I have been trading SPY Options for more than 7 years.
Then in May of 2021, something happened to QQQ Options that changed my mind from that point forward.
Today I will be sharing my experience trading SPY vs QQQ Options so that you can learn from it in order to Take your Options Trading to the Next Level.
SPY vs QQQ – The Popularity Contest
If you have been trading US stocks or options for awhile, chances are you have come to learn about SPY ETF (Exchange Traded Fund).
If not, you can certainly add to the popularity of this instrument over its tech peer QQQ.
According to Google trends, SPY is 10 times more popular in searches than QQQ with their respective score 62 (SPY in blue) vs 4 (QQQ).
The above view represents a comparative live worldwide view of SPY vs QQQ.
For non traders, this popularity contest presents QQQ as secondary trading instrument compared to ins counterpart SPY.
However, you and and I know than this could not be further away from the truth.
Therefore, one can really wonder what’s going on here ?
Let’s try to get you some answers below.
Who Trades SPY and QQQ
Let’s try to find out if Google Trends data may be skewed by the fact that the word
SPY can appear in searches not related to trading ( yeah there are movies about SPY – singular).
In order to do so, I researched data from two popular trading medium.
One is the social media of stock market known as Stocktwits.
The other is none other than the high profile growing trading platform Webull.
Both have this common trending indicator on how many traders are watching each specific stock.
SPY vs QQQ Traders in Stocktwits and Webull Platforms
Instead of just pure searches from Google, I now can present you the real attractiveness of SPY vs QQQ using real traders from Stocktwits and Webull trading platform.
Which one HAs the Edge SPY or QQQ ?
The “traders” numbers may not be as one sided in favor of SPY as Google Trends data but nonetheless, SPY is still clearly leading QQQ ETF.
Just in case you may be wondering what is the big deal about this data on which one of these two ETFs is more popular than the other, please allow me to remind you of the context.
Should you find out that one instrument you are interested in trading can provide more value than a similar counterpart, well you would have discovered an edge that you can take advantage of.
As you may know by now, having an edge is what trading is all about and my goal from this point on is to show you that one of these two has an edge over the other one.
SPY
QQQ
SPY vs QQQ Ratio
Google Trends
62
4
15:1
StockTwits Traders
363K
112K
3:1
Webull Traders
160K
81K
2:1
SPY Vs QQQ Popularity by Medium | Google Trends vs Stocktwits vs Webull Platform
Once I establish that edge from data and my actual trading, all you will have left to do will be to emulate my Trading System to start making money consistently day trading one of these two ETFs.
First, let me show you some similarities between SPY and QQQ.
It has been a year since QQQ Options have introduced intra week expirations. Once the sole privilege of SPY options, Trading QQQ Options with Mondays, Wednesdays and Friday’s expiration has provided more opportunities for day and swing traders alike. My intent is to show you step-by-step how you can leverage Day Trading QQQ Options in 2022 and beyond to take your Trading to the Next Level. Day Trading QQQ Options | What Is QQQ ? Invesco Powershares is the official …
I have been trading SPY Options for more than 7 years. Then in May of 2021, something happened to QQQ Options that changed my mind from that point forward. Today I will be sharing my experience trading SPY vs QQQ Options so that you can learn from it in order to Take your Options Trading to the Next Level. SPY vs QQQ – The Popularity Contest If you have been trading US stocks or options for awhile, chances are you …
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 10 1999. …
The goal of this discussion on SPY Trading System is to show you winning methods you can use this year to successfully trade SPY. The biggest Exchange Trading Fund in the US markets has enough volume and liquidity to make it an attractive vehicle for both bullish and bearish Day/Swing traders. SPY TRADING SYSTEM: OVERVIEW What is SPY ? SPY is the Exchange Traded Fund (ETF) for the Standard and Poor 500 (S&P500). This weighted index represents the biggest 500 …
In this tutorial, we will share numerous examples of how to safely day trade Spy Options for Profit on expiration days. We do this with different techniques. One of which is by using to the Dark Pool Prints for 100% profit in less than 30 minutes. Impressive you may think. But the truth is that Day Trading SPY Options can lead to much bigger payouts. Want to find and learn how you can do it yourself ? Keep reading below. …
Aside from the obvious fact that SPY and QQQ are both Exchange Traded Funds (ETF), they have a big common characteristic that you and I need to explore.
As ETFs, SPY and QQQ are tobe seen as a basket of selected stocks in which each stock has a weighting.
Think of this as ya basket of fruits where some of the fruits have a higher representations.
Such baskets can have 3 apples, 2 pears, one papaya, one orange , one pineapple 🙂
In this case, the fruits are stocks.
Therefore as the importance of some stocks grow higher so will the direction of the ETF be dictated by those stocks.
Now, what if I tell you that even though SPY represents 500 of the USA most powerful stocks, only a handful actually influence the direction of this ETF.
Furthermore, these very few stocks are the same ones that have the highest weighting on the Techs ETF QQQ.
In the Table below, I am summarizing the Top10 Holdings for SPY and QQQ with their respective weighting (importance) in each ETF.
Rank
Stock
QQQ Weighting (%)
SPY Weighting(%)
1
AAPL
11%
6.1%
2
MSFT
10.2%
6%
3
AMZN
7.8%
4%
4
TSLA
4.2%
1.7%
5
Alphabet
4.1%
2.1%
6
NVDA
3.9%
1.5%
7
Google
3.8%
2.3%
8
FaceBook (FB)
3.7%
2.3%
9
PayPal (PYPL)
2.3%
N/A
10
Adobe Inc
2.1%
N/A
Top 8 Holdings of QQQ are also Top 8 of SPY
SPY vs QQQ Top Holdings Review
The first glance at this data reveals that the Top 8 stocks in terms of weight (importance) on both SPY and QQQ are identical.
Let’s spell these technologies stocks out so that it is crystal clear for all that trading (or investing for that matter) SPY or QQQ is basically trading technology stocks.
Apple | Microsoft | Amazon | Tesla | Alphabet | NVDA | Google | Facebook are the most important stocks inside the QQQ ETF.
These only 8 stocks accounts for 49% of the total ETF.
Yes, you are reading this correctly. This same group weights 26% inside of SPY.
Given that SPY has 500 stocks, I do not know about you but seeing that less than 2% of the stocks in SPY ETF account for more than a quarter (26%) of its price is a big eye opener.
In Summary, we have 8 stocks that drive QQQ each and every day while being of great importance in the broader market index SPY.
Hence, once could infer that SPY mostly derives its price from QQQ given that the latter is one of 11 sectors of SPY yet 8 of its stocks have a combined contribution of 26%.
Historical Returns of SPY vs QQQ
In my goal to prove that despite having similar Top 8 holdings, QQQ and SPY differ in their benefits for day traders, I would like to offer you Exhibit # 1 in the form of the the last 10 years returns for each ETFs.
QQQ vs SPY Chart Over Last 10 years
In the view below, I trended both QQQ and SPY from April 2011 to October 2021.
The top line is QQQ while the bottom line is SPY.
The results is very clear.
QQQ vs SPY 10 Year Growth Rate | Advantage to QQQ
QQQ grew 527% over this timeframe vs 225% for SPY.
Which means that as an investor, you would have made 1.3 times more money investing in QQQ than in SPY.
From this data alone, QQQ offers a 134% edge over SPY.
Now, you may be thinking over 10 years is a long time and more importantly, how does this edge translate into day trading SPY vs QQQ.
Because after all, the main objective is to find an edge that is actionable in the immediate future.
QQQ vs SPY Charts Since 2020 | Best Era For Day Traders
In the above 10 year chart comparison of QQQ vs SPY, one detail that was not lost to my eyes is the acceleration of the growth starting in 2020.
We know that the pandemic brought a record number of new traders into the stock market in th e spring of 2020.
Is this the reason for the sudden spike in volatility ?
I am not so sure but regardless of the reason, I have data to show that the last 18 months have provided more opportunities for day traders to make money trading QQQ and SPY options.
More Volatility in QQQ and SPY since 2020
In my research for this article, I gathered daily price actions (Open, High, Low and Close) for QQQ and SPY from 2018 to now.
With this information, I was able to determine the average move (also know as the ATR or Average True Range) for each eTF.
The great insight I can provide is that I further broke these daily moves for QQ and SPY into bullish and bearish studies.
This means that I am able to tell by how much the average daily moves are on bullish days vs bearish days.
Average Daily Bullish Move (QQQ)
Average Daily Bearish Move (QQQ)
2018
0.76%
-0.89%
2019
0.55%
-0.57%
2020
1.06%
-1.08%
2021
0.76%
-0.92%
QQQ Average Daily Moves Spiked in 2020
In comparison to 2018 and 2019, 2020 average daily volatility spike above 1.06% and -1.08%for bullish and bearish days respectively.
This means that options traders made more money day trading QQQ in both market conditions because the moves were bigger.
2018-2019 vs 2020-2021 Volatility
Though that trend subsided a little bit in early 2021, the recent numbers are still higher than 2018 and 2019 averages by at least 17% .
For the bullish days (+0.76% vs 0.65% in 2018-2019) and 26% for the bearish days (-0.92% in 2021 vs. 0.73% in 2018-2019).
Now, if I was able to provide similar data for SPY, we will really be able to determine which one of the two ETFs has an edge over the other one for day trading of options.
Lord behold, I have that data as well.
Here it is.
Average Daily Bullish Move (QQQ)
Average Daily Bearish Move (SPY)
2018
0.55%
-0.89%
2019
0.42%
-0.46%
2020
0.91%
-0.79%
2021
0.54%
-0.92%
SPY Average Daily Moves Spiked in 2020
What does the SPY Daily Average moves study from 2018 to 2021 tell us ?
A great deal.
SPY Volatility Spike in 2020
First of all, the same spike in 2020 we described on QQQ is also true in SPY when comparing volatility in 2018-2019 vs 2020-21.
So yeah SPY options traders have been makin more money recently over the last 18 months.
However, the meat of the data is the fact that QQQ daily moves even prior to 2020 are far higher than SPY average daily variations.
This is true for both the bullish and bearish days when we read the QQQ table and SPY table over the same year.
How much of an Edge does QQQ offer to Options Day traders ?
Here is the Summary view below year after year in each market condition.
QQQ ATR better than SPY ATR by(%)
2018
2019
2020
2021
Bullish Days
38%
31%
16%
40%
Bearish Days
44%
24%
37%
76%
QQQ Average Daily Moves Compared to SPY by year by Market Condition (Bullish and Bearish)
The above table is the main take away I want to give you today on why day trading QQQ options over SPY Options is better for you as a trader.
On bullish days, QQQ options will give you in average 40% more profit compared to your fellow SPY traders.
I do not know about you but that is all I need to make QQQ my favorite ETF to day trade Options with in 2021, 2022 and beyond.
There is just one major fact I need to reveal to you to fully close this tutorial.
What Makes SPY and QQQ Attractive for Options Day Traders
The main reason I trade SPY more than any other stock is the availability of mid week options.
Meaning that we do not have have to wait until Friday for Expiration.
Why does that matter ?
Because with closer Expiration date on Mondays, Wednesdays and Fridays, the cost of options is small.
Which menas that you do not need thousand of dollars to trade otpions.
Better yet, you may not even need hundreds of dollars to do so as illustrated in the short video below showcasing how I am able to trade very cheap options as low as with $1 !
How To Trade SPY Options for Profit
In case you are new to this blog, may I suggest you read this expose on how to trade SPY options for profit that I have been using to consistently get great results.
It is a very simple and effective technique that leverage the volatility of weekly options.
As supporting evidence, there are the many videos I shared on my YouTube channel about this very methodology on weekly SPY Options.
WHY IS QQQ Options Trading More Lucrative Than SPY Since MAy 2021
Since 2018, SPY has been the only ETF to provide mid-week expiration for options.
Until May of 2021 when Market Makers finally decided to to introduce Mondays | Wednesdays | Fridays Expiration for QQQ options.
This is a big game changer for this options trader.
Why ?
Remember how I spent the majority of this discussion explaining that QQQ daily move are higher than SPY ones ?
Consequently, with the introduction of mid-week options on QQQ, this means that QQQ traders will make more money day trading QQQ options on expiration days in lieu of SPY.
QQQ Options Payout in Our Discord Since Introduction of Mid-Week Expiration
QQQ vs SPY Story Inside My Discord Room
That is exactly what I have been doing since the first week of May 2021.
Even though I still keep an eye on SPY, 99% of my day trade on Mondays, Wednesdays and Fridays expiration have been on QQQ.
Do not get me wrong, there is still money to be made on SPY Options on expiration day
However, since the research data I provided earlier shows that there is even more money to be made day trading QQQ options on Expiration days, why not focus exclusively on this technology ETF.
SPY vs QQQ | Change of Discord Room Name
Let me share this cute story from last week regarding SPY vs QQQ options trading.
One of the Room in My Discord channel is was named “The SPY that Pays Us” when I first created the channel.
Recently, given the slew of QQQ options trades we have been enjoying ( see videos on YouTube here ), Nick a new trader simply asked me: “Why are we still calling this channel the SPY that Pays US ?
Recent Name Change of former SPY Discord Room to ” The QQQ That Pays Us”
I did not even think about it twice and said: yeah, I agree.
We needed a name change and so we did.
The new room where I post the strategies related solely to QQQ is called ” The QQQ that Pays US” 🙂
Statistics of Numbers of Trades SPY vs QQQ
Just from may Discord channel using the Data posted in the newly renamed “The QQQ that Pays US” room, I have gathered all the outstanding trade on QQQ since early May.
The data features 30 trades on QQQ with average profit of 760% !
Our strategy consist of entering trade on Gaps in the morning .
We setup strangle with strike price about $3 away from current price in each directions.
Then at the close, we can do a similar technique in the last hour or simply follow the closing momentum.
Trading stocks on margin entails borrowing money from a broker in order to make a transaction. But is it worth trading on Margin? Let’s find out.
A margin account improves purchasing power while also allowing investors to utilize someone else’s money to raise financial leverage by borrowing money from other investors.
Margin trading has a higher profit potential than regular trading, but it also carries a higher level of risk.
Is It Worth Trading On Margin | What is Margin Trading?
Buying stock on margin implies borrowing money from a broker in order to make a transaction. As a result, you might consider it a loan from your brokerage.
Margin trading permits you to purchase more stocks than you would ordinarily be able to do. A margin account is required in order to trade on margin.
This differs from a traditional cash account, in which you trade with the money that is now in the account. To create a margin account, your broker will acquire your signature.
The margin account may be included in your normal account opening agreement, or it may be a completely different arrangement from your standard account opening deal.
A minimum initial investment of $2,000 is necessary to open a margin account, however certain brokerages may ask for a higher amount. The minimum margin is the amount of money that you put down as a deposit.
How Does Margin Trading works?
Observing how margin trading could play out in the real world is the most effective approach to learn about its complexities.
Consider the following scenario: Jerry has $5,000 in cash on hand, and he wants to purchase a stock that is worth $100 a share. He proceeds to purchase 50 shares of the stock.
