Pattern Day Trader Rules were put in place to protect short term investors.
However, they stand in the way of many retail traders who are trying to grow their small trading accounts.
In this tutorial, I will step a step by step method on how to safely overcome the Pattern Day trader Rule so that we you can start taking your trading and investing to the Next Level.
What is Pattern Day Trader Rule ?
FINRA Rule 4210 is the Pattern Day Trader Rule or PDT in short.
FINRA is the Financial Industry Regulatory Authority in the United States.
At its origin, the Pattern Day Trader Rule intent was to help prevent small investors and traders alike to blow their accounts over short period of time
Who is the Pattern Day Trader For ?
Nowadays with the increase of number of retail traders and volatility in the markets, The Pattern Day Trader Rule has become more of a hinderance than a safety net.
Let’s take a look at the Rule itself.
It is important to note that this Rule in strictly for Margin Accounts.
Your margin account needs to meet the following 3 conditions simultaneously.
Your Execute more than three day trades in a 5 business day window
Your Margin account is Less than $25,000
The amount in day trades is greater than 6% of Total account activity
What Is a Round Trip Trade
This PDT rule is one of the most confusing concept for beginner traders.
Lets bring some clarity to the first point.
What is a Day trade ?
This concept of Day trade is often referred to as a round trip trade executed on the same day.
In means that if you buy to open a position and then sell to close that position on the same day then it is counted a 1 single round trip trade.
Conversely, you can start by selling to open a position and buying to close that same position.
This scenario counts as a day trades as well.
Now lets make it a little more complex.
Imagine you bought 5 JULY16 AAPL 140 CALLS.
That is 5 contracts for Apple 140 Calls expiring on JULY 2021. (third week expiration).
Now you make some money on this position and sell to close 3 contracts on the same day you bought the initial 5 contracts.
This results in one round trip trade.
Should you decide to sell to close another contract on that same day, now you number of day trades increases to 2 !
However, if you decide to hold on to those contract and sell them the next day or 2 days later, the counter of your number of Day trade will remain at 1.
Why Was The Pattern Day Trader Rule Put in Place
Therefore, we can see that as long as your margin account remains above $25000 you can day trade as much as you desire.
This arbitrary number of $25000 does not really align with the spirit of the PDT rule.
Imagine an inexperienced trader who starts with a hefty account balance over 25K, they are just as likely to blow while day trading as a a seasoned trader with a much smaller account.
What Happens When You Get Flagged with Pattern Day Trader Status
When a trading account meets the 3 PDT rule conditions, the broker will issue a Margin Call.
Typically, you will receive a message on your trading platfoem informing you of this condition.
Some brokers will even try to reach you to make sure you are aware of your account status.
I remember receiving such phone calls for the first time many years ago.
I can tell you by personal experience they can be quite intimidating.
One of the direct consequence of a margin call is that you cannot withdraw some of the money in your account for 2 days.
In case of an emergency, you will be unable to count on that money to resolve any immediate financial problem.
What Can You Do To Get Out of Pattern Day Trader Status
In order to bring your margin account into compliance, you have five business to add additional funds to meet the minimum equity.
To illustrate how much money you need to add, lets say your account started above $25000.
As a result of more than 3 day trades in 5 consecutives business day, your account drops to $24000.
The amount to add is always the difference between $25000 and the current value of the account.
It should be noted that the funds can be Cash or any equity you may already own.
Do All brokers Enforce Pattern day Trader Rule
In the United States, all brokers must enforce the Pattern Day Trader Rule.
It has been my experience that the interpretation of the rule may sometimes vary from broker to broker.
My advice is to always ask for clarifications on what a broker will allow you to doin order to avoid any unnecessary surprise.
Pattern Day Trader Work Around in Robinhood
Robinhood traders are the ones who suffer the most from the PAttern Day Trader Rule.
I have witnessed stories from traders in our Discord room who could not take profit on big traders just because they will trigger a Pattern Day Trader Status.
Should you ever find yourself in this situation, please take the profit and deal with the consequences later.
And Here is why ?
The US markets have become so volatile nowadays with the whole meme Stocks Frenzy that you are not guarantee that profit you see at one instant will be there an hour later left alone they next day.
The likes of AMC, GME, SPCE have shown us recently the huge advantage of Day trading over numerous long tern strategies.
Bad Solutions To Overcome Pattern Day Trader Rule
One of the most popular method to workaround the Pattern Day Trader Rule is to have multiple accounts from different brokers.
By the way, do not try to set multiple accounts for this purpose at the same brokerage frim.
They will immediately flag it and let you know that that is not a practice they condomn.
With so many trading platforms in the USnowadays, it is relatively easy to setup multiple accounts.
How to workaround Pattern day Trader with multiple accounts
The idea of this mad technique is that you will have 3 days trade each five days multipled by the number of accounts.
So let’s say have account with Futu MooMoo, E*TRADE and Webull just to name these three we are very familiar with.
Consequently, you now have 3×3 = 9 day trade you can use on a weekly basis.
We learned earlier that the Pattern Day Trader Rules regulates the use of margin accounts only.
A advantage of the margin account is that it increases your buying power significantly.
However, it is often forgotten that trading on margin can lead to you losing more money than you have.
Therefore, for beginner traders, I strongly recommend using a Cash account instead.
Cash Account vs Margin Account
Setting a Cash Only account precludes you from being subject to the Pattern Day Trader Rule.
It also removes the Risk of loosing more moneythat you put into your trading account.
You may or may not have read the horrible studies on some complex trades that have gone wrong and traders ended up owing hundred of thousands of dollars.
Avoid becoming the hero of such next story.
Here is our full detailed video on how to setup your trading account for beginner traders.
Looking for an honest TradeMiner Review? If so, then you have to the perfect place!
Even if you are just getting started in the financial markets (forex, futures, or stocks), it makes perfect sense to put forth the effort and make every effort to be successful.
Attempting to trade blindly on your own, on the other hand, might quickly take you down a path to financial ruin. Finding a professional trader to guide you through the process, on the other hand, is not always straightforward.
In reality, individuals who provide such services demand exorbitant rates for their services. Fortunately, there are websites such asTradeMiner that can offer you the assistance you require to get off to a successful start.
TradeMiner Review – What You Should Know About It
It is a platform to give you insights that might assist you in making realistic investing decisions based on its research.
It is really built mostly on historical data scanning software, which scours prior information and uses it to tell you of the most appropriate options to make at any current moment.
The assumption that previous data has an impact on future patterns is made by Trade Miner in this manner.
We can witness the fact that by studying the previous performance of specific markets, it is always feasible to forecast what the future could hold.
As a result, it is only fair to describe Trade Miner is a platform that is designed to enhance your chances of making profitable transactions. Studies in the past have shown that historical data trading has an accuracy rate of around 80%.
The Packages
A total of four distinct packages are available for TraderMiner.
The first package is referred to as a composite package since it combines the previous three packages into a single tier.
The composite package, which includes information on stocks, futures, and forex, is available for an initial price of $194 and a recurring annual fee of $129 after that.
But what if you’ve already decided on a field of expertise and are solely interested in trends and cycles in that field? In such a scenario, the nice people at TradeMiner provide you with the chance to make your selection.
The standalone stock, futures, and currency packages are all available for purchase for $97 for the first year and $79 each year after that, respectively.
And there’s more – you can always purchase two of these independent packages and receive a third box free of charge. Also included is a 30-day money-back guarantee period, which is in addition to the benefits listed above.
TradeMiner Review –What It Does and How It Works?
In order to use this platform, the first thing you must do is download and install the software. You will be needed to pay a one-time price of $194 in order to gain access to the download link (or $97 in order to access the standalone products).
Fortunately, this program is compatible with all major operating systems, including Mac OS X, Linux, and the Windows operating systems.
The program will basically start scanning marketplaces for you on its own, and it will provide thorough data on patterns and trends as a result of its scanning efforts.
This frees up more time for you to devote to developing a sound trading strategy or participating in forex forums to stay abreast of the newest developments in the market.
Our research has revealed that this program is intended to assist you in reducing your burden by at least 80 percent. Due to the fact that it scans the markets and provides you with ready-made reports, it has become so popular.
1. Market Scans in a Speed
In order to accomplish so, you’ll need to conduct a search for trends or specific symbols using a unique search engine that’s available on this website.
The historical data will be automatically ranked by the system, which will use a proprietary ranking mechanism to do so. The aforementioned algorithm selects the stocks with the largest historical gains and ranks them in order of importance on the list.
The findings are accompanied by a score that ranges from 0 to 5, with 5 being the best. There is a color-coded button next to the score that shows the intensity of the signal for that specific round.
Anything with a score of 4 or above is generally accompanied by a green button, which confirms that it is truly a powerful signal in the first place.
Anything having a rating of less than one star is denoted by a red button. Of course, this means that you should refrain from entering that industry.
2. A Wide Range of Charts
There are four different sorts of charts available on the site. The first and most popular of these is the Historical Equity graph, which displays the general market behavior over a specified time period.
Then there’s the year-by-year comparison, which gives you a bird’s-eye view of the market’s performance over a period of time.
Then there’s the historical risk vs. return chart, which comes in useful when you have to make judgments on the spur of the moment.
Finally, there is the year-by-year trade, which captures all of the trade information you want in order to make informed business decisions.
In other words, there is always a chart that you can utilize to increase your profits.
And, perhaps most significantly, the charts are user-friendly. This means that you do not need to be a charting genius to understand how to make use of them properly.
3. Filtering System with Enhanced Performance
This method does an excellent job of filtering the information. It allows you to concentrate on the elements that are important to you.
There are a plethora of criteria available, including Margin per Contract, Price Range, to name a few.
You can simply filter out the noise whether you’re a penny stock trader or a big-time investor. When you do this, your searches will begin to automatically display you a list of options based on your preferences. Which you can then choose from!
How to Benefit From Trademiner ?
There are a variety of methods in which you may make use of this useful piece of software. As previously said, this system may not be as technologically sophisticated as more expensive alternatives.
As a result, you will still be required to provide at least 20% of the work. Here’s a step-by-step guide on how to accomplish just that.
Checking for Technical Issues
You may quickly and conveniently scan for trades using this technique before selecting the most qualified possible candidates.
