2021 Best Trading Journals – For The Disciplined Investor

best trading journals

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 traders simply keep track of their entry and exit positions and the outcome of their trades.

Why You Need Best Trading Journals?

Keeping a trading journal is one of the most underappreciated actions by forex traders, both newcomers and seasoned veterans alike. 

It has the potential to be a significant instrument in your trading career. Here are some of the most compelling arguments in favor of using forex journals.

Keep Track of Your Progress

Trading over extended periods of time makes it difficult to recall all of the transactions you made just from memory, making it much more difficult to maintain track of your overall trading performance. 

You won’t be able to see whether or not your selected trading methods are lucrative or whether or not you achieved any of your trading objectives. On the other hand, a trading journal allows you to keep track of your trading actions and progress conveniently.

Increase the Effectiveness of Your Trading Methods

Keeping a comprehensive record of your previous trading actions is important in the forex market. This information is extremely useful since it allows you to identify your own trading strengths and limitations. 

Examining your longer-term data can assist you in determining whether or not you are adhering to your trading plan and whether or not that approach is effective. 

Identifying and tweaking the approach that is not lucrative over the long run is simple if your long-term track record is not profitable.

Analyze Trends and Patterns

To ensure that your transactions are secure and safe, it is best to do so as soon as possible after opening or completing your trades. 

The specifics will still be fresh in your mind while you’re writing down the overall market patterns, which will be helpful. What is the significance of this?

When you gather your notes on the patterns, you may be able to tell if your entrance time was too early or too late based on the timing of your observations.

7 Best Trading Journals

TraderSync – Best Trading Journals Overall

Best Trading Journals - TraderSync Trading Journal
TraderSync Trading Journal

The extensive range of capabilities available through TraderSync has the potential to enhance your trading results dramatically. You may get even more value out of your trading journal using the platform, which analyses your trades and generates informative insights.

When Was TraderSync Launched? 

The platform created in 2014 by a group of programmers who, at the time of its creation, spent countless hours studying about trading and completing courses.

In the end, they realized they needed a tool to assist them in keeping track of their deals.

How Does TraderSync Work?

The built-in trade simulator allows you to experiment with different trading methods without having to lose any of your hard-earned money. This function alone has the potential to save you a significant amount of money over time.

Overall, we believe that TraderSync is a fantastic all-around solution for just about every trader to consider. However, because the free version has some restrictions, you will need to subscribe to the program every month to use its full capabilities.

Because of its arsenal of technical analysis capabilities, TraderSync makes it simple to fine-tune your trading approach as you go. Furthermore, the AI feedback makes it simple to identify and exploit beneficial patterns in your transactions.

Features of TraderSync

The capabilities of TraderSync intended to support the platform’s three primary functions: journaling and backing up your transactions, identifying trading trends, and providing actionable feedback to help you improve your trading results.

Charting Feature

The trade management platform has a number of useful charting capabilities that allow you to keep better track of your inputs and exit points, as well as chart targets, test stop-losses, and other features.

An intraday charting tool is available, which enables traders to monitor price action changes on a minute-by-minute basis and accurately adjust their stop losses.

Analytics and feedback

TraderSync is home to a plethora of analytical tools that may assist you in improving your trade management and identifying crucial moments in a variety of circumstances.

If you wish to do a manual analysis of the trade, you may submit screenshots and make notes to help you remember the facts of the transaction. 

It will also be possible for the trading journal to create automatic trade-specific statistics, such as a depiction of critical insights such as return per share/contract, total return, risk, and so on.

Sharing Feature

It is entirely up to traders to submit their trading results, ideas, custom data (returns, trade size, screenshots, notes, and so on), performance reports, and other information.

In this approach, you can easily provide access to your mentor or trading peers to the features of your trading style and receive feedback on areas where you may improve or where you stand out from the crowd.

Reporting features

TraderSync can create reports that are easy to comprehend and visually appealing, allowing you to get valuable insights from your trading activities. 

There are over ten distinct reporting tools available in the trading journal, allowing you to have all you need to assess your performance from any perspective at the tip of your fingers.

How To Subscribe to TraderSync?

The pricing, which is the crux of our TraderSync review, let’s discuss it. TraderSync has one of the most flexible pricing plans in the niche of trading journal software, and this is a key differentiator.

