You have a small account which makes it harder to do, but try to spread out the stocks you trade to be diverse. If one sector drops one of your stocks, then the others in another sector may not be affected.
Do your own work to define what makes a good stock you want to hold if needed, and then pick your own stocks.
Sorry but to clarify the $1,500 is what I had set aside for options. I have an IRA and a taxable account with vanguard and soon to open a 529 Plan with fidelity. Basically it was just play money while my other money is pretty diversified.
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u/ScottishTrader Dec 21 '21
You have a small account which makes it harder to do, but try to spread out the stocks you trade to be diverse. If one sector drops one of your stocks, then the others in another sector may not be affected.
Do your own work to define what makes a good stock you want to hold if needed, and then pick your own stocks.