The majority of individuals make this decision based on the score and historical average returns. You may simply examine your charts to identify the stocks that have attained the finest technical configurations.
Watching for the Appropriate Moment to Go on Strike
As you are undoubtedly aware, the stock market has a tendency to fluctuate at a breakneck pace. As a seasonal trader, you can always rely on TradeMiner to help you make money.
You’ll be able to keep an eye on the markets and make a decision when the moment is right. You may lose out on the possible profit you could have made by trading all of the time. But you will get an additional degree of security in exchange.
Investing in Options
The most popular strategy for investors to earn money when trading stocks is to simply go long. When the stock prices are low and short when the stock prices are high, as seen below.
Unfortunately, there is always the potential that you may purchase items at a high price. And then sell them at a lower one, incurring a loss. And it is at this point that the potential of TradeMiner’s options trading may be realized.
With the use of options trading, you may now reduce your risk while still retaining a limitless potential profit margin. The TradeMiner algorithm, which is based on historical data, assists you in identifying the appropriate types of options to trade.
Buying and Selling Pullbacks
Sometimes the most profitable method to profit from a transaction is to just wait for the trend to reverse. Unfortunately, it is extremely difficult to determine when a pullback trend is about to take over using conventional trading techniques.
Using the TradeMiner method, on the other hand, it is feasible to keep an eye on seasonal trends. To hop on board as soon as the prices begin to follow the direction of their historical trend.
Double-Checking All of the Details
It is possible to use Trade Miner as a backup system if you are currently a member of another stock or FX trading website that offers you trade settings.
You’ll be less likely to get taken in by misleading signals this way, too.
What Kind of Trader Would Benefit the Most from Using the TradeMiner ?
Beginner traders appear to be the primary audience for Trade Miner. A thriving education center, which will give you the confidence you need to begin making lucrative movements right now.
As a result, we believe this is an excellent platform for anybody interested in learning the fundamentals.
You may not find much use in TradeMiner if you are an advanced trader, as the odds are that you will be.
For those who want to cement their approach and increase their confidence, this historical scanning tool will be quite useful.
TradeMiner Subscription Cancellation
30 days before renewal, TradeMiner subscribers are notified via email, and they have the option to discontinue their renewal subscription at any time.
Following the completion of a TradeMiner Data renewal transaction, there are no refunds available. Call at 800-862-7193 or 435-752-8026 at any time to discontinue your subscriptions or services.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
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The popular Microcap Millionaires investing program, run by Matt Morris, may be precisely what you’re looking for if you’re seeking to get started trading penny stocks and want to enhance your chances of success along the way.
Microcap Millionaires Review | What Exactly is Microcap Millionaires
Trades in small-cap stocks, often known as penny stocks, may be extremely profitable due to the high level of volatility in the market and the low price per share you pay.
Not to mention the modest amount of initial money required. Furthermore, if you have the necessary experience, you may frequently generate large profits in a relatively short amount of time.
What Is Microcap Millionaires ?
Unfortunately, microcap stocks are infamous for attracting scam artists, making it all too simple for investors to get taken advantage of and lose money.
The business promises to be able to give guidance on the best techniques for trading small- and mid-cap companies. Is it, however, worth all of the hype? Sometimes all it takes is a simple examination to uncover the truth, and this is one of those instances.
Simply put, this is a stock selecting service that is available on a subscription basis and is targeted at investors who are interested in trading microcap firms.
Beginning operations in 2008, the firm now has over a decade of experience behind it. It now has thousands of subscribers, which is impressive. This demonstrates that a large number of people have confidence in this service.
Ultimately, the program’s objective is to provide traders a competitive advantage in the penny stock market by teaching them the skills they need to succeed in the market.
On a weekly basis, Microcap members receive notifications on the best penny stocks to purchase and sell through the use of an online newsletter template.
The top choices are selected based on Matt’s considerable trading expertise in penny stocks, ensuring that you receive the highest possible profits in the shortest period of time possible.
Is Microcap Millionaires Good for Beginners?
Microcap Millionaires, in contrast to other services of a similar kind, are created with all levels of traders in mind, including intermediate and seasoned professionals.
Beginners, on the other hand, will get significantly more knowledge from this book because it covers so many fundamentals of penny stock investing.
As an example, as a novice, you will learn how to monitor the market objectively, how to expose yourself to price changes, and how to develop profitable trading strategies in order to succeed.
Additionally, the program is designed for those who have a modest trading account and want to expand it into something much larger.
The service will be beneficial to traders, as well as people who do not have the time to sit in front of their screens all day following stock movement.
However, individuals who have day jobs will gain the most from the service.
This is due to the fact that Matt generally takes care of everything for you, so you don’t have to spend the entire day on the computer.
The Most Important Features of Microcap Millionaires
Weekly Selections
When you join up for the Microcap Millionaires program, you will receive weekly stock recommendations in the form of an email that has the potential to help you earn substantial profits.
The selections include short-, medium-, and long-term equities to purchase or sell, which makes the program ideal for both short- and long-term investors, depending on their objectives.
In addition, Matt will advise you on the best time to purchase or sell, as well as at what price. Essentially, weekly choices are intended to remove the element of surprise from the situation.
Participation in a Forum
In addition, the program includes a private members’ forum where users may interact with other traders who share their interests. This is a feature that only a small number of stock selecting newsletters provide their subscribers.
Beginners will be able to learn additional trading methods from more experienced traders in this setting.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
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Furthermore, by participating in the forum, you will be able to choose from a larger pool of options provided by other users.
While there are occasions when choices from other traders are as excellent as or even better than those from Matt, you must exercise extreme caution while doing so.
Furthermore, the forum is a fantastic platform from where you can get all of your issues addressed as quickly and efficiently as possible.
Technical Analysis
Another excellent aspect of this service is that for each stock Matt suggests, he generally includes a technical analysis explaining how he arrived at his conclusion.
This is a valuable addition to the service. As a result of this research, you will have greater confidence in Matt’s weekly stock choices as a result of the many reasons he chose the specific stock.
You will also be able to observe the selection process for penny stocks, which will be very interesting. Consequently, if you opt to go it alone, you will have a very simple journey ahead.
Keep a Running List of Things to Watch
In addition to the weekly choices, the platform provides a watch list of several stocks that have the potential to be successful in the near future.
This is intended to offer you an idea of which stocks may be the next big thing, as well as which ones to avoid in order to prevent making losses.
Educational Materials
As a member of the platform, you will have access to a comprehensive range of instructional tools designed to help you learn more about trading microcap stocks from its founder.
A large number of in-depth and educational films are available, detailing the many techniques Matt employs when making his stock selections.
In addition, fundamental concepts like money management, technical analysis, and resistance are covered in the films.
There are also a plethora of downloadable reports that include information comparable to that contained in the videos.
As a result, this will assist you in understanding how and why Matt selects the stocks that he chooses.
As an Added Bonus
According to Matt Morris, after you participate in the program, you will get instant access to the Penny Stock Strategy guide.
The course, which is exclusively available to members, offers essential information about trading small-cap stocks and is only accessible through the members’ area.
It also contains additional ideas and guidance that will be beneficial to both novice and experienced investors.
Furthermore, if you sign up for the service before the summer sale period ends, you will receive a discount of about 50% on your subscription fee.
As a result, rather than paying a $97 monthly membership fee, you will only pay a $49 monthly fee.
This is advantageous since you will still be receiving all of the benefits of the $97 monthly fee.
How Does Microcap Millionaires Work ?
Members of Microcap Millionaires are assured of getting newsletters outlining Matt’s newest choices through e-mail as long as they remain active members.
According to Matt, he typically does extensive research on a variety of stocks before making a choice based on his instincts, results, and previous expertise as a microcap trader on the stock market.
All of the key information you need to trade successfully is summarized in the email.
Sign up for the newsletter now!
Additionally, it sends you alerts when certain stock entry and exit points are reached, so you don’t have to rely on guessing.
Normally, when all subscribers receive email notifications on which stocks to trade and then act on them immediately, the stock prices rise by around 20 percent on average.
As a result, they are able to realize significant profits.
How To Profit From Microcap Millionaires
By quitting the deal, on the other hand, the prices are returned to their previous levels.
As a result, the higher the number of subscribers, the greater the influence that they will have on the stock price after the alert is sent out.
The majority of Morris’s gains, on the other hand, are only realized if the stock acts precisely as Morris said it would.
This is the greatest part: all of his selections are backed by background information on why he selected them, allowing you to feel certain that they have the potential to convert.
Is Microcap Millionaires a Worthwhile Investment, or Is It a Waste of Money?
As you have just learned from reading this Microcap Millionaires review, there is far more to gain from investing in Microcap Millionaires than there is to lose.
My own experience with the newsletter has been overwhelmingly favorable, which is consistent with the majority of the evaluations on the website.
The bad aspects of the experience are completely attributable to the lack of regular alerts regarding what is going on with the stock exchanges at any given moment in time.
Consider combining Microcap Millionaires with another newsletter that can assist you in staying on top of stocks as they move while still employing Matt Morris’ techniques for managing them if that is something that interests you.
Is Microcap Millionaires Reliable ?
One of the most crucial aspects of obtaining financial gain from penny stocks is being aware of what is occurring as it occurs.
Most significantly, the Microcap Millionaires newsletter is a dependable source of information. It’s a dependable system.
It will not try to deceive you or keep the finest selections or methods for success hidden from you.
Because this is essential for you whether you are learning about penny stocks for the first time or have years of expertise in the market.
Investing in penny stocks requires little time commitment and carries little risk.
The Bottom Line
Microcap Millionaires is more than just a stock picking service.
It is also a regular email-based newsletter that aims to teach its subscribers how to identify legitimate small-cap stocks.
These are undervalued and trading for pennies on the dollar, as well as when these stocks are poised to make huge gains.
It is possible to start picking winning trades even if you do not have much or any trading experience.
If you are a beginner investor who does not yet have much or any trading experience, this program is perfectly fitting for your circumstances.
You can use this newsletter and guide to get started picking winning trades even if you do not have much or any prior trading experience.
One of the most practical and entertaining methods to learn about the financial markets is through listening to investing podcasts.
Podcasts may be listened to in any location—at work, during breakfast, or at the gym.
If you invest in podcasts, you can passively learn while doing other things.
