Fractional Shares Trading On Webull – 2021 Easy Guide

Trading Fractional Shares on Webull - How to Buy Fractional Shares

Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors.

A week later, we now can officially trade Fractional shares on the Webull App trading platform.

This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull.

What Is Fractional Shares Trading

A fractional share is less than a whole share of a stock.

That is a partial share between 0.00001 and 0.99.

Instead of investment in a full share price, an investor can just purchase a small piece of the entire stock.

It has been a long time coming for retail investors to get access to this feature.

Finally, Webull has made the wait for fractional shares trading worth a while.

Why Do People Trade Fractional Shares

The valuation are getting so high with some of the US stocks that it has gotten more and more difficult for small investors to get into some of the big name stocks.

The likes of NFLX, ROKU, NVDA, APPL (before the Split), TSLA (even after the split) may just be too expensive for some beginner investors.

Lets not even bring the ones above $1000 into this conversation.

AMZN, GOOG are too good examples of stocks that a great deal of traders and investors cannot have access to without fractional shares trading.

Now with the introduction of fractional shares, anybody with a small account has the opportunity to invest in the same stocks as the big institutions.

With just $50, you can purchase 0.014 fractional shares of AMZN .

Or you can elect to go with GOOG fractional shares and the same $50 will allow you to own 0.02 shares.

Fractional Shares and Dividends

Assume you hold fractional shares of a Dividend paying stock.

You will be able to earn dividend on your fractional shares proportional to your fractional shares holdings.

As an example, if a dividend pays $1 on a full stocks and you hold 0.33 fractional shares, you will receive $0.33 as a dividend payou.

This represent 33% of the dividend because you hold 33% of the whole stock.

Legal Impact of Fractional Shares

As a shareholder of a fraction shares, you are not entitled to proxy voting.

However if you own some whole shares and fractional shares, the whole share portion of your investment gives you the rights to proxy voting.

This may no matter for most retail investors because they own so little of the shares that their voting does not have a great great of impact.

Webull Guidelines On Fractional Shares Trading

Before you get too excited at the prospect of building your portfolio of fractional shares on some of the big name stocks, here is what what you can and cannot do on Webull fractional shares trading.

Can you Trade Fractional Shares on All Stocks ?

As of this writing, Webull has opened fractional shares trading on only certain stocks and ETFs.

The main stocks on the S&P500 are available for fractional trading.

Fractional Shares Trading On Webull - How to Recognize a Stock Eligible for Fractional Shares trading ? A green diamond is displayed on the details page of that stock
How TO Recognize a Fractional Share Eligible Stock on Webull App

How to find out that your stock of choice is eligible for fractional shares trading on Webull ?

You will see a green diamond icon on the details page of your stock as displayed on the view above for QQQ.

I ran my entire watchlist to check for availability and all of them are enabled for fractional trading.

The only stock without fractional shares trading activated is SOS.

This is a less than $3 stock that came on my radar recently as a potential meme stock.

Can You Buy Fractional Shares of Bitcoin ?

Yes, all major cryptocurrencies are eligible for fractional shares trading.

A single bitcoin can be sliced as low as you desire.

This enables investors to manage their exposure to this awfully volatile asset.

When Can you Trade Fractional Shares on Webull

You can only trade fractional shares during regular market hours.

Which means that you have the window of 930an Est to 4PM Est each weekday.

That is tough luck for pre-market and after hours traders who may be looking for bargains outside of the intraday trading.

What Are the Order Types Supported on Fractional Shares

There is one and only one order type for buying and selling your fractional shares on Webull.

You will need to set your order type as a MArket Order.

This means that you will be buying the fractional shares at the going price in the market.

Therefore it precludes you to place limit orders that are often used by traders.

How Much Do Money Do You Need to Trade Fractional Shares

There are two restrictions on the minimum number of fractional shares you can buy and sell.

The minimum number of fractional shares you can buy on Webull is 0.00001 shares with is one divided by 100 thousands.

The other requirement is that you order must be at least for $5.

Let’s use Berkshire Hathaway Inc (Ticker: BRK-A) as an example to illsutrate this.

The BRK-A whole stock is worth $417600. That is 417 thousands dollars and some change for just one share.

If you divided this per 100000, you end up with $4.176.

This is not greater than $5 so you will need to buy more than 0.00001 share of BRK-A.

0.0002 shares will cost you $8.35 therefore that is the absolute minimum of shares you can start with.

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

900% Profit on QQQ Option Trade

How To Trade QQQ Options For Big Profit

QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step by step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March …

Read More

How To Trade Options on Webull : 2021 Step-by-Step Guide

Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the the training course offered on the App version of Webull, …

Read More

How To Trade Options - A Watchlist of Options contracts with bid and Ask Price

How To Trade Options: The Ultimate Step-by-Step Guide

Want to trade options? Good for you! It can get pretty complicated though so you’ve got to make sure you’re doing it right. Luckily, you’ve found us! We’ve got all the answers. Ready to find out about how to trade options like a pro? Let’s get into the details.

Is Short Selling allowed with Fractional Shares?

At this time, Webull guidelines do not support short selling on fractional shares.

I am not sure if in the future this feature will be enabled.

However, it goes against the spirit of fractional shares which is mainly to allow small investors to buy high price stocks.

Can You Transfer Fractional Shares From Broker to another

You may be limited on where you can transfer your fractional shares to.

Webull can only transfer your fractional shares to brokers that are also using Apex clearing as the clearing house.

Some examples of Apex clearing brokers are: M1 Finance, SoFi, Stash, Wealthsimple, Beteerment, Firstrade, Stockpile.

What can yo udo if your brokerage is not Apex Clearing?

You will have to liquidate the fractional part of your position and transfer the moeny as cash.

How To Start Fractional Shares On Webull App

Trading Fractional shares on Webull can be a little bit intimidating for the first time.

However, it is not that complicated by following the simple steps below.

  1. Select your stock of interest and insure that it is eligible for Fractional shares trading.

A green diamond icon should be displayed on your stock details.

2. On your order ticket, change the order type to Market (from your default LIMIT) and the following display confirms if your stock is enabled for fractional shares Trading.

fractional Shares Trading On Webull -Changing the Order type from Limit to MArket order enables Fractional Share trading
Change the Order Type to Market Order For Fractional Shares Trading

3. Click on Whole Share to switch to Fractional Shares as shown below

Fractional Share Trading on Webull - Ho w to Switch from Whole share trading to Fractional Share trading
How To Switch From Whole Share to Fractional Share

4. Finally, Click on Buy to Get Order Confirmation screen showing the quantity and cost of your fractional share trade (if buying)

Fractional Shares Trading on Webull -Order Confirmation Page for verification before execution
Fractional Share Order Confirmation on Webull App

After you hit confirm, some error message may appear if you try to trade like 1.2 sahres.

this is not a fractional share at this point.

Your number of fractional shares is always less than 1.

So you will need to buy the whole share separately.

The other message you may encounter is if your total order is less than $5.

I have a good illustration of that in the short video at the bottom of this article with the above steps fully depicted.

How To Calculate How Many Fractional Shares You Can Buy

You may be wondering how many fractional shares you can get for your specific budget allocation.

In order to help you with that, I am providing this table for some of the major stocks.