One year later, the stock price has increased to $120 a share, and Jerry chooses to sell all of his remaining shares for a total of $6,000.
How Margin Trading Works?
Jerry generated a $1,000 profit on his initial investment, resulting in a $1,000 profit. Generally speaking, this is how the stock market operates.
But first, let’s go back to the beginning of the narrative. Following margin regulations, Jerry could put down $5,000 and then borrow an additional $5,000 to purchase 100 shares of the stock he was interested in buying.
Jerry would gain $12,000 if he performed that leverage trade and then sold all of his shares a year later at the same $120-per-share price, resulting from that margin trade.
Jerry would wind up with a little less than $2,000 in profit after he pays back the $5,000 he borrowed (plus interest) on his loan.
That sounds fantastic, doesn’t it? Not so fast, my friend! Keep in mind that while your winnings are larger, your losses are also larger—this is the downside of margin trading.
A decline in Stock Price
What if the stock price dropped to $80 per share after a year and Jerry decided to sell and take his losses?
Even if Jerry was able to sell all 100 of his shares for $8,000, he would still be required to repay the $5,000 he borrowed (again, plus interest).
After subtracting this amount from his initial investment, Jerry is left with less than $3,000, which indicates he has taken a $2,000 loss. Yikes. If he had just continued to invest his $5,000 in 50 shares, he would have only suffered a loss of $1,000.
Buying on Margin
Purchasing stocks on margin is similar to borrowing money from your broker in order to purchase shares.
The use of margin increases your prospective returns, both for good and for worse, and it is critical for investors to grasp the implications and potential ramifications of doing so.
First and foremost, borrowing money on margin entails paying interest to your broker on the money you’ve borrowed.
For example, at Fidelity, the interest rate on margin balances up to $24,999 is 8.325 percent. With the maximum rate being $24,999. Consider the difference between that rate and the possible yearly return of 9 % to 10 % on stocks.
You’ll quickly see that you’re taking on the risk, but the broker is reaping the profits to a significant extent.
In order to take advantage of margin, you must be concerned about your net profit margin. Which is the amount of money left over after paying interest. And which will be less than the amount of money gained through investing.
Investors should also be aware that brokerage firms have initial margin requirements, also known as minimum margin requirements. It requires the investor to deposit a certain amount of money into their account before they may borrow money.
To utilize margin at Fidelity, you must first deposit $2,000 into your account. The margin requirement for purchasing an individual stock is 50 percent. Which means that if you wish to purchase stock worth $10,000, you must put up an additional $5,000 in equity.
In addition, there are maintenance margin requirements of at least 25 % equity. Which would apply when account values decrease. And that rate may be modified based on how the account performs and overall market volatility, among other factors.
Margin Call
When you have a margin loan that is still owing, your broker may issue what is known as margin call. Which is particularly useful if the market swings in your favor.
When you receive a margin call, your broker may require you to either provide additional funds or sell positions that you presently hold in order to meet the call. If you are unable to cover the call. Your broker will sell your positions in order to make up the difference.
However, if your broker begins to sell off your positions, that broker isn’t concerned with your tax status, your assessment of the company’s long-term prospects, or anything else other than meeting the call.
If the market turns against you in a significant way. For example, if the business whose stock you purchased on leverage went bankrupt and the shares became worthless. You’ll still responsible for the money you borrowed.
What are the Benefits of Margin Trading?
The following are some of the benefits of Margin Trading:
The opportunity to leverage assets
In order to enhance the amount of your investment, you may buy stocks on margin and use the value of the assets you currently own to leverage the size of your purchase.
If the value of your investment grows, you will be able to potentially increase your returns as a result of this strategy.
The ability to profit from share price declines
Short selling is a complex investment technique in which an investor attempts to profit from a decreasing stock price by selling shares at a loss.
You must first borrow shares of stock from a brokerage business in order to sell a stock short. This requires that you have a margin account approved by the brokerage firm.
Win-Win Situation
After borrowing shares, you sell them and then repurchase them at a later period at a cheaper price. Assuming that the price has dropped.
Your profit would be equal to the difference between the proceeds of the initial sale and the amount necessary to purchase back the shares.
The capacity to diversify a portfolio
If your portfolio contains a significant block of stock from a single company. Such as a current or previous employer, you may be placing too many eggs in one basket and risk losing your investment.
The use of your shares as collateral for a margin loan. On the other hand, maybe possible through the use of a margin account.
Once you get the loan funds, you can invest them in other investments. Rather than selling the stocks that you originally purchased with them.
A significant unrealized capital gain and the desire to maintain it that way might make this method particularly advantageous.
A flexible line of credit
A margin loan can be taken out at any time once your account has been approved for margin borrowing. You will not be required to submit any extra paperwork or applications.
It may be advantageous to have immediate access to cash in a variety of situations, such as when you are jobless, when you have an unexpected medical cost, or when you require a rapid means to access cash for any other reason.
If your brokerage account includes a checking account, you may simply write a check to cover the transaction.
Interest rates are at historic lows
With a margin loan, you will be subject to interest charges in the same way that you would with any other loan.
As a result, because margin loan rates tie to the federal funds target rate. Your interest rate may be lower than what you would pay for a credit card cash advance or a loan. Particularly if you have a big amount.
It is possible that margin rates are competitive with rates on home equity loans. But without the hassle of paperwork and application costs.
Flexibility in terms of repayment
As long as your debt does not exceed your margin maintenance requirement. You are free to choose your own repayment plan for your loan.
Interest that is tax-deductible
The interest that accrues in the account may use to reduce taxable income in the future. For further information about your specific tax position, consult with your tax expert.
Participation in advance option strategies
Being approved for both a margin account and options trading gives you the ability to make sophisticated options orders on stocks, ETFs, and indexes, such as spreads, butterflies, and uncovered options on these instruments.
What are the Risks Associated with Margin Trading?
The concept of putting lipstick on a pig isn’t something we’re going to do here; margin trading is a pretty bad idea. This is a terrible concept. Debt is already a bad investment in and of itself—but attempting to invest with debt? That takes dumb to an entirely new level.
One of the most widespread misconceptions is that billionaires gained their fortunes by taking large financial risks with their money.
When Trading On Margin Goes Wrong
Wrong! While it is true that virtually all investments include some level of risk, millionaires keep their risk-to-reward ratios in line by sticking with tried-and-true assets that have a proven track record over a lengthy period of time.
A large portion of the millionaires in the world owe their fortunes to their plain old 401(k) and IRA accounts! The affluent individuals we know do not rely on debt—or, pardon us, “leverage”—to achieve their financial success.
Here’s the deal: every time you put yourself into debt in order to invest. You are putting yourself at risk of financial ruin, and it is just not worth it.
When it comes to margin trading, a few bad decisions might result in the loss of your whole portfolio.
Interests on Margin Accounts
Not only do you run the danger of losing your whole investment if your stocks take a plunge. But you must have to repay the margin loan you took out, plus interest if your stocks continue to decline.
Because of the interest payments and charges you must pay in order to execute your transactions. You might potentially lose more money than you initially invested in some circumstances.
Millionaires understand that accumulating wealth takes time and that there are no shortcuts to success. They don’t take needless chances with their money, and you shouldn’t either.
Failure of Margin Trading
According to media sources, a 20-year-old student in the United States committed himself recently after discovering a $750,000 negative balance in his trading account, according to the report.
The student was trading options through the use of an app that was popular among ordinary investors in the United States.
Interest Rates on Margin Accounts
You’ll be required to pay interest on the amount of the margin loan, just as you would on any other loan you’ve obtained.
Margin interest rates are generally lower than those charged by credit cards and unsecured personal loans; nonetheless, you should conduct your own comparison.
Based on a tiered schedule that is defined by the amount of margin loan taken out, the interest rate is adjustable. If you have a large amount, you will be charged a reduced interest rate.
Debit balance
Margin interest rate
$1 million +
4.000% (3.075% below base rate)
$500,000–$999,999
4.250% (2.825% below base rate)
$250,000–$499,999
6.575% (0.500% below base rate)
$100,000–$249,999
6.825% (0.250% below base rate)
$50,000–$99,999
6.875% (0.200% below base rate)
$25,000–$49,999
7.825% (0.750% above base rate)
$0–$24,999
8.325% (1.250% above base rate)
Ways to Avoid Margin Trading Risks
Consider establishing a cash buffer in your account to assist decrease the risk of receiving a margin call in the future.
Take steps to prepare for volatility; structure your portfolio such that it can sustain large swings in the total value of your collateral without dropping below your required minimum equity.
Invest in assets with high return potential; the securities you purchase on margin should, at a bare minimum, have the ability to earn more than the cost of the loan’s interest payment.
Decide on a personal trigger point, and have additional financial resources on hand in case your balance reaches the minimum required to maintain your margin account balance.
Pay down interest charges on a regular basis; interest costs post to your account on a monthly basis. So it makes sense to pay them down before they balloon to unmanageable proportions.
Alternative to Margin Accounts
A cash account is the only alternative to a margin account. A cash account is a kind of brokerage account in which the investor is required to pay the entire amount of money for the securities that are bought.
Quite simply, your money represents your purchasing power in a cash account. In order to trade, you cannot borrow money.
Keeping track of your settled funds and unsettled monies is essential while operating a cash account. Money has been collected.
Most of the cash collected from liquidation holdings over the past two days is included in the unsettled funds’ category. It becomes settled money once it has been settled.
It is not necessary to count day trades while using a cash account. With your settled money, there is no restriction on how many day transactions you may make.
Please bear in mind that trades are done in a cash account takes 2 business days for the funds to fully settle before they may be utilized to purchase and sell in the same account again. Two business days are added to the date of the trade.
When funds are used to acquire securities that have not yet settled in the account, it is considered a good-faith breach. Because of this, it is quite easy to obtain good-faith violations if you engage in day trading with a cash account and do not have sufficient settled money (GFVs).
Margin Trading – A Quick Summary
Here is a quick summary of Margin trading that will help you to decide whether it is worth it or not:
Margin trading entails a considerably higher level of risk than traditional investment. It is possible that you will lose even more money than you initially invested if the transaction does not go well for you.
However successful your trading is, interest costs on money borrowed might eat away at your profits in the long run.
Assuming that you are completely aware of the dangers and expenses associated with margin trading. It has the potential to improve your earnings and return on investment. It may also make it possible for you to invest in a wider choice of assets.
Investing vs trading in 2021 are two very distinct ways of trying to profit in the financial markets. Both investors and traders seek gains via market involvement.
In general, investors seek higher returns over a longer time via purchasing and holding. Traders, by contrast, take advantage of both rising and falling markets to join and exit positions within a shorter time period, reaping smaller, more frequent gains.
Differences Between Investing and Trading
The following are the 5 key differences between investing and trading:
Basic Difference
Trading usually carried out by individuals who engage in intraday trading and are always on the lookout for growth investment opportunities, in which case technical analysis techniques are used.
They are able to anticipate whether the movement will be greater or lower. On the other hand, an investor is seeking a good return on his or her investment. Moreover, he or she is willing to hold onto their investment for an extended period of time.
Risk
Because there is no hedge against this kind of transaction, the risk associated with this technique is very high, and the amount of money at stake is extremely large due to the lack of downside protection.
On the other hand, an investor may have a suitable portfolio in which the downside of one item will offset by the upside of other assets in order to hedge against the losses.
Market Change
The movement of the market and the indexes is usually due to high quantities of trading activity, and traders. As opposed to investors, have a significant role in changing the market values in this situation.
Strategies
Traders have a preconceived notion of what is going to happen on the upside or the downside. They trade in accordance with this; they have many kinds of trading strategies like the Butterfly, Short sell, Long Straddle, Strangle, and many more.
While an investor has a straightforward and vanilla approach to hold the asset while investing: keep the asset.
Predictability
Because buying and selling transactions take place on a daily basis, returns in trading are both unpredictable and rapid. As a result, an investor must wait a long time before seeing a significant return.
Investing vs Trading in 2021 | Trading Time Horizon
Time Horizon
Day trading requires a daily commitment of at least two hours, which is customary.
The first hour after the United States’ stock markets are formally opened for business is usually considered to be one of the greatest periods to profit from big price movements.
As New York’s lunchtime approaches, the stock market’s activity tends to slow down.
When trading full-time, your overall time commitment should be about 15 hours per week on the low end. And up to 40 hours per week on the high end (if you’re trading the most of the day).
The busiest period for stocks, currencies, and futures in the United States market is around the time of the market’s opening each morning.
Alternatively, global markets (particularly currencies and European equities) tend to be active in the hours leading up to the European open.
What Type of Investors should consider trading?
If you want to opt to trade, you’re far more concerned with the short term and less concerned with the company as an enterprise. You will almost certainly perform any or all of the following activities, for example:
You’re less concerned with whether or not the underlying company will succeed and more concerned with whether or not the stock will generate profits for you.
You want to know what other people think about a transaction because you aren’t just betting on a stock or a mutual fund; and you are also betting on the other individuals at the table.
You may look at short-term price fluctuations, even monitoring the charts by the minute. In order to forecast the optimum moment to buy or sell.
Share price movements influence your decisions rather than the fundamentals of a company.
Age retirement?
In order to be successful in early retirement, you must keep your costs as low as possible while still employed.
After retirement, you may save a few thousand dollars on your season ticket and you won’t have to purchase another custom suit any time soon, but it’s unreasonable to expect to save a lot of money on energy costs.
If you are willing to take chances and trade on your own account, your money will go further.
To be successful in trading, however, you must be realistic about your prospects of making a profit: can your approach truly survive outside the environment of a hedge fund or without the flow of orders that you see on the buy-side, for example?
You might wind yourself duplicating all of the pressures of your day job for a lesser income; this is one of the reasons why my own trade is completely computer-controlled.
Investing Time Horizon
It is possible to invest for the long term (as well as do the study necessary for it) at any time, even if you work long hours in an office job.
When you’re ready to invest in stocks, you may anticipate spending a few hours each month searching for companies that are consistent with your investment plan.
Finding or developing an investing plan will require more time in the early stages of the process.
Some individuals prefer to be more active, devoting a few hours each week to research and other activities (especially if they have lots of capital and are looking for multiple opportunities).
Every few months, or maybe just when they are ready to make another purchase, an investor who prefers to “set and forget” may need to do some research or check on their assets.
What type of Investors is Investing Suited For?
Your concern about investing may stem from a lack of understanding of the market or from the intimidating nature of the first investment choices available in many mutual funds.
If you want to start investing as soon as possible, it’s best to do so as soon as possible. However, there are a few things you should consider before you begin developing your investment portfolio.
The following people should start investing:
You are financially stable
You know where to invest wisely
Investment options are available to you
You are patient enough to adopt the “Invest and forget” strategy
What Are the type of Investments they can consider?
Following a year of decreased spending and a handful of stimulus cheques from the federal government, many Americans are sitting on a large pile of cash in their bank accounts.
