3 years ago, Tim Grit decided to start marketing shares with its saved $ 1,500. Today, 24-year-old has PROJECTS with over $ 1 million.
But how does he do it? It does not trade well-known large companies, such as Apple or Ford. Grit is focusing in trading penny stocks. These are units of very small companies, for which the value is usually below $ 1. Tim, however, stresses that this is a risky strategy and is not for everyone.
"I traded every day for almost three years in a very slow process and everyday," he said. Also explains that the strategy that he practiced is to hold shares on average a few minutes, saying that the longest time for which it held shares was only a few days.
But why he is drawn to these shares? Most of them are highly speculative, also commissions are not so great. On the other hand, Grit explains that through penny stocks is very likely to lose their capital because of the big speculation with them.
Grit achieved 800% profit in the first few days after they started trading as a week is over $ 12,000. A year later he made an outstanding impact with $ 215,000 profit in just 1 day, generally within 3 years make initial capital of $ 1500 to over 1 million. Tim also has set itself the goal "in the next year or maybe two" to increase its profits by $ 650,000, which if it happens will be 65% return - a great achievement.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.