Which of the four trading account tiers you select determines the fee that you will pay. In order to determine which is the ideal option for you, it is necessary to evaluate how each matches your trading requirements, style, and preferences. 

The following are the TraderSync offerings from which you can choose:

  • Basic Account – free
  • Pro Account – $29.95 per month
  • Premium Account – $49.95 per month
  • Elite Account – $79.95 per month

All paying accounts are eligible for a seven-day free trial period. Here is a comprehensive overview of the features available on each account to assist you in making your decision. 

The gist of it is that you may add an infinite number of trades for each of the payment account types you choose.

How to Cancel Your Subscription for TraderSync?

To cancel your subscription for TraderSync, go to your Profile, select Account Plan, and then select Cancel Subscription from the available options.

Pros

  • All plans are eligible for a 7-day risk-free trial
  • It is possible to trade stocks, futures, currencies, and options
  • Interactive charts and artificial intelligence capabilities

Cons

  • Elite subscriptions are subject to higher pricing

Edgewonk – Best Trading Journals for Beginners

Best Trading Journals - Edgewonk Trading Journal
Edgewonk Trading Journal

This is, without a doubt, the best-designed digital trading journal currently on the market right now. We appreciate the fact that it is simple to use and quite useful.

When Was Edgewonk Launched?

Edgewonk first launched in 2015. More than a trading journal, Edgewonk, a sophisticated data-driven trade analysis tool that you can use to make better trading decisions. 

All of your trades in all currencies and markets across the world are kept track of by you.

How Does Edgewonk Work?

EdgeWonk is a pretty simple program that works extremely well. First and foremost, you must import your trade data. 

There are virtually all trading software programs, including cTrader, Interactive Brokers, MetaTrader 4, NinjaTrader7 and 8, Saxobank, generic Excel imports, and many others. cTrader is the most popular trading software.

The first feature we’d like to highlight is the simulator that comes pre-installed. It is possible to determine how future-proof your trading technique is with this tool. 

And, of course, this may go a long way toward ensuring that you are prepared for various scenarios.

When it comes to using trade journals, one of the most common difficulties users have is that there is simply too much information being transmitted at any same moment. 

Because EdgeWonk comes with filters, you won’t have to worry about how your journal responds to you.

Apart from that, we are completely smitten with the overall style and layout of this specific journal. 

Additionally, it provides you with the opportunity to attach screenshots to each one of your entries, which you may use to visualize your trading performance.

Features of Edgewonk

The features of EdgeWonk are now the focus of our EdgeWonk review, so let’s get to it. Beyond being a well-organized trading journal, the site is also fully loaded with sophisticated features. Let’s have a look at some of the more intriguing examples:

Entry and Exit Optimization

The program will begin evaluating your trades as soon as you have uploaded the necessary information. It will then come up with a better plan for timing your entry and exits in order to maximize your profits. 

It will also provide you with recommendations on the sorts of orders to employ, as well as where to place your stop orders, among other things. The aim of this is to assist you in increasing your success rate.

Trade Simulator

Our EdgeWonk review would not be complete without mentioning the trading simulator function. It is quite beneficial when performing backtests. 

As soon as you enter a sample of trades that is statistically significant, you may run simulated scenarios and portfolios. 

You will be able to observe what outcome you would have obtained if you had traded on specific signals, time periods, and other factors in the past. 

Testing your approach in a variety of circumstances can assist you in determining how resilient it truly is. This will assist you in staying updated about whether or not it will be able to resist market shocks or operate well in various circumstances.

Trading Classifiers with Advanced Technology

The Advanced Trade Data tab, as well as its classifiers, are two features that significantly distinguish the EdgeWonk journal from the competition. 

Once your transaction information has been entered into the system, it will search the data for macro events and other potential patterns that have happened in the time period around the trade. 

The President of the United States or the Chairman of the Federal Reserve, the Governor of a central bank, corporate earnings, global trade wars, and other such events are examples of market-moving events.

How To Subscribe to Edgewonk?

It costs $169 for a yearly membership, and there are no other subscription options available. Visit www.edgewonk.app/register to subscribe to Edgewonk.

How to Cancel Your Subscription for Edgewonk?

It is possible to manage your subscription and even schedule cancellations using the customer site.