Moreover, although the reopening of the economy may result in increased spending on postponed holidays and other pastimes, many people will be searching for ways to put their newly discovered excess to work.
The stock market, as well as almost every other asset class, is flourishing right now, and it may be daunting to dip your toes into the investment waters if you haven’t done so before.
High-yield savings accounts
This may be one of the most straightforward methods to increase the return on your money above and above what you would receive from a traditional checking account.
Customer access to their money is maintained through high-yield savings accounts, which are frequently opened through an online bank.
High-yield savings accounts, which are often opened through an online bank, tend to pay higher interest rates on average than standard savings accounts, while still allowing customers regular access to their money.
The money you’re saving for purchase in the next couple of years, or money you’re simply hanging on to in case of an emergency, maybe put to good use in this account.
Certificates of deposit (CDs)
CDs are another option for earning extra interest in your savings. But they will need you to keep your money in the account for a longer period of time than a high-yield saving account.
When purchasing a CD, you may choose from a variety of terms such as six months, one year, or even five years. However, you will usually be unable to retrieve your money before the CD expires without incurring a penalty.
If you buy one via a federally insured bank, you will be protected up to $250,000 per depositor, per ownership category, if you purchase one through a federally insured bank.
401(k) or another workplace retirement plan
This may be one of the most straightforward methods to get started in investing, and it comes with a number of significant benefits that might be beneficial to you both now and in the future.
In most cases, your company will match a part of the amount you agree to set aside for retirement from your regular salary. If your company provides a match and you do not join in the plan, you are essentially turning away free money from your employer.
Contributions to a conventional 401(k) are made before being taxed. And the funds grow tax-free until the participant reaches retirement age.
Some companies offer Roth 401(k) plans, which enable employees to make contributions after they have paid their taxes. If you choose this option, you will not be required to pay taxes on withdrawals made during your retirement.
Employee pension plans are excellent savings vehicles since they are automated after you have completed the necessary setup steps and enable you to make regular investments throughout your career.
Target-date mutual funds, which manage their portfolios in accordance with a particular retirement date, are another option for you to consider.
As you move closer to the goal date, the fund’s allocation will shift away from riskier assets to account for the fact that you will be investing for a shorter period of time in the future.
Mutual funds
Mutual funds provide investors with the option to participate in a diversified portfolio of stocks, bonds, and other assets that they may not be able to put together on their own otherwise.
Among the most popular mutual funds are those that follow indexes such as the S& P 500, which is made up of about 500 of the biggest corporations in the United States.
Index funds often charge extremely low or no fees to the funds’ investors, and in certain cases, no costs are charged at all.
Due to these low expenses, investors are able to retain a larger portion of the funds’ profits for themselves, which may be a fantastic method to accumulate wealth over time.
ETFs
Unlike mutual funds, exchange-traded funds (ETFs) maintain a diversified portfolio of assets and are traded on a stock exchange throughout the day, much like a stock would.
ETFs do not have the same minimum investment requirements as mutual funds, which are usually in the range of a few thousand dollars to several hundred thousand dollars.
Investing in exchange-traded funds (ETFs) may be done for as little as the cost of one share plus any costs or charges connected with the transaction, but you can get started with even less if your broker enables you to buy in fractional shares.
Both exchange-traded funds (ETFs) and mutual funds (MFs) are excellent assets to own in tax-advantaged accounts such as 401(k)s and IRAs.
Individual stocks
Investing in individual businesses’ stock is the riskiest of the investing options mentioned here. But it may also be one of the most lucrative.
Nonetheless, before you begin trading, you should evaluate if purchasing a stock is a good investment for you.
Consider if you are investing for the long-term, which is usually at least five years. And whether you are familiar with the company in which you are making the investment.
Stocks are valued every second of the trading day, and as a result, individuals who own individual stocks are often tempted to adopt a short-term trading mindset when they invest in them.
However, since a stock represents a portion of ownership in a genuine company. Your wealth will grow in tandem with the fortune of the underlying company in which you invested.
If you don’t think you have the knowledge or the stomach to ride out a bear market with individual equities. You may want to explore the more diversified strategy provided by mutual funds or exchange-traded funds (ETFs).
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
MMAT stocktwits has over 38000 watchers or followers. That did not prevent the stock from diving since from $21 to less than a dollar since June 2021. which beg the question: Is MMAT huge Stocktwits fan base helping new investors make rational decision about this company? MMAT Stock Company Overview Meta Material Inc, is now the official name of the company that used to be called Torchlight Energy Resources, Inc. It has 130 employees and is located in Nova Scotia, …
There has been an increasing interest in OnlyFans potential IPO in near future. Find out how you can buy OnlyFans Stocks and shares should the company decide to go public soon. What is OnlyFans? OnlyFans is the latest social media and content hosting service that enables creators to directly earn revenue from their followers. Think of OnlyFans as an uncensored version of YouTube without the ads. The majority of the creators albeit not all of them comes from the adult …
When it comes to trading and investing, there is always a risk. The trick is to understand how much money you can earn in comparison to how much money you can lose.
Trading
You may be able to earn anything from 0.5 percent to 3 percent each day (on the high end). Even while this may not seem like much, it may amount to anywhere between 10 percent and 60 percent in profit each month.
When dealing with smaller accounts, higher return percentages may be achievable; nevertheless, as your account size rises, the likelihood of receiving a return of less than 10 percent each month increases.
If you engage in day trading, you will see your profits multiply fast. Suppose you start with $30,000 and earn 10% each month.
At the end of the month, you will have $33,000 to start the following month. If you earn 10% again, you’ll have $36,300 in your account. If you earn 10 percent each month for a year, you will have almost $95,000 in your bank account.
Even if you have seven days of losses followed by seven days of wins. You may still end up with a loss overall.
How Much Do You Need TO Gain ?
However, if you’re losing 1 percent or 2 percent of your money each day. Your day trading account may begin to deteriorate very quickly.
For example, if you lose 1 percent each day over the course of seven trading days. Your account might drop from $30,000 to $27,961.96—a loss of about 7 percent of your initial investment.
You would end up with $28,955,43 if you were to start gaining at a rate of.5 percent per day for the next seven trading days after that losing run.
However, you would still be in the red. You’d need another seven days of profits of 1 percent or more to make up for your losses and generate further gains.
Stocks vs Options vs Crypto?
When it comes to trading, selecting between stocks, options and crypto is a hard call. So, here is what each of these choices is all about:
Stocks
The long-term potential for growth (capital appreciation) in stocks is the highest among all investment options available.
Strong, positive returns have often been earned by investors who are willing to hold onto their investments for extended periods of time, such as 15 years or more.
Stock prices, on the other hand, may go down as well as up. As a result, there is no assurance that the business whose stock you own will expand and prosper. And thus there is a risk of losing money if you invest in stocks.
Options
It may be difficult to trade stock options, which can be even more difficult than stock trading.
When you buy a stock, all you have to do is determine how many shares you want to purchase, and your broker will complete the order at the current market price or a limit price you have established for yourself.
Options trading requires a thorough knowledge of sophisticated techniques and the process of establishing an options trading account. It entails a few more steps than the process of opening a traditional investing account.
The main reason why you must learn how to trade options even if it is not your primary source of investing is the very low barrier to entry.
US stocks are becoming more and more expensive.
However, through options trading, you do not need thousands of dollars to become an investors albeit a short term investor.
Check out Our recent return trading very cheap options for as low as $1.
Crypto
In recent years, cryptocurrency has developed as an asset class that offers investors the opportunity to make significant returns on their investments.
These assets, despite the fact that they are not back by the government, have gained enormous appeal in recent years.
The prospect of making large profits in a short period of time has prompted investors to get on the cryptocurrency bandwagon in droves.
The long-term investor has always come out on top when the market has seen a fall in value. For longer periods of time, the Dow Jones Industrial Average spends more time rising than falling. Allowing for more gains than losses on an annual basis.
When it comes to investing, extensive time frames are necessary. And failure to hold an asset during a prolonged slump may result in losses.
Anyone year may see results that are much greater or lower than 10%. (with negative returns occurring about one out of every four years). Some stocks may never be worth what you paid for them when you bought them.
What are some of the Tools to Start Investing? [Is Automatic Investing an opportunity for you?
Even the most successful investors had to start out someplace, and that was at the beginning.
Knowing where to begin and which route to follow, on the other hand, maybe difficult to discern.
We’ve compiled a list of 3 tools to make the investing process a bit less difficult for individuals who are just getting started.
Personal Capital
Personal Capital is an excellent place to begin your research. The company provides a complete financial dashboard to assist you in evaluating your portfolio’s asset allocation.
It also consolidates your bank accounts, credit cards, and loans into a single location. It allows you to manage everything from a single location.
Betterment
Betterment is one of a growing number of algorithm-based “Robo-advisors” that make investing simple and affordable.
Betterment’s website is simple to use, and it employs straightforward asset allocation strategies to distribute your money across a variety of low-cost exchange-traded funds (EFTs).
WealthFront
Wealthfront, like Betterment, is a Robo-advisor that simplifies and makes investing more accessible for individuals.
It requires a $500 minimum deposit to establish an account, does not sell US government bonds, and provides its customers with access to a unique tax-loss harvesting tool known as the Wealthfront 500, among other things.
How to Limit Exposure to volatility?
When it comes to the markets, volatility often elicits a high level of caution. In fact, market volatility may be visible in both a good and a bad light depending on your perspective.
Low volatility indicates a more stable market (and, therefore, a more stable investment); nevertheless, it also indicates a longer period of time until the financial benefit realized. This is often the case when it comes to the stock market.
Large trading volumes help to improve the stability of the stock market and make it less susceptible to the moves of ‘big fish’ investors.
Nonetheless, because of its ties to governments and businesses all around the world. The stock market is often influenced by geopolitical developments.
In contrast, cryptocurrency exchanges are more volatile than traditional stock markets. Given that this market is still in its infancy, its highs and lows are particularly prominent, making the cryptocurrency marketplace particularly susceptible to the trading moves of ‘whale’ traders.
Whale traders are those who have a huge quantity of bitcoin in their possession. As a result, the whole market may be susceptible to the trading choices of individuals who have a significant amount of money involved.
For example, when news broke that influential investor Elon Musk had invested $1.5 billion in Bitcoin in January 2021. The price of bitcoin surged by 17 percent to a new all-time high, setting a new record.
On the contrary, cryptocurrencies are independent of governments and other global institutions. They are – at least in part – immune to political influence.
What Should You DO: Trading or Investing
Investing vs Trading in 2021
The discussion is usually clear that investing is a strategy that is more effective for the vast majority of individuals than other options.
Is it possible for certain individuals to regularly outperform the market? Without a doubt, there is no question. However, for the majority of individuals, being an investor is preferable to being a trader. And it may require less time and effort as well.
Warren Buffett, the legendary investor, advises that investors routinely invest in index funds. Like an S&P 500 fund, and then hang on to those investments for decades.
This strategy embodies the essence of being an investor. Which is to adopt a long-term perspective while allowing the companies to create profits for you.
Comparative Table
Although we have discussed everything above about the trading vs investing in 2021. However, to summarize all that discussion, here is a table based on capital gains, risks, investment period, and much more:
Criteria
Trading
Investing
Introduction
Refers to buy and sell as per the price movements
Refers to buying and holding the securities for a certain period of time
Investment Period
Generally, in this type of activity, the investment is short-term, and there are quick entries and exits.
While here, investment is for a long term and exit if far off from the entry point
Capital Gains
There are short-term capital gains and only associated with the upside in the security price.
Long-term capital gains can be earned not only with the upside but also in the form of dividends and bonuses periodically.
Risk and methodology
The risk is very high since it is a short-term investment.
Risk is lower comparatively as the investment duration is long.
Types of securities
Only securities or stocks can be traded since there is quick entry and exit.
Different types of assets can be invested in a portfolio like stocks, bonds, notes.
The intention of the investment
The motive is to earn profits and exit the position.
Value investment is made on the company’s functionality, banking on the company’s fundamentals.
Comparative Criteria of Investing vs. Trading
CONCLUSION
Trading may be a lucrative method to earn money on the stock market provided you have the necessary starting cash. As well as the time each day to execute the trades you want.
There are certain prerequisites, though, including a strong desire to earn money on trades and an effective risk management plan.
Investing, like trading, has varying degrees of risk, although, for retail and novice investors. It is often less risky than day trading in general.
If you have limited starting money and do not want to trade on a daily basis. Investing may be a better option for you than trading.
In this modern age, trading stocks is much easier than ever because of many different trading apps. To help you find the best one, we are going to review the top 7 best apps to trade stocks.
Go through all of the features including the fee and commission to select the best one according to your needs.
WeBull
Webull Mobile Application
Webull provides a one-of-a-kind community experience and simple-to-use trading tools that will appeal to the majority of youthful investors. It, however, lacks the trading instruments and functionality to compete with leaders of the market, which also provide $0 in stocks and ETF trades.
Who’s Webull for?
Webull is a self-directed investment and trading platform that appeals to intermediate and expert investors and traders.
Short-term and active traders who want to save money on fees may take advantage of its commission-free structure, which is much less expensive than charges charged by other online brokers.
Despite the fact that the Webull platform’s intuitive features and style may look sophisticated for beginner traders, the platform is nevertheless easily understood. It also provides fractional shares to its clients, allowing even the smallest accounts to participate in the most expensive equities.
Features
Desktop Platform Overview
The desktop platform Webull is the same as the online version. The flexible layout is easy to use due to its widget boxes drag and drop. You can modify it easily.
It contains preset lists like Hot ETFs and important screener and screener capabilities. The fact that novice traders looking to get into the market could simulate a trading strategy using Webull’s online, desktop, and mobile applications.
Web platform charting
Webull provides a standard line of charts comprising many different kinds of graphs, suitable drawing instruments, 50 technical indicators, capacity to add hotkeys, and grid designs, for comparing numerous charts.
On the online platform, we found the charting to be clear and simple to use, and the desktop version was virtually similar.
Market replay
Users may watch time-lapse video replays of stock charts, which is a feature that is exclusive to Webull.
A replay of the previous day’s price movement, although more instructive, provides traders with a unique viewpoint that cannot be obtained from any other broker.
Webull’s Commissions and Fees
Webull, like its major rivals, does not charge a commission on stock transactions in the United States, nor does it charge a fee to establish or maintain an account.
Nonetheless, fees levied by the SEC and the FINRA are applicable.
SEC fees.
There is a $13 fee for a net of $1,000,000 in principal on stock transactions alone, with the $0.01 minimum charge per share.
FINRA fees
On only stock sales, the trading activity fee (TAF) of $0.000119 for each share will be chargable, with a minimum charge of $0.01 and a maximum charge of $5.95.
E*trade
E*Trade Mobile App
E*TRADE was founded in 1982 and was one of the earliest online brokerages in the United States. Some of the company’s features include $0 transactions, two outstanding mobile applications, and the Power E*TRADE platform, which is ideal for newbies, active traders, along options trading.
