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Swing Trading the Stock Market

Swing Trading With $500

Swing Trading the Stock Market

Ryan Mallory

Business, Investing

4.7831 Ratings

🗓️ 14 October 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

Can you trade with $500 or even trade successfully with just that amount, or is it better to save up so you can trade with more money instead? Ryan tackles this hot topic in his latest episode of swing-trading the stock market.


Whiskey: Maker's Mark 2021 Bourbon Heritage Edition


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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, I'm Ryan Mallory, and this is my swing trading, the stock market podcast.

0:11.3

I'm here to teach you how to trade in a complex, ever-changing world of finance.

0:16.2

Learn what it means to trade profitably and consistently, managing risk, avoiding the pitfalls of trading,

0:22.1

and most importantly, to let those winners run wild.

0:25.4

You can succeed at the stock market, and I'm ready to show you how.

0:30.2

Hey, everybody. This is Ryan Mallory with Swing Trading the Stock Market,

0:33.8

and I've got a good episode for you guys today.

0:35.8

We're going to talk about trading with an account under $500. Can you start trading with just $500 or even less? We're going to talk about that here. And more, the guy's name that I'm going to use today, it's not going to be a Florida redneck name. It's going to be by request. He asks to go by the name of Mr. Amps.

0:54.8

Not sure what the backstory is on Mr. Amps, but I can go with it.

0:58.8

He says, hey, Ryan, I just started listening to the show three weeks ago, and I'm going back and forth between older and newer episodes.

1:05.7

I've learned a lot from you and what seems to be a short amount of time.

1:09.1

My question is this.

1:10.4

What are your thoughts for those like me who are starting to trade with a short amount of time. My question is this. What are your thoughts for those

1:11.9

like me who are starting to trade with a smaller amount of money, say less than $500? Also,

1:17.1

for those with even less money to start with, let's say $100. Or should those starting with

1:22.4

less money wait until they can save up to a certain threshold in order to have enough for risk management.

1:28.5

I can understand why people get into penny stocks to begin with, especially while trading with

1:32.7

just a little bit of money. I've done so myself in the beginning. I've also discovered how

1:37.9

volatile and even shady penny stocks can be, though. I'm certainly avoiding them from now on,

1:43.0

even though I'm lucky enough to have

1:45.0

gained some money from them. Hope you can help. Thanks for all the great content. Mr. Amps.

1:51.5

Mr. Amps, thank you for that question. And yes, to get you started on this question, yes, I do think

...

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