Please keep in mind that once you cancel your pro journal, you will no longer have access to any of the features available. You will also lose access to any and all trade screenshots and notes that you have made. You will not be able to retrieve the journal that was canceled.

Pros

  • Keep track of your trading results.
  • Make use of your trade data analytics to your advantage.
  • Increase the effectiveness of your trading activity.
  • Backtest your approach to see how it would have succeeded in a variety of different situations.
  • A cost-effective option that requires only a single payment

Cons

  • Long-term investors may find this investment unsuitable

Trader Vue – Best Trading Journals for Experts

Best Trading Journals - Trader Vue Trading Journal
Trader Vue Trading Journal

Our next best trading journal is moving on quickly, none other than Trader Vue, which comes up at number three on our list. It has been in existence since 2011 and appears to be growing in strength over time.

One of the things we appreciate about this platform is that it allows you to start without paying anything. 

Yes, you read that correctly. You may use their free tier to make up to 100 stock transactions each month without having to worry about being charged a penny.

When Was TraderVue Launched?

Founder Greg Reinacker established the company in 2011, developing it to a platform that supports 100,000+ traders. 

Over the course of 2020, growth in trading was turbocharged — both in terms of active trading activity, and new trading accounts established — and things haven’t slowed down this year.

How Does TraderVue Work?

We believe that TradeVue represents the best value for money among our building’s budget-conscious consumers. The long-term development potential of EdgeWonk, as well as the comprehensive features of TraderSync, remain our top picks.

Even though TraderVue is still in business, their daily journal summary report is as good as ever. Yes, they do present you with a performance report at the end of the day, which includes information on trading statistics and a profit/loss graph.

Tradervue makes it easy to keep track of your trading history by allowing you to import trades automatically from your brokerage account. 

If you want to improve your trading skills, having all of your trading histories in one place and being able to look through them is handy and beneficial. 

You may even post the deals you’ve made with other traders in order to obtain feedback, or you can use them as a model for giving advice to others.

Features of TraderVue

We’ve arrived at one of the most crucial sections of our Tradervue review: the platform’s features and capabilities. It is possible to categorize them into three types: journaling, analyzing, and sharing. Let us take a look at each of them individually:

Journal Features

It is possible to import trades for a variety of asset classes into Tradervue, including stocks, futures, and foreign exchange. You may make use of a number of different capabilities provided by the program. 

Take, for example, the automated price charts that are generated. In your trading diary, once you’ve entered a transaction, you may produce and examine charts on a variety of periods (ranging from 1 minute to weekly intervals), along with the buy and sell points. 

Also, you may write trade and daily notes to make it simpler to analyze a particular transaction when you come back to it in the future. You may also tag and filter your deals to better organize your history and keep everything in chronological order. 

Once you’ve completed this step, you’ll be able to quickly organize, filter, and evaluate your transactions with a few simple mouse clicks.

Analysis

The report and analysis capabilities on the Tradervue platform are the cherry on top of the cake. 

Tradervue automatically generates charts with all of the trade inputs and exits highlighted based on the data that has been supplied. 

Both intraday and multiday reports may be generated by the platform using various parameters.

Feature for Sharing

Last, but certainly not least, you have the option of disclosing your trading history and performance information to other members of the trading community. A number of options are available through the social networking platform function. 

The first step is to decide whether or not to publish your transactions and inform others more about your strategy, including whether or not you followed through with it and what happened as a result. 

It’s important to disclose not just your profitable transactions, but also your unsuccessful ones. Not every trader is a winner, and you will always gain more knowledge from your lost transactions than you would from your winning deals.

How To Subscribe to TraderVue?

Our Tradervue review would be incomplete without discussing the financial aspects of the platform. The Tradervue journal is available in three different pricing options: free, silver, and gold. Here’s a little additional information about each of them:

Free Plan

Includes a basic journal with 100 stock or ETF trade entries every month for the duration of the subscription. You have the ability to produce both summary and comprehensive reports on your trades, as well as to share your trading history with others. 

You may also benefit from automated price charts that are shown on different time periods. It takes only a few seconds to activate using your email address and password.

Silver Plan

Aside from all of the features included in the free plan, the silver plan adds unlimited trade entries, more than 100 advanced reports, MFE/MAE statistics, multiple trading accounts, and a host of other services for a monthly fee of $29 (plus taxes).