Who E*TRADE Is For?
For more than a decade, E*TRADE has focused on engaged, active investors as well as high-net-worth individuals with a minimum investment of $100,000. Despite being a top 5 broker in several areas last year, especially in options and trading, E*TRADE’s standing among more active investors has been strengthened as a result of the fee reduction.
The Power E*TRADE platforms are available on both desktop and mobile devices, providing the customers with powerful options analysis as well as strategy-building capabilities.
E*TRADE has maintained a high ranking among the top online brokerages for beginners, owing to its extensive resources and user-friendly interface. E*TRADE, like other major online brokerage firms, offers plenty to offer investors of all experience levels.
Features
Options trading
Power E*TRADE is a great choice for casual and active options traders since it provides the ideal combination of convenience, superior tools (screening through StrategySEEK, scanning through LiveAction), and smooth position management.
E*TRADE has done a great job of bringing new investors into the game by designing Power E*TRADE, which allows you to master options trading without breaking the bank.
Charting
Power E*TRADE’s charting engine is provided by Chart IQ, a third-party supplier of HTML 5 charts highly rated by users.
Panning and zooming are very fluid, and there include an inbuilt Trading Central (Recognia) technical analysis tool as well as 114 extra technical indicators and 32 sketching tools to choose from.
Futures Trading
As with options trading, Power E*TRADE offers a fantastic experience when it comes to trading futures contracts.
Multiple futures ladders may be run at the same time, orders can be sent out quickly and easily due to the Quick Trade widget, and maintaining positions is as simple as it is with options.
E*TRADE Fees
In order to participate in the $0-commission revolution, E*TRADE now charges no commission to trade stocks, ETFs, and the majority of mutual funds.
Options contracts are priced at $0.65 per contract, which is the industry norm, but the price lowers to $0.50 per contract if you make more than 30 transactions each quarter.
Futures contracts are priced at $1.50 per side, which is less expensive than TD Ameritrade, E*TRADE’s largest rival. Although E*TRADE offers lower margin rates than TD Ameritrade, they are still quite costly compared to Vanguard’s rates.
EOption
eOption Mobile App
eOption is quite clear about who it wants as a client and how it plans to fulfill their needs: options traders who know what they’re doing want to switch to their platform and save money on options transactions.
Long-term investors and novices will be turned off by this deep discount strategy, while active options traders will benefit from cheap fees and quick executions.
Who eOption Is For?
eOption is aimed at options and stock traders that participate in the markets on a regular basis and who are confident in implementing their options strategies, according to the company.
The firm’s options costs are competitively priced, which appeals to traders who trade in large volumes. Just to put it another way, eOption doesn’t have many bells and whistles, although it will let you trade a large number of options for a cheap cost.
Features
Paper trading
For investors who are new to trading (and particularly options trading), eOption offers an appealing feature: a free paper trading tool that is accessible to everyone, including those who are not customers of the company.
This provides investors with $100,000 in virtual cash to utilize while they study and assess trading ideas, test methods, actively monitor the performance of a simulated portfolio, and establish a watch list – all without putting any real money at risk.
Low options contract fee
Many brokers no longer charge a basic commission on options transactions, requiring traders to pay just a per-contract fee, which is typically about $0.65 per contract on most exchanges.
When you trade options with eOption, the cost is $1.99 plus a 10 cent per-contract charge. In other words, investors who regularly trade four or more contracts in a single transaction will come out on top when they do business with eOption.
Margin rates
Take notice, margin traders: eOption offers some of the most competitive margin rates accessible. At the end of 2020, account balances were based at 7.75% at a base of less than $25,000. If you have a balance of $250,000 or more, you may get as little as 4.75 percent interest.
eOption Commission Fees
Prices for options are $3.00 plus $0.10 per option.
Listed stocks: $3.00 per share for market.
Stocks (foreign): $39 per share
Extended-hours stocks: $25.00 (plus $0.003 per share for each additional 5,000 shares).
Mutual funds are priced at $14.95 per share.
Bonds: $5.00 each bond for the first 25 bonds, $3.00 per bond for each subsequent bond
Orders placed with the assistance of a broker will be charged an extra $6.00.
Robinhood
Robinhood Mobile App
Despite the fact that all online brokers now provide $0 stock and ETF transactions, Robinhood’s lack of trading tools as well as research puts it at a disadvantage in comparison to the rest of the market.
Who Robinhood Is For?
Robinhood is best suited for first-time investors who want to trade in tiny amounts, such as fractional shares and cryptocurrencies, and who don’t want to spend much time doing research beyond looking at what other people are doing with their money.
The general simplicity of Robinhood’s app and the website makes it incredibly simple to use, and the fact that it charges zero fees appeals to investors who are very cost-conscious and trade in tiny amounts.
Having said that, the offers are very rare in terms of research and analysis, and there are significant concerns regarding the quality of the trade executions themselves.
Features
Trading tools
Trading tools and features are limited compared to category leaders on Robinhood’s website. For instance, charts are essential, with just four accessible technical indications.
In the meanwhile, TD Ameritrade provides more than 400, and TradeStation offers over 300. TD Ameritrade and Charles Schwab provide their own live broadcast with in-house specialists throughout the day.
Fractional shares
The greatest power of Robinhood found in its simplicity. For instance, its recurring investing feature allows you to invest a set dollar amount on a regular basis, such as once a week.
Similarly, Robinhood will automatically reinvest any earned dividends on stocks or ETFs when you activate Dividend Reinvestment (DRIP) in your account, provided that its associated symbols promote a fractional share trade.
Commissions and Fees
How Robinhood makes money
It’s a free service for Facebook (FB). In order to avoid charging a membership charge, money is generated through gathering your user information and selling advertisements. In the case of Robinhood, it is also a free service.
However, Robinhood will sell your order flow (the right to complete your transaction) to wholesale market makers instead of selling advertising. Robinhood is thus not really free. In the world of $0 trading today, almost all brokers except Fidelity have the same practice of taking money for order flows (PFOF).
Robinhood Gold
Robinhood Gold was a bad bargain in our tests. It costs $5 per month to receive Morningstar reports, streaming quotations for Level II, and margin trading (which charges 5 percent annual interest).
Competent TD Ameritrade, E*TRADE, and Charles Schwab charge greater margin rates but provide much superior inventory research, commercial tools, client support, etc., for the same $0 per inventory market pricing.
Futu Moomoo
Futu Moomoo Mobile App
Moomoo is another excellent Robinhood option. This is an excellent trading platform if you’re looking for clever trading in depth. It provides both novice and experienced traders outstanding trade tools and possibilities, including sophisticated charting, pre-and post-market trading, worldwide business, research and analysis tools, and most popular free Level 2 quotations.
Who is MooMoo for?
Moomoo has been developed as a smart trading platform, and investors may also benefit from cheap costs.
This mobile trading platform has effectively structured its sophisticated features in 1 app. For novices and seasoned traders, it is free and simple to use. A range of research tools may help you make intelligent investments.
When it’s convenient for you, Moomoo enables you to invest. You can start trading whether you travel or go home by synchronizing personalized settings on various devices. Moreover, no minimum deposit is available to establish an account.
Features
Advanced charting
Moomoo offers personalized amazing graphical capabilities, including basic graphics like bars, hollow candles, full candles, lines, mountains, and sophisticated multigraphs with more than 50 technical indicators, including the VWAP that can even please day traders. All-time periods are available from 1 min, 5 min, to 1 year.
Smart orders
It offers access to advanced stock orders for pre and post-market trade, including stop-limit orderings and trailing stop-loss orders and up to 40 transactions simultaneously.
Longer trading hours
Moomoo does have the longest time to trade with rivals. You may hop back and forth once the news releases from 4 AM until 8 PM EST.
Commission Fees
Moomoo commission rates for your US, Singapore, and Hong Kong businesses are among the most competitive prices available. Moomoo charges, for example, just 0.03 percent of the transaction value for SGX equities and US$0.0049 for US stocks.
At a minimal commission charge of €0.99 for US inventory, HK$3 for HK inventory, and €0.99 for SG inventory, even lower than those of Tiger Brokers and Interactive Brokers (IBKR).
A minimum price of US$1.99 for US stocks is charged for Tiger Brokers, whereas the IBKR charges at least US$1 for U.S. stocks and US$2.50 for Singapore stocks.
SoFi Automated Investing
SoFi Mobile App
In terms of stock market brokerages, SoFi Invest is one of the top options for first-time investors.
Even though SoFi’s app is less feature-rich than some of its larger competitors, this also makes it easier to browse and comprehend if you don’t have a lot of prior expertise in the financial markets.
Who is SoFi Automated Investing for?
SoFi Invest is the ideal option for first-time investors. Who are seeking a straightforward method to get start in the world of investing.
SoFi does not need a minimum deposit to establish an account. So, even if you don’t have a lot of money to invest, you may get start with SoFi.
If you already have other SoFi accounts, SoFi Invest is a fantastic alternative to consider. This is due to the fact that SoFi makes it quite simple to transfer money between SoFi Money and SoFi Invest accounts.
Features
Broad range of low-cost investments
SoFi clients can choose from ten different portfolios based on their risk tolerance and investment objectives.
Each portfolio comes with a diversified selection of low-cost exchange-traded funds (ETFs). That provide exposure to U.S. stocks, developed international stocks, emerging markets, high-yield bonds, and Treasury bonds.
Budgeting and financial planning
SoFi is a standout in this category. All clients get unrestricted access to the financial advisors employed by the firm at no additional cost.
A fiduciary standard, which requires them to act in their best interests, applies to these advisers. Who are Certified Financial Planners (CFPs) with the Series 65 certification (or comparable qualification).
They are also noncommissioned advisers, which means that they do not get any compensation for recommending certain trades or activities.
Savings with a high rate of return
SoFi provides a high-interest savings account, similar to those offered by competitors Wealthfront and Betterment.
SoFi Money is a checking and savings account that pays 0.25 percent interest yearly and is insured up to $1.5 million by the Federal Deposit Insurance Corporation (FDIC), which is six times more insurance than the average bank account.
It also has no account fees and provides an unlimited refund for ATM costs each month, which is a rare find these days.
Fee and Commission
SoFi Invest makes much of the fact that it charges no yearly management fee. On the surface, this appears to be a highly attractive alternative to its competitors.
In comparison, Vanguard Digital Advisor, a fully automated Robo, charges about 0.15 percent of assets under management. While the cheapest level of service on Ellevest is $12 per year, according to their website.
In addition, those rivals either do not provide access to financial advisors or charge a premium for that service if they do.
Fidelity
Fidelity Mobile App
Fidelity Investments continues to grow and develop as a key player in the online brokerage industry.
For the second year in a row, Fidelity’s brokerage service earned the top overall ranking in Best Online Brokers Awards. As the company has continued to improve important components of its platform. While simultaneously committed to decreasing the total cost of investing for clients.
Who is Fidelity for?
Fidelity, being one of the largest brokerage firms in the United States, geared to cater to the needs of the great majority of individual investors.
When it comes to the ordinary buy-and-hold investor, Fidelity’s fully-rounded platform provides a large variety of tools. Moreover, research resources, and other resources, as well as a simple order entry process.
Fidelity provides Active Trader Pro, a downloadable application that includes streaming real-time data. Moreover, a customized trading interface for more active investors and full-time traders.
Despite the fact that Fidelity has comprehensively covered these two main areas. It is crucial to highlight that the company does not presently provide commodities or futures options.
Features
Mutual Fund Evaluator
The Mutual Fund Evaluator investigates each fund’s features in great detail. Although it has a tendency to direct users to Fidelity funds, this is not surprising given the platform’s design.
Options Screeners
The scanners powered by LiveVol include some built-in scans. As well as the possibility to make a custom scan if that is what you like.
If you use Active Trader Pro, you’ll have 26 predefined filters to discover options trading opportunities based on volume. Moreover, open interest, option contract volume (including volatility differentials), earnings (including dividends), and other factors.
A total of about 200 different criteria used to construct bespoke displays for you.
Fixed Income Screeners
Using the bond screener, fixed-income investors may weed out the approximately 120,000 secondary market securities. Those are now accessible based on a number of criteria, and they can then construct a bond ladder.
The yield table updates every 15 minutes and is based on real-time information. Although this scanner is versatile, the interface is not at all user-friendly.
Tools and Calculators
Fidelity provides a variety of tools and calculators to help you with anything from budgeting to evaluating your investing plan.
The Tools and Calculators page displays them all at once. They allow you to choose from a lengthy list of around 40 options.
One of the most important tools is a hypothetical trade tool. It illustrates the impact on your portfolio of a hypothetical buy or sells in the future.
Fee and Commission
In addition to zero trading charges and a variety of more than 3,400 no-transaction-fee mutual funds.
Fidelity also provides superior research tools and a cutting-edge trading platform. The fact that it offers zero-fee index funds and has a stellar reputation for customer service is just frosting on the cake.
Top 7 Best Apps To Trade Stocks – Quick Summary
Knowing the best apps for trading stocks is not enough. We have reviewed each and every best trading app in detail above. However, to quickly summarize the main points of every trading app we have devised a table.
Please keep in mind that it is possible not every app allows you to trade in crypto. Moreover, the same goes for the stocks and options. So, here is a quick summary of our review and you can easily make your decision based on it.
Name
Can Tade stocks
Can Trade Options
Can Trade Crypto
Cost per OptionContract
WeBull
Yes
Yes
Yes
$0
E*Trade
Yes
Yes
No
$0.65
eOption
Yes
Yes
No
$1.99 + $0.10 per contract
Robinhood
Yes
Yes
Yes
$0.002
Futu Moomoo
Yes
Yes
No
$0.65
SoFi Invest
Yes
No
Yes
No Options Traded
Fidelity
Yes
Yes
Only Bitcoin
$0.65
Summary of Best Trading Apps in 2021
The Bottom Line
Beginner investors should seek online trading Apps that are simple to use, have extensive instructional resources, and have top-notch customer service. Moreover, charge minimal fees, and require small minimum account balances, among other characteristics.
In our Best Trading Apps for stocks review, we select E*Trade as the winner because of its user-friendly interface. Moreover, emphasis on online education, and comprehensive trading simulation capabilities.
If you are new to Binance trading App, the Binance Trailing Stop will help you protect gains to maximize your profits.
In this step by step tutorial, you will learn how to easily take advantage of this feature to help grow your trading account.
What is Binance Trailing Stop?
When the market swings, a trailing stop order enables traders to put a pre-determined order at a certain percentage distant from the current price.
Trading using trailing stop orders enables traders to place an order at a predetermined percentage away from the market price when the market moves in their favor.
It assists traders in limiting their losses and preserving their profits when a transaction does not go in the direction that traders deem unfavorable at the time of the deal.
When the price advances in a favorable direction, the trailing stop moves by a predetermined percentage (called the Callback rate).
By allowing a transaction to stay open and profitable for the duration of time that the price is going in the direction that traders want, it locks in profits.
