Hey, everybody. This is Ryan Mallory with SharePointe.com's swing trade in the stock market.

In today's episode, we're going to talk about whether you should be trading just one stock.

Is that a good strategy just to narrow your focus towards one stock and one stock only?

Or should you really have more of a broader view of the stock market and trade multiple stocks.

I mean, for me personally, I trade a ton of different stocks.

So we're going to talk about that here today in this episode.

And in today's email, we got a guy he asked to be called Jimmy from South Carolina.

And Jimmy from South Carolina writes, hey Ryan, this is Jimmy from South Carolina.

Feel free to use that as a redneck name if you want.

I am.

Can you give me a suggestion of how you would trade on a $50,000 IRA account?

I have been dabbling with some swing trading and day trading as well on Fidelity.

I mainly trade Berkshire Hathaway for the

past year, but I got out of it after it dropped with Warren Buffett's announced retirement.

Lately, I have been trying to day trade, TQQQQ, and most recently, QQQ. And then he says, yeah, I guess that

probably means it hasn't been the best for him. I've had mixed success, sometimes making money, and most of the time getting stopped out. Anyways, I was just wondering, what is your advice for me and what it would be? I'm looking for another good stock to trade to take Berkshire's place since it has been struggling for the past two months. Thanks a lot. Jimmy from South Kakalaki. Now, he should have said Jimmy from South Kakalaki instead of Jimmy from South Carolina. I like South Kakalaki. I'm not sure if that has some kind of connotation for South Carolinians. But anyways, he says, P.S. I have really gotten a lot out of your videos and podcasts, and I appreciate your advice. Okay, so there's a lot to impact here. He's asking about his IRA account. How would you trade it? But really the main focus here is trading one stock. And is it something that I think that people should do? Not really. And there's a lot of reasons for that. One, you're going to have a lot of dull moments. If you're going to hold yourself to high standards when it comes to taking good trade setups there's going to be a lot of moments where you're not trading at all and so there's going to be a lot of missed opportunities that you could have had in other stocks as well and focusing in just one stock and i think it's kind of amazing that he focused on berkshire hathaway of all stocks. I don't even know, I don't think I've actually ever traded Berkshire Hathaway much less that made it my one and only stock. So kudos to him. I don't know how he did it, but Berkshire Hathaway class A shares that trades for $709,000. I'm assuming that's not what he was day trading. I'm assuming it

was the class B shares at $473, which is a little bit more realistic, especially with a $50,000

account. You can't even trade a $700,000 stock. So you're not always going to have

trading opportunities in a stock.

There's a bull market right now ongoing, but that doesn't necessarily mean every stock is setting up to trade.

So you may have a bull market that's ongoing, but you don't have a good opportunity to take on.

And there's a lot of stocks that don't participate in the bull market.

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