How to use this table.

Look for your budget on the top row starting from $ through $75 and your stock of interest on the first column.

The intersection gives you the number of fractional shares you can purchase with that money.

$5$10$15$20$25$30$40$50$60$70$80$90$100$110$120
AAPL0.030.070.100.140.170.210.270.340.410.480.550.620.680.750.82
MSFT0.020.040.050.070.090.110.140.180.210.250.290.320.360.390.43
AMZN0.0010.0030.0040.0060.0070.0080.0110.0140.0170.0200.0220.0250.0280.0310.034
FB0.0150.0290.0440.0590.0730.0880.1170.1470.1760.2050.2350.2640.2930.3230.352
GOOG0.0020.0040.0060.0080.0100.0120.0160.0200.0240.0280.0320.0350.0390.0430.047
NFLX0.0090.0190.0280.0380.0470.0570.0750.0940.1130.1320.1510.1700.1890.2080.226
NVDA0.0070.0140.0210.0280.0340.0410.0050.0690.0830.0960.1100.1240.1380.1520.165
TSLA0.0080.0160.0230.0310.0390.0470.0620.0780.0930.1090.1240.1400.1550.1710.186
JPM0.0330.0650.0980.1310.1630.1960.2610.3270.3920.4580.5230.5880.6540.7190.784
V0.0200.0400.0600.0810.1010.1210.1610.2020.2420.2820.3230.3630.4030.4440.484
JNJ0.0300.0600.0890.1190.1490.1790.2380.2980.3570.4170.4760.5360.5950.6550.714
PYPL0.0170.0340.0510.0680.0850.1020.1360.1700.2040.2380.2720.3060.3400.3740.408
Fractional Shares Table | How Much You Can Buy per Budget Allocation

Download Our Free Fractional Shares Calculator

Fractional shares calculation can become tricky.

Therefore, I ma providing my free Fractional Shares calculator for download for any stock.

Just the current price of the stock and the calculator gives you an idea at different price of how many fractional shares you can purchase.

Also, the calculator will enable you to modify your initial investment if the suggested numbers do not match your desired investment.

Just change how much money on the first row and you automatically get the answer to how many fractional shares you can afford to buy with the money you have.

CONCLUSION

We provided a step-by-step tutorial on how to trade Fractional shares on Webull App.

As of this writing, I am still waiting to see if the feature will be deployed on the Desktop App as well as on Paper trading.

This is a big step towards leveling the playing field between the big institutions and small retail traders.

best trading journals

2021 Best Trading Journals – For The Disciplined Investor

The Best Trading journals are important for everyone who is serious about becoming a master of the marketplace. Keeping a trading journal is similar to keeping a diary about your life as an investor. Many people use journals to preserve thorough notes of their business transactions. These commonly-used materials are extremely helpful to traders of all skill and experience levels. Trading journals are a very personal resource. Thus the level of detail varies considerably from one to the next. Some …

Read More

Trading Fractional Shares on Webull - How to Buy Fractional Shares

Fractional Shares Trading On Webull – 2021 Easy Guide

Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors. A week later, we now can officially trade Fractional shares on the Webull App trading platform. This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull. What Is Fractional Shares Trading A fractional share is less than a whole share of a stock. That is a partial …

Read More

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

Bio Forum By Bill Spetrino

Is Bio Forum By Bill Spetrino Legit or Scam -Full Review

Willing to help your children, grandkids, or yourself in achieving financial independence? If so, then why don’t you try Bio Forum By Bill Spetrino? It is designed to allow Bill to communicate with a small group of customers and alert them directly about investment possibilities. More specifically, in the most timely manner, this forum has proven to be extremely successful. What is Bio Forum By Bill Spetrino? You’re probably seeking additional information about Bio Forum By Bill Spetrino. Moreover, whether …

Read More

How To Safely Overcome Pattern Day Trader Rule in 2021

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 …

Read More

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings

Whether you are using the Webull App or its desktop version, setting up the Webull charts for stock analysis follows the same steps.

The main difference is that on the mobile App, you will have the luxury to choose between advanced chart and simplified chart.

The simplified chart as its name suggest provides less indicators than the advanced ones.

I am of the mindset to keep the number of indicators quite small on a stock chart.

The reason is because many beginner traders get distracted quite easily with too many indicators.

Despite this approach, I often see many traders confused with my charts on Tradingview which only show a handful of indicators.

How To Access the Chart Setting on Webull App

In the new Webull App interface, after you select a stock, the first icon on left s the stock chart.

The view below may be different for you the first time if you have not set up your chart settings yet.

How TO Read Webull Chart - A view on how to Access the Chart settings on Webull App
Accessing Webull App Settings

On the bottom right hand side of the above view, click on the tiny chart icon.

This will take you to a menu similar to the one below.

The displays is the chart Toolbox with multiple menus we will be using later on.

How To Read Webull Charts - How To Access Webull Tool box on the App
Webull Chart Toolbox

How To Setup Your Webull Stock Charts

Next step is to click on settings to gain access to the chart settings.

On this page, you will be able to easily and quickly select different items.

The first of which is advanced vs simplified chart we introduced earlier.

I am always using the advanced chart.

How To Red Webull Charts - Charts settings menu on Webull App
Chart Settings Menu on Webull App

The main items to choose from the menu are as follows:

  • Indicators on Main chart: I have this one turned on so that i can see detail about any stock on the main chart
  • Sub-Charts: You can determine if you want sub-chart to match the main chart on the full screen
  • Chart Height: I selected High because most stocks in 2021 are going up and down
  • Including Extended Hours: I am hiding this one because a simple quote reading is enough for me in pre-market.
  • Corporate Actions Display: By selecting this, you will be able to see indicators on your charts about Dividends, splits and Earnings.
  • Keep Drawings on all Time Frames: you will have the ability to draw on your charts no matter the selection of timeframe
  • Candle Style: I always use solid candles in all my charts. The other choice is hollow candles if you would like to try them.

Blow is a view of the difference between the hollow candles and the solid candles.

How To Read Webull Charts - Hollow Candles vs Solid Candles
Hollow Candles vs Solid Candles on Webull Charts

Webull Technical Indicators

If you are into technical analysis, Webull App technical indicators will not disappoint you.

On the contrary, Webull bring a slew of fancy indicators to technical analysis lovers on its main chart as well as on the Sub chart.

Just in case you may be new to stocks charts reading, the main chart is the one with the candlesticks usually on top while the sub charts are below it with key indicators.

Lets explore what is available in each category.

Webull Main Chart Indicators

On my main chart, I like to keep three main indicators.

These are the Exponential Moving Averages or EMA, the Bollinger Bands and the Volume Weighted Average price also known as VWAP.

How To Read Webull Charts - List of Main Chart vs Sub Chart Technical indicators
Webull Main Chart vs Sub Chart Technical Indicators

I know you may have seen other traders use the Simple Moving Averages.

The difference between the two is that the Exponential Moving Average reduce the lag of this indicator by giving more weighting to the most recent prices.

For instance if we are calculating EMA8, the last 3 candles have more importance than the first five.

A good analogy I like to use when teaching traders is that if you want to know your future, the most recent history ( let’s say 3 years or 3 months or 3 days) is more telling than what you did many years ago.

