From poor student to rich trader: how Timothy Kim made USD 1.32 million in the stock market
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Alice | PROinvest
Reading time 3 Min
The novelty of successful stock trading stories has worn off, yet they are still inspiring. Some just scroll past them, some have doubts, and others get inspired.
Our story today is about one trader who invested in stocks when he was a student and has made a million dollar fortune. It all started with a professor's advice...
From ordinary guy to billionaire
Timothy Kim was a student at Biola University when he heard an important advice from his business course professor. The teacher had long invested in the stock market and was quite successful, until one day he lost USD 60,000 in stocks. What Timothy found curious was not so much the amount lost as the professor's confidence in the future and his desire to continue trading. The professor insisted that this was a very good time to enter trading and that to miss such an opportunity would be the most foolish thing.
Timothy Kim took his teacher's advice, and it was the right call. The 19-year-old student pooled all of his savings (USD 1,000) and decided to invest in stocks. Imagine Kim's surprise when, time after time, his income kept increasing after the each deal. Meanwhile, he did not pocket the dividends, but continued to invest them again and again. Timothy's strategy was to invest in stocks that had the lowest commission rates. In a few years, his income increased several times over. At first, he made USD 1,000, soon it was USD 10,000, and then the profits skyrocketed.
5 Rules of Profitable Trading
To do this, you do not need to have a financier's education. Timothy claims that to make a profit on the stock exchange, it is enough to follow the actions of successful traders and follow a few simple rules
Don't Base Your Decisions on Intuition
Constantly Update Your Knowledge about Trading. Books Are The Best Source Of Knowledge
Copy The Strategies Of Successful Traders
Always Calculate The Risks
Manage Your Capital Competently
How to learn these simple rules and start making money on trading?
Some traders spend a lot of money on training sessions or individual consultations. But, according to experts, this is not always justified. Among successful investors there are those who are ready to share their experience, knowledge and give good advice for free.
The book about investments "A Wise Shareholder Is A Rich Shareholder" is exactly the material with which you can make profitable transactions like Timothy Kim. You will have at your disposal the knowledge of those who have already achieved success.You will learn how to analyze the financial market, select effective strategies, minimize risks, calculate possible returns and much more. Following simple instructions, it will be much easier to get a profit from trading.
The book «A Wise Shareholder Is A Rich Shareholder» is available to anyone who wants income, and is ready to act. It can be downloaded for free for 2 more days. After that, you will have to pay to access the material.