There has never been a better moment to learn and explore in the podcast market, which is projected to exceed $1 billion in 2021.
We’ll explore 10 of the finest investing podcasts for beginners in this post.
What Are Investing Investing Podcasts ?
Saving money that you might need in the near future is a good idea.
But if you’re thinking about your finances for the long term, you might want to consider investing it instead.
Investing, in general, is simply putting money into vehicles that have a greater potential for growth than a standard or high return savings account.
Although mutual funds, exchange-traded funds, and bonds are all good options, you may want to invest in stocks.
This is even more true if you’re new to investing.
While investing has the potential to increase your money more quickly, it also entails taking on a greater degree of risk than you’d get from a savings account or a certificate of deposit account.
Benefits of Investing Podcasts
Because finding the proper assets that match your goals, time frame for investing, risk tolerance, and risk capacity is so crucial and you should strive to avoid investment decisions that don’t meet those criteria.
In the event that you want investment advice, you may seek it from a professional financial adviser.
It is also feasible to benefit from experienced market knowledge without incurring any costs.
Podcasts about investing may teach you all you need to know about building a successful portfolio.
Motley Fool Money by the Motley Fool – Best Stock Market Podcast
There are literally over 8000 thousands stocks on the New York Stocks Exchange alone.
A breakdown of all the market news, along with commentary from Fool analysts, can be found in Motley Fool Money each week.
They examine all potential mitigating variables and take them into consideration when evaluating Wall Street’s effect on investors. This is a good location to go when you need a summary of the week’s market action all in one spot.
You can trust anything that the Motley Fool delivers, and this podcast is no different.
There are a variety of reasons why people listen to Motley Fool Money.
Some of these people are just tuning in to learn about what aspects may influence their portfolio.
Others are just interested in catching up on the latest news, or they may want a stock choice or two to investigate themselves.
We Study Billionaires (The Investor’s Podcast Network)
This podcast, hosted by Stig Brodersen and Trey Lockerbie, takes a close look at some of the most prominent figures in the financial world.
Such as Warren Buffet and Howard Marks, in great depth.
The hosts will frequently dissect the careers of well-known investors such as these, offering concrete advice that you can apply in your everyday life to improve your financial situation.
The variety of subjects addressed in the podcast ensures that there is something for everyone.
As they cover topics ranging from commercial real estate to hedge funds, Stig and Trey make certain that all of the bases are covered.
Therefore the listeners may get a complete picture of where the financial markets are at the moment.
Furthermore, the hosts are regularly joined by some of the world’s most prominent financial professionals.
They share their expertise and insight into current market concerns with the audience.
The Stock Club team examines the latest market news, pitches stocks from their shortlist on MyWallSt.
This investing podcast demystifies the stock market through the use of the jargon buster portion of the website.
What distinguishes this podcast from the others on this list is that it is applicable to investors of all experience levels.
These two gentlemen converse in a laid-back manner about the latest hot issues in the stock market,.
Their goal is to dissect some of the stocks that are available via our subscription service.
Then they proceed to answer questions concerning themes or ideas that are intimidating to the novice investor.
The only way to understand a REIT is to have it explained to you with an Irish accent!
So come and join the MyWallSt investing team as they gather around a table to talk about the businesses and techniques that influence their investment decisions.
Mad Money w/ Jim Cramer – Best for Expert Financial Opinions
CNBC presents this podcast, which is hosted by former hedge fund manager Jim Cramer.
The host is mostly concerned with the success of various companies and the prospective performance of their stocks.
Jim has a wealth of knowledge and expertise in the financial markets, and he is also the creator and primary contributor to the prominent investment website TheStreet.com .
As host of the Mad Money podcast, Jim seeks to educate investors to the point where they are confident enough to make financial decisions for themselves.
The best part about this podcast is that it includes a video component as well, which is ideal for individuals who want to watch and listen while at home or even while running on a treadmill at the same time.
Jim and the Mad Money crew also frequently break down market news, most notably examining the impact that Boeing’s new planes had on the company’s stock price.
Explained in terms of economics: A straightforward mission, but a complex execution.
Planet Money has been on the air for more than a decade and has more than 900 episodes in its archive to its credit.
Two episodes of Planet Money are released each week by NPR.
Fresh episodes are occasionally mixed with historical programs from the archive.
Its breadth of subject matter and depth of information are unparalleled.
The podcast is equally useful to novice investors as it is to seasoned investment bankers with a wealth of expertise.
When it comes to teaching something dull in an entertaining way, Planet Money does an outstanding job of doing it.
It attempts to make economic theory understandable to the general public by employing these absurd case examples to emphasize the importance of complicated underlying concepts.
Business Daily by BBC World Service – Best Market News Podcast
Business Daily is a daily news segment in which the BBC delves deeply into a certain news issue.
These subjects range widely, from the alarming levels of consumer debt in China to the rising impatience of Uber shareholder.
However, each episode aims to provide you with your daily dose of information on the state of the international economy.
Even for a daily podcast, the level of care and attention to detail is extraordinary.
A typical episode includes in-depth reporting, expert opinion, and interviews with individuals who are on the ground, as well as professionals within the business.
Connecting to Business Daily during your daily commute is a proven method to get your mind in the mindset of an investor.
Sam Marks and Johnny FD, two self-made billionaires, host the Invest Like a Boss podcast.
If you love listening to informative conversations with top company leaders and industry innovators, Invest Like a Boss is a wonderful podcast for you.
The podcast covers a wide range of issues that are commonplace, but it also delves into some esoteric areas, such as peer-to-peer lending, real estate, and even cryptocurrencies.
Sam and Johnny hope to give investors exclusive expertise by conducting interviews with various specialists.
They also publish the results of their interviews on their websites.
Furthermore, the hosts periodically release ‘one-off’ podcast episodes in which they discuss themes that are both entertaining and informative, such as ‘Sam’s Top 10 Biggest Investment Mistakes.’
This podcast is a favorite of many people all around the world because of the intriguing interviews and down-to-earth tone that it maintains.
Masters of Scale by Reid Hoffman – Best Investing Podcast Host
In addition to being one of the co-founders of LinkedIn, Reid Hoffman is also the former Chief Operating Officer of PayPal (NASDAQ: PYPL) and a partner at Greylock Partners.
He also serves on the boards of directors for several companies, including Airbnb, Convoy, Edmodo, and Microsoft (NASDAQ: MSFT).
I know what you’re thinking: why does this man need to produce a podcast in the first place?
The explanation is that he isn’t required to do so; he just enjoys doing so.
It is the host’s contention that the podcast’s concept is based on that particular viewpoint.
Reid Hoffman sets out to define and verify hypotheses that explain how exceptional entrepreneurs take their firms from nothing to a gazillion dollars in an inventive manner, according to the podcast’s description.
Invest Like the Best with Patrick O’Shaughnessy – Best for Advanced Topics
Mr. Patrick O’Shaughnessy has extensive experience in the financial sector, having created his own asset management firm and served as its CEO for a number of years before that.
Patrick hopes to make more complicated issues more accessible by drawing on his extensive knowledge and professional experience.
Guests on recent podcasts have ranged from multi-stage investment firm managers to company CEOs, all of whom were eager to offer their thoughts on current market developments.
On top of that, Patrick will frequently give insightful commentary on subjects from the perspective of an asset manager, providing you an understanding of how high-level executives think when it comes to investing.
Furthermore, podcast episodes will frequently be devoted to the analysis of a single firm in particular, with the most recent episodes focusing on Alibaba and Shopify.
The podcast’s goal is to educate listeners with the information they need to make informed investment decisions through these talks.
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The line up in tradeable cryptocurrencies is very large from Bitcoin, Ethereum, Binance Coin, XRP, Tether, Cardano, Dogecoin, Polkadot to the most obscure TenX, Odyssey , Gemini Dollar or Bytom just to name a few.
Futures
Though I have never traded futures, I find it interesting that that more and more traders who come to options trading have some backgroun in futures.
Should they be your cup of tea, you will be able to dance with the E-mini Dow, E-mini NASDAQ 100 and the E-mini S&P 500 as well as the VIX index, the E-mini Russel 2000 and the E-mini MidCap 400.
Metals traders will delight in gold, Micro silver and silver itself.
While the energy connoisseurs have the choice between Crude oil, RBOB Gasoline and the Henry Hub NAtural Gas.
Forex
Based on the online searches, I believe Forex is one instrument that is traded around the globe.
The choices inside Moomoo trading platform may see a bit limited for the more advanced traders.
In fact, I could only 10 pairs offered while courting the RMB Forex and International Forex sections
Index Trading on Moomoo App
Index trading is the new way of investing going forward.
It reduces exposure to single stocks while providing some diversification.
As a result, more and more investors are leaning towards these relatively new instruments.
AMERICA
ASIA
EUROPE
S&P 500 Index (SPY)
Hang Seng Index
UK FTSE100 Index
Dow Jones Industrial Average (DIA)
Hand Seng China Enterprises Index
German DAX30 Index
Nasdaq Composite Index
Hang Seng China Affiliates Index
FranceCAC40 Index
SSE Composite Index
Netherlands AEX Index
Shenzhen Component Index
Italy FTSEMIB Index
List of Index offered on Moomoo Trading Platform
Is MOOMOO Trading App Safe
If you have nay concerns about the security with FUTU as a broker, you can rest assured.
We learned earlier that investing.com itself is a Partner helping them with this introduction to the US markets.
Secondly, the company is listed on the New York Stock Exchange.
Thirdly, it has to pass all the check marks with FINRA.
Lastly, your account is protected the Securities Insurance Protection Corporation SPIC’) which provides some protection over your cash.
How Intrusive is the Moomoo App
For those you may concerned about running a progressive trading App on their phone, I ran this test to compare how much memory
space Moomoo App uses on my Galaxy Note9.
CURRENT INSTALLED APPS
Memory Used By APP
TradingView
53 MB
Investing.com App
83 MB
ZOOM
140 MB
Instagram
175 MB
Webull APP
202 MB
Twitter
289 MB
MooMoo Trading App
303 MB
Memory Space per App on My Galaxy Note9
As shown on the table above, Moomoo App uses a bit more storage space than Webull App.
However, this should not make you shy away from it especially since I will be revealing soon the one thing that will totally make it worth it.