How To read Webull Charts - How to setup moving averages
Setting Up Moving Averages on Webull Charts

In order to setup your moving averages, just enter the number of period for each either manually or using the slider as shown above.

Then select your desired color for each.

I like using yellow for my EMA8 and green for my EMA20 in case you were wondering.

Why I Use EMA8 and EMA20 on my Webull Chart

I set up all my charts with 2 EMAS: EMA8 and EMA20 meaning the 8-period (understand candles) and 20-period.

This is true regardless of the timeframe at which I am studying the chart.

The reason for this because it helps me identify momentum changes quite easily.

You see the EMA8 is the recent momentum while the EMA20 is the older momentum.

Therefore, the EMA8 direction is always telling me what the immediate future may be.

Hence, when the EMA8 crosses the EMA20 in either the bullish or bearish direction, there is a strong conviction in that direction.

Consequently, we can then trade that direction with great confidence.

How To Read Webull Charts - How ToTrade Crossover of EMA8 above EMA20
Crossover of EMA8 above and below EMA20 on PINS Daily Chart

In the above PINS daily chart, I highlighted 5 recent occurrences of EMA8 crossover of EMA20.

Three of such instances were bullish (EMA8 crossing above EMA20) and two were bearish (EMA8 crossing below EMA20).

Should you be wondering how often this happens, the answer is more often that you may think.

This strategy of EMA8 is known as the cross of death (bearish scenario) or the golden cross (bullish scenario).

You can use this in your day trading as well on lower timeframes.

I use the 15 minutes timeframes for day trading.

The only difference is that stocks will tend to have multiple directions throughout an intraday thus several of these crossovers may be false positives.

Here is a nice homework for you.

Please use the Live dynamic chart below to study any stock of your liking and try to identify how many crossovers of EMA8 an EMA20 you could have capitalized on using your new learned trading strategy.

The above chart is interactive so that you can change the stock to analyze.

Modify the styles of the Bollinger Bands and EMAS Lines to match our PINS chart from above.

I provided you a watchlist of stocks the right you can start analyzing today.

Feel free to leave me your comments with the results of your Sandbox experience.

Drawing on Webull Charts

Yes you can draw on Webull charts and it is quite easy.

The choices range from basic trendline, horizontal , vertical , extended and ray lines.

Patterns and Fibonacci lines are also available.

As you may know from my YouTube videos, those are my personal favorites.

To make it an all around great experience charting on Webull App, you will be able to add Text annotation to your charts.

How To Read Webull Charts - How To Draw Fibonacci Retracement on Webull Stock Chart
Fibonacci retracement on Webull PINS chart

Above you can see the Fibonacci retracement of PINS stock between the High of $87.46 and the Low of $53.94.

Trading Fractional Shares on Webull - How to Buy Fractional Shares

Fractional Shares Trading On Webull – 2021 Easy Guide

Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors. A week later, we now can officially trade Fractional shares on the Webull App trading platform. This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull. What Is Fractional Shares Trading A fractional share is less than a whole share of a stock. That is a partial …

Read More

900% Profit on QQQ Option Trade

How To Trade QQQ Options For Big Profit

QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step by step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March …

Read More

Option Trading Success stories - How we made 3400% ROI on #Doordash options

Option Trading Success Stories

Option Trading Success Stories are meant to inspire aspiring traders as well as motivate “struggling” ones. In this article, we aim to bring you the option trading success stories from Successful Tradings traders. Our goal is to show that ordinary people can achieve success in this profession by following the simple concepts and discipline required. Option Trading Success Stories | What is Success ? Over the last year, I launched an option Trading Education platform under the brand Sucessful Tradings. …

Read More

How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use The Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …

Read More

How To Trade Options on Webull : 2021 Step-by-Step Guide

Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the the training course offered on the App version of Webull, …

Read More

How To Include Multiple Chart Layers

Displaying multiple layers on the charts is a very nice convenience to avoid going back and forth to look for needed information.

To do so, simply select from the view below which layers you would like to see and hide the ones you rather not have on your chart.

How To Read Webull Charts - How To Use Webull Charts Layers
Webull Charts Layers Selection

Corporations actions are Earnings, Dividends or Investors days when the company is providing updates to analysts.

How To Setup Dual Charts On Webull App

Dual charts on webullprovide you will the abilityto see twocharts simulatenously.

This can be advantageous when trading two stocks and following their progress on their chart.

I used this feature during the writing of this post as I was making nice profit on PINS ( over 100% gain on 71 JUL16’21 71 PUTS) and AMC29 PUTS. These ran from 26 cents to over $1.

Here is the what the dual charts for these two stocks look like on my Webull mobile App.

How To Read Webull Charts - View of Dual Charts for PINS and AMC stocks
Dual Charts View for PINS and AMC

Are Webull Stock Charts better than TradingView’s ?

Most brokers do not put enough emphasis on their charts.

I know several ones who leverage the advanced charting capability of TradingView.

Hence the question, how does Webull charts measure the the standard ?

The Replay Button on Webull Charts

Just the presence of the awesome Replay feature on Webull chart puts its above 99% of the other brokers.

Therefore, Webull Replay matches what TradingView has been providing to traders for years.

One main difference in favor of Webull is that this feature is free whereas you will need a paid version of TradingView to enjoy it.

How To Use The Compare Feature on Webull Stock Charts

Not to be outdone by the Tradingview high standard, Webull charts provide you the ability to compare up to three stocks on the same chart.

The reference stock (PINS in the view below) is charted and the compared one moves is shown as a % for the selected time window.

As you move your time window, the reference date change and the % change adjusts automatically.

How To Read Webull Charts - How TO USe the compare ffeature on WebullCharts
Webull Compare Feature Showcasing PINS vs AMD

CONCLUSION

We shared an in depth scrutiny on how to use Webull intuitive and innovative charts.

Having the ability to quickly perform technical analysis is key for traders either on the GO or behind their desktop.

I encourage you to take advantage of the strategy we outlined within this discussion to take your trading to the next Level.

900% Profit on QQQ Option Trade

How To Trade QQQ Options For Big Profit

QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step by step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March …

Read More

How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use The Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …

Read More

How To Trade Options on Webull : 2021 Step-by-Step Guide

Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the the training course offered on the App version of Webull, …

Read More

How To Trade Options - A Watchlist of Options contracts with bid and Ask Price

How To Trade Options: The Ultimate Step-by-Step Guide

Want to trade options? Good for you! It can get pretty complicated though so you’ve got to make sure you’re doing it right. Luckily, you’ve found us! We’ve got all the answers. Ready to find out about how to trade options like a pro? Let’s get into the details.

How To Safely Overcome Pattern Day Trader Rule in 2021

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.

How To Safely Overcome Pattern Day Trader Rule in 2021 - Chart illustration of PDT Rule
US Day Trader Pattern Rule for Margin Account Under $25000

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.

Then, you will need to aa $250000 – $24000 = $1000 to get out of Pattern Day Trader Restrictions.

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.

The challenge of this workaround is that you will need to deposit money in all these accounts.

I know a great deal of traders who use this setup and get by just fine while trying to grow their accounts to $25,000 and more.