The following stop does not reverse direction and does not go backward. Whenever the market price changes in the other direction by a preset percentage (Callback rate), the trailing stop will close/exit the position at the current market price.
How To Use Binance Trailing Stop?
In reality, the trailing stop order feature is only available in the Futures part of the Binance platform.
Furthermore, you must take advantage of the updated version of the Website. However, trailing stop orders only supported by the most recent version of the trading interface.
If you are now seeing the Old Version, you must click on the icon labeled “New Website,” as shown in the illustration below.
Binance Interface
How to Enable Trailing Stop Order?
As soon as you get to the New Website, you must place your cursor over the triangle next to “Stop Limit” and choose “Trailing Stop.”
Select Trailing Stop
As you can see in the screenshot below, things have changed.
After Selecting Trailing Stop
How Does Binance Trailing Stop Works?
Traders may put a trailing stop order when initiating a trade for the first time, but this is not the usual practice.
The trailing stop order may also put as a reduce-only order with the goal of decreasing or closing an open position, as well as other things.
In the case of a LONG trade, a sell trailing stop order you should place the order above the point of entry into the trade. The trailing stop price rises by a trailing percentage point each time the trailing percentage point reached (Callback rate).
When the price begins to rise, a new trailing stop price will establish. When the price falls, the trailing stop becomes immobile and does not move anymore.
If the price travels more than the preset callback rate from its peak price and hits the trailing stop price, a sell order will issue. The transaction will complete with the execution of the sell order at the current market price.
A “buy” trailing stop order is the inverse of a “sell” trailing stop order in terms of functionality.
In the case of a SHORT trade, a purchase trailing stop order will placed below the entry point of the transaction. The trailing stop price decreases by a percentage of the trailing percentage (Callback rate).
When the price begins to drop, a new following stop price will establish.
When the price rises, the trailing stop becomes inactive and stops moving.
If the price advances more than a specified callback rate from its lowest price and reaches the trailing stop price, a purchase order will issue. It will be necessary to close this transaction with a purchase order at market price.
A sell trailing stop order for a long trade
Callback Rate
The extent to which a trailing stop price will lag the price is determined by the callback rate. The “Callback Rate” box allows you to manually enter a rate in the range of 0.1 percent to 5 percent. The rate range is accessible from 0.1 percent to 5 percent.
Alternatively, fast choices such as “1 percent” and “2 percent” are accessible for choosing in a short amount of time.
Activation Price
Market participants have the option of filling in the price level that activates the trailing stop.
If no activation price is available, the market price will use as the default activation price (which may be either the “Last Price” or the “Mark Price” depending on the trigger type selected).
For a purchase trailing stop order (SHORT POSITION) to be successful, it must be placed with an activation price that is less than the current market price.
In order to satisfy the requirement, the market’s lowest price must hit the activation price at the same time. Unless the price falls below the Activation Price, the Trailing stop order will not activate and will not function.
In contrast (LONG POSITION), in order to place a sell trailing order, the activation price must be greater than the current market price at the time of the order.
In order to satisfy the requirement, the highest price on the market must be more than the activation price. If the price does not rise over the Activation Price. The Trailing stop order will not activate and will remain inactive.
It is necessary to utilize the activation price in order to begin trailing stop loss/take profit only when a price condition is reliable.
In order to safeguard your trade in the event that the trailing stop loss does not satisfy your Activation price condition. If you place an Activation price order, you will almost certainly need to put a Stop loss order as well.
Reduce only-trigger
It is usually self-evident that the trailing stop loss happens to reduce or close your trade. Rather than to create a new position when you utilize it. As a result, in the Advanced section, you must enable the flag “decrease only-trigger.”
In my opinion, it might be helpful as a default flag, but in reality, it is not!
Advanced features include the reduce-only trigger flag as well as the kind of trigger (Last Price and Mark Price)
Advanced: reduce-only trigger flag and type of trigger (Last Price and Mark Price)
The type of trigger
For the trigger, traders may choose between the “Last Price” (the default) or the “Mark Price” option.
If traders choose “Mark Price” as a trigger, the trailing stop will triggered when the Mark Price reaches or exceeds the activation price. Even if the Last Price does not reach the activation price at that time.
Please keep in mind that Binance utilizes the Mark Price as a trigger for liquidation. As well as a metric for calculating unrealized profit and loss.
The Mark Price is usually just a few cents more than the Last Price at the time of purchase. During periods of severe price fluctuation, the Last Price.
On the other hand, may vary substantially and significantly from the Mark Price.
As a result, please keep an eye on the price difference between the Last Price and the Mark Price.
If you would want to alter the Trigger from Mark Price to Last Price or vice versa. You may always cancel the order you have made and make a new order to replace it.
Conditions Associated with Trailing Stop
Please keep in mind that there are two criteria for the activation of the trailing stop order. Which are the activation price and the callback rate.
Both of these conditions must meet in order for the trailing stop order to activated and issued as a market order to close or exit the position.
A sell trailing stop order (LONG TRADE) will be placed if the conditions are met as follows:
Activation Price <= Highest Price and
Rebound Rate >= Callback Rate
A buy trailing stop order (SHORT TRADE) will be placed if the conditions are met as follows:
Activation Price >= Lowest Price and
Rebound Rate >= Callback Rate
How Trailing Stop Differs From Trailing Loss Order?
Using a stop-loss order to assist minimize losses, while using a trailing stop order to lock in profits while also limiting losses is beneficial.
However, unlike trailing stop orders, which are more flexible and follow the direction of the market automatically. Stop-loss orders are fixed and must be manually adjusted.
How to Use Binance Trailing Stop – Pro-Tip
Calculating the optimum callback rate and activation price may be challenging.
To be successful, a trailing stop should have a callback rate that is neither too low nor too high and an activation price that is neither too near nor too far away from the current price.
When the callback rate is set too low or the activation price is set too near to the entry price. The trailing stop gets too close to the entry price and easily trigger by typical daily market fluctuations.
There is no space for a transaction to swing in a trader’s favor prior to any significant price movement.
The transaction will close/exit at a time when the market has had a brief drop. And subsequently rebounded, resulting in a loss.
So, this was all about how to use Binance Trailing Stop. If you have anything in mind relating to Binance Trailing Stop, feel free to share with all of us.
Wondering about what is Betterment Investing? You have come to the perfect place.
Betterment is one of the pioneer Robot advisors, having begun in 2008 with an aim to make investing less expensive and difficult for everyone.
Betterment has been one of the most popular robot-advisor platforms for more than a decade, competing directly with Wealthfront, one of a rising number of automated investment alternatives.
Betterment Investing – Quick Summary
Betterment being one of the best Robot-advisors has a lot of benefits, and features. Let’s take a look at some of the distinguishing aspects of Betterment in the table below:
Minimum Investment
$0
Fees
Digital – 0.25%/year; Premium – 0.40%/year
Accounts
• Taxable • Joint • Traditional IRA • Roth IRA • Rollover IRA • SEP IRA • Trusts • Non-Profit • 401(k) Guidance
401(k) Assistance
✔
Tax Loss Harvesting
✔
Portfolio Rebalancing
✔
Automatic Deposits
✔ Weekly, Biweekly and Monthly
Advice
Human Assisted
Socially Responsible
✔
Fractional Shares
✔
Customer Service
Monday to Friday from 9:00 am-6:00 pm (ET)
Betterment Investing Features and Amenities
Who Should Use Betterment?
If you want to start serious about saving for anything substantial, such as a home down payment, student fund, or your own retirement, Betterment is an excellent choice of the automated investment adviser.
A portfolio of low-cost exchange-traded funds (ETFs) and mutual funds is designed by Betterment’s algorithms to fit your risk tolerance and particular objectives.
Betterment, in contrast to Wealthfront, does not need a minimum initial investment to get start with the platform.
There are two levels of Betterment service accessible to clients with balances greater than $100,000: Betterment Digital and Betterment Premium, both of which offered as an option for consumers with balances greater than $100,000.
Annual management fees charged by Betterment Digital and Betterment Premium are 0.25 percent and 0.40 percent, respectively. Betterment’s team of financial advisors will provide you with limitless, complimentary services if you choose to upgrade to a higher service tier.
In addition to selecting the appropriate investment portfolio for each of your goals, setting up an account is quite easy. Improve your investment performance with financial advice from a financial professional.
Betterment Digital users may purchase a 45-minute coaching session with a financial professional for $199, while Betterment Premium customers receive financial advice at no additional cost.
How Does Betterment Work?
Betterment Investing App
You begin by providing Betterment with some basic personal information, such as your age, salary, and Social Security number.
Then you choose one or more financial objectives, such as putting money aside for an emergency fund, long-term investing in a taxable account, or saving for retirement in an IRA (IRA). Traditional IRAs, Roth IRAs, and SEP IRAs are all options for you.
After linking your external bank account to the platform, you may fund your account by setting up one-time or regular deposits.
Betterment offers you a menu of tailored investment portfolios for each aim once you have entered your personal information and selected your objectives.
Improvement Portfolio” is the name to the default portfolio, which consists of exchange-traded funds (ETFs) representing around a dozen asset types.
Investing in socially responsible investments is available in six different portfolios (SRI). According to the type of objective you are saving for, the composition of each fund will vary.
If you’re seeking to save for retirement, Betterment will typically recommend that you invest in more equities. Bonds would make up the majority of your portfolio if your objective is to invest your emergency money.
Betterment’s Approach to Investing Your Money
Betterment Dashboard
As part of its investment portfolio diversification strategy, Betterment utilizes a plethora of low-cost exchange-traded funds (ETFs) that track established indexes.
However, depending on your profile and objectives, you may allocate to as many as 12 asset classes, depending on your situation.
According to your objectives, the exact asset allocation you receive, or the percentage of your portfolio that goes into each fund, defined by your assets allocation.
In the case of an emergency fund portfolio, which contains money that needed in the event of unexpected financial troubles, equities account for around 15% of the portfolio and bonds account for 85%.
For a 35-year-old investor, a general investing fund comprises 90 percent equities. This is money that will not be needed for a long time.
The risk tolerance of some rival Robo-advisors is determined by a series of questions you answer. Betterment creates the basic Betterment Portfolio, which is the default pick for the average investor based on your age, income, and investment objectives.
The majority of their money will direct toward equities, with the allocation divided across asset classes such as large-cap U.S. stocks, large foreign companies, and so on, for that 35-year-old.
In addition to the Betterment Portfolio, the platform distinguishes itself from other Robo-advisors by providing you with a variety of bespoke portfolio alternatives to pick from:
Socially Responsible Investing
Environmental, social, and governance (ESG) aspects are screened out of companies when investing in Betterment’s SRI option, which invests in ETFs using benchmarks that screen out companies that are not ESG.
Goldman Sachs Smart Beta
To aim to achieve outsized returns while keeping expenses down, this portfolio employs various diversification methods in an attempt to do so.
BlackRock Target Income
A well-diversified bond fund for investors who wish to produce a consistent source of income over the long term.
Flexible Portfolio
The asset class weightings given to you in the default Betterment Portfolio can be customized using this option.
While the Betterment Portfolio is mostly comprised of low-cost Vanguard and BlackRock iShare offerings, the Socially Responsible, Smart Beta, and Target Income portfolios all employ ETFs with greater expense ratios than the default Betterment Portfolio.
In addition, you may link additional accounts, such as your 401(k) or outside IRA, and Betterment will estimate how close you are to meeting your retirement objectives.
Key terms of Betterment You Need to Know
Robo-advisor
Betterment is a Robo-advisor, referred to as an automated investment service or an online adviser in some circles.
Robo-advisors, who utilize computer algorithms and smart software to design and manage your investment portfolio, is far less expensive than hiring a human, are a financial advisor to meet with you in person.
Fractional Share
Investors can acquire stock or other assets based on a dollar amount they choose rather than the price of a complete share when they purchase fractional shares of stock or other investments.
This may be especially helpful for investors who are dealing with a small amount of money. But who want to construct a portfolio that is highly diversified. Betterment purchases fractional shares, ensuring that there is no cash available in your portfolio.
Tax-loss Harvesting
Investing in tax-loss harvesting is a technique that can help you minimize your capital gains taxes considerably.
It is common practice in taxable accounts to sell failing assets in order to offset the profits from winning investments.
Betterment offers tax-loss harvesting, but it does not offer stock-level tax-loss harvesting (also known as direct indexing), offered at Wealthfront and Personal Capital, among others.
Some investors may be able to save even more money on taxes by using direct indexing.
Expense ratio
An expense ratio is a fee imposed by mutual funds, index funds, and exchange-traded funds (ETFs) that is calculated as a percentage of your investment in the fund.
For example, if you invest in a mutual fund with a 1 percent cost ratio. You will have to pay the fund $10 each year for every $1,000 you have invested.
These costs, if they are excessive, can have a substantial impact on the performance of your portfolio. But the expense ratios of the funds utilized in Betterment portfolios are modest.
The expense percentages are payable in addition to the management fee that Betterment charges.
Fees and Expenses Associated with Betterment
Customers who simply use digital services pay 0.25 percent in management fees per year. With the price increasing to 0.40 percent per year if they subscribe to the premium plan.
The digital charge for Betterment assets above $2 million may reduce to 0.15 percent per year. Specifically, on the part of the balance that exceeds $2 million.
You will have to pay 0.30 percent of the sum over $2 million if you choose the premium plan. The underlying ETFs are subject to annual management fees ranging from 0.07 percent to 0.15 percent.
Even though you may use Betterment’s financial planning and account consolidation features without paying a fee. You can shift a portion of your funds into an investment account on a regular basis.
There are no costs relating to canceling an account, sending a cheque, or sending a transfer.
The Monthly cost to manage a $5,000 portfolio: $1.04 ($1.67 for Premium)
Monthly cost to manage a $25,000 portfolio: $5.21 ($8.33 for Premium)
Monthly cost to manage a $100,000 portfolio: $20.83 ($33.33 for Premium)
How to Cancel Betterment Subscription?
In order to close your Betterment account, follow these instructions:
Log in from a web browser
Select “Settings”
Tap on “Accounts”
Click on the three dots to the right of the specific investment account(s) you wish to close.
Pros
Account creation is quick and simple.
Portfolios are completely transparent before funded.
It is possible to link external accounts to individual goals.
You may create a new goal at any moment and keep track of your progress with relative simplicity.
Change the risk level of your portfolio or move to a different type of portfolio with relative ease.
A two-way sweep is available through the checking and cash reserve functions.
Cons
Planners are continually persuaded to finance a Betterment account.
The basic package charges $199–299 for financial planning.
Socially responsible portfolios use ETFs (ETFs).
No margin lending, secured loans, or portfolio borrowing alternatives.
Conclusion
It is possible to utilize Betterment in a variety of ways. You may sync all of your financial accounts to obtain an overall view of your assets without investing. You can invest in one of their portfolios, or you can construct a Flexible Portfolio. Based on some of your own criteria.
When it comes to taxable accounts, the goal is to optimize after-tax returns through the use of tax-loss harvesting. Moreover, portfolios may rebalance as needed.