How Much Does It Cost To Trade On MOOMOO App ?
The philosophy of Moomoo trading App is to bring trading to the masses.
As such, gone are the heavy fees just like its US counterparts.
Moomoo Platform Fees
Futu Inc lists fee schedule for US residents that are more attractive that for non US residents.
Commissions for stocks and ADRs are $0.
There are some small regulatory fees that are correlated to the number of transaction amounts.
How much does it cost to Trade Options on Moomoo App ?
With zero commission on options trading, many traders will welcome this newcomer into the arena.
The cost per contract fee is in line with the other US brokers at $0.65.
The Moomoo App has a “#What’s New” section where you can all the latest and greatest features.
How do you get there?
At the bottom of your Trading App, click on the “Moo” icon and then click on Moo features.
One such recent added feature is the US and Hong Kong Stock Short Sale Analysis now available on Macv11.9.
This feature drew over 51000 traders’ views in less than a month and here is their approval of this addition.
Community
Users can now change their community window size and upload their own video .
There is an on-going #MooMoo US Stock Paper Trading Competition Forum.
The prize is not a small token prize.
Indeed, you can win share of the high flying NVDA stock.
After their recent 4:1 split, NVDA stock is trading at almost $225.
MOOMOO STREAMS
Another recent set of upgrades brought the following features.
US National Exchange Order Book
US Stock BBO Switch
Level System for US Stock Quotes
Stock Heat Map of Portfolio Rankings
Multi period Capital Flow trend
From the crowd view of 67000 traders, the majority of the votes went to the US National Exchange Order Book.
There you can see the importance of a trading community with the ability to get instant feedback on the tools that will help you in your trading with the Moomoo app.
Does Moomoo Offer Fractional Shares?
As of this writing, Futu Moomoo does not yet give traders the ability to buy fractional shares.
This is well awaited feature that I have seen many trader’s request.
So, you may have to wait a little bit longer before you can buy fractional shares on Moomoo.
If you are looking to invest in high dividend paying Canadian stocks, then you are in the right place.
This article will bring your out Top 10 Best Canadian Dividend stocks from the perspective of an investor looking to diversify their geographical exposure.
Is It Worth Investing in Canadian Dividend Stocks
If you are hailing from Ontario, British Columbia, Quebec or Alberta provinces you may be browsing online financial publication in search of Canadian investment opportunities.
I know this because I have had the questions live on this very blog Successfultradings.com from such readers north of the border.
I take this opportunity to greet the other regions as well as the readership of this blog is not limited to just the ones above.
So, Saskatchewan, Manitoba, Nova Scotia, Newfoundland and Labrador as well as New Brunswick residents, I appreciate all your support.
Or simply, you are seeking for geographical diversification into your already existing portfolio.
Whatever circumstances led you to this article, I will try to provide enough insights into the Top 10 Best Canadian Dividend stocks.
Where Do you Buy Canadian Dividend Stocks ?
I know first hand how difficult it may be for Canadian based traders to get access to reliable brokers without paying for hefty fees.
I have helped many traders in trying to create US based investing accounts with the leading platforms but some restrictions still make it diffucult or near impossible.
Therefore, if at all possible, it may be best to evaluate your frequency of trade to determine if it will be best to access the New York stock Excahnge or the local Toronto one.
The one good thing about modern investing is that company have listing globally so the best opportunities can be accessed by all investors regardless of their location.
Best Canadian Dividend Stocks To Buy in 2021
Given the above observation, I compiled all available dividend stocks on the US stock market.
As of this writing, there exactly 66.
To answer the question about the value of these Canadian dividend stock, let us scrutinize the following statistics.
The sectors distribution is the first noticeable fact in this list of best Canadian stocks to buy and hold forever.
Financials account for the majority at 40%.
Then comes the Energy sector at 18% while basic materials (13.45) and Industrials (12.6%) complete the Top 4.
The main takeaway is the diversity across a wide range of industries.
This means that depending on your personal investment goals and preferences, you can easily find suitable assets to buy your portfolio on.
Even more important is the fact that these companies are mostly large Caps thus they are very reliable with a proven record of financial results.
Highest Paying Dividend Stocks in Canada
Typically, investors tend to contrast growth stocks with dividend stocks.
However, in the case of these leading stocks from Canada, we can see that it is possible to get the best of both worlds.
Meaning, they provide both value and growth as depicted in the view below.
The chart above is comparing the basket of all top Canadian Dividend stocks to the S&P 500 or its Exchange Traded Fund SPY.
While the average dividend comes in at 3.18%, the performance over the one year period of 38.6% is quite attractive.
Even better, the PEG (Price to Earning Growth ) flashes a nice 1.65.
We know well that past performance alone is not indicative of future performance thus the EPS over the next year of 11.54% or even further over the next % years at 11% is worth your attention.
It is from this pool of stocks that we are going to pick the Top 10 Best Canadian Dividend stocks.
Our hope is that we will be updating this information over the years to include better opportunities.
In the meantime, no matter when you are reading this article, you be able to enjoy the most recent quotes for each one of these stocks.
The charts below are interactive s that you can change the timeframes to visualize them over any period of time you so elect.
Enbridge Inc | ENB.TOR
Starting with Enbridge In, our #1 Top Best Canadian Dividend stock, we will provide excerpt overview from Finviz.com describing the activities for each company.
ENB Stock Sectors of Activity
Enbridge Inc. operates as an energy infrastructure company.
The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream,
Gas Distribution and Storage, Renewable Power Generation, and Energy Services.
The Liquids Pipelines segment operates pipelines and related terminals to transport various
grades of crude oil and other liquid hydrocarbons in Canada and the United States.
The Gas Transmission and Midstream segment invests in natural gas
and gathering and processing facilities in Canada and the United States.
The Gas Distribution and Storage segment is involved in natural gas utility
operations serving residential, commercial, and industrial customers in
as well as natural gas distribution and energy transportation activities in Quebec.
The Renewable Power Generation segment operates power generating assets, such as wind, solar,
geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe.
The Energy Services segment provides energy marketing services to refiners, producers, and other
customers; and physical commodity marketing and logistical services in Canada and the United States.
ENB Stock History
The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998.
Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
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Finviz is a great tool for both fundamental and technical traders. In this tutorial, we will show you our step-by-step guide on How to Use Finviz for Penny Stocks analysis. How To Use Finviz for Penny Stocks | Finviz Overview Finviz is a web based platform for traders who want to leverage fundamental and technical analysis for help with their investing or trading. Elite Features It comes with a free version accessible to all and a paid version know as …
Technically, using your assets or money to create more money is defined as investing. Not only money but anything that can generate a remarkable return is called investment. If need be, we will provide major reasons today why investing is important in 2021 and beyond. Why is Investing Important in a Time Such As This We can say, your savings account that is generating 2% interest is a kind of small investment. In general, when people usually talk about investing, …
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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 354 thousands of barrels per day of NGL fractionation capacity, 21 millions of barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.
The price of this stock is still very affordable in the low 30’s.
What To Look Forward to :
The next 5year EPS is projected to be be over 24%.
Plenty of room for growth for this small size company of less than 2700 employees.
BCE Inc. | BCE
BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services. The Bell Wireline segment provides data, including Internet access and Internet protocol television; and local telephone, long distance, satellite TV service, and connectivity, as well as other communications services and products. This segment also buys and sells local telephone, long distance, data, and other services from or to resellers, and other carriers. The Bell Media segment provides conventional TV, specialty TV, pay TV, and streaming services; and digital media, radio broadcasting, out-of-home advertising services. It owns and operates approximately 35 conventional TV stations; 27 specialty and four Pay TV channels; 3 direct-to-consumer streaming services; 109 licensed radio stations; and websites. The company was formerly known as Bell Canada Enterprises Inc. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
For a company that has been around before the 1900’s, one can only infer the robustness of its business model.
What To Look Forward To:
The telecommunications industries is about to enter an era of growth with tons of innovations brought forth by the expansion of 5G Technologies.
Video Summary of the Article
TC Energy Corporation | TRP.TOR
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 93,400 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,200 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Quebec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small businesses and commercial customers, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 952 branches and approximately 3,540 automated banking machines in Canada; and approximately 1,400 branches, 5,200 ATMs, and 22 contact centers internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments. The Wealth and Asset Management Businesses segment provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks. The Insurance and Annuity Products segment offers deposit and credit products; individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life and financial reinsurance, and fund management businesses. Additionally, the company holds and manages oil and gas properties; holds oil and gas royalties, and foreign bonds and equities; and provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through non-regulated renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with generating capacity of approximately 2.1 gigawatt; and regulated electric, natural gas, water distribution, and wastewater collection utility systems. It serves approximately 306,000 electric connections; 371,000 natural gas connections; and 409,000 regulated water distribution and wastewater collection utility systems in the states of California, New Hampshire, Missouri, Kansas, Oklahoma, Arkansas, Georgia, Illinois, Iowa, Massachusetts, New York, Arizona, Texas, and the Province of New Brunswick. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
It is very cheap at $16 despite doubling over the last past 5 years.
What to Look For:
As the price breaks above $20, more institutions will start adding this steady Dividend provider into their portfolios which then will trigger even further growth.
TELUS Corporation | TU
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Wireless and Wireline segments. The Wireless segment offers a range of telecommunications products and services. Its wireless products and services include network revenue comprising data and voice; and equipment sales from mobile technologies. The Wireline segment includes data services revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; customer care and business services; healthcare solutions; and home and business security, agriculture, voice, and other telecommunications services. It has 16.0 million subscriber connections, which include 9.0 million mobile phone subscribers; 1.8 million mobile connected device subscribers; 2.1 million internet subscribers; 1.2 million residential voice subscribers; 1.2 million TV subscribers; and 707,000 security subscribers. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was founded in 1993 and is headquartered in Vancouver, Canada.
Almost $1 of Dividend for holding a $22 stock is very lucrative in an industry that is full of innovations in the future.
What To Look For:
Further acceleration of the yearly revenues numbers as the pandemic did not stifle the recent 5 year trend.