Gold Plan

This package contains all of the capabilities of the free and silver plans, as well as risk tracking and reporting features, exit analysis, liquidity reports, and other useful tools and information. The gold plan has a monthly cost of $45 dollars, which is a good deal.

How to Cancel Your Subscription for TraderVue?

You can easily cancel your subscription to TraderVue, by logging into your account. 

However, keep in mind that terminating a membership will result in a subscription credit being credited to your Tradervue account for the unused portion of your paid subscription. Moreover, it may then be used to purchase a new subscription in the future if you so choose.

Pros

  • Trading journal and trading social networking tool that is simple to utilize
  • Advanced capabilities to assist you in analyzing your trade history are available
  • Flexible price choices are available, with a free plan for 100 stocks included

Cons

  • The monthly subscription amount accumulates to a higher amount

Trademetria – Budget-Friendly Best Trading Journals

Best Trading Journals - Trademetria Trading Journal
Trademetria Trading Journal

Although Trademetria has a large number of functions, the monthly fee is extremely cheap. It is a particularly appealing choice if you trade with more than one broker since it allows you to integrate with numerous brokers simultaneously.

Trademetria may not be the ideal option for day traders due to its delayed quotations, but it provides everything most traders want to be successful.

When Was Trademetria Launched?

The Trademetria was launched in 2016. The platform offers all of the important features, ensuring that you have everything you need to analyze your transactions and enhance your online trading performance at your fingertips.

How Does Trademetria Work?

The Trademetria trading journal ticks many of the most essential boxes when it comes to being an inexpensive trading journal with a comprehensive feature set.

To improve your trading strategy, perform better trade analysis, and keep more structured trade notes, you may make use of Trademetria’s tools and features.

Furthermore, the free edition of Trademetria includes a robust feature set, allowing you to get a lot more out of this trading tool without having to sign up for a premium membership.

There are certain limitations to Trademetria, but it is an excellent all-around solution for many traders.

Features of Trademetria

The platform offers a wide range of features and capabilities that may be beneficial to both novice and experienced traders and investors. The trade notebook provides you with the ability to:

Maintain a record of your trading activities

Users can take advantage of a beautifully designed and simple-to-use trade history monitoring tool that includes everything from individual and daily trade entries to image attachments. 

To better represent the circumstances surrounding a particular trade to adding trade remarks and descriptions to the trade history database.

Examine the results of previous projects

You may sort and filter your trades by a variety of criteria, including date, instrument, applied strategy, instrument rankings, and more. 

Additionally, you may watch the increase of your equity over time and produce sophisticated reports on your intraday performance and trading outcomes.

Multiple accounts are being monitored for a variety of metrics

The diary includes over 30 critical indicators that, when taken together, help provide a full picture of your trading habits, goal monitoring, and how it influences your trading performance, among other things.

For example, if you want to track your open PnL or compute risk factors such as profit factor or R-ration of your portfolio, you don’t have to log in to the platforms of all of the brokers with whom you trade. 

Trademetria consolidates all of your positions into a single screen and generates a summary of your overall performance for you to review.

How To Subscribe to Trademetria?

The most appealing feature of the solution is the variety of payment options available, which makes it a universal tool for all sorts of traders. The platform costs are separated into three categories: free, basic, and professional.

It costs $19.95 per month for the Basic option and $29.95 per month for the Pro option. Annual payments are eligible for a 30 percent reduction, which reduces the rates to $169 and $249, respectively, if made in advance.

All you have to do is visit Trademetria and subscribe to the package you like.

How to Cancel Your Subscription for Trademetria?

Customers have the option to cancel their subscriptions at any point. You may cancel your subscription by logging into your account and clicking on the Cancel Subscription option in the Account Plan section.

Pros

  • Tracking the performance of your trading operations
  • A platform that is web-based and can be accessed from anywhere in the world.
  • Functionalities for advanced analytics are available.
  • Included are real-time quotes.
  • Supports equities, options, futures, FX, cryptocurrencies, and contract for difference (CFDs).
  • API and PnL Simulator

Cons

  • Recurring costs

Edgesheet – Best Trading Journals for Forex

Best Trading Journals - Edgesheet Trading Journal
Edgesheet Trading Journal

In addition to being a crypto-only trading journal, Edgesheet will instantly import your transactions from BitMEX, FTX, Binance Futures, and Bybit through API integration.