Betterment is primarily a goal-oriented platform. Moreover, users have access to a wide range of planning tools as well as a plethora of knowledge and guidance.
Warrants in stocks, also known as stock warrants, allows you to buy a company’s stock down the road at a fixed price and date. This means that even if the company’s share price is higher as at the time you are buying, it does not affect your investment.
However, this doesn’t entirely guarantee you a profit as you can lose if the company’s shares trade lower than the strike price. So, what are warrants in stocks? How do stock warrants work? What makes them different from other financial derivatives? All these and more you’ll find answers to in this article.
How Do Stock Warrants Work ?
Financial instruments provide investment opportunities that investors can leverage to increase their portfolio and earning power.
The most common of them include bonds, options, mutual funds, amongst others. However, there is another viable alternative that many are probably yet to discover.
Stock Warrant Example
A warrant in stock is a contract between an investor and a company that gives the investor the right to acquire a company’s stock at a specific price and date.
Warrants are a company’s way of enticing well-to-do investors to buy the company’s shares, offering them a better stance during an uptrend in the company in the future. At other times, it can be an incentive to outstanding employees in the company.
Practically, as a warrant stockholder, you can buy the stock later on at the warrant’s “strike price” (the agreed-upon price) which may be lower than the current stock trading price. Another great benefit warrant stock offers you is the opportunity to buy newly issued stock from the company that issued the warrant.
More so, though it comes with a fixed date (after which it expires), you enjoy the privilege of making the stock warrant purchase at a later date. However, you will have to do that through common stocks and if they decide to.
You should know that there is no smoke without a fire. Warrant stock is a strategy companies use to attract investors to purchase shares so that they can gain from the investment. Also, a warrant does not grant you ownership of the stock, rather, it’s a right to gain the company’s share in the future for a particular price.
In addition, a stock warrant loses its value and is no longer valid when it expires. Hence, you need to use; either buy or sell before the expiry date. For more on the definition of warrant in stocks, watch this video.
What Makes Up a Stock Warrant?
Let’s point out the components of a stock warrant. Here’s what’s inside the financial instrument:
An Up-Front Notice: In any stock warrant contract, the recipient can tell the company when he (she) will exercise their right; purchase the underlying stock.
The company that offered the stock warrant, on getting the purchase notice, will issue new stock shares. This is to increase the number of shares its stock will trade. And, the outcome will be an increment in the company’s total shares of stock, which can reduce the price of the stock.
The Pricing Process: Once a company issues a new bond offering, the next thing it does is to declare a stock warrant strike (otherwise called the exercise price).
The Expiration Date: Any stock warrant comes with an expiration date, which is listed on the contract.
Why Do Companies Issue Stock Warrants?
Companies issue warrants for a lot of reasons. This could be to raise capital by attracting investors, retaining employees, or offset the impending risk of huge losses.
When it’s to raise capital or counteract impending risks, the company usually publicizes its warrants in the open market to attract individual and institutional investors. Given the massive buying power of institutional investors, they influence the market with their big purchases. Therefore helping to actualize big capital revenue for the company.
Also, when it’s to retain employees, they normally put restrictions on when these warrants can be exercised. Therefore, employees have to wait out a few years before claiming their benefits. You can learn more about why companies issue stock warrants here in this video.
Types of Stock Warrants
Stock warrants have diverse types, and they include:
Puttable Warrants
Here, you have a proportion of shares you can resell back to the company at a fixed price especially to obtain your accumulated profits. It has a deadline.
Callable Warrants
You can purchase a certain amount of shares from a company using a callable warrant. This is an authorized warrant that has a deadline.
Covered Warrants
Covered warrants allow you to buy or sell equity, currencies, and financial tools issued from giant financial institutions, not from individual companies.
Naked Warrants
With naked warrants, you can exercise flexibility as a shareholder. A naked warrant entitles you to exchange your warrant for security, that is to say, you are not tied to a preferred stock or bond.
Wedded Warrants
As the name implies, it works closely with bonds. You can’t buy and sell it independently, rather, together with bonds.
Traditional Warrants
Just like the wedded warrant, you can also purchase a traditional warrant with bonds but you can sell them separately in the secondary market.
Examples of Stock Warrants – American vs European
SemGroup Stock Warrant
Here is an example of how a stock warrant applies in the USA and Europe:
Say that XYZ Corp. wants to issue a series of stock warrants to new employees, It could structure its warrants as follows:
American-style of Stock Warrants
The warrant for 5,000 shares of XYZ Corp. stock is at the strike price of $30 within five years of expiration. This stock warrant offers you the right, but not the obligation, to buy up to 5,000 shares of XYZ Corp. for $30 per share.
This is to say that even if the stock is selling for $80 per share, you can still buy it at $30 per share. The more the stock’s price surges, the more valuable this warrant becomes for you.
And, you can exercise this right at any time within the five years duration. Beyond that, the warrant expires and becomes useless.
European-style of Stock Warrants
Warrant for 5,000 shares of XYZ stock at $100 strike price on July 1. This warrant bestows on you the right, but not the obligation, to sell up all your shares back to the corporation for $100 per share.
This means that the company re-buys from you at the same rate they sold to you even if the stock is worth $20 per share. Hence, as the stock plummets, the more valuable this warrant becomes for you.
Since this is a European-style warrant, you can only exercise it on July 1. Before that date, it has not yet matured, while afterward, it has expired.
Companies hardly issue puttable warrants, because when they do so, they would be trading against their own stock. Therefore, you must navigate through a lot of legal, ethical, and cultural issues during any put warrant issuance.
Whenever a company auctions stock warrants, it will also issue the warrant with a price set per share. So, for instance, a stock warrant of 1,000 shares sold at $5, equals $5 per share, or $5,000.
How Do Stock Warrants Work?
Typically, a warrant acts as bait for companies, to attract investors to buy the company’s shares. They give you the privilege to take advantage of a rising market, where you get greater percentage gains on your shares, compared to common shares.
Let’s consider the warrant of an imaginary company, Gladstone Energy. Each Gladstone warrant, which trades on the TSX but in U.S dollars, gives the holder the right to buy one common share at $38.20 (U.S.) until Sep. 22, 2021. The warrants were recently sold for $25.65, and the common shares at $52.50.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
MMAT stocktwits has over 38000 watchers or followers. That did not prevent the stock from diving since from $21 to less than a dollar since June 2021. which beg the question: Is MMAT huge Stocktwits fan base helping new investors make rational decision about this company? MMAT Stock Company Overview Meta Material Inc, is now the official name of the company that used to be called Torchlight Energy Resources, Inc. It has 130 employees and is located in Nova Scotia, …
There has been an increasing interest in OnlyFans potential IPO in near future. Find out how you can buy OnlyFans Stocks and shares should the company decide to go public soon. What is OnlyFans? OnlyFans is the latest social media and content hosting service that enables creators to directly earn revenue from their followers. Think of OnlyFans as an uncensored version of YouTube without the ads. The majority of the creators albeit not all of them comes from the adult …
Buying the warrant when you don’t foresee an increase in stock price may not be the best decision. At this point, it costs more to purchase the warrant ($25.65) and exercise it ($38.20) when compared to the current price of the stock. Though if you expect a price rise, then the warrant is valuable.
A general rule for rating how promising a warrant is will be to evaluate its worth per share per adventure share price doubled. Assume that Gladstone doubled to $105, the warrant will skyrocket to $66.8 (the share price less than the exercise price), and that’s a lot of gains.
There’s one thing you must know though. If Gladstone trades at $38.20 or less than that at the tail end of September 2020, the warrants are as good as nothing, they expire.
How to Buy Stock Warrants
Firstly, to buy a stock warrant, you should be able to differentiate it from the common stock. Common stock and stock warrant tickers are placed side by side in the exchange platform. But, there is a way to fish it out; the extra letter ticker.
For instance, Gladstone Energy Inc. the common stock will trade with the ticker GLDSE while the warrant will use the ticker GLDSEW or GLDSEWS. This means that stock warrants have an extra “W” or” or “WS” symbol” symbol attached to their tickers.
Taxes on Stock Warrants
Stock warrants are taxable and their tax rate is different from that of common stock or stock options. The breaks that stock options enjoy such as employees’ tax preferential treatment are not applicable to warrant stock.
Let’s say the warrant you exercised is $15 per share to buy 100 shares of XYZ, and the warrant costs you $300. Your total investment is $1,800, and If the market price on the day of exercise is $50, the shares are worth $5,000 and the difference is $3,200 which is your profit.
That amount is seen as ordinary income, not a capital gain since you didn’t own the stock before exercising the warrants. You can always consult a tax expert to make sure you understand and follow relevant tax rules
Stock Warrants vs. Stock Options
Stock warrants and stock options are very identical, they are similar in features and benefits. Yet, each has its uniqueness, hence they differ in some ways.
Similarities
Both are investment/financial agreements that let an individual buy a particular company’s stock at a given price, within a given time.
Each of them is specifically designed to offer investors the opportunity of making a profit on their investment.
Both are traded widely on major financial exchanges such as the NYSE or the Nasdaq Stock Market.
Major Differences
Stock Warrants Are a Company’s Strategy For Raising Capital.
Unlike stock options, the major purpose companies issue stock warrants are to raise capital. On the flip side, stock options are ways investors can predict a company’s stock. Only the investors benefit from stock options.
Works With Different Times
For stock warrants, the investment window is wide open, it can last up to 5 years, and more in some cases. Stock options, on the other hand, can expire within days, weeks, or months.
This is the reason investors often prefer stock options for short-term investment strategies. Stock warrants serve more for a long-term investment strategy.
The difference in taxation method
Tax rules for stock warrants and stock options differ. Taxation on stock warrants depends on the usage of warrants. Stock warrants often attract taxes when you exercise them.
You can learn more about stock warrants vs stock options in the video below.
Pros & Cons of Stock Warrants
Pros –
Stock warrants possess high upside potential, offering you the opportunity to make huge profits.
Exercise dates are usually far, and this is beneficial to the investors. You have more chances of making a profit, unlike some alternatives like stock options which work with shorter periods.
Dividends can adjust strike price, and lessen it.
Cons
Risky due to volatility.
Availability of scant.
More complex than other similar options.
CONCLUSION
Warrants in stocks are a cost-effective trading instrument that allows you to earn a fortune. Yet, like all financial derivatives, they have elements of subtlety. Be sure to read in between lines and understand exactly how they work before you buy or sell them.
You can contact a financial advisor to guide you through the processes involving a stock warrant. You can stay in touch at Successful Tradings to learn more about stock warrants and other such financial instruments..
Looking for a successful option strategy to help take your trading to the next level ?
This step-by-step-tutorial will showcase our most successful options strategy.
By the end of this, you will learn how you can leverage it by applying the techniques to an infinite number of opportunities.
What Is a Successful Options Strategy ?
You may have been trading option for a while or you are just a beginner in your trading journey.
The one elusive thing about trading in general and especially option trading is consistency
Or the lack there of.
You most likely have your own story of beginner luck or a stretch of time where you have made money trading options.
This can happen to anybody.
However, the challenge is to be able to sustain such results over a long period of time.
By the end of this tutorial, you will learn how to come up with a successful option strategy that you can emulate to make money consistently.
What determine the success of a strategy ?
So, let’s take the time to answer this question.
The single most recurring questions I get on my social media interactions with traders curious about my services is:
What is your winning % ?
As important as the answer of this question may be, I would like to suggest that a winning percentage does not tell the whole story about a successful strategy.
Let’s me break it down in easy terms.
A winning percentage can be very high like 80% and above.
However if each time the amount you win is not high enough the effectiveness of the option strategyis not really captured in the winning percentage.
On the other hand, imagine an option strategy that win maybe only 55% of the time but each win brings in three times, 4 times or even higher you initial investment.
Successful Trading Trade Alerts Average Weekly Move per Stock
Of the above two strategies, which one you would prefer to trade with ?
Therefore, next time you evaluate the effectiveness of an option strategy, do not simply stop at the so-called winning percentage.
It is very important to find out the type of profits an option strategy generates over a long period to determine how successful such option strategy is.
Why Do you need a successful option strategy ?
If you have not found out by now in your option trading career then good for you .
Because you will be able to learn from this point on going forward the importance of having a successful option strategy.
To become a successful option trader, youwil lneed at least one successful option strategy.
If you do not have any, chances are you will spend a lot of time following the Gurus of social media until you run out of money or discouraged about this endeavor.
Therefore, it is imperative to get achieve this goal as soon as possible.
How will you know that you have a successful option strategy ?
Well, how about the fact that you would have tested that option strategy in different market conditions and managed to make money consistently.
Anybody can make money trading options in in a very bullish market like the one we have had in 2017, and 2020.
The challenge is what happens when the market conditions are not as obvious ?
Who need a successful options strategy ?
Hence beginners traders re the first group of traders who need proven successful option strategies.
This will preclude them from jumping around from our Discord room to another not knowing exactly what they have waisted so much money buying expensive options for very little to no profits.
Another group of traders who can really use a successful option strategy are those who would like to take their trading to the next level.
You Don’t Need TO Be In The Money To Make Big Money
I often use this phrase without explaining what it fully means.
NExt Level means you want to thrive by increasing your gains.
You may be doing okay right now and looking to excel.
Why ?
To gain financial freedom. To be able to support your family without having to trade your time for a paycheck at the end of the week.
Being successful in option trading will bring you the such of lifestyle you have always dreamed of.
Spending your time with the people you love the most without the constant worry on how to pay for life expenses.
Should you recognize yourself in the above description, keep reading because this discussion is a life changing one.
Successful Tradings Most Successful Option Strategy Overview
As an option trader, you will get the opportunity to see trends in the markets.
Such trends will enable you to take advantage if you are smart enough to study them an apply the results accordingly.
How Did it come about?
That is exactly what I did back in 2016.
I noticed that on expiration days Fridays, certain stocks had the propensity to go up.
But I did not really know at first how to take advantage of these trends.
I conducted a multi year study to get confirmation of my observations.
This is done through some back testing in order to ensure the effectiveness of the strategy.
How Much Does it Cost To Trade our Successful Options Strategy ?
The beauty about this strategy is that because of the proximity of the Expiration, the cost of the options is very small.
I do not know about you but the ability to control my Risk in any option trade is the most essential feature I aim for when trading options.
Typically, a contract cost in this successful option strategy wil lalways be less than 30- 35 cents.
This means that you can invest in this strategy with less than $35 !
This is a far cry away from some of the option cost I see on social media that require you to risk hundreds of dollars for just one single contract !
Start Trading our most Successful Options Strategy
I am still amazed by the many stories I hear from traders in our Discord Channel on how expensive the options they have been trading from their previous subscriptions.
Clearly, you will have to go through a paradigm shift since my motto in trading the most successful options strategy is a follows:
You Don’t Need TO Be In The Money To Make Big Money.
Our numerous10-baggers win are a great Testament to that.
You can catch them on our YouTube Channel to see for yourself.