Canadian Natural Resources Limited | CNQ
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, SCO, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, SCO, and NGLs reserves were 13,271 MMbbl; proved natural gas reserves were 9,465 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 15,922 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; correspondent banking and online foreign exchange services; and cash management services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
Are you looking to profit from the next meme stock to mirror the recent run of AMC, GME or WEN ?
Before you do, allow you me to take your through the recent stock market meme trend.
Are meme stocks trading a real opportunity for investors or a big distraction from more serious catalysis ?
How To Profit From Meme Stocks Trading
The word “meme” has a French root that means same, similar or identical.
A common French phrase that uses this word is “Je voudrais la meme chose” which translates to “I would like the same thing”.
From this definition, we can extend the definition of meme stock to copy cat stock.
In recent years, social media “memes” have become a source of entertainment and distraction.
The concept is about re-editing an image or small video to poke fun at someone or something.
The above stock market meme illustrates two different approaches to investing.
On the top, the buy and hold investors end up with a more luxurious boat than those who could not sustain the sell off and thus sold in panic to preserve their investments.
What Is a Meme Stock
Meme stocks are stocks that have gone through hard times and then staged massive rally because of speculative positions by bears and bulls.
The value of a stock is often derived from the fundamental of its operation as well as forward looking metrics.
So when a stock goes down like GME, you can understand it as future prospects of revenue, customer growth and ultimately profits are not too rosy.
Quite often the reason for this could be because the technology that company uses is outdated or the competition is just too fierce.
More commonly if a company sells a product that is not is high demand well that does not bode well for that company long term prospects.
Such was the case for GME and AMC stocks.
The first one sells video games in a digitalized era where everything is available online at the fingertips on everybody.
The other one was hit by the pandemic that brought lifestyle changes with social distancing and all that ensued.
Very few people would venture into movie theaters albeit we all could have used the distraction during these trying times.
How did Meme Stock Frenzy Start ?
The description above does not address other force at play in the stock market.
And that is high level of specualtion.
You may be familiar with the more common buying speculation.
However, there is the bearish equivalent of that :
It is called short selling.
Short Selling Gone Wrong
Short selling consists of borrowing a stock from someone who has it and selling it in the open market.
Typically your broker owns stocks to facilitate transaction liquidity.
Imagine you study a company and think that its future is not looking all that good.
Your conclusion may that be for the above mentioned reason or else.
Your plan is to buy back the shares you sold at a much cheaper price later.
Then you will return the borrowed shares to the original owner.
To make it plain here is an example on how Short Selling works:
You borrow XYZ stock at $100 and sell it at that price in the Open stock market
Some time passes by and XYZ stock is trading at $80
You then buy it at $80 and return it to the person you borrowed it from
Your profit is ($100 – $80) = $20 not counting the Interest you paid to the lender
In case you are wondering, Short selling is perfectly a legal activity or investment technique.
Of course it is highly speculative.
Because what is the stock you short never goes down and instead start going up ?
Short Answer: Your Losses can be infinite.
Here is how.
High Short Interest on GME
Because you need to buy the stock back in the open market at whatever the going price is.
With your short position, the higher the stock goes the more you loose.
In the case of GME, a group of retail traders in reddit called r/WallStreetBets noticed that the volume of shorts was unusually high.
You can find the short interest on any stock using the Webull Analysis tab on the Webull App for instance.
Here is what it looks like for NVDA stock.
The data is published every two weeks along with the accompanying days to cover chart.
The reddit r/WallStreetbets group got organized very quickly.
They propagated this inform through social media so that more traders could join their movement.
Their objective was to take on the short seller and force the later to covering at very high price for the stocks.
What ensued was an extraordinary rally that took GME stock from $65 to $483 in just 5 days of trading .
Basically, that was the birth of meme stocks.
Why Are Meme stocks Growing ?
Galvanized by this great success, these traders set their eyes on other stocks to duplicate the same results as on GME stock.
Remember how I used the word copy cat earlier at the beginning of this discussion ?
Now, it all make sense what has been transpiring in the the stock market meme where any stock has the potential to rally big based on short selling volume and the number of retail traders interested in it.
More and more retail traders are attracted by the dream of becoming millionaires through meme stocks.
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Well , I failed to mention that the 52-week low for GME was $3.77 prior to that spike to $483.
This means that if you had $1000 invested in GME stock from $4, you would have multiplied that by up to 120 thus turning it to $100000 in less than a year.
This is the new Wallstreet dream for many.
This is the reason why so many on social media are joining the movement on a wide range of stocks whose fundamentals doe not command such high price.
Everyone is aware of its but in the name of speculation, money is being poured into these meme stocks day in an day out.
How To Identify Meme Stocks
In case you are just now joining the band wagon or wondering how you can get started, the following sections will definitely bring those answers.
Are all Meme Stocks Equal ?
My observations have been that not all meme stocks are equal.
I have seen a number of stock spike briefly but failed to sustain the rally GME or AMC stocks have had.
Therefore, you ought to keep that in mind as you partake in this endeavor.
Where To Find the Next Meme Stock
In trying to identify stock meme, I have come up with a simple detailed video.
You will learn how to setup very simple filters to help you decipher stocks opportunity within the stock market meme niche.
Here is a Time Stamp of the video to help through its navigation:
00:00 Intro of the video
01:38 Finviz Screener for Day Trading
03:07 How to trade Gangsta Trade
07:28 Finviz Screener For Swing Trading
11:12 Finviz Screener For Meme Stocks Trading
15:05 #SAVA Stocks
Our List of Best Meme Stocks For Month To Come
You can start by creating a watchlist of Meme Stocks from the results of your screening using the above video.
Here are some of the stocks we have in our Short squeze meme stocks.
My suggestion is to create intraday alerts for them such that you ready to day trade them whenever one of them starts trending.
Given the large volatility in these meme stocks, my daily alerts are set at least for 3-4% moves intraday.
By doing so, you will avoid some of the fake moves these stocks are known for.
Have you noticed how new meme stocks keep popping each week recently ?
The latest one to gain momentum is Wendy’s (Ticker WEN).
Should You Buy Wendy’s as a Meme Stock ?
Wendy’s stock trades in the consumer cyclical sector.
Provided the world does not come to an end, sooner or later , consumers will resume the previous habits.
Investors may then realize this and start rotating money in other assets that the proverbial technologies stocks.
WEN is still very cheap below $25 as of this writing.
The recent breakout may just signal the beginning of a bigger run .
Even with these high flying meme stocks, patience remain key.
From the above fundamentals, the short float is still below 4% though those numbers will always lag.
My current stand on Wendy’s stock is to remain bullish as long as it is able to recapture the EMA8 above $25.
If not Wendy’s as the next great short squeeze, how a bout SOS ?
IS SOS Stock Ready Join AMC and GME in Meme Stocks HOF ?
I just started the study of this very cheap stock currently trading below $4.
I will be adding constant analysis in the near future to help answer this question.
In the meantime, we are tracking it in our Watchlsit so should you.
Best Ways To Invest In Meme Stock Market
It is one thing to follow great trends in the stock market yet it is another one to divert from your main investment objective.
We can think of bitcoin or dogecoin recent rallies and the fortunes they created for some.
However, I can not help wondering if this meme stocks trading Frenzy will not end up as a distraction.
Are you Missing Out on Other Investment Opportunities ?
While you be busy searching for the next AMC or GME stocks, other investments are still present in the stock market.
How does one ensure that that there is a fine balance between the newest trends and the goals of ones portfolio ?
This is the risk many are willing to embrace just like the early adopters of crypocurrencies.
There is never a guarantee in any type of investment especially in some of these companies that are not fundamentally sound at all.
Should You Buy Meme Stocks ?
I was reading this past week on a thread of RIOT stock the story of a trader buying in highs $70’s.
The stock is currently trading around $31.
Could you imagine the emotional Rollo coaster so many are willing to submit themselves to through these meme stocks ?
How do you hold onto meme stocks that can fluctuate 50% in intraday trading ?
In the example of RIOT stock, that trader need to stock to appreciate over 140% just to salvage the initial investment.
An Alternative Way To Trade Meme Stocks
A less expensive strategy to get involved in meme stocks trading frency is through the use of options trading.
Most of these stocks offer weekly options that are usually very cheap before the market makers raise the Implied volatitlity.
while most traders are busy buying the stocks, you can benefit by waiting for the usual ralliees to take place.
Then realize that these rallies often fizzle.
Therefore, taking the opposite direction with cheap puts is how I have been able to day trade and scalp on GME and AMC stock recenlty.
The advantage of this strategy is that it does not ahve to take to much of your trading capital.
Also, there is not need to constantly spend time on stocks chat forums looking for catalysts to take the stock higher.
You will be surprise how much money one can leveraging volatility in options trading in this meme stock market.
CONCLUSION
We shared hw the recent meme stocks trading frenzy is sweeping the stock market.
As an investor, you will have to stay disciplined in order to avoid this recent trend and potential distraction from your main trading objectives.
As a result, we offer an alternative to this meme stock market through option trading.
In case you are a beginner trader, I strongly encourage you to consider our Option Trading Education System so that you can equip yourself with solid knowledge to help take your trading to the next level.
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Understanding the Option chain is a crucial step for all option traders. The sooner you will master this skill, the closer you will be to avoid beginners mistakes and quickly enter your trades both of which can lead to more money in your pocket. That is exactly what I am going to show you in this tutorial. At the end of this lesson, you are going to be equipped with all the necessary skills to help you successfully navigate option …
It is a well known fact that the most successful traders have mastered the art of minimizing their losses.
Contrary to popular belief, great traders often take a lot of losses.
However, those losses are small enough so that they do not impact to stay in the game.
Half of the battle of retail traders with small account is having enough money to trade the next day, the next week or the next month.
This is the main reason reason why only a small percentage of traders make it to consistently genrating profit.
Let’s examine below some intraday trading tips to help you reduce the impact of your losses.
Intraday Trading Tip # 1 | Respect the Intraday Trading Clock
Intraday trading is full with misdirections.
This means that stocks often can “fake” going into one direction and then reverse to go the opporsite direction.
How can traders keep up with such violent moves ?
Solution # 1.
What follows so important for beginner traders.
Allow me to introduce the concept of the trading clock.
These are intraday trading windows during which the market as a whole provides opportunities to make and lose money.
I am not suggesting that every single one of the 7000+ stocks follows this intraday trading clock each day.