You can just imagine the gymnastics you will have to go through in keeping track of how many round trip trades you are execucting in each account.

Though it is not impossible but you have to agree that this is rather a poor solution to the PDT rule.

Offshore Trading Account

Another recent technique to overcome PDT rule is to use an offshore trading account.

I do not know about you but I am very weary of such accounts because they do not provide the Financial security provided by the US Financial industry.

The last thing you want to be dealing with is spending wondering if your money is safe.

Trading is hard enough on its own to add this extra stress level.

Brokers with No Pattern Day Trader Rule

List of Offshore brokers you might be interested in.

Best Way To Workaround Pattern Day Trader Rule

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.

You may be wondering how you can trade in todays stock market without leveraging a margin acccount that usually can multiply your buying power by 3 or 4 times.

Here is our suggestion to help grow your account with very little Risk.

Grow Your Account with Proven Strategies

Option trading provides a great deal of leverage for small account traders.

You can start small while you re still learning and grow your account quite rapidly with our proven trading system.

Check out how many traders are taking advantage of our 10-Baggers Trading System.

CONCLUSION

The Pattern Day Trader Rule was explained in details with easy simples examples.

We explored the best ways to overcome this restriction for small account below $25000.

Now, I would like to encourage you to apply your learning from this article to help you Take your Trading to the NExt Level.

Top 10 Investing Podcasts To Skyrocket Your Investing Skills

Top 10 investing podcasts to skyrocket your investing skills

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.

Top 10 Investing Podcasts to Skyrocket your investing skills - What are investing Podcasts
What Are Investing Podcasts ?

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.

Top 10 Investing Podcasts to Skyrocket your investing Skills - Motley Fool Podcasts
Motley Fool Podcasts are among the Best ones for Beginner Investors

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.

When: Every Friday

Where: Motley Fool, Spotify, Apple Podcasts, Google Podcasts

How Long: 40 minutes

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.

When: Saturdays

Where: Spotify, Apple, Website

How Long: 45-60 minutes

Stock Club by MyWallSt

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.

When: Every second Friday

Where: StockClub, Spotify, Apple Podcasts, Google Podcasts

How Long: 35-40 minutes

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.

Mad Money Podcast hosted by Jim Cramer

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.

When:  Weekdays

Where: Spotify, Apple, Website

How Long: 45 minutes

Planet Money by NPR – Best Economics Podcast

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.

When: Wednesdays and Fridays

Where: NPR, Apple Podcasts, Google Podcasts

How Long: 15-25 minutes

Digest & Invest by eToro – Best for Quick & Easy Financial News

If you are searching for short podcasts that cover financial issues in a concise and easily consumable way, this podcast checks all the boxes.

In this edition of Digest & Invest, Dylan Holman and Henry Ward analyze the most important market news that has transpired in the last week.

Then the investing podcast hosts explain how it may influence the stock prices of linked firms.

The nice thing about this podcast here is that every episode is only 15-20 minutes long.

This makes it a fantastic choice for individuals who are short on time but yet want to learn something new.

The podcasts are typically focused on three companies every week, with each company’s stock price forecast and prognosis discussed in detail.

Furthermore, certain podcast episodes go into further depth about other asset categories.

Such as indices and commodities, ensuring that you have a comprehensive understanding of what is going on in the financial markets at all times.

When: Wednesday

Where: Spotify, Apple, Website

How Long: 15-20 minutes

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.

When: Daily

Where: BBC, Spotify, Apple Podcasts, Google Podcasts

How Long: 17-18 minutes

Invest Like a Boss – Best for Engaging Interviews

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.

When: Wednesday

Where: Spotify, Apple, Website

How Long: 15-20 minutes

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.

When: Week, fortnight, or month (not definite)

Where: Masters of Scale, Spotify, Apple Podcasts, Google Podcasts

How Long: 30 – 45 minutes

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.

When: Tuesdays

Where: Spotify, Apple, Website

How Long: 60 minutes

best trading journals

2021 Best Trading Journals – For The Disciplined Investor

The Best Trading journals are important for everyone who is serious about becoming a master of the marketplace. Keeping a trading journal is similar to keeping a diary about your life as an investor. Many people use journals to preserve thorough notes of their business transactions. These commonly-used materials are extremely helpful to traders of all skill and experience levels. Trading journals are a very personal resource. Thus the level of detail varies considerably from one to the next. Some …

Read More

Trading Fractional Shares on Webull - How to Buy Fractional Shares

Fractional Shares Trading On Webull – 2021 Easy Guide

Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors. A week later, we now can officially trade Fractional shares on the Webull App trading platform. This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull. What Is Fractional Shares Trading A fractional share is less than a whole share of a stock. That is a partial …

Read More

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

Bio Forum By Bill Spetrino

Is Bio Forum By Bill Spetrino Legit or Scam -Full Review

Willing to help your children, grandkids, or yourself in achieving financial independence? If so, then why don’t you try Bio Forum By Bill Spetrino? It is designed to allow Bill to communicate with a small group of customers and alert them directly about investment possibilities. More specifically, in the most timely manner, this forum has proven to be extremely successful. What is Bio Forum By Bill Spetrino? You’re probably seeking additional information about Bio Forum By Bill Spetrino. Moreover, whether …

Read More

How To Safely Overcome Pattern Day Trader Rule in 2021

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 …

Read More

FUTU MOOMOO Trading App Review

Futu Moomoo Trading App - Great Trading Platform for Beginners

Moomoo trading Platform may be a newcomer to the trading platform arena in the US.

But this one comes in with the backing of non other than investing.com.

In this review of MOOMOO Trading App, I will reveal one thing that makes this a clear standout you must include in your trading arsenal.

What Is MOOMOO Trading App ?

I came to know MOOMOO trading App from Investing.com App.

As you may or not know, I regularly use the investing.com App for my day trading in pre-market and after hours.

Inside of it, I recently spotted MooMoo and my curiosity led to me to this.

FUTU MOOMOO Trading App Review - MooMoo App is featured inside Investing.com App as a Top broker
Offers from MooMoo Trading App

The Moomoo App is a trading platform from MOOMOO, In which offers financial services through Hong Kong based Futu Inc.

This venture is backed by investing.com.

It is through this partnership that Moomoo App is featured on inveting.com App as a Top broker.

Which countries does MooMoo Serve ?

As a broker-dealer, FUTU has an already international presence.

The expansion into the US is following the footstep of another recent newcomer in this space namely Webull.

The focus for Moomoo App is on the Following 4 countries financial markets.

  1. United Stock Market
  2. Hong Kong stock market
  3. China Stock market
  4. Singapore Stock market

Investors in these countries will find the application very much in tune with their respective financial securities

How To Create Your MOOMOO Trading Account

Creating a Trading account on Moomoo App is relatively straightforward.

You will need an email and a password.

After this step, you can already access with the demo accounts.

Yes, I will come back to this later below.

However, for a full account, you will need the following items as displayed below.

FUTU Moomoo Trading App Review - How TO Create your Moomoo Trading Account
Required Information To Create a Moomoo Trading Account

A Social security number, a valid US address and you employment status is what is required for US residents to open a Moomoo trading account.

The process is quite easy overall and you will be ready to start trading whatever.

What Financial Instruments Can You Trade on MOOMOO App ?