How Much Time Do you need to Master our Most Successful Option strategy
If there was a metric for efficiency related to how much time it takes to make money, then this option strategy would rank very very high.
You see, all it will take you to trade this option strategy is about 15 minute every Thursday in the last 30 minutes before the market closes.
That is it.
How To Execute this simple trade ?
Every Thursday inside the Subscription channel called Friday No Wahala, I will provide you a very simple, clear and easy instruction that looks like this one below.
Simple Easy Instruction on How To Trade Successfultradings Most Successful Strategy
From there, you can take all of these 3 swing trades overnight.
The results are often as spectacular as the ones depicted recently on FCX 36 Calls with over 400% profit in less than 24 hours.
No too bad, huh ?
What Is the Performance of Our most Successful options strategy ?
I have taken the time to backtest this successful options strategy over multiple years.
Hence we can trade it with great confidence in any type of market conditions.
This means that it does not matter if the market is bearish or bullish.
As long as there is some type of volatility, this strategy has proven to be very lucrative over the years.
The study spans over multiple years starting all the way back in 2016.
On Fridays expiration, I counted the number of times each stocks moved in the bullish direction by more than 1.5% just on that day alone.
Here is the summary of the results in the table below to be able to track the year over year efficacy of this option strategy.
Year over year Performance of Successful Options Strategy from 2016 to Present
How To Read the Performance of this Option Strategy
Each row represent how at specific has performed under this strategy from 2016 topresent.
The number over the corresponding year is the number of times in that year the stock gained more than 1.5% on Fridays. Let’s call this our bullish condition.
There is a maximum of 52 Fridays each year.
In 2020 for instance, there were only 49 Fridays. SO the last two columns represent the percentage of time our bullish condition was met.
For the first stock in the list, 22 Fridays in 2020 out of 49, US Steel (Ticker:X) managed to gain more than 1.5% between the open and the High of the day.
Why 1.5% ?
Based on my study, 1.5% gain on the underlying stock on expiration Friday generates about 100% gain on the option.
Now I will leave it to you to imagine how much profit in option trading when the stock gains more than 2.5% , 3% or even more.
So far in 2021, X has met the bullish conditions more than 80% of the time with 6 months still to go.
What Are Traders Saying about our Most Successful Option Strategy
Since I introduced this successful option strategy, a great deal of traders have been taking advantage of it to make money consistently.
Here are a few reactions to give you an idea about the effectiveness of this strategy.
500% Profit Reported by Trader in Successful Tradings Discord Room
Another amazing feedback I received was from a trader who watched my YouTube pre-market show .
He followed along my recommendation on this option strategy and here were his results.
I was able to pay for your subscription with earning from the pre-market session info.
I got into DKNG and TGT and they paid off.
I may end up upgrading to the yearly if I get the hang of it properly.
I got into about 7 over the last 3 days and all but two have turned 100%.
One is PAYA and the other is my fault I did not get in on both sides of the trade (JD).
It moved to fast in the opposite direction of my first order and I stalled to get in on
the other side (I spend too much time looking for one out of the money and they just
continued to rise in price to the point it stalled a little and so I just didn’t get in)
In the above testimony, this trader made so much money on this trade, he immediately subscribed so that he can get further insights into our other strategy.
How To Find More Successful Options Strategies
If you are still reading so far, you may be thinking that the stocks I trade must have some type of special characteristic to generate such consistent results and profits.
However, the truth is that they do not.
What if I told you I can teach you how to find numerous stocks with similar properties you can leverage to make consistent successful options strategy.
Come Learn with Successful Tradings Community
I am inviting you today to open your mind to the possibilities of deriving your very own option trading strategy for the years to come.
The approach I take is very much hands on where there is no guessing and I will be by your side every step of the way.
No Skills Needed | I will Coach You From A to Z
Coaching is the very essence of my belief here at Successful Tradings.
The secret is setting up your very own successful trading strategy is through quantitative analysis.
I have been teaching many traders about it so far.
Here is an example of what that looks like for a stock such as JD.
It does not take that much time to come up with the above study as start using it like the trader who inspires this.
Miss JLU from New York made 200% on JD options on Tuesday by just applying the content of tat study. And you can Do It Too.
FINALTHOUGHTS ON MY MOST SUCCESSFUL OPTIONS TRADING STRATEGY
This Tutorial on our Most successful Options Strategies showed how you can leverage easy and simple Quantitative analysis to create your own consistent option strategy.
In the meanwhile, you will be trading the very one I presented here that only require less than 15 minutes each week on Thursday for very consistent jay dropping explosive profits.
Several trading platforms provide free stocks to customers through their websites and mobile applications.
Those who are interested in receiving some of the most popular stocks in their portfolio for free can examine the services listed below to see how they can obtain free stocks to start their investing journey.
Top 5 Brokers for Free Stocks
To achieve financial independence, you must make smart decisions, be determined, and put out significant work.
However, we may also benefit from a little good fortune working in our favor. As a result, knowing how to invest in stocks is essential. However, why not enlist some Top 5 Brokers for Free Stocks to get us started by obtaining some free stocks.
Finding the best brokers with the specific requirements that you may have is not an easy task.
But with the help of our list of the 5 best brokers for free stocks, you can find what platform is best suited for you and get started with it.
Webull (2 Free Stocks)
Webull Mobile Application
Consider Webull to be the “new kid on the block” in the online brokerage industry, having only debuted in 2018. Free stock trading apps, as well as free trades in exchange-traded funds (ETFs), options, and cryptocurrencies, are available via the company’s mobile app or desktop website.
In other words, you will not be charged fees for any trades you choose to execute in your portfolio.
How to Get Free Stocks From Webull
The Webull platform has opted to provide new users with the option to receive two free shares of stock worth up to $2,300 ($11 – $2,300) when they sign up for the platform.
To be eligible for this possible bounty, you must first join up, open your account within 24 hours, then make a minimum $5 deposit into your account.
If you do, Webull will provide you two free shares of stock in exchange for your participation.
Public.com ($10 bonus)
Public.com Investing App
The Public.com is yet another commission-free investment software that caters to Millennials and Generation Zers who are interested in investing in accordance with their social preferences and in the company of like-minded others.
The stock trading app has a feature that is becoming increasingly popular among younger investors who may not have enough money to purchase some of the more expensive stocks all at once: fractional investment.
How to Get Your Free Stock from Public.com
The site provides a free $10 sign-up incentive for making an initial deposit, as well as the option to send free stock gifts (fractional shares) to referrals you make.
If this sounds like a promising investment app, create an account and make a small initial payment to determine whether or not the app fulfills your requirements.
Groundfloor ($20 bonus)
Ground Floor Interface
In comparison to the other investment platforms featured above, Groundfloor is a unique sort of platform. Groundfloor serves as a crowdsourced real estate investing platform that focuses on debt investments in residential and commercial properties.
The platform primarily focuses on acquiring fixer-uppers, completing necessary repairs and renovations, and then reselling the property for a profitable return.
Groundfloor provides funding for short-term residential real estate loans and compensates the platform’s investors for the interest they earn on their money by lending them to the platform.
How to Get Your Free Bonus from Groundfloor?
Groundfloor is offering a $20 bonus to new customers who sign up for their service and make their first investment. To be eligible for your bonus, you must sign up, link your bank account to your account, and deposit a minimum of $10 into your account within 30 days.
Once you contribute to your Groundfloor account, you will be eligible to receive your $20 investment credit bonus.
Groundfloor is also offering a $100 bonus for every $5,000 you deposit and invest into your account until July 31, 2021, as an additional incentive to sign up. The highest amount of money you may receive from this incentive is $1,000.
Robinhood (1 Free Stock)
Robinhood Mobile App
In particular, index funds, stocks, and options are available through Robinhood.
Choose Robinhood as your brokerage, and you can rest certain that you are putting your money into a company that has paved the way for commission-free trading to become the norm in the financial services sector.
The need for many brokerages to offer free trades on specific assets in order to remain competitive in the market has heightened in recent years.
How to Get Free Stock on Robinhood
Similar to the other Robinhood alternatives discussed in this post, Robinhood provides an incentive in the form of a free stock worth between $2.50 and $200 if you sign up for the service.
One in every 250 chances of receiving a free stock from Berkshire Hathaway (Class B), Apple, or Facebook, and one in every 150 chances of receiving a free stock from General Electric or Ford, according to the service’s terms and conditions.
SoFi Invest (1 Free Stock)
SoFi Invest Mobile Features
This program allows you to keep track of your money and exchange it when you want to make a profit. The program, which is the newest offering from the SoFi financial wellness platform, provides free trading on stocks, ETFs, cryptocurrencies, and other financial instruments.
You can choose to be an active trader by selecting stocks on a regular basis, or you can choose to be a passive investor by using the site’s automatic investing service.
How to Get Your Free Stock on SoFi Invest
A free sign-up bonus of $5 to $1,000 is available to you when you create a Wealth account with SoFi Invest and make an initial deposit of at least $100.
Top Brokers that offer No Free Stocks – Worth Considering
Finding the best brokers with the specific requirements that you may have is not an easy task.
But with the help of our list of the 5 best brokers for free stocks, you can find what platform is suitable for you.
Fidelity Investments – Best Free Broker for beginners
Fidelity Investments Head Quater
Currently providing services and reaching out to more than 32 billion people around the globe, this platform is a jackpot for investors.
Not only is this platform known for its quality research, professional services, and a wide range of trading tools, but it gives the added benefit of using it for absolutely free.
Moreover, Fidelity provides a quality user experience that is simple to understand and use but does the job effectively.
Not only does it provide value and quality across its website, but it also offers services in the mobile app as well.
When Was Fidelity Investments launched?
Fidelity was founded by Edward C. Johnson II as a private financial services company named the fidelity management and research company.
It is still a privately held firm, with shares held by workers and the Johnson family.
How does Fidelity Investments work?
With the effective tools research and financial education that they provide on the platform, Fidelity Investment work by helping you organize.
It allows you to make a decision regarding your research investments giving an industry-leading analysis, then it aids in managing and organize a plan to pick and scroll through your choices.
It is the reason Fidelity is one of the top 5 brokers for free stocks.
Features of Fidelity Investments
Owing to a strong blend of instructional information and a comprehensive mobile app, Fidelity is a top pick for daily investors, even amateurs.
Additionally, it will help you gain some expertise and use your research and education in finances for trading, that too for absolutely free. Following are the most valued features of Fidelity.
Stock investing feature
There are no restrictions on the amount or price of the overall trade in the stock investing feature, with no extra costs for trading equities worth less than one dollar.
Mobile Trading Feature
In addition to its mobile trading app, Fidelity offers Net Benefits for payroll and Fidelity Spire, a financial planning and goal-setting tool.
Moreover, the mobile trading system by Fidelity is well-designed, bug-free, and provides investors with a great experience. It highly ranks for its customizable dashboard and other unique features.
International Trading
This trading feature lets customers exchange shares from 25 different countries in several exceptional currencies using their fidelity account.
How will you benefit from Fidelity Investments?
The website of Fidelity Investments online platform is professional and not difficult to understand, making it an excellent location for beginners to gain investing experience and jumpstart their financial education.
Moreover, no additional fees in contrast to other features. Fidelity does not take payment for order flow (PFOF), which is rare in the business.
However, clients can place stock transactions at a reduced cost. Fidelity is the only broker that offers this service.
Several Fidelity mutual funds have no expense ratio, compared to Vanguard funds which help save money.
It makes Fidelity among the top 5 brokers for free stocks.
How to Start Investing with Fidelity?
Pick a combination of investments that is both diverse and well-balanced, and think about the degree of risk you are willing to accept.
Taking into account the investment time frame is also necessary. After that, just go on to the fidelity website and click on the open an account option displayed in the menu bar.
There are different types of accounts that you can open mentioned according to the type of investment plan you want to opt for. Fill in the details, and there you go!
Brokerage Account
Cash Management Account
Brokerage and Cash management
The fidelity account for business
How to Cancel Your Subscription for Fidelity Investments?
Call their customer service to cancel your Fidelity Investments account subscription. In the meantime, A representative will be happy to assist you. They’ll need your account number and other client details.
Pros
No fee banking and a wide retail service
Holding a self-directed brokerage account requires no account service fees or other hidden fees at Fidelity
It allows you to start trading with any trading budget without worrying about trading expenses.
It may charge some fees at the time of trading opening concerning non- fidelity mutual funds.
Some other charges include the foreign exchange wire cost.
Charles SCHWAB – Best Research in trading investment
Charles SCHWAB Head Quater
The Charles SCHWAB is a full-service brokerage and among the top 5 brokers for free stocks. It works by combiningboth brokerage and banking services with the clients and offering debit cards that don’t charge even while doing foreign transactions.
When Was Charles SCHWAB launched?
Since its founding in 1971 by Charles R. Schwab, the firm has grown to become14th largest company in the U.S. Founded in San Francisco, California.
This investment firm offers a comprehensive range of services. There are more than 11 million investors in Schwab’s $3.56 trillion assets under management.
How Does Charles SCHWAB work?
It works by providing the same level of functionality of the mobile app as its desktop counterparts.
It is highly rated because investors of all types can benefit from it. One of the most rates feature of this broker is the Edge application.
Moreover, they offer a single trading ticket along with Other commodities like long and short options, stocks and shares, mutual funds, and other derivatives.
If you’re looking to invest, Charles Schwab offers two different online trading platforms. You may choose any one of them to invest in.
Features of Charles SCHWAB
Fees and Commission
It does not require a commission or a minimum transaction.
Additionally, a stock trading at zero levels, choice trading, and ETFs are all available through Charles Schwab at zero to minimum cost.
Although the commission charges may not be so low, it’s worth it for the extensive services they provide.
Research Tools
Google assistance, free magazines without any costs, along with a wide array of investing screens, is a huge plus.
It provides extraordinary research tools along with business stock ratings and reviews from a market edge, credit Suisse and Morningstar as well.
It is one of the reasons Charles SCHWAB is one of the top 5 brokers for free stocks.
How will you benefit from Charles SCHWAB?
Online trading platforms, banking facilities, client reach, and customer service are all areas where Charles Schwab ranks higher than its rivals.
A self-directed, comprehensive investment destination, Schwab is better suited to active investors. Option transactions and advice services are better handled by their brokerages.
By using Investors working at different levels can find a wide range of tools and programs available to them.
How to open a Charles SCHWAB account?
You will require at least a $1,000 investment in your account after opening an account with Charles Schwab that is functional, be it a personal or joint trading account.
However, there is no price or any maintenance fees or penalty for an account that is not actively used.
Furthermore, there is a requirement to have at least 100 dollars in your account to keep it functional, but it can be waived if you make an automatic monthly transfer/deposit of at least $100 into your account each month.
How to Close a Charles SCHWAB Account?
To cancel your subscription, there are 50 dollar fees that you may have to pay down the line. However, you can cancel your account anytime by contacting their customer service.
Pros
Streetsmart Edge helps you keep efficient records of your trading investment history.
Can easily buy multiple mutual funds within one platform.