However, based on my observations, most stocks have the proclivity to move according to the above table.
From the opening bell in new York at 930AM Eastern time to 11AM-11:35 am EST is the best window of opportunities to make money.
Most stock will move in this first intraday window according to the momentum generated by the thug of war between the bulls and the bears.
Dax Closing In Germany is Bullish
The 11:35AM is not just a random time incase you may be wondering.
That is the exact closing time of the German market in Europe.
It has been my observation that the last 35 Intraday trading minutes of the DAX (German main index) is often bullish and thus SPY tends to trade bullishly as well during this span.
Sideways Intraday Trading window
You do not want to get caught in an option position while the underlying stock is moving sideways.
Such is often the case between 11:35am and 2:30PM.
Hence, you will need to be aware of this and reduce the amount of contracts you are holding or simply get out of the trade.
The last 90 mins of intraday trading is favorable to setup up overnight trades or some good scalping strategies for end of the day momentum.
Solution #2
Be patient before entering your position.
This means you have to wait for confirmation on the direction of the stock.
There is nothing more deflating in options trading (and stocks for that matter) than to rush in a position just to see it turn red immediately.
The best way to apply this intraday trading tip is to set up alert.
I use TradingView for my chart study in pre-market or overnight.
The outcome of your study should provide a price level above which your are going to take a bullish trade and below which you re going to trade a bearish position.
How To Maximize Gains In Intraday
After you have mastered how to minimize your losses, the next step is to apply yourself into maximizing your gains.
For that, the best practice you will adopt is the trailing stop .
In a few words, when you are making money on a position, the trailing stop enables you to track your profit and only allow a small percentage of it to go away once it is acquired.
That is where the word “trailing” comes from.
The video below explains step-by-step how to setup your trailing stop on E*TRADE platform.
Scaled Exit Technique
You can make usage of the trailing stop to implement the scaled Exit technique.
This means that you do not close all your contracts (or shares) at once.
Rather, you can setup (in advance ) to take partial profit at a predefined profit level.
Below is a suggested setup I use in my Coaching sessions.
Example: “N” contracts @ 0.50 || N>=3
EXIT # 1. STC 30% of contracts @ $1.0 [100%] // Adjust these settings to your Risk Tolerance
EXIT # 2 STC 30% of contracts @ $1.50 [ 200-300%] // Adjust these settings to your Risk Tolerance
EXIT # 3 STC 30% contracts @ $2.0 [300% +] // Adjust these settings to your Risk Tolerance
10% {Whatever left} of contracts left as Runner Especially if Time Left before Expiration date
Stay Disciplined and Respect your Stop Loss
Above all, they key into intraday trading success is to prepare your trades with a plan.
Then stick to that plan.
Do not get distracted by the noise the market throws at you in the form of social media banter and/or pundit rhetoric on the television.
Stay disciplined by respecting your stop loss.
It is okay to get out of a trade quickly when it goes against you.
You can always re-assess if situation changes intraday later.
I cannot emphasize enough that beginner traders need to focus on saving their buying power.
Because Staying alive to fight another day is already a success by itself even though it does not immediately translate to monetary gain.
Bonus Tip
Learn How to Use the Option stock Chart to improve your entries.
During intraday consolidation, use the Lowest price of the consolidation range as your Limit Entry.
The best intraday trading session is to scalp by riding a the short term trend of a stock.
Scalping can be very profitable intraday for options traders because the duration of the trade is short enough for time decay not to be a factor.
You can get in on a trade with the predefined objective to get X% profit and then immediately close your trade once your goal is reached.
In Options trading, X% can sometimes be a very big number, 50%, 100%, 200% or even more.
Some recent meme stocks are notorious for intraday rallies.
In case you may not have been following the recent short Squezze Saga, here are some of the most famous mem stocks:
#AMC stock gained 100% intraday recently the day after it sold off -30% intraday.
#GME stock started an extraordinary short squezze from $40’s to over $450’s then a fall back to the $40’s before breaking upward again
#BYND is currently in the middle of a bullish uptrend and provides plenty of intraday trading opportunities
Aside from those exceptional trending stocks, here are very reliable technical setups that you can use to take advantage of intraday trading strategies.
Stock setting Brand New High of the Day
The intraday new high of the day is a good entry for a bullish trade.
One reason for this is that such stock will attract new traders who want to buy it.
It is commonly known in the trading community as F.O.M.O or Fear of Missing Out.
In order to avoid false positive, I use the 15 minute chart to ensure confirmation on such breakout bullish setup.
Here is at he perfect illustration on NVDA recent chart where this strategies worked perfectly on multiple days.
This example brings up a good Intraday trading Tips I often successfully use.
Stocks tends to repeat intraday patterns.
This means that if on Monday or Tuesday you identify an intraday pattern on a chart, look for it to repeat the next day.
This is the easiest way to forecast short term trends and profit from them.
Stock putting in New Low of the Day
Similar to the new high of the day, the intraday new low of the day is a good tip you can apply as well.
This time on the bearish side.
When a stock is going down, it often does it at a faster speed that when it is going up.
For options traders, time is of great importance .
Therefore, trading intraday on new low of the day can be even more lucrative for traders who can master this strategy.
I created a YouTube video to help traders identify this bearish setup using a very simple indicator.
From Upper Bolinger Band to Lower Bolinger Band
tbd
Crossover of EMA8 above EMA20
Crossover of EMA8 below EMA20
tbd
Which Are The Best Websites For Intraday Tips
If you are looking for Intraday trading tips, how about you start with the institutions that actually move the markets.
Follow The Smart Money
There are more and more services that provide insights on where the Smart money is going.
These come in the form of Live Intraday Options Flows you can easily follow to make money.
I have been using the very first one to offer such Intraday trading Tips since 2017.
It is called FlowAlgo.
The results tends to be very spectacular with very high profit as depicted in my FlowAlgo Playlist videos.
Live Intraday Option Flow Services
Since 2017, other competitors to FLowAlgo have surfaced.
My Top 10 FlowAlgo Alternatives article provide and in depth view on how to choose the most convenient service to meet your trading needs.
These essential Intraday Trading Tips are sure to help you avoid some of the pitfalls many traders faced daily.
After you master them, you will once step closer to consistently grow your trading account.
Should you desire to further take your trading to the next level, may I suggest you check out our 10-Baggers Trading system that has been helping many traders in our Discord Channel.
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No matter how many books on Options trading you may have read, there has to be a few you keep coming back to.
In this article, I will share 7 Must read Options trading books for beginners and experienced ones.
What makes these option books unique is not just the great trading strategies.
You will discover that you need more than great option strategies to make it a a successful options trader.
Best Options Trading Books For Beginners | What Are you Looking For ?
If you are in the market for a good options trading book, you are likely to be in one of the following situations.
Maybe you are just starting your trading journey.
Thus you may be wondering where to start or how to go about laying down the foundation.
Should this be the case, basic knowledge about options trading is what you are looking for.
Most books on options trading will certainly provide enough such information.
Another possibility is that you have already started trading options.
Inspiration and Motivation
Yet you are a source of inspiration or motivation to help you take your options trading to the next level.
Or maybe you find yourself looking for options trading books on strategies and techniques in order to improve your success rate ?
No matter you current circumstances, these must read options trading books we are about to scrutinize are bound to help you greatly.
Books On Options Trading | Classic “For Dummies”
In the age of the internet, the phrase “for dummies” has become synonymous for beginners.
Though it may appear as such, our first book on options trading assumes a great deal about its readers.
Trading Options For Dummies by George Fontanills
This 2008 best seller by Georges Fontanills is devoted to teaching you one of the most importnat thing to focus on in options trading.
That is Risk Management.
And Why is Risk management so important in options Trading ?
Well, because if you can take care of that, the wins will come eassier.
Risk management in different market conditions will prevent you from being sidelined because you no longer have any money to trade with.
With a Catchy subtitle “A reference for the rest of Us” , the book does not disappoint in that regard.
By the way, that is a potential reference to Seinfeld’s “Festivus for the Rest of US” classic episode.
Takeaway From Trading Options For Dummies Book
I really appreciate the structure of this book on trading options.
Beyond the main purpose of showing you how you can built a portfolio of options for your retirement, the side notes provides a higher level of knowledge that will increase your overall confidence.
You will also enjoy the breakdown of the economic sectors.
I have been recently coaching options beginners traders on this very topic using Finviz.com.
A lot have changed in options trading since the original publication of this book in 2008.
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As a beginner, you will have a complete view of what investing is all about.
However, the strategy used by the author Ted D. Snow may not convince you to take a similar path.
Such was the case for this reader below.
Oh, boy. This was a good book overall, but I definitely have some Opinions on it.
First, the good. 1. This is truly an absolute beginner’s guide to investing. When many books say that they’re a beginning guide to fill-in-the-blank topic, a lot of times they’re only sort of right in that they expect you to know some definitions and some basic idea of the topic already. Not so with this book. Probably the book’s greatest strength is that it starts from the very beginning. In that vein… 2-3. I loved how the first few chapters had really great fundamentals of investing, including really great definitions and little story problem math examples on how the various items worked. 3. The chapter on various financial statement analysis metrics was another very good introduction to the topic. 4. He had a really good emphasis on not freaking out when your investments are down and selling off based on feelings. Buy low, sell high is a fundamental that you cannot go wrong on. It’s just figuring out the highs and lows that can get ya, as is the way that “traditional” investing works.
And the weaknesses. For the sake of full disclosure, many of these items I consider to be weaknesses because I do not agree with the author’s strategy of investing. I’ll explain as I go.
1. Throughout the book, I felt really confused as to whom this book was meant for. The beginning chapters had all the great definitions and story problems. There was another chapter where he talked about how he as a financial advisor wasn’t snobby enough not to want to advise middle class people (vs those advisors that only accept people with over a certain threshold to invest). Those things made me think that this was for the Average Joan like me who wants to save for retirement. But then, there was this whole long chapter on derivatives, futures, options, etc. His warning about how risky these instruments are was not as fear-inspiring as I felt it should have been had this truly been a book for the Average Joan like me. Which also leads into…
Concerns
2. YOU CANNOT HAVE A DISCUSSION ABOUT ROTH IRAS WITHOUT DISCUSSING NOW VS FUTURE TAX RATES. I’M SORRY, BUT YOU CANNOT. Seriously. The author does not misstate the benefits of Roth IRAs in that their growth is not taxable, but you also have to take into account that if you’re waiting until retirement to pull from the Roth, you will PROBABLY have a lower tax rate by then (in which case you should think about putting the bulk of what you can into traditional IRA so that you pay less money in taxes OVERALL IN YOUR LIFETIME.