On top of the choice on which of the 4 equity markets you would want to trade, you also have the choice of financial instruments.

Stocks and options on the US stock markets are the obvious choice for many traders.

Moomoo also offers Crypto trading.

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.

FUTU MOOMOO Trading App Review - Futures Listing in the App
Line Up of Futures Securities inside Moomoo Trading App

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.

AMERICAASIAEUROPE
S&P 500 Index (SPY)Hang Seng IndexUK FTSE100 Index
Dow Jones Industrial Average (DIA)Hand Seng China Enterprises IndexGerman DAX30 Index
Nasdaq Composite IndexHang Seng China Affiliates IndexFranceCAC40 Index
SSE Composite IndexNetherlands AEX Index
Shenzhen Component IndexItaly 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 APPSMemory Used By APP
TradingView53 MB
Investing.com App83 MB
ZOOM 140 MB
Instagram 175 MB
Webull APP202 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 intothe arena.

The cost per contract fee is in line with the other US brokers at $0.65.

I personally pay $0.35 with my current broker while enjoying a high quality trading platform as described in this review.

Best Features of MOOMOO Trading App

Community

#MooMoo US Stock Paper Trading Competition Forum

MOOMOO STREAMS

MOOMOO Trading Platform Education Course

Is MOOMOO The Best Demo Trading App ?

If there is one thing I cannot recommend enough to options traders beginners, it is the need to practice on a demo or paper account.

Finally, there is a trading platform that offers a superior demo trading App.

Yes, Moomoo provides you with not $100000 like ETRADE, but al lthe way to $1Million to gain enough confidence in your strategies.

FUTU MOOMOO Trading App Review - Demo Account with $1 Million for stocks and Options trading
$1 Million Demo Account for Options and Stocks Each

The purpose of the demo account is to aback test your methodologies before going live with real money.

Now you have that at your fingertips and you should take advantage of that.

Notice that they $1 Million allocation on Moomoo App paper trading account is available for stocks as well as options.

Therefore, you will have plenty of time before you run out of Cash despite making rookie mistakes as we all are bound too.

I do not know about you but this is the big game changer for options trading beginners.

Webull is nce but the lack of a paper trading account for options left me a little bit on the defense side.

Moomoo is clearly addressing this need in a big way.

Futu MOOMOO Customer Service Review

Live online customer Service is available from inside the Moomoo app.

It may seems tricky at first but here is the simple process on how to contact Futu Moomoo Trading App Customer service inside the trading App.

Futu Moomoo Trading App Review - How To Contact Customer Service inside the Moomoo Trading App
How To Contact Futu Moomoo Customer Service Inside the Trading App

Step 1. Locate the Moo” Me Icon on the button right hand side (as shown on the picture above)

Step 2 . Click on the Customer Service green icon

Step 3. Enter your question in the pop up window et Voila.

You may be luckier that I have been so far but do not expect a response outside of market hours.

Instead expect an automated message in the form of encouragement to open an account or invite your friend to enjoy free AAPL stocks.

CONCLUSION

Moomoo Trading App is making its way state side and you ought to take notice if you are serious about taking your trading to the next level.

Why don’t you start the step in your new trading journey the right way today by opening an account with the link below.

Top 10 Best Canadian Dividend Stocks To Buy

Top 10 Best Canadian Dividend Stocks - Very Diverse across multiple industries and sectors

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.

Top 10 Best Canadian Dividend Stocks - Successfultradings.com readership in Canada by province
Ontario, British Columbia, Quebec and Alberta account for 95% of Successfultradings.com readership in Canada

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.

Top 10 Best Canadian Dividend Stocks - Summary by Sectors, Market Cap and Industries
Large Caps are Top of the List for Best Canadian Dividend Stocks

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.

Top 10 Best Canadian Dividend Stocks - Performance Comparison with SPY over recent year put these Canadian stocks ahead
Top Canadian Dividend Stocks outperformed SPY over Last year

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.

ENQ 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.

ENQ 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.

Summary on ENQ Dividend Yield

Current Dividend: 6.6%

What I like:

This stock has been very resilient even in recent pandemic era. It only breached below its 200 moving average once in early 2020.

What To Look For:

Return to increasing Sales growth at the cadence of 2016 to 2020 before the pandemic.

The number of outstanding shares has been ramping up over the last past 5 years.

Should this number stabilize, more investors may begin to come on-board.

Top 10 investing podcasts to skyrocket your investing skills

Top 10 Investing Podcasts To Skyrocket Your Investing Skills

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 …

Read More

7 Best Stock Research Websites You Must Know

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 …

Read More

How To Use Finviz For Penny Stocks

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 …

Read More

Why Is Investing Important

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, …

Read More

Is ESG Investing Definition Living up to its Objective - Example of Sustainability Statement

Is ESG Investing Definition Living Up To Its Promise

When asked about ESG Investing definition, most people will certainly respond correctly to the meaning and spirit of this concept. However, the way the ESG Investing Definition is implemented and carried out by publicly traded companies may not fully meet its desired objectives. Before you choose your ESG investment, it may be worth while taking a closer scrutiny at what goes on behind the fancy reports.

Pembina Pipeline Corporation | PBA.TOR

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.

Summary on PBA Dividend Yield

Current Dividend: 6.1%

What I Like:

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.

Current Dividend: 5.7%

What I Like:

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

Top 10 Best Canadian Dividend Stocks Video

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.

Current Dividend : 5.5%

The Bank Of Nova Scotia | BNS

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.

Current Yearly Dividend: 4.7%

Manulife Financial Corporation | MFC

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. | AQN

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.

Summary on AQN Dividend Stock

Current Dividend: 4.5%

What I Like the Most about AQN Stock:

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.

Current Dividend: 4.5%

What I Like about TU Stock:

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 | CM

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.

Summary on CM Dividend Stock

Current Dividend: 4.1%

What I Like about CM Stock:

After several years of consolidation, the stock recently broke above $100 and signal a turning point.

This type of growth will surely attract new investors into this high paying Canadian Dividend stock.

What To Look Forward To:

Further growth ahead with the technical indicators flashing all Green signs.

CONCLUSION

We presented the Top 10 Best Canadian dividend stocks with average yearly yield over 5%.

For a complete view of other opportunities, Feel free to download our complete Canadian Dividend Stock list below.

How To Profit From Meme Stocks Trading Frenzy

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.

How To Profit From Meme Stocks Trading Frenzy - Illustration of Buy and Hold Strategy vs Panic Selling
Famous Stock Market Meme | Buy and Hold Strategy vs. Panic Selling

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.

How To Profit From Meme Stocks Trading Frenzy - AMC and GME Weekly charts depicting high volatility in 2021
Super Volatile AMC and GME Stocks weekly Charts

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.

How To Profit From Meme Stocks Trading Frenzy - Tracking Short Interest and Days to Cover on Webull Analysis Report
Short Interest and Days To Cover Report | Webull App Analysis Report

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.

