I am going to be guiding you through a path to make money this year. Are you ready to join me for free?! And away we go...
1. Create a Paper Trading Account
There are several out there but I recommend the following,
Schwab’s TD Ameritrade’s paperMoney, which uses the ThinkorSwim platform.
Start out by registering here:
https://www.schwab.com/trading/thinkorswim/paper-trading
You are going to be buying and selling stocks with me all year until you get used to buying and selling stocks from an online broker. Because it is Paper (Play) Money, you will not lose anything if you make a mistake, or I make a bad pick. I will be using real money from my online account. Once you feel like you are confident making a profit with your Play Money, then and only then, can you join me on the other side using Real Money.
2. Get Familiar With the Interface
Even though you will be using Play Money, you will be buying and selling stocks when the market is open. This will give you the experience on how to place buy and sell orders in real time with a click.
3. Practice, Practice
I recommend at least practicing with me for 1 month, for 1 hour each day the market is open. Go online, place your buy trade, go to work, come back to see if you bought the stock, place a sell order that night, go to work the next day, come back, and to see your stock sold, and just like that, you made money!
I will give you a stock pick 2 times a month for free. If you are a subscriber to TruthonBible, you will get 4 stock picks a month. Is this Bible, you may ask? Is it right to go after money and increase your wealth? See my message, "Prequel to Increasing Your Wealth" to answer all your biblical questions.
It is 1/14/24 and I will be giving you my first stock pick now...
Buy shares of Citigroup (NYSE: C) at market Tuesday morning and set a 25% stop loss. If Citigroup shares fall by 25%, we will sell it and declare it a loosing trade, but if she rises by 25% we will sell it and take the profits.
Legal Note: Nothing published by TruthonBible should be considered personalized investment advice. I am not licensed under securities laws to address your particular investment situation. No communication by me to you should be deemed personalized investment advice.
Any investments recommended by TruthonBible should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Are you interested in TruthonBible helping you make extra money with financial investments?
For those of you who don't just follow me because of my Bible lessons, but my stock picks as well. Today I am doing a stock play on #USAS Gold and Silver, buying it at current levels and waiting for it to get back to its highs. (Please read my warnings of investing money in the market.) This is a cheap, long-term (1-3 year) play.
I do have a Bible reason for investing in Gold. (Please see my lessons below on "Why We are Afraid of Having Money/Gold".) There is a Bible reason for owning Gold and why PHYSICAL Gold will never go out of style in spite of the emergence of DIGITAL Gold, Bitcoin. (Which you should own too.)