3. Here’s where we get into critiques because I do not agree with the author’s overall strategy. The author believes that “The mark of an excellent investor is to consistently outperform the market.” Over time, the total stock market average growth is 8%. Why shouldn’t I just come up with a good asset allocation and just invest my money in a total stock market index fund?? As the Average Joan investor, I don’t have time to perform fundamental analysis for every stock I pick, and I am certainly not going to have any sort of information that gives me any insight that people who actually do this for a living will have. The author briefly mentions indexes, but he doesn’t present a compelling case either for or against them. Which brings us to….
4. Fees. There is a short discussion of mutual funds/index funds, but there is NOT ENOUGH EMPHASIS on how actively traded funds include all sorts of micro fees and commissions and everything that absolutely DEVASTATE your investment growth over time. There is no discussion on the numbers behind why you want a fund that has 1% or less in fees as well as being a fund that doesn’t generate a high trading volume (back to point 3: as the Average Joan investor, I buy and hold because I’m literally investing in the ENTIRE stock market with my low-cost index fund. Unless the literal apocalypse comes, I’m betting with my money that the market will rally over the long term, and I’d rather have the stability of the entire stock market than have to make guesses about what’s going to go up and down in an attempt to beat the market). 5. The author overstates the benevolence/effectiveness of financial advisors. To be fair, he did mention that you should expect your advisor to have an ethics statement as well as to be fully transparent about their fees. However, he did not emphasize enough that they need to be EXPLICIT about whether they are legally required to act as your fiduciary or not. If they’re not your fiduciary, there is no incentive for them not to push you into riskier investments where they might have a commission you don’t know about. I do concede his point that advisors potentially help keep a client from selling off in times of panic, but you have to have the right advisor. 6. There is a cursory chapter on FIRE at the end of the book. Which is fine, but….due to his own interests of being a financial advisor (and therefore wanting your business to come to his company) there is no discussion on the actual fundamentals about how most FIRE people go about it. There’s no discussion of the benefits of index funds and no discussion on safe withdrawal rates (which I consider to be two of the most fundamental parts of most FIRE plans).
So there you have it. As a “traditional” investment book (i.e. pick your specific stocks, use an advisor, etc.) this is a good book. But when there’s so much data out there on how likely it is that you will consistently beat the market with your individual investments (view spoiler) I’m just not convinced that my total stock market index fund will be any worse than the alternative. In the words of John Bogle in The Little Book of Common Sense Investing, “Don’t look for the needle in the haystack. Just buy the haystack!”
#2 Best Options Trading Book For Beginners
Market Wizards by Jack D. Schwager is an entertaining series of interviews by top traders in Wall street.
They share great insights that are certain to trigger awareness.
Awareness will spotlight opportunity.
And the opportunity engaged with your preparation shall create the desired results.
#1 Must Read Option Trading Book in 2021 and Beyond
Three bid for Ten. Three bid for Ten. Three bid for ten.
These are the opening words in the first chapter “Trade or Fade” of Pit Bull by Martin “Buzzy” Schwartz.
From the opening page, you will be captivated by the story of this Options Trading book also tiltled Lessons from Wall Street ‘s Champion Trader.
From that alone, we can infer that a great deal of knowledge is shared inside.
So what are those lessons ?
What Will You Learn in Pitbull by Martin Schwartz
The biggest lesson for me is the inspiration that it is possible to achieve great success in options trading despite the many struggles.
In this autobiography, the author shared how he resented the thought of going back to his 9 year old job.
I can tell you by my personal experience and the many traders I have been coaching.
Most people come to trading because they want to change their current lifestyle and circumstances.
This reason alone can act as a motivation for you or instill so much fear you cannot perform.
Hence the pep talk to himself on that that trade on Mesa Petroleum.
You may have your own internal fear as you read this article.
Should that be the case, I encourage you today to pick a copy of Pit Bull to help you overcome that obstacle.
Other Lessons I Learned From Pit Bull
Having A Methodology Gave Me Strength
The secret in winning in Options trading as well as the stock market in general is to have an edge.
Such edge is developped over time.
It come from a proven methodology that will bring you the confidence in knowing where your winners will be coming from.
Such confidence will be your best asset in trading the market.
The ability to read stock charts is a fundamental skill you need to acquire to trade the stock market.
Often, many beginners view this as too big of an obstacle to their success in trading.
It does not have to be that way.
In this tutorial, I will show a step by step process on how to read stock charts as a beginner and thus be well on you way to better under the stock market.
How To Read Stock Chart For Beginners | What Is It ?
Since you are reading this tutorial on how to read stock chart for beginners, chances are you have had a limited experience doing it.
Rest assured, many traders out there have still not mastered this essential skill.
How do I know ?
Firstly, I started like you at the beginning of my trading journey.
Secondly, When I visit stock forums, I see many requests from beginners traders asking more experienced ones about their analysis of specific stocks.
I myself have been providing such stock charts analysis in my Live Day Trading YouTube channel often called options trading for beginners.
Is Reading Stock charts Easy ?
A few years ago when I was started my trading journey, I did not know how to read a stock chart.
I would say I am more than an average student.
At the time, I could only witness other traders do it so effortlessly.
Then I put in a time, the effort and passion.
Now here we are : I am about to take you through the path I have taken to master stock charts reading.
If I have done it, I sincerely think you can do it too.
In fact, compared to other skills you have acquired so far in your life, I would not rank reading a stock chart as the most difficult one.
In order to put you mind at ease in this endeavour, how about this simple fact.
Once you know how to read one stock chart, you will be able to read them all.
By that I mean that the knowledge is not different per stock.
A lot like when one knows how to drive, the car model does not make any big difference.
Is Stock Chart Reading Reliable ?
The art of reading stock charts is called technical analysis.
There are those who consider it full rubbish and those who cannot live without it.
Before we dive into the knots and bolts of stock charts reading, let’s tackle on the one question you may still be on the fence with.
That is the stock chart reading really reliable ?
Many still thinks that either the market is completely random and thus cannot be read, analyzed or predicted.
There is no denying thee market can be quite noisy with many contradicting signals.
However, one can definitely decipher trends despite this noise.
We know there are powerful AI Algorithms out there capable of filtering such noise.
But even regular human beings like you and I can certainly reach a level of expertise to achieve that same goal.
How Long does it Take to Learn How to read stock charts ?
The time it will take you depends on your level of effort.
I have been coaching this new trader now for less than 1 full month.
His name is Mr. Ocean.
He has committed himself to two weekly coaching session Live on zoom with me.
We were analyzing BYND stock chart earlier today.
A bullish run that start May 25 from 106 to $153 on May 28 as depicted on the graph below.
Mr. Ocean asked that could we see on the May 25 that the momentum of BYND stock has turned bullish.
All this to show you that Mr Ocean has had its Aha moment with stock chart analysis.
It took him about two months to go from beginner trader to this level.
Why Is Reading Stock Charts Important For Beginners ?
In keeping with the analogy of car driving from earlier, imaging trying to drive a car on the road without knowing the rules.
You can think of stock chart reading as the set of rules to help you in your trading or investing.
Of course, these are not hard set rules like the ones you learned in driving school.
However, they are important enough for you and I to know so that we can establish a solid foundation to our trading.
Getting A Solid Foundation For Trading
Without this knowledge, you will be unable to determine when a stock is likely to go up or down.
Whereas this skill will bring you the extra edge and needed confidence to take trades other may not even yet envision.
You do not want to built your trading career on getting fed trades by others.
Just because you did not realize the power the knowledge of stock charts reading would bring you.
Related Video : How Long Does IT Take To Make 1000% On Options Trading
Reading The Stock Markets
For those traders in other markets than stocks, guess what ?
You will be able to use the same skills for Forex, commodities , cryptocurrencies, interest rates.
Whatever is chartable or can be put on a graph is something you can analyze with this skill.
Understanding Stock Charts
The primary goal in understanding stock charts is to translate that knowledge into making money.
You can either trade the stock or one of its popular derivative: stock option.
That is what I specialize in and teach many other traders.
Here is an example of how I used my understanding of stock charts to make money trading options.
How To Master Reading Stock Charts
I am not sure what type of student you are.
But as for me, when I commit to learning a skill, I do not rest until I have achieved mastery level.
There is this saying I used to hear taken from a sport analogy.
Amateurs do it until they get it right while professionals do it until they cannot get it wrong.
The nuance is subtle enough I hope.
The Tools You Need to read Stock Charts
With that aim in mind, all the tools i am about to unveil are certain to get you to that goal.
How can I be so sure ?
Because they did it for me and the many traders I am currently coaching on how to read stock charts.
This activity has the first course on our On-boarding series of classes for beginner traders at Successfultradings.
Learning How to Trade Options as a beginner does not have to be as complicated as you may have heard. In this step-by-step guide, I will show you how to get started with a very solid foundation on Options trading. Ready to find out about how to trade options like a pro? Let’s get into the details. Telex Hold a Master Degree in Electrical engineering from Texas A&M University. African born – French Raised and US matured who speak 5 …
If you are new to stocks or options trading, reading stock charts is one of the most intimidating skills to master. Hopefully, Webull platform introduces very intuitive stock charts. This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account. How To Read Webull Charts | Webull Charts Overview Whether you are using the Webull App or its desktop version, setting up …
Whether you are a beginner investor in the stock market or an astute veteran, you need resources to study your potential investments. The stock research websites we scrutinize in this article will help you take your trading or investing to the Next Level. What Is a Good Stock Research Website The number of investors looking to make money in the stock market keeps increasing. All the newcomers are looking for good stock research websites to guide the. However, the choices …
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Which are the best sites to do technical analysis for stock trading
During my many years of trading the stock market, I have always used the following two sites for technical analysis.
First there is Finviz which comes with a plethora of features for both fundamental and technical analysis.
It is a must have if you are serious about stock trading in general and more importantly day trading as we will reveal in the next section.
