One of the things I never thought I’d be able to do, given my impatience and my number dyslexia, was trade the stock market.
I’m teaching myself how to trade cryptocurrencies and I’m growing my nest egg slowly and surely. Some days I don’t make any money. Some days I make money.
The one thing I’m aiming not to do is to lose any money. And there’s a very simple mechanism for that. It’s called a stop-loss.
You put your order in, as the asset increases in value, you move your stop-loss up behind it. So at the very least, you don’t lose money and at the very best, you make money. Fabulous little system, the stop loss. This is a great way to grow your nest egg and I started with just £300.
There’s a great resource called The Chart Guys on YouTube that’ll teach you how to do it. Just by watching their videos, I’ve learned how to trade cryptocurrencies and I’m growing my nest egg day by day. It’s great fun too.