Edgesheet is a straightforward and straightforward user interface that allows you to monitor numerous accounts, see your trades with all essential statistics, open charts that show your exact inputs and exits, and do a few other things. Edgesheet is free to use.

When Was Edgesheet Launched?

Edgesheet was launched in early 2020. Comparing Edgesheet to Coinmarketman, which I will discuss in more detail later, which is arguably the most significant competitor to Edgesheet in the cryptocurrency trading arena, Edgesheet has less functionality. 

It is designed on the principle of simplicity, which is reflected in the pricing, which is only $19.99 per month.

How Does Edgesheet Work?

Edgesheet, in my opinion, is a fantastic journal for anyone who wants to have a fundamental understanding of their or her crafts and industries.

Those who deal in cryptocurrency will find Edgesheet to be an excellent choice because it allows them to keep a journal that automatically imports all of their transactions and tracks crucial data.

In addition to being a crypto-only trading journal, Edgesheet will instantly import your transactions from BitMEX, FTX, Binance Futures, and Bybit through API integration.

Features of Edgesheet

The following are some of the features of Edgesheet:

All of your trades in one convenient place

Check your open positions and trading history to see how you’re doing. With full-featured charts, you can analyze any trade. 

Statistics and performance metrics may be used to keep track of your trading strategies. Formulate, test, iterate, and refine your competitive advantage.

Support for Multiple Accounts

Binance Futures and Bybit accounts may be linked together so that you can keep track of your whole portfolio in both USD and BTC modes. Prepare your data for individual analysis by filtering it. Trades, accounts, and exchanges should all have labels assigned to them.

How To Subscribe to Edgesheet?

You can easily subscribe to Edgesheet by visiting their official website. You will get the free 14-days trial and afterward, it will be $19.99 per month.

How to Cancel Your Subscription for Edgesheet?

To cancel your subscription, go to your Edgesheet account and cancel your subscription. If you face any difficulty, you can contact their customer support as well.

Pros

  • All of your trades in one convenient place
  • Support for Multiple Accounts
  • Affordable in terms of pricing

Cons

  • Limited features as compared to other trading journals
  • Not suitable for professionals

Coinmarketman – Best Trading Journals for Crypto

Best Trading Journals - Coinmarketman Trading Journal
Coinmarketman Trading Journal

Our next Trading journal is Coinmarketman, which is likely to be a more popular alternative among traders owing to their more active marketing approach, attempts to elevate the concept of journaling to a completely different level.

When Was Coinmarketman Launched?

Coinmarketman was launched in mid-2017. This sophisticated crypto tracking program can help you take your bitcoin investment to the next level.

How Does Coinmarketman Work?

As with Edgesheet, they are a crypto-only journal, although they provide a few more exchanges when compared to the latter.

You can import trades from Bybit, Bitmex, Bittrex, Deribit, Coinbase, and Binance, among other cryptocurrency exchanges.

A simple journal like Coinmarketman is not what it claims to be; it is actually a platform that performs much more than simply integrate your trades through API.

All of your metrics are meticulously monitored; you get real-time price tickers, a grade for your performance, and more.

The fact that they are quite active and continually improving their product, which is already extremely strong, can be seen by their activities.

Features of Coinmarketman

The following are the features of Coinmarketman:

Trade auto-sync

Coin Market Manager’s main benefit is that it allows you to quickly import deals from popular crypto exchanges with the press of a button, thereby giving you the opportunity to track all your coins in one location.

Multi-cryptocurrency tracking

Never make the same mistake again. Gain unparalleled insight into the turbulent cryptocurrency market in real-time.

Use the FIAT watchlist to monitor your preferred FIAT/crypto pairings across various crypto exchanges. The net worth that you have shown on connected exchanges and wallets is increasing.

Better understanding your crypto-investment

For each exchange, there’s no longer a requirement to log in in order to see your cryptocurrency. 

You can keep track of your whole crypto assets using Coin Market Manager. You can examine your whole portfolio balance, including your profit and loss, as well as the number of coins you have in both BTC and USD.

How To Subscribe to Coinmarketman?

