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Start Trading with $100 – Possible?

How much money do you need to start trading? Is an amount around the $100 mark going to be enough? Some of the marketing I’ve seen and heard about seems to imply that having $100 is all you need. Let’s look at the truth behind this.

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Transcript:

Can you actually take $100and grow that into some much bigger amount?Well, let's kind of break it down.I don't want to say I get this question a lotbut I get it enough or I get questionsrevolving around it in one form or another,that I think probably justifies a videoand that way I now have a link to send these people.But it goes something like,hey Clay I have, and then a certain amount of money,and I saw, insert something else,and according to that I can actually make it work.And for this like I said, usually it's a smaller amountbut $100 comes to mind because there's some,$100 from a marketing perspective,that's got a good ring to it.So it's used out there like,hey all it takes is $100 and then you just follow whateverand you can actually make it work.And to be honest, yes, you could make $100into let's just call it $10,000.And that's possible.But the problem with this iswhile it is possibleit's very improbable.Meaning it's probably not gonna happenlike the statistics, the odds are really, really against youbut let's say that you actually beat the odds,let's say that you actually take $100and turn it into $10,000.What would that really imply though?What would that contain you doing?And at its core we have to care about habits.That's what trading comes down toif you watch my videos or listen to the podcast,you've heard me talk about habits over and over againbecause if you have, if you're making moneybut the underlying thing being learned is,okay that was actually really risky,oh wow you made money, sure, but,and then you insert into the blank some sort of bad habit,eventually those bad habits are gonna catch up.So the idea is, (clears throat)I think I'm going through puberty.So the idea is that you wanna be focused on good habitsbecause I mean that's a very simple logic chain.If bad habits are bad well then let's focus on good habits.And there just isn't any wayto get from $100 to $10,000 with good habits.With good habits focused on risk.With good habits focused on analyzing a situationand making sure that the risk is relativeand worth the rewardbecause all you're gonna essentially have to doin order to get,better change colors again.So to get to that $10,000it's gonna take a whole bunch of gambles.Meaning the biggest gamble that's gonna be takenover and over again is just gonna be basically,have you heard before, go big or go home.That is what's gonna have to go into thatif that were to actually happen.Now because it's such a gamblethat's why the probability's really low.For example, sure you could findsome dirt, dirt cheap penny stockand just throw the $100 in there and maybe, just maybeif you hold long enough the thing will explodeand it will all of a sudden turn into let's say, $2,500.Wow, that worked, that was great.I'm gonna take that $2,500 and do what?Well what just worked before?I'm gonna throw it into anotherdirt, dirt cheap penny stock.And you know what, maybe that one even works.Highly improbable but you know what, maybe it works.And now you're at $7,500.Well the past two things, I mean you're getting,wow I'm like a prodigy.I've taken $100 and now it's $7,500.You're gonna go and do the same thing.I'm telling you right nowtaking money and throwing itat dirt, dirt cheap penny stocksand then just holding and hoping it actually goes your way,that's a bad habit,that is not going to be a valid long term trading strategy.And if you don't believe me that's fine.You can go and do it,I guess at the end of the day it's only $100so if you have to learn the hard way then so be it.But that's one way you can do it.Maybe you go and you load up on options.And you're like, okay,I'm gonna throw $100 into this dirt, dirt cheap optionthat's trading for like $.05 a contractand it's going into earnings, so let's see.If you don't understand that going long into earningsis not necessarily a good habit at allespecially if you're buying a five set contractor who knows maybe go to like one of those contractsthat trades for a penny and you load up $100 on it.Sure, maybe in some freak situationyou actually nail it and it goes, and it goes pretty big.Well that worked.What are you gonna do?Well because of the habit that was formedyou're gonna go and do it againor you're gonna do something maybe not exactly the samebut very, very risky and eventually the habit will get yaand it blows up and everything goes back to where it was.So $100, sure, you can take it, sure, you can grow itbut the process, what would need to be done to grow it,especially in an efficient amount of time.I mean if you're sitting there saying,well yeah, I'll grow $100 to $10,000and it's gonna take me 15 years.I mean I would probably argue,why don't you save that number up to a bigger amountand then because the more money you work withthe easier it becomes to make money.So I mean, I bring that upbecause people want to do this alsoin efficient amounts of timeand that's what some people imply, is hey,I took $100 to insert huge amount in only six monthsor in only whatever and it's like,sure maybe you did do thatbut I guarantee you you were recklessand who knows how many $100 that person blew upbefore they actually got it.So I mean sure, but what did they lose?1,000, couple 1,000, before it actually worked out?And at that point it's a matter ofwhy don't you just save up a little bit moreso you can have a greater amount than $100or some smaller amount like that.So that's kinda my take on it.Sure it's possible, highly improbable,and even if you do get there the amount of bad habitsthat you will have implemented into yourselfin order to do that are gonna come back and bite youand I'm not gonna say send you to the poorhousebut it's gonna be a very frustrating experiencebecause bad habits are very annoyingand they're gonna cost you money,especially those bad habitsand that's why it should be focused on good habits,'cause yeah good habits will make you money over timebut none of this is gonna happen quick.It can happen quick but again,big quick is just gonna be a total dice roll, a total gambleand those just are not good habits in the long runbecause like I said, they will get ya.If you are out there trading alone currentlyand maybe are in the market looking for a community to jointo assist you in your trading or to just help you,give you another set of eyeballs,then I do have a private trading communitywhere you can trade alongside meand other experienced traders.So what you see popping up on the screen right nowis both an information link,so if you click on the Inner Circle onethat is going to take you to the pagewhere I explain all the detailsof what exactly come with the community,both the chatroom and the newsletter,and then the other image that is popped upis a behind the scenes tour where you can see exactlywhat is going to be contained within the community.I take you through like I said,a behind the scenes tour of everythingand that way you'll know preciselywhat you are getting when you join.So definitely check that stuff out if you are interestedand thinking about wanting to join a communityand let me know if you have any questions.

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