What I Do When I Have No Money To Make Trades

I am starting to really love that buzz, ya know?! That buzz from when you have a little cash to play with and are searching for the right place in the market to put it.

This isn’t always the case. Many days I have only .22 cents to invest with (really). And other days the stock market just isn’t very happening, or it’s simply closed (how DARE it).

So what to do? Here are a few things I have been doing and maybe you can find one that will help:

• Read. Read up on all the investment blogs and newsletters. You probably have some investing book you bought a year ago you have barely opened, or some classic Warren Buffet book you’ve been meaning to buy.
• Comment. Whatever trading app you use that has a social element (Public is good for this), comment on other users posts – make some financial friends. Trader Twitter and YouTube are good for this too.
• Sell some stocks. Now you have some cash again. This is probably bad advice, don’t use it – truth be told though, I do this.
• Podcast listen. There are plenty of investing podcasts out there. Start finding some and take notes along the way.
• Take notes. Always have a notebook around and right down investment ideas you have and good info you come across.
• Trim. Take a look at what you have and see if you could benefit from trimming some stocks. Maybe it’s time to sell or trim something off and take that cash and put it elsewhere.
• YouTube. Like podcasting, there are a ton of investor YouTubers. I am new to this genre, so I am still figuring out the people I would trust enough to listen to every day – when I get a list going I will post about it here.

From recent viewing experience, even if you don’t have a playlist of YouTube traders yet, you can always watch a Buffet video:

Thanks for being here and good luck with your trading this week! 💵

-Mike

**I also have a newsletter version of Buy When Red.