How To Safely Overcome Pattern Day Trader Rule in 2021

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 …

Read More

Top 10 investing podcasts to skyrocket your investing skills

Top 10 Investing Podcasts To Skyrocket Your Investing Skills

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 …

Read More

7 Best Stock Research Websites You Must Know

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 …

Read More

900% Profit on QQQ Option Trade

How To Trade QQQ Options For Big Profit

QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step by step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March …

Read More

How To Trade Options - A Watchlist of Options contracts with bid and Ask Price

How To Trade Options: The Ultimate Step-by-Step Guide

Want to trade options? Good for you! It can get pretty complicated though so you’ve got to make sure you’re doing it right. Luckily, you’ve found us! We’ve got all the answers. Ready to find out about how to trade options like a pro? Let’s get into the details.

Why ?

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.

The video Tutorial leverages the Finviz Screener.

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.

How To Profit From Meme stocks Trading Frenzy - Watchlist of 2021 and Beyond stocks
2021 and Beyond Meme Stocks Watchlist | #WEN #SOS #MARA #GME #AMC #SPCE

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.

How To Profit from meme stocks Trading Frenzy - #WEN Stock chart  is breaking out
Is Wendy’s (#WEN) Stock the Next Big Meme Stock ?

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.

How To Profit from Meme stocks Trading Frenzy - RIOT Blockchain daily chart
RIOT Blockchain Stock is struggling to sustain Bullish from early February 2021

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.

best trading journals

2021 Best Trading Journals – For The Disciplined Investor

The Best Trading journals are important for everyone who is serious about becoming a master of the marketplace. Keeping a trading journal is similar to keeping a diary about your life as an investor. Many people use journals to preserve thorough notes of their business transactions. These commonly-used materials are extremely helpful to traders of all skill and experience levels. Trading journals are a very personal resource. Thus the level of detail varies considerably from one to the next. Some …

Read More

Trading Fractional Shares on Webull - How to Buy Fractional Shares

Fractional Shares Trading On Webull – 2021 Easy Guide

Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors. A week later, we now can officially trade Fractional shares on the Webull App trading platform. This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull. What Is Fractional Shares Trading A fractional share is less than a whole share of a stock. That is a partial …

Read More

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

Bio Forum By Bill Spetrino

Is Bio Forum By Bill Spetrino Legit or Scam -Full Review

Willing to help your children, grandkids, or yourself in achieving financial independence? If so, then why don’t you try Bio Forum By Bill Spetrino? It is designed to allow Bill to communicate with a small group of customers and alert them directly about investment possibilities. More specifically, in the most timely manner, this forum has proven to be extremely successful. What is Bio Forum By Bill Spetrino? You’re probably seeking additional information about Bio Forum By Bill Spetrino. Moreover, whether …

Read More

How To Safely Overcome Pattern Day Trader Rule in 2021

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 …

Read More

Stock Options Trading Basics: What Is an Option Chain ?

What IS an Option Chain - Successful Tradings 2021 Logo

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 …

Read More

Best Intraday Trading Tips To Grow Your Account

Beginner and advanced Traders alike seek to maximize their day to day profits.

These Best intraday trading Tips will help you increase your gains while minimizing losses.

You will be able to apply them successfully into your existing trading strategies.

What Is Intraday Trading

Intraday Trading designates the time between the open and the closing of the market.

For US equities markets, intraday trading takes place from 930AM Eastern to 4pm Eastern for stocks.

MAjor ETFs such as SPY, QQQ or IWM allow for an extra 15 minutes of trading up to 415PM Eastern time.

That could be considered intraday trading hours.

The concept of intraday trading can be used in lieu of day trading.

When used in this context, it refers to a trade that the trader intends to close before the end of the closing session.

Why Is Intraday Trading Appealing ?

Stocks generally do not close at the highs or low of the day.

This means that a bullish stock can reach a very high value in intraday trading yet close well below that high calue.

Conversely, a bearish stock can reach a very low value in intraday session and find buyers towards the end of the day.

What this creates in an opportunity for traders to reach high levels of profit intrady day.

That is not the only advantage.

The other advantage is that by taking profit intraday, traders can benefit from a lower entry price the next day.

This is particularly frequent in options trading because the Theta decay will reduce the price of the options for each day that passes by.

Intraday Trading Tips - Example of Intraday Price Fluctuation on FDX Stock on April 13
Example of Intraday Trading Price Volatility | $4 difference between the Intraday High and the Closing Price on FDX stock on 4/14/21

Who should Consider Intraday Trading ?

The previous chart depicts a good example of Intraday price movement.

There was a $4 difference between the Intraday High on FeDEx stock and its closing price.

In most stock report, the recorded price is the price at the end of the day.

Thus it does not always capture the intraday highs and lows.

These variations provides a great deal of opportunities to day traders to can take advantage through stock trading or options trading.

Therefore, Intraday trading is mostly for day traders who can maximize their gains

You should know that you may be limited in a number of day trades you can execute based on the size of your account.

How To Overcome Pattern Day Trader In Small Account

FINRA has a Day Trader Pattern rule that prohibit any account with less than $25000 form executing more than 3 day trades in a 5 day window.

This can become very restrictive for some samll account traders.

How so ?

Imagine you are making a great profit on a trade but unfortunately you ran out of day trades.

Remember, you are only entitled to 3 such trades in a 5 consecutive days.

Well, most traders will not be able to cose that position and record profit.

Just to come the next day and see the profits completely wiped out because the stock has moved in the opposite direction.

There is a fix for this problem.

Call you broker and transform your account from Margin account to Cash Only account.

How To Avoid Losses in Intraday Trading

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.

Intraday Trading Tips To Grow your Account - US Market Trading Clock
US Market Trading Clock

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.

Video On How TO Use the Trailing Stop Feature on Power E*TRADE

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.

What Are Good Some Intraday Trading Strategies

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.

Intraday Trading Tips To Grow Your Account - NVDA stock goes higher after Intraday New High of the Day on 3 Consecutive Days
Bullish Pattern on NVDA Following Intraday New Highs on 3 Consecutives 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.

Top 10 Flow Algo Alternatives

CONCLUSION

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.

It can help you too starting today.

Options Trading Explained: The Truth is out There

Options Trading Explained - Successful Tradings 10 Baggers Trading Strategies

You have heard about Option trading. Maybe you have even taken the steps to try to understand ho w you can profit from it yourself. However, you are yet to fully graph how to go about it. In this tutorial, I will explain Options Trading as you would explain a new concept to a child. Options Trading Explained: What Is a Stock Option ? In this second option trading tutorial, we will explain Options Trading once for all so that …

Read More

7 Must Read Options Trading Books For Beginners

What IS an Option Chain - Successful Tradings 2021 Logo

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.

7 Must Read Options Trading Books For Beginners - Trading Options for Dummies by George Fontanills
George Fontanills Best Seller Options Trading For Dummies

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.

Options Identification

For instance, the options identification table below is completely obsolte nowadays.

7 Must Read Options Trading Book For Beginners - Options identification table
Options Identification Table inside Trading Options for Dummies Book

Such extra information is certainly what makes Trading Options for Dummies book a bit long with 388 pages.

However, that should not deter you from this Must Read Options Trading book.

You can easily skip to the chapter of interest to you without missing the continuity of this great content.

#6 Best Option Trading Book | Mastering The Trade By John F. Carter

The word to “Master” denotes something that you have the highest expertise on.

That is what I like about this book on Options Trading.

It is not just settling for common knowledge.

