💎Get up to 10% cash back with M1 Finance’s credit card (it’s metal!):
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💎Get 2 free stocks valued up to $3,200 when you deposit $100 in WeBull: https://act.webull.com/k/CfaJLUrdC3v2/main
💎Sign up for Robinhood and get a free stock, like Visa, Microsoft, or Apple! – https://robinhood.c3me6x.net/rjg4j​​
💰 Follow My Trades on the mobile app, Iris https://invite.iris.finance/share/inthemoney
(Username @inthemoney)
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Outro Song: https://www.youtube.com/watch?v=bFQCo1C3RH4
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You can make good money on Robinhood, and I’m here to prove it. This series covers all the important trades I take so that you can apply trading skills and techniques with your own Robinhood portfolio. I want to help you understand how to consistently grow your Robinhood Account.
Investment Calculator:
https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator
Simple Moving Average:
https://www.investopedia.com/terms/s/sma.asp
Exponential Moving Average:
https://www.investopedia.com/terms/e/ema.asp
VWAP:
https://www.investopedia.com/terms/v/vwap.asp
Think or Swim Download:
https://www.thinkorswim.com/t/index.html#!/trading
Think or Swim Delayed Data Fix:
Stop Loss Calculation:
(x*0.05)/y = # of shares to risk 5% of total portfolio
x=account balance
y= $ distance to stop loss (enter as positive number)
Episode 3 of a challenge to grow a $500 robinhood mobile app account. In this episode, we discuss day trading options, how to set a stop loss, and the power of recurring contributions with compound interest. Growing a small account on Robinhood requires consistency and patience. Swing trading, day trading, and investing all take practice, but with good risk management you can make a LOT of money over time starting with only $500. I’m here to teach you how to make money trading in the stock market.
I use Think or Swim by TD Ameritrade as my charting platform, while I use the Robinhood mobile app to execute trades. Follow the links above to download Think or Swim (tos) and how to fix delayed data on Think or Swim.
Two key take aways:
The more you contribute to your Robinhood trading account, the more money you will make.
Also, although not mentioned in this video, don’t try to call tops or bottoms. Follow the money. This one simple tip will save you a lot of heartache.
Thank you for your support, and happy trading!