Simple Portfolio overview, Real-time pricing, 1 account per exchange, and live browser tab balance are all included in the free Basic Plan. Sign up from their website to start using it.

Active traders may profit most from their premium subscription plans:

Pro Plan: Break-even data, unlimited trade updates, automatic trading diary, and in-depth account analytics are included in the Pro plan. Every month, it costs $41.66

Enterprise plan: For $49.99 per month, get everything in the Pro plan plus CSV downloads and reports.

You may try out Coin Market Manager for 7 days for free before committing to their plan.

How to Cancel Your Subscription for Coinmarketman?

To cancel your Coinmarketman subscription, log in to your account and cancel your subscription. You can also contact their customer support in case of any difficulty.

Pros

  • The user interface is intuitive and straightforward.
  • Keep track of all of your cryptocurrency in one spot.
  • Techniques for refining your methods through the use of journals
  • Advanced analytical techniques
  • Uncomplicated to comprehend a chart of performances
  • Keep track of all of your exchange deposits, withdrawals, and account balances.
  • Balances in real-time, as well as total gains and losses

Cons

  • There is no mobile app.

Journalytix – Best Trading Journals for Stock and Crypto

Best Trading Journals - Journalytix Trading Journal
Journalytix Trading Journal

Jigsaw has developed a platform called Journalytix.

If you are familiar with Jigsaw, you can be confident that Journalytix will be a genuine experience.

Their systems, which mostly focus on futures (but also allow you to record forex, CFDs, stocks, and cryptocurrency). Moreover, provides a comprehensive performance tracker with a built-in calendar and audio news feed.

When Was Journalytix Launched?

Journalyix was launched in 2018 by Jigsaw. The tools highlight trends in trading data that assist traders determine what is working and what isn’t for them.

How Does Journalytix Work?

Leaderboards, group discussions, group analytics, and a management dashboard are all features that are exclusive to the Journalytix software platform.

Aside from that, they collaborate with a number of legacy futures brokers and futures funding businesses. So if you are involved in the futures trading industry, you may find yourself utilizing the Journalytix platform.

They are a good option. However, as a classic retail trader, I would look at either Edgewonk or Tradersync as a next step on list.

Features of Journalytix

The following are some of the features of Journalytix:

Dashboard for Trader Assistance

“Day Overview” combines a real-time audio news feed, economic release warnings, real-time economic news announcements, profit, risk and P&L charting. 

All in one place to ensure that you are always aware of how your day is progressing, how it compares to your typical day, and what events are shaping the days’ action. 

Journalytix “Day Overview” combines a real-time audio news feed, economic release warnings.

Tagging and Journaling in the Workplace

Trade information is immediately transmitted to our computers within seconds of opening or canceling a position on your trading platform. 

A pleasant, unobtrusive notice will provide you with 1-click access to the journal for that position, where you may – voice dictate notes (130 languages allowed), classify the trade, add free-format hashtags and attachments such as screen images or videos, and much more!

Dashboard with Advanced Analytics

Analyze your trading history to understand what is truly affecting your profit and loss – both positively and negatively.

Trade types and free-format hashtags you added to positions may determine which instruments, when the open positions, and what trading habits are truly driving your bottom line.

Playbook

Because nothing is guaranteed to perform all of the time, your playbook serves as a store for knowledge about your trading rules as well as which market circumstances are most appropriate for each setup.

How To Subscribe to Journalytix?

You can easily subscribe to Journalytix packages by visiting their website. Moreover, you will come across the following packages:

  • 14 DAYS FREE, then $47 per month
  • First 14 Days Free, then $399 per year
  • $47 per month
  • $399 per year

How to Cancel Your Subscription for Journalytix?

During the first 14 days, you won’t have to pay anything. Alternatively, you may cancel the recurring payment via Paypal before the 14-day period expires if you do not wish to proceed. 

If you want assistance in canceling your plan, please contact them and they will assist you.

Pros

  • Dashboard for Trader Assistance
  • Advanced Analytics
  • Tagging and Journaling in the Workplace

Cons

  • Limited features as compared to TraderSync

Best Trading Journals Conclusion 

There is no question that keeping a decent trading journal may help you move from being an average trader to becoming a top-tier trader overnight.

However, in order for this to occur, the journal must offer you with the tools and functionality necessary to complete the task at hand.