Au contraire, the bar is set to achieve Mastery level because only then will you be able to attain your desired results.

7 Must Read Options Trading Books for Beginners - Mastering the Trade by John F Carter
Best Seller Mastering the Trade by Veteran Trader John F. Carter

In each new edition, the author is refining the level of expertise in day trading and swing trading.

If this style of trading suits your personality, you will be in for a great treat for knowledge and excellence.

I took great please in the second chapter about the psychology of trading as I have been sharing ever since we started this blog.

#5 Options Trading The Bible

This Options Trading book is actually 4 books merged into 1.

Options Trading the Bible starts with a beginners’ guide and take you all the way to advanced techniques.

It can be overwhelming at first but with patience you will be glad to stick with this one.

7 Must Read Options Trading Books for Beginners - Options Trading the Bible by Carl J. Merrill
Options Trading The Bible 4:1 Audiobook by Carl J. Merrill

I like the fact that it is available in Audible Audiobook version as well.

Which makes it very practical to listen to when at the gym for instance.

#4 Options As A Strategic Investment

In the 5th edition of this encyclopedia (total page count is 1048) on options trading, you will learn more than you have ever done before.

Other than the book itself, you have the opportunity to purchase a study guide so that you can put into application the knowledge you are acquiring.

7 Must Read Options Trading Books for beginners - Options as a strategic investment by Lawrence G McMillan
Options as a Strategic Investment by Lawrence G. McMillan

I have always found it more rewarding to have a study guide when going through any type of book.

In this regard, Options as a Strategic Investment will not disappoint at all.

#3 Top Options Trading Book

Investing Quick Start Guide earned its place in the Top 3 because of the in-depth information it brings to the table.

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.

7 Must Read Options Trading Books for Beginners - Pit Bull By Martin Schwartz
Pit Bull | Lessons From Wall Street Champion Day Trader

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.

Your strength will come from your set of strategies.

I tell traders in our Discord room that one day does not define a strategy or even one single week.

Consistency is developped over a long period of time.

Below is a chart that illustrates the consistency of one of my Successful Tradings /Methodology.

7 Must Read Options Trading Books for Beginners - Successful Tradings Methodology weekly Average Move per stock
Successful Trading Options Trading Strategy has a weekly average move per stock of 8%

Rather than relying on providence or just luck each and everyday.

You will find it quite rewarding and satisfying to spend the time needed to work on this crucial step of your options trading career.

Learn To Divorce Your Ego From The Trade

I have made this my personal mantra to the point where my viewers YouTube have caught on to the phrase: I am not Married To any stock.

Your success rate in Trading Options will skyrocket the moment you master how to leave your emotions out of your trades.

As human beings, that task is not as easy as it sounds.

However, giving that you are now aware of the many snares emotions bring to options trading, you are less likely to repeat this pitfall.

Stern Discipline of Stop Losses

This concept is often neglected in many options trading courses.

I recently had a trader contact me on how to setup trailing stop orders.

Immediately after we finished our discussion, I felt the urge to create this short video

Have Your Priorities In Order

Options trading can get traders into very bad spiral.

Even when you are winning, it is very important to allow yourself breaks.

What this menas is that taking time off to enjoy what matters the msot in your life is perfectly okay.

The market is not going away – at least not anytime soon but we all have an expiration date.

The sad part is that we can be busy making all the money we can trading options.

But if we do not have the health to enjoy the fruits of our Labor, all that work will be in vain.

CONCLUSION

We shared our 7 Must Read Options Trading Books for nay beginner trader.

The next step after acquiring the knowledge from these books is to put it in practice.

Should you need a coach to further enhance your skills, Successful Tradings is an education service to consider.

We have our proven strategies we will help you Master in order to grow your account and achieve financial independence.

How To Read Stock Charts For Beginners

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.

How To read Stock Charts For Beginners - Side by side view of two stock charts
Side by Side View of BIDU and FB stock Charts

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.

How TO Read Stock charts for beginners - BYND stock bullish run posting higher highs
Beyond Meat (Ticker BYND) Daily Chart depicting Recent Bullish Run

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.

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.

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

7 Best Stock Research Websites You Must Know

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 …

Read More

900% Profit on QQQ Option Trade

How To Trade QQQ Options For Big Profit

QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step by step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March …

Read More

How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use The Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …

Read More

How To Trade Options - A Watchlist of Options contracts with bid and Ask Price

How To Trade Options: The Ultimate Step-by-Step Guide

Want to trade options? Good for you! It can get pretty complicated though so you’ve got to make sure you’re doing it right. Luckily, you’ve found us! We’ve got all the answers. Ready to find out about how to trade options like a pro? Let’s get into the details.

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.

  • Banks | MS, WFC, GS, C, BAC, JPM, XLF
  • Bio Pharma | Amgen, MDT, Moderna, ABBV, BHC, GILD, JNJ, Pfizer , Teva, Biogen
  • Oil and Energy | Vale, FCX, MPC, OXY, HAL, XOP, HESS, MOS, LNG, WPC, COP, CVX, XOM

I usually include the corresponding ETFs for the sector as well like XOP for the Oil and Energy.

Why you may wonder ?

Because it is of a great help in learning how to recognize stock chart patterns.

Stocks in a given sector usually have similar trends.

Performance View Vs. Chart View in Baha App

Therefore by going through a watchlist you will get a chance to see whatever pattern they may have multiple times.

That is my secret routine I used to master stock charts patterns.

Spending time analyzing stock charts is the best advice I can give you on this.

How To read stock charts for beginners - How to Go from Performance View to Chart View inside BAHA App (Teletrader App)
How To Go From Performance View to stock Chart View Inside BAHA App (Formerly Teletrader App)

There is not a better way to analyze stock graphs than with BAHA app.

The above view shows you how to easily switch from the Performance view to the stock chart view.

The three ittle dots circled in pink do not exist on the iOs version.

Instead click on the Eye icon just below the “Edit pencil” icon.

A menu wil lshow up eactly as shown and select Chart view to obtain the view on the right.

From there you can select any stock chart and begin your analysis.

I have created a full in depth video on how to setup the BAHA App on my YouTube channel Successfultradings.

How to Use BAHA App ( Formerly Teletrader App) Video Tutorial

Three Easy Indicators To read Stock Charts

In my attempt to keep things simple and to the point for beginner traders, we have selected three indicators you must have on your charts or graphs.

These are:

  • Bollinger Bands
  • Volume weighted Average Price known as VWAP
  • Exponential Moving Average or EMA

I use both the EMA8 and EMA20 as part of the Pro version of Tradingview.

The reason for that is that EMA8 provide the most recent momentum and EMA20 is treated as a long term momentum.

When EMA8 crosses below or above EMA20, that is a strong conviction of the immediate future direction.

A cross below is bearish and a cross above is bullish.

Other Basic Indicators

The next key indicator you can learn about are volume obviously.

This recent article on Volume analysis on webull details its importance in stock charts reading.

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.

How To read stock charts for beginners - U shaped stock patterns on BYND daily chart
U shaped stock patterns (in blue) on BYND daily chart

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.

How To read stock charts for beginners  - Bollinger bands acting as resistance for VUZI stock on the daily chart
VUZI stock Upper Bollinger Rejection Pattern | 5 times in the graph

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.