What makes Finviz a tool of reference for technical analysis is its ease of use.
Our Finviz.com review will guide you through step by step setup of the multiple scanners you can employ.
Free stock charts
Tradingview is the other free site to where you can learn how to read stock charts.
any technical indicator you can think of, someone has most likely shared it before on this platform.
You see, Tradingview has a very strong communities of traders not only for stock trading but all markets spanning from currencies, crypto, commodities, indices, futures and bonds.
Just like its counterpart Finviz, TradingView comes with a free version that is enough to get any beginner rolling on stock chart analysis.
You will need to set it up with the basic three indicators as described in this short video.
How I Use Baha App | Formerly Teletrader
Baha App exists for both Android and iOs even though the functionalities may be slightly different.
I have ben using the Android version for several years now.
This is my most convenient way to read stock charts especially on the Go.
Whether I am waiting in line at a grocery store ( yeah, that happen a lot in 2020 and 2021 Pandemic times) or at a doctor office, I can quickly pull out this App and start analyzing stock graphs.
How To Access the Chart View on Baha App ?
The first thing you will do after downloading the free Baha App on your device is to create watchlsits.
I have set up my Watchlist per economic sectors.
For instance , here are some of my Watchlists with the corresponding stocks.
I do not have a trading strategy strictly based on volume right now but that may be coming in the near future.
Earlier, we introduced the EMAs.
I want you to think of them along with upper and lower Bollinger bands as natural support and resistance.
Support and resistance can also be identified through reading the stock graph on the past behavior of the stock at a given price.
Here is our full detailed video to help you understand what support and resistance are in stock trading.
More importantly, you will learn how to use support and resistance to make money trading.
Reading The Stock Market Creates Lifestyle Opportunities
By now, I hope you are beginning to see all the benefits of mastering how to read stock charts.
Next I will introduce some insights in reading the stock market .
How To read Stock Chart for Day Trading
When it comes to day trading, all the same indicators are still valid.
The only thing that traders usually modify is the timeframe.
It is usually referred to as the frequency of the chart.
The choice range from 1 minute to 1 month.
Day traders often settle for 3, 5 or 15 minutes interval.
The difference is that the charts may show a great deal of noise in lower timeframes.
I prefer to use 15-minute frequency because it enables me to avoid false positive.
Since I use Tradingview during day trading, I am able to use a split-screen with 5 minute on one side 15-minte interval on the other side.
I created this video below to help traders with trend identification for day trading using VWAP indicator.
It is worth mentioning that there is the reciprocal video for bearish trend trading as well.
Which one of the two video do you think has the most views on my YouTube channel ?
Read Stock Charts Patterns
As your confidence in reading stock charts grow, your next step will be to be able to analyze stock patterns.
Stock are visible on charts for trained eyes.
Why do they happen so often ?
Because most of the volume ( over 65%) traded in nowadays stocks is generated by computers.
Here are some of the most effective Stock chart patterns I have come accross.
U, V, W are pattern you will learnt o recognize on daily and weekly charts mostly.
Here is one such example of the daily chart of BYND stock.
From Upper Bollinger to Lower Bollinger
A trader once told me that he was researching AMD traders and found our Discord Channel.
Later on, he told me that he specialize in day trading AMD from lower Bollinger band to upper Bollinger band and vice versa.
That is a strategy right there for you to test and add to your repertoire.
This trader told me that his goal was to get 20% profit in this strategy.
Is that good enough for you ?
I can confirm the Bollinger band strategy as I recently make money on VUZI daily stock.
I was able to recognize the pattern in the yellow circles above.
I setup some puts when the stock hit resistance on the upper Bollinger bands.
within a couple of days (VUZI only has monthly options), the stock started moving down as it has done 5 times on the above view.
Reading Chart Patterns Led Me to Life Changing Opportunity
I was able to take my knowledge about reading stock charts and turn it into a successful strategy.
Back in 2017, once I became really confident about stock chart patterns, i came across a famous one.
I created a computer code for it and I have been trading it ever since.
The result are just amazing over the short and semi long term.
We used this as one of the strategies in the Successful Tradings 10-baggers trading system.
Below is a snapshot view of our weekly results measured by average move per stock.
CONCLUSION
In this How to read Stock chart for beginners tutorial, I hared how important this skill can be for you as it was for me.
Then we took you through the steps you need to become fully comfortable with reading the stock market.
As you continue your progress, I strongly suggest you complement your know by joining our 10-Baggers Trading Education System to take your Trading to the NExt Level.
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Whether you are a beginner investor in the stock market or an astute veteran, you need resources to study your potential investments.
The stock research websites we scrutinize in this article will help you take your trading or investing to the Next Level.
What Is a Good Stock Research Website
The number of investors looking to make money in the stock market keeps increasing.
All the newcomers are looking for good stock research websites to guide the.
However, the choices are really not that many.
The astute investors know the importance of getting an edge in the stock market.
If you just happen to be doing what everyone is doing then you will end up settling for mediocre performance.
Stock Picking websites vs Stock trading websites
Therefore, the importance of the quality of the stock research website you choose is even greater nowadays.
What should you look for in a stock picking website ?
The most important thing you need you need to understand from a stock research website is how that research is conducted.
Does the timeline of investment match your investment timelines and goals ?
Otherwise, you can end up putting money on recomemndations that are not suited to you.
Are you looking for steady returns for your stock investments ?
Or rather, you can afford to speculate a little by taking chances because your investment time horizon allows you to do so ?
Best Website For Stock Tips | I Know First AI
I Know First is the very embodiment of a stock research website.
Over the last decade, this stock picking website has increased their offering by introduction Artificial Intelligence based research.
Whatever type of investment you are looking for, I know First has it.
The motto of this company is “Daily MArket Forecast”.
They generate Forecasts on short and long term for stocks, commodities, gold and currencies.
I know First service sis not just limited to US equities as you will find out with the multiple international offerings depicted later on below.
Is I Know First AI Algorithm Reliable
I know First publishes a weekly newsletter where it reports its weekly performance.
The winning percentages are tracked for the multiple packages.
Here is a recent updates pertaining to the breakout of MOXC stock.
This week’s newsletter showcases the best performances of the I Know First Predictive Algorithm this week. Just yesterday, MOXC had an incredible 30% jump in value! Luckily for our subscribers, this was foreseen by the Predictive Algorithm. MOXC was the strongest signal in the seven-day forecast for the Tech Stocks Forecast package, where MOXC, WISA, and SGMS all had returns of 92.73%, 29.59%, and 20.15%, respectively. The total average return of the forecast was 18.10%, outperforming the S&P 500 index by a total of seven times! In the 14-day forecast for the same package, MOXC, SGMS, and TWIN all had returns of 135.93%, 16.24%, and 13.98%, respectively. The total average return of the forecast was 16.07%, outperforming the S&P 500 index which gave a -0.20% during the same time period! In the three-day forecast for the Stocks Under $5 package, ARPO, PDSB, and WRN all had returns of 76.72%, 52.73%, and 26.83%, respectively. The total average return of the forecast was 19.85%, outperforming the S&P 500 index which gave a -0.35% during the same time period! In the one-month forecast for the same package, SB, WRN, and GALT all had returns of 70.12%, 58.91%, and 57.41%, respectively. The total average return of the forecast was 26.46%, outperforming the S&P 500 index by a total of 51 times!
I Know First Commodities Research Package
In case you happen to specialize in commodities trading, I Know first have you covered.
Here is the package you will need to subscribe to.
For $199 per month, you will enjoy either the currencies picks , the commodities, Bitcoin and major cryptocurrencies or even interest rates.
Given the in depth research I Know First is known for, one cannot help to wonder if it is not the most reliable crypto price prediction website.
I Know First offers six different investment time ranges for each one of their stocks predictions.
Those time ranges span from 3 days, 7 days, 14 days, 30 days, 90 days and 1 year.
I Know First European Stock Market Research Package
Traders often ask me if Successful Tradings analyze non US equities.
We do not not but I Know First does.
Select European countries in Europe such as Germany, Turkey
For each country, the prices range from $169 to $269 if you are ordering the Top 5, Top 10 or Top 20 Stocks for that country.
I know First International Package
In this era, investing has become more international than ever.
companies themselves can be listed on multiple stock exchanges across s the globe.
As a result, many investors are looking to take advantage of these growing opportunities.
For traders looking to trade Asian stocks, there are at least a couple of Packages offered by AI Trading Algorithm.
The rest of the world is accounted for as well .
This is done with not one but two international packages with similar price ranges.
From the view below, you can see stocks featuring Hong Kong, India, Australia and Brazil.
In case you are looking for other international stocks, here is the second international offer.
Top 10, Top 20 and Top 40 US Equities Packages
For the US stock markets, the choice are many depending on your budget.
Daily picks use the AI decision based algorithm based on smart money movement for bullish and bearish direction.
With the six time ranges, you are more than likely to find your suitable time strategy.
The price of each package is very much a function of how many stock picks you desire.
The nice thing about these offers is that you can try them for free for 30 days before settling for the one that works best for you.
Based on your investment capital, you can decide that maybe low cost stocks are more suitable.
Should that be the case, here are the potential choices you have.
Best Investing Websites
For long term investors, the next set of websites provide research data for a longer time horizon.
This means at least a few years.
Such research is often based on the fundamental financial results.
Simply Wall St
Simply Wall St is a relatively newcomer as a stock research website.
However, whatever they lack in years of experience, they make it up with a great deal of innovations.
The attraction with Simply Wall St approach is they visualization of the standard financial data.
At the end of the end, you still have to make you pick based on your set of criterias.
Below is our full detailed video describing its major features.
Simply Wall St New Price Plans
Morningstar
Morningstar is one of the oldest stock research website by far.
Their dedication to provide financial information is second to none.
On there, you can research any publicly traded company based on their quarterly financial results.
A rating system with Stars is what help investors determine which stocks have the highest ratings.
We have reviewed Morningstar offering in a recent article.
Investing.com
With Investing.com, you will get the website along with a vey practical App.
The App is very practical because its gives traders and investors to up to the minute stock quotes, news, financial information to help with their decision making.
This is a complete stock website tool as it will enable you to gain access to commodities, currencies, interest rates across the world.
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