The seven selections discussed above are all excellent, but you should take the time to examine their essential characteristics in order to choose which one is the most appropriate for your trading style.

best trading journals

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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.

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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

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.

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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.

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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.

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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.

Microcap Millionaires 2021 Review – How Easy To Start Investing

microcap millionaires review

The popular Microcap Millionaires investing program, run by Matt Morris, may be precisely what you’re looking for if you’re seeking to get started trading penny stocks and want to enhance your chances of success along the way.

Microcap Millionaires Review | What Exactly is Microcap Millionaires

Trades in small-cap stocks, often known as penny stocks, may be extremely profitable due to the high level of volatility in the market and the low price per share you pay. 

Not to mention the modest amount of initial money required. Furthermore, if you have the necessary experience, you may frequently generate large profits in a relatively short amount of time.

What Is Microcap Millionaires ?

Unfortunately, microcap stocks are infamous for attracting scam artists, making it all too simple for investors to get taken advantage of and lose money.

The business promises to be able to give guidance on the best techniques for trading small- and mid-cap companies. Is it, however, worth all of the hype? Sometimes all it takes is a simple examination to uncover the truth, and this is one of those instances.

microcap millionaires review - Microcap Millionaires website
Microcap Millionaires Website

Simply put, this is a stock selecting service that is available on a subscription basis and is targeted at investors who are interested in trading microcap firms. 

Beginning operations in 2008, the firm now has over a decade of experience behind it. It now has thousands of subscribers, which is impressive. This demonstrates that a large number of people have confidence in this service.

Ultimately, the program’s objective is to provide traders a competitive advantage in the penny stock market by teaching them the skills they need to succeed in the market.

On a weekly basis, Microcap members receive notifications on the best penny stocks to purchase and sell through the use of an online newsletter template. 

The top choices are selected based on Matt’s considerable trading expertise in penny stocks, ensuring that you receive the highest possible profits in the shortest period of time possible.

Is Microcap Millionaires Good for Beginners?

microcap millionaires review ebook
Microcap Millionaires ebook

Microcap Millionaires, in contrast to other services of a similar kind, are created with all levels of traders in mind, including intermediate and seasoned professionals. 

Beginners, on the other hand, will get significantly more knowledge from this book because it covers so many fundamentals of penny stock investing.

As an example, as a novice, you will learn how to monitor the market objectively, how to expose yourself to price changes, and how to develop profitable trading strategies in order to succeed.

Additionally, the program is designed for those who have a modest trading account and want to expand it into something much larger. 

The service will be beneficial to traders, as well as people who do not have the time to sit in front of their screens all day following stock movement. 

However, individuals who have day jobs will gain the most from the service. This is due to the fact that Matt generally takes care of everything for you, so you don’t have to spend the entire day on the computer.

The Most Important Features of Microcap Millionaires

Weekly Selections

When you join up for the Microcap Millionaires program, you will receive weekly stock recommendations in the form of an email that has the potential to help you earn substantial profits. 

The selections include short-, medium-, and long-term equities to purchase or sell, which makes the program ideal for both short- and long-term investors, depending on their objectives.

In addition, Matt will advise you on the best time to purchase or sell, as well as at what price. Essentially, weekly choices are intended to remove the element of surprise from the situation.

Participation in a Forum

In addition, the program includes a private members’ forum where users may interact with other traders who share their interests. This is a feature that only a small number of stock selecting newsletters provide their subscribers. 

Beginners will be able to learn additional trading methods from more experienced traders in this setting.

Furthermore, by participating in the forum, you will be able to choose from a larger pool of options provided by other users. 

While there are occasions when choices from other traders are as excellent as or even better than those from Matt, you must exercise extreme caution while doing so. 

Furthermore, the forum is a fantastic platform from where you can get all of your issues addressed as quickly and efficiently as possible.

Technical Analysis

Another excellent aspect of this service is that for each stock Matt suggests, he generally includes a technical analysis explaining how he arrived at his conclusion. 

This is a valuable addition to the service. As a result of this research, you will have greater confidence in Matt’s weekly stock choices as a result of the many reasons he chose the specific stock.

You will also be able to observe the selection process for penny stocks, which will be very interesting. Consequently, if you opt to go it alone, you will have a very simple journey ahead.