How to read stock charts for beginners - stock chart pattern based AI trading system has an 8% average weekly move per stock
Stock Chart Patterns Based AI Algorithm has an 8% average weekly 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.

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

900% Profit on QQQ Option Trade

How To Trade QQQ Options For Big Profit

QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step by step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March …

Read More

How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use The Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …

Read More

How To Trade Options on Webull : 2021 Step-by-Step Guide

Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the the training course offered on the App version of Webull, …

Read More

How To Trade Options - A Watchlist of Options contracts with bid and Ask Price

How To Trade Options: The Ultimate Step-by-Step Guide

Want to trade options? Good for you! It can get pretty complicated though so you’ve got to make sure you’re doing it right. Luckily, you’ve found us! We’ve got all the answers. Ready to find out about how to trade options like a pro? Let’s get into the details.

7 Best Stock Research Websites You Must Know

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.

7 Best Stock Research Websites - I Know First Introduction of Machine Learning Research
I Know First Research | Launch of Swing Trading Based on Machine Learning

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.

7 Best Stock Research Websites You Must Know - I Know First commodities Subscription Package
I Know First provides investing Package for Commodities, Crypto, Forex and Interest Rates

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

7 Best Stock Research websites - I know First European stocks Package
German, Italian, Spanish and Turkish Stocks are available in these I Know First Package

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.

7 Best Stock Research websites - Chinese stocks , Singapore Stocks South Korean Stocks are forecasted by I Know First Algorithm
China and Singapore Stocks are featured in this I Know First Package

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.

Forecast Stock Picks for Hong Kong, India , Australia and Brazil | I know First Prediction Algorithm

In case you are looking for other international stocks, here is the second international offer.

7 Best Stock Research websites - I Know First Forecast Algorithm cater to Saudi Arabia, South Africa ,Thailand stocks
International Stocks Picks from I know First

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.

7 Best Stock Research Websites - US Top 5, 10, 20 , 40 stocks Packages prices range from $169 to $349
I know First Top 5, 10, 20, 40 US Stock Picks Price Range from $169 to $349

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.

7 Best Stock Research Websites - I know First Low cost Packages
Low Cost High Volume Package | I Know First Daily Forecast Algorithm

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 Street Video Review

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.

Investing.com App Review - Features of Investing.com
Features of Investing.com highlighting the Tools section

Best Stock Research Tools

The next categories of stock research websites are more like tools.

Each one can with a specific function in your investment or trading decision.

Yahoo Finance

Yahoo Finance has gone through facelift after change of ownership.

Nowadays, it is promoting its Premium service with a lot of new content.

The hiring of prominent staff members can certainly help.

The type of Research Yahoo Finance Premium currently provides may not be as in depth as others.

Therefore, one can really wonder if the Cost of Yahoo Finance Premium is worth it.

TradingView

TradingView is the stock research website you want if you are into technical analysis.

Its charting tool is integrated in a great deal of of trading paltforms.

That means that this is the standard by which others are measured.

The popularity of the charting tools somehow overshadows the fundamental side of this website.

For options trading beginners, I have made videos on how to set up technical indicators.

TradingView Technical Indicators Setup Video

Webinars are available to help teach new investors.

Should you want to specialize on specific stocks.

I recommend setting up alerts for those so that you are always aware of their movement.

You can set up Alerts in both directions (bullish and bearish) using percentage moves for instance.

Finviz.com

With Finviz Elite Features, you will get access to both fundaments research and technical analysis .

Futures and Forex traders can also take advantage of this tool.

I often get the question about the value of the ELite version membership.

My answer is that the Finviz Elite Subscription will more that pay for itself given the quality of the information you get.

How To Use Finviz for Long Term Investing

Long term Investors can easily trend stocks Financial results on Finviz.com.

Inside Trade are another example of insights available on Finviz that can help you in your investment decision making.

Below is our full video on how to use Finviz as a screener for this purpose.

How To Use Finviz.com for Short Term Investing

The scanners of Finviz are very intuitive for anyone who in new to investing.

You will be able to save your settings such that new stocks are automatically added when they meet your predefined conditions.

How To Make Money Trading Options Right - Over 1000 optionable Stocks aabove $20 to trading options from each day
Over 1100 Optionable Stocks above $20 with Good Liquidity to Trade Options From

Day Trading and Swing Trading Using Finviz Elite

My preferred method of using Finviz stock research website is for Day Trading and Swing Trading.

As part of your pre-market routine, you can define set scanners for Earnings or other events that will lead you to trading moving stocks.

Another application for Finviz is for those who specialize in the penny stocks.

Here is our full video on how to use Finviz for Penny Stocks.

CONCLUSION

We showcased 7 Best Stock Research websites to help you in your investing.

May that be for short or long term, you will find great value in each one of these helpful research tools .

Below are recent articles to help you further in your Trading and investing journey.

best trading journals

2021 Best Trading Journals – For The Disciplined Investor

The Best Trading journals are important for everyone who is serious about becoming a master of the marketplace. Keeping a trading journal is similar to keeping a diary about your life as an investor. Many people use journals to preserve thorough notes of their business transactions. These commonly-used materials are extremely helpful to traders of all skill and experience levels. Trading journals are a very personal resource. Thus the level of detail varies considerably from one to the next. Some …

Read More

Trading Fractional Shares on Webull - How to Buy Fractional Shares

Fractional Shares Trading On Webull – 2021 Easy Guide

Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors. A week later, we now can officially trade Fractional shares on the Webull App trading platform. This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull. What Is Fractional Shares Trading A fractional share is less than a whole share of a stock. That is a partial …

Read More

How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill 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 Settings Whether you are using the Webull App or its desktop version, setting up …

Read More

Bio Forum By Bill Spetrino

Is Bio Forum By Bill Spetrino Legit or Scam -Full Review

Willing to help your children, grandkids, or yourself in achieving financial independence? If so, then why don’t you try Bio Forum By Bill Spetrino? It is designed to allow Bill to communicate with a small group of customers and alert them directly about investment possibilities. More specifically, in the most timely manner, this forum has proven to be extremely successful. What is Bio Forum By Bill Spetrino? You’re probably seeking additional information about Bio Forum By Bill Spetrino. Moreover, whether …

Read More

How To Safely Overcome Pattern Day Trader Rule in 2021

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 …

Read More

How To Trade QQQ Options For Big Profit

900% Profit on QQQ Option Trade

QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step by step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March …

Read More

How To Make Money Trading Options Right

Options Trading has been around for awhile now. Yet the elusive question on How to Make money trading Options still remains a mystery for many retail traders. Www will take you through an in depth discussion on How To Make money trading Options the right way in 2021 and beyond. At the end, you will be as ready as you have ever been in Taking your Trading to The Next Level. Does Anyone Make Money Trading Options ? A famous …

Read More

After Hours Options Trading

The stock market has a wide range of trading after hours. But did you know that you can trade Options after hours for big profit. In this article, we bring you a step-by-step guide on how to partake in After hours Options trading and live to tell your friends about it. After Hours Options Trading | Option Trading Market Hours The NYSE market has different open hours for the stocks and options. Let’s first examine the standard hours of operation …

Read More