Q: Fortunately, you don’t have to reinvent the wheel to make money trading. There are 4 common trading strategies that you can use. If one doesn’t work for you, try a different one. Here are the most common trading strategies:  Swing/Range trading: With this strategy, you buy and sell stocks that tend to fluctuate often. Buy them when they’re at a low point, then sell them when they reach a high point. Spread trading: This strategy relies on the difference, or spread, between what stocks cost and what buyers are willing to pay for them. A buyer will put in a bid for a stock that’s lower than its value, and you as an investor can swoop in and buy the stocks at a lower price. Then, you can try to sell the stocks for their true value. Fading: To use this strategy, you buy a stock that’s become popular, then sell it when you think it’s reached its peak and buyers are starting to pull back. Momentum/Trend following: With this strategy, you pay attention to a stock’s ebb and flow so you can buy low and sell high. Stocks are the easiest asset to use for day trading, but you can also buy and sell other investments, like bonds, options, futures, or commodities. You might decide to start with stocks and branch out to other investments as you gain experience. Consider what types of investments are attractive to you. For instance, are you looking for stocks under a specific price target? Are you looking for tiny movements in heavily traded stocks? Do you want to stick to stocks you know? It’s helpful to set some performance metrics for yourself. This might include how much money you’re making or losing, how many sells you’re making in one day, and how much your investments varied in price that day. Determine how you will measure your progress before you get started. Consider how often you want to evaluate your progress. Will you review your data daily or weekly? How will you use your performance metrics to be more successful in the future? Although you hope to make money from your trades, don’t risk losing capital you can't afford to replace. Most people lose money when they first get started, and even an experienced investor will lose often. For instance, let’s say you have $2,000 to invest. You might take $1,000 of this money to start day trading. Giving yourself a cap can help you control losses. The stock market is unpredictable, so you’ll see wild swings, unforeseen dips, and inexplicable turnarounds in a stock’s price. Don’t be surprised when things go wrong. Instead, have an exit strategy in place to salvage what you can from your investment. For instance, you might decide to stick with a stock until it’s time for your afternoon trades, or you may decide to sell when it reaches a certain point. Either exit strategy can be valid, as long as you’re planning for it in advance. As with everything else, you should practice day trading before you do it for real. Fortunately, that's easy thanks to modern technology. You can set up a pretend trading account and trade stocks with absolutely no financial risk. TD Ameritrade offers a trading platform called "Think or Swim" that allows you to trade without using real money. It’s normal to hope your investments will make money. However, this isn’t a sound trading strategy. Be sure to plan out your trades using data and a logical plan, then follow through on the actions you plan to take. The best way to make money playing the stock market is to plan your investments based on data. Avoid the temptation to listen to your gut. if you plan to get serious. Day trading is a business endeavor just like any other income-producing endeavor. As a result, you should develop a business plan that includes the following:  A list of the equipment you will need to become a successful day trader. At a minimum, you'll need a fast computer and an Internet connection. You might want to invest in a backup computer just in case there's a problem with your main computer. A list of the training courses you'll take to receive the proper education about day trading. You'll probably want to start with some courses about how to predict trends in stock prices (that's called technical analysis). You might also want to take some courses specific to day trading strategies and how to be manage your money while trading. A projection of minimum profitability over the short- and long-term. A budget that includes expenses associated with day trading.
A: Choose a trading strategy to increase your chances of success. Decide what you want to trade. Plan how you will measure your success. Set aside money you can afford to lose to use for trading. Expect the unexpected and plan and exit strategy. Practice trading to gain experience. Remember that "hope" is not a trading strategy. Develop a business plan

Q: Are you looking for a fun project or are you interested in creating an actual sovereign nation? Think about why you want to create a micronation and what you hope to get out of it. Figuring out what type of micronation you want will help you determine how to proceed. Types of micronations include:  Historical, social, political, or economic simulations Exercises in personal entertainment, fantasy, or artistic expression Models for utopian worlds To ensure you have a complete understanding of what a micronation is and what it entails, do some research on other micronations. Some are created as a hobby, while others are created in earnest. Find more information in books, like Kathy Ceceri’s Micronations: Invent Your Own Country and Culture or Erwin S. Strauss’s How to Start Your Own Country.  You can also find tons of information on the Internet or watch films such as The Mouse That Roared, Moon Over Parador, and The Prisoner of Zenda. Look into other micronations, like The Republic of Molossia, Freetown Christiania, and The Principality of Hutt River. You may want to create a micronation as a fun hobby with like-minded individuals. Or, you may take this endeavor quite seriously with the hopes of achieving independence for your nation. Recognize that there are many hurdles you will need to face if the latter is your goal. Expect to encounter challenges along the way, such as finding citizens, claiming territory, constructing a government, creating industries, establishing an economy, and entering into foreign relations. Your new nation will need a name. Consider your goals when determining a name. If you are just looking to keep you parents from harassing you about chores, you could pick something like “The Nation of Dirty Laundry.” However, if you truly hope to have your micronation taken seriously, choose a more appropriate name, like “The Mountain Republic” or “The Free Island of the Pacific.” Search it up before using it (remember someone else might have chosen this name). While there are many one-person micronations out there, you’ll need citizens to join your micronation if you intend to achieve sovereignty. You can ask friends, neighbors, and family members. You can also find citizens through advertisements or on the Internet through your own website or through micronation forums. If you’re hoping to secede from your parent nation, you’ll need to meet specific statehood requirements. The Montevideo Convention of 1933 defines the four requirements of statehood: you must have a defined territory, a government, a permanent population, and the ability to enter foreign relations. When you meet these requirements, you’ll have a sovereign nation, but you're still considered a micronation until another country officially recognizes you.
A:
Set a goal for your micronation. Research other micronations. Decide how serious you are about this project. Choose a name for your nation. Find citizens to join your nation. Work to meet the four requirements of statehood.