With the economy on the rise and people starting to get back on their feet, it is no surprise the stock market has seen a huge influx of new traders into the game – not coincidently that also means I got a lot of questions from new traders wanting to know what is the best stock trading strategy to make money right now.
After all, who wants to wait, right?
The best advice I can provide is to take any profit per trade and run. In the short-sighted world we live in today it is easy to get caught up in the hype of big returns and massive payouts, but the truth is that most trades won’t work out that way. You won’t find your Netflix in in every trade.
The best way to make money now is to think long-term and take profits as you see them. While an $80 profit off a trade might not seem a lot initially think about how a bunch of these could add up overtime similar to an interest rate? You make $80 off this trade, that trade, and maybe a couple more and suddenly you are racking up a nice little gain in your portfolio.