Keep a Running List of Things to Watch

In addition to the weekly choices, the platform provides a watch list of several stocks that have the potential to be successful in the near future. 

This is intended to offer you an idea of which stocks may be the next big thing, as well as which ones to avoid in order to prevent making losses.

Educational Materials

As a member of the platform, you will have access to a comprehensive range of instructional tools designed to help you learn more about trading microcap stocks from its founder. 

A large number of in-depth and educational films are available, detailing the many techniques Matt employs when making his stock selections.

In addition, fundamental concepts like money management, technical analysis, and resistance are covered in the films. 

There are also a plethora of downloadable reports that include information comparable to that contained in the videos, which will assist you in understanding how and why Matt selects the stocks that he chooses.

As an Added Bonus

According to Matt Morris, after you participate in the program, you will get instant access to the Penny Stock Strategy guide. 

The course, which is exclusively available to members, offers essential information about trading small-cap stocks and is only accessible through the members’ area. 

It also contains additional ideas and guidance that will be beneficial to both novice and experienced investors.

Furthermore, if you sign up for the service before the summer sale period ends, you will receive a discount of about 50% on your subscription fee. 

As a result, rather than paying a $97 monthly membership fee, you will only pay a $49 monthly fee while still receiving all of the benefits of the $97 monthly fee.

How Does Microcap Millionaires Work ?

Members of Microcap Millionaires are assured of getting newsletters outlining Matt’s newest choices through e-mail as long as they remain active members. 

According to Matt, he typically does extensive research on a variety of stocks before making a choice based on his instincts, results, and previous expertise as a microcap trader on the stock market.

All of the key information you need to trade successfully is summarized in the email.

Sign up for the newsletter now!

Additionally, it sends you alerts when certain stock entry and exit points are reached, so you don’t have to rely on guessing.

Normally, when all subscribers receive email notifications on which stocks to trade and then act on them immediately, the stock prices rise by around 20 percent on average. 

As a result, they are able to realize significant profits.

How To Profit From Microcap Millionaires

By quitting the deal, on the other hand, the prices are returned to their previous levels.

As a result, the higher the number of subscribers, the greater the influence that they will have on the stock price after the alert is sent out.

The majority of Morris’s gains, on the other hand, are only realized if the stock acts precisely as Morris said it would.

This is the greatest part: all of his selections are backed by background information on why he selected them, allowing you to feel certain that they have the potential to convert.

Is Microcap Millionaires a Worthwhile Investment, or Is It a Waste of Money?

microcap millionaires review
Microcap Millionaires Data Chart

As you have just learned from reading this Microcap Millionaires review, there is far more to gain from investing in Microcap Millionaires than there is to lose.

My own experience with the newsletter has been overwhelmingly favorable, which is consistent with the majority of the evaluations on the website.

The bad aspects of the experience are completely attributable to the lack of regular alerts regarding what is going on with the stock exchanges at any given moment in time.

Consider combining Microcap Millionaires with another newsletter that can assist you in staying on top of stocks as they move while still employing Matt Morris’ techniques for managing them if that is something that interests you.

Is Microcap Millionaires Reliable ?

One of the most crucial aspects of obtaining financial gain from penny stocks is being aware of what is occurring as it occurs.

Most significantly, the Microcap Millionaires newsletter is a dependable source of information. It’s a dependable system.

It will not try to deceive you or keep the finest selections or methods for success hidden from you, which is essential for you whether you are learning about penny stocks for the first time or have years of expertise in the market.

Investing in penny stocks requires little time commitment and carries little risk.

The Bottom Line

Microcap Millionaires is more than just a stock picking service.

It is also a regular email-based newsletter that aims to teach its subscribers how to identify legitimate small-cap stocks.

These are undervalued and trading for pennies on the dollar, as well as when these stocks are poised to make huge gains. 

It is possible to start picking winning trades even if you do not have much or any trading experience.

If you are a beginner investor who does not yet have much or any trading experience, this program is perfectly fitting for your circumstances.

You can use this newsletter and guide to get started picking winning trades even if you do not have much or any prior trading experience.

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.

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.

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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.

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How To Safely Overcome Pattern Day Trader Rule in 2021

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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.

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 …

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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 …

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How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

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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.

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Option Trading Success Stories

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

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. …

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