. Since the |
| and financial independence and the potential for | | | | majority of your small stocks will decline in value |
| becoming wealthy? | | | | having a preset loss limit is crucial. A stop loss order is |
| After searching myself fro many years I found the | | | | set by you after you have purchased a stock by |
| answer through trading stocks. But not just any | | | | setting a predetermined sell order at a specific lower |
| stocks but penny stocks. | | | | share price ( usually 10-20% lower). Should your |
| You do not need any experience, a degree in finance | | | | stock decline the stop loss order will be triggered at |
| or money. All that is required is a willingness to learn, | | | | your sell point and prevent you from losing large |
| following these rules, and getting expert stock picks. | | | | amounts of your investment. The 1-2 out of 10 small |
| That's it. | | | | stocks you will buy will be huge winners and you let |
| You will never need to work a job again. Follow | | | | them ride higher, this is how you become wealthy |
| these tips to trading stocks for wealth. | | | | from trading penny stocks. |
| 1. Open a DISCOUNT Stock Brokerage Account - To | | | | 3. Get Expert Penny Stock Picks - This is a crucial |
| many investors over pay for stock trades. It was | | | | point since many investors try to do it on their own |
| not uncommon to pay $30-$50/trade 10 years ago | | | | and lose big. It is important especially in penny stock |
| but today many discount brokers charge less than $5 | | | | to subscribe to a penny stock pick service which |
| trade. | | | | recommends which stocks to buy. In 6 months-year |
| Do not fail to realize that your trading fees will be | | | | when you develop more experience and knowledge |
| the largest expenses you will incur since you will be | | | | from investing in penny stocks you may try it alone |
| making multiple trades each day. Two cheap and | | | | until then get great advice. |
| good discount brokers are Sogotrade ($3/trade, $500 | | | | In conclusion, These three but crucial rules will make |
| min deposit) and Tradeking ($4.95/trade, $0 min. | | | | you wealthy. Follow the advice and learn as you go |
| deposit). You will be using these brokers strictly for | | | | and you can become very wealthy trading penny |
| their cheap trades and less so for free research. | | | | stocks. |