There are a lot of in-house sector assessments on its investment screens, which are quite thorough.
You may customize its Streetsmart edge platform with a powerful ETF panel.
The cost of the service is very low after a year.
0% charge for portfolio management by a seasoned professional.
Cons
Cash-sweeping isn’t automatic, and the website isn’t accessible.
The transaction fee fund’s commission.
These are not the lowest margin rates in the industry.
The cryptocurrency exchange is not available.
E*Trade – Best Research in trading investment
The E*Trade may be the best option for people looking for opportunities to be part of initial public offerings (IPOs) and U.S. Treasury Auctions. It is one of the top 5 brokers for free stocks.
The following assets can be used to invest: a stock exchange-traded fund (ETF), mutual funds, futures, and bonds.
E*Trade Financials
When Was E*Trade launched?
E*Trade was founded in 1982 by William A Porter by the name Tradeplus. The broker company has exponentially grown since then and owns great revenues. However, in 2020 the company has been acquired by Morgan Stanley.
How Does E*Trade work?
Not only can you get access to a premium E*TRADE Savings Bank account at a low-fee rate by using this broker company, but even the Securities accounts can be accessed directly from the savings account.
Moreover, the savings account offers an annual percentage yield of 0.05 percent. Max-Rate and E*Trade as checking accounts are also offered by this broker company, and there is no defined monthly charge for the account.
Features of E*Trade
Offering different Trading platforms
There are Two unique trading platforms, E*TRADE: E*TRADE Web and Power E*TRADE, used by the investors, respectively.
Neither Customer activity nor balance minimums are required for services.
This unique feature of E*Trade helps the users work with ease and comfort on both platforms as suited by their needs. It is the reason E*Trade paved its way to the top 5 brokers for free stocks.
Modern design and platform layout
Thanks to its current style and platform structure, E*TRADE broker is surprisingly easy to use.
With a single click, you may move between complex multi-legged options trading with a variety of pre-defined methods and futures trading.
Additionally, you may also identify possible investment opportunities using the Live-action function.
Mobile charting feature
Regardless of the variances, the depth of each mobile app varies from one another, but this broker company offers flawless and easy-to-function mobile charting features that can help you experience the web-based charting interface from your mobile.
How will you benefit from an E*TRADE broker?
You can benefit in many ways. You can get individual analyst ratings in addition to five different third-party research report alternatives for companies if you use this broker company.
Additionally, quick links to the entire analysis and fast report generation are an added benefit of using this broker. Live marketing situations and daily insights can help you manage your investment a lot.
To open your account, you need to decide which type of account you want to open in the broken company. There are two types of accounts that are suitable for people with unique requirements.
Brokerage Account – active traders who require zero stock fees.
Portfolio Accounts- includes personalization and consultation, and a fixed account payment is mandatory.
How to Cancel Subscription/ close an E*Trade account?
You can close your account both from the website as well as by using your mobile app. Click on the “Account Services” option and request the cancellation of the subscription.
You can contact customer service through the chat option to help you close your account as well.
Pros
No ATM fees required; a budget-friendly option.
Regulatory filing assures reliable service.
Free streaming quotes
Cons
Does not provide a market competitive experience compared to other brokers.
The facility of live broadcasting is not present
Interactive Brokers – Top 5 Brokers for Free Stocks
Active traders are drawn to Interactive Brokers by the company’s inexpensive per-share price, powerful trading platform, a wide variety of trade-able assets, which includes a big number of international equities, and absurdly low margin rates.
Its newest product, IBKR Lite, allows investors to trade equities and exchange-traded funds (ETFs) without paying commissions. It is one of the top 5 brokers for free stocks.
When Was Interactive Brokers founded?
Famously known as an early investor in computer-assisted trading, Thomas Peterffy started Interactive Brokers in 1977 in Greenwich, Connecticut.
Moreover, Interactive Brokers has a global reach, with over 135 market locations.
Interactive Brokers Head Quater
How Do Interactive Brokers work?
IBKR Pro for professionals and IBKR Lite for beginners use are Interactive Brokers’ two major pricing plans, and respective Casual investors face difficulty working with this broker.
Moreover, due to the institutional investors and hedge funds, minimum commission fees schedules.
Features of Interactive Brokers
Quick Customer Support
You can take guidance from customer care anytime using email, phone messaging, or call anytime.
Moreover, this feature helps you stay in touch with It experts and professionals and keeps your experience smooth and free of complications.
Interactive Broker Offerings
With its unique specialty of providing interactive broker offerings, this broker helps you make the right decision at the right time and invest in the best way possible for your future plans.
Professional Usability
Although it may not be so appropriate for casual beginners, this broker is perfect for professionals because of its Over the top features, two unique platforms, and higher broker education ratings.
How will you benefit from Interactive Brokers?
It provides the widest range of foreign markets in the broker market. The unique ranges of account types can be utilized to invest strategically.
How to Open an account with Interactive Brokers?
Opening an Interactive Brokers account is an easy task. The customer service is top-notch, and as soon you log in to the website, they help and guide you to operate through the web content.
There are four steps to open your account.
Completing an online form and filling in the details
Selecting Account Type and installing their app
Uploading document for verification purposes. These documents include a national id card, bank statements, and necessary files.
Billing and investments
How to Cancel Your Subscription for Interactive Brokers?
Manage account option and changing the status of your account as closed.
Pros
Zero commission by the broker
Strategic execution of investment orders
With a wide range of global access and a unique variety of assets, Interactive Brokers is a cheap broker to invest in worldwide marketplaces.
Cons
Is not the best choice for beginners
Less Handling and educational resources.
Merrill Edge – Best for Daily Trading
Merrill Edge Head Quater
If you’re an investor who wants to handle banking and brokerage services in 2021, Merrill Edge is our top option. Because Merrill Edge offers zero-cost stock and ETF transactions, it has earned awards for Best Overall Client Experience and Best Client Dashboard.
This makes it one of the top 5 brokers for free stocks.
When Was Merrill Edge launched?
Merrill Edge, a self-directed trading business of Bank of America, launched in 2010 and had its headquarters in Charlotte, North Carolina.
How Does Merrill Edge work?
It offers an incredible, balanced contribution. Financial backers will see the value in Merrill Edge’s $0 exchanges, vigorous exploration, and solid client support.
Additionally, it works by giving limitless free ($0) stock and trade exchanged asset (ETF) exchanges to users without any significant commission.
Features of Merrill Edge
Commission and fees
Merrill Edge helps in getting stocks for free with zero to minimum commission charges. The fees of the transaction are also fairly low, and using this platform can enhance the chances of you getting free stocks.
Mutual Funds Trade Fee
Getting free stocks always becomes difficult because of the mutual fund’s trade fees demanded by brokers.
However, this broker platform charges zero to very minimum charges that too after a certain amount of period. This special Feature helps investors get their hands on free stocks.
How will you benefit from using Merrill Edge?
One of the most significant and different perks of using this broker platform is getting access to audio segments, including the Audiocast series and Merrill Perspective podcast.
Moreover, investors get in touch with live broadcasting and learn about the international market on a daily basis for free. Research and educational takeaways are a huge plus as well.
How to Open an Account in Merrill Edge?
After logging in to the Merrill Website, clicking on the red menu bar on the top would take you to the option of opening an account.
Moreover, the application page would require you to fill in the necessary details and chose the account type before you get start with the broker.
How to Cancel Your Subscription for Merrill Edge
To cancel the subscription and close your account, there are two options. You can either opt for closing your account temporarily or permanently and explain your reasons to the customer care representative. No fees charges to close the account if not in use.
Pros
As a Preferred Rewards broker since 2014, the combination of banking and brokerage is fantastic in this platform,
Includes savings boosts, credit card bonuses, investment discounts, and user-friendly segments that are attractive to investors
Cons
Does not allow the trading of securities that trade over-the-counter.
Different brokers can help you with getting free stocks.
If you are looking for something to start with, Merrill Edge and Fidelity Investments can be suitable as they are the most user-friendly of them.
Moreover, they all have simple instructions to follow and are easy for an amateur to understand.
However, if you’re looking for a professional broker Interactive Brokers may be for you.
E*Trade, however, has a modern design and research authenticity. All of the brokers mentioned can help you get free stocks at minimal rates, but some may charge zero commission and debit card fees at the start.
This may be very beneficial for beginners who are just starting and looking for some experience using brokers.
The closing of an account is also possible by brokers and contacting the customer care service is the easiest option to do so.
One may opt for temporary subscription cancellation or permanent discontinuation. However, some brokers do charge some fees for closing the account permanently.
Before opening an account for free stocks in these broker platforms, one must look for miscellaneous charges, mutual funds free, minimum account balance to have the account functional, and other hidden charges to gain the maximum out of these platforms.
Is Coinbase Safe? That is the question we will answer for you in this tutorial with great insights to help you choose the right Crypto Exchange in 2022.
As a cryptocurrency investor, there are some important factors you need to consider when choosing an exchange for your investments.
Such factors may include the user interface, method of payment, multiple coin support, fee structure, etc.
If you’re looking for a crypto exchange with these features, then Coinbase is one of your best options.
Aside from these factors, one of the major concerns of crypto investors about crypto exchanges is security.
So, if you are re considering trading on Coinbase, you may be wondering, “Is Coinbase safe?” In this article, you’ll learn all you need to know about Coinbase and how safe it is for your crypto investment.
Is Coinbase Safe | What is Coinbase ?
Coinbase is an online Exchange platform where you can buy, sell, store, or transfer cryptocurrencies.
It was founded in 2012 in San Francisco by Brian Armstrong and Fred Ehrsam, starting as a brokerage service for selling Bitcoin to customers.
The platform has since then diversified its services to become a full-blown crypto exchange with services like payment plugin for merchants, coinbase index, etc. With more than 56 million users across over 100 countries, Coinbase is one of the biggest online crypto exchanges in the world. It is also the largest Bitcoin broker and exchange in the world.
Services Offered by Coinbase
There are a variety of services that the Coinbase platform offers to its users. What you can do on Coinbase includes:
Buying and Selling of various coins such as Bitcoin, Ethereum, LTC, etc.
Coinbase Wallet: enables users to store and have access to their crypto funds.
Coinbase Merchant Solution: Through a dedicated plugin, the platform enables merchants to accept payments in cryptocurrencies on their websites. This plugin is supported by renowned CMS such as WooCommerce, Magento, and Shopify.
Coinbase Index tracks the performance of all the assets listed on Coinbase.
Coinbase Custodian Services: stores and safeguards crypto for institutions.
USDC (USD Coin): Coinbase stable coin to mirror the USD currency.
Features of Coinbase
Coinbase features many facilities and capabilities that make it rank as one of the best exchanges in the crypto market. Hears are the top features of Coinbase.
User Interface
User Interface of Coinbase
Coinbase has a very user-friendly interface that lets you navigate the platform with ease. The website is mobile-responsive with the home page featuring handy information about the website and ready buttons to get you started in no time. This is part of the reasons why Coinbase is a popular choice among beginner crypto investors.
Supported Coins
Although Coinbase started as a broker for just Bitcoin, it has extended its services to support a host of other popular coins. Today, Coinbase supports over 50 coins in its exchange and 500 tokens in total including NFTs (Non-Fungible Tokens).
Below is a list of some of the popular coins that Coinbase supports.
The availability and processing fees for each of the supported coins depend on factors such as country and payment method.
You can find a full list of Coinbase supported cryptocurrencies and their availability on the Coinbase Pro Help desk.
Crypto-to-crypto Trading
Crypto-to-crypto trading lets you maximize the fluctuations of a coin compared to another to make a profit.
For instance, you can trade BTC against ETH; if you sell BTC/ETH, you’re predicting that its price as against ETH will fall.
If the market goes in favor of your predictions, you make profit, and vice versa.
This method of trading is one of the fastest ways to make profit in crypto.
In Coinbase, you have access to more than 40 coins you can trade for BTC, about 11 coins for USDC, and about 7 coins for ETH. In total, Coinbase lets you trade up to 60 pairs for crypto-to-crypto trades.
On Coinbase, the USDC is stable with its price always equivalent to $1. So, you can easily know the fiat worth of your coins by first buying USDC and then using it to buy other coins. Note that crypto-to-crypto trading is available on Coinbase Pro.
Payment Methods
There are different payment options available in Coinbase to suit your location and transaction needs.
Fees for transactions using any of these methods may vary.
The accepted payment methods include wire transfer, credit cards, debit cards, PayPal (for withdrawals only), and crypto deposit and withdrawal.
Deposits and Withdrawal Transaction Limits
The transaction limits on Coinbase depend on the payment method, type, and level of account you’re using.
Your account level depends on the level of verification you’ve done so far.
If you fully verify your account as a US resident, you can deposit up to $25,000 a day via ACH.
If you’re a European user, you may have up to €30,000 in your account per time.
For withdrawals, Coinbase generally does not restrict the amount you can withdraw to your fiat account.
However, the time you get your money may depend on the method of payment you use.
For instance, ACH transfers may take up to 5 business days before you can withdraw.
Coinbase Pro
This is a Pro version of Coinbase with some advanced features for advanced crypto users. With the Coinbase Pro, you have access to advanced trading options such as margin order, stop order, and limit order.
The system for fees for Coinbase Pro is also different; the higher your balance, the lesser the fees.
Coinbase Earn
This is a special program through which Coinbase lets users learn about crypto and earn at the same time.
On Coinbase Earn, you’ll be required to watch some educational videos about cryptos and crypto trading.
The videos are usually an average of 4 minutes long.
At the end of each class, the program requires you to write a test to qualify for the earnings. You get your reward deposited in your wallet after each quiz.
Mobile App
Coinbase Mobile App
Over 90% of the world’s population of internet users surf the net with mobile phones.
So, the Coinbase mobile app helps ensure that the exchange is visible and accessible to mobile phone users around the world.
The Coinbase mobile is available for download at the app marketplaces; Play Store for Android users and App Store for iOS users.
Coinbase Fees
As noted on their website, Coinbase does not charge customers for wallet services.
That means you don’t need to pay a dime for storing your crypt with Coinbase.
You do not also need to pay to transfer assets from one Coinbase wallet to another within the platform.
However, you incur some charges when you transfer crypto from Coinbase to a wallet outside the platform.
This kind of charge varies with different transactions and is disclosed at the time of your transaction.
For every time you buy or sell cryptocurrencies on Coinbase, the platform charges you a spread of about 0.5%.
Note that the spread may actually be higher or lower because of the fluctuation in market price between the quoted time and the transaction execution time.
Asides from the spread, you’ll also pay a Coinbase fee which is the greater of either a flat fee or a variable percentage fee.
The flat fee ranges from $0.99 to $2.99 depending on the transaction amount as illustrated here.
The variable percentage fee may be influenced by the payment type, region, or product feature involved.
Is Coinbase Safe To Link Your Bank Account ?
For many crypto traders and investors, knowing that Coinbase is secure enough for then to link their bank account is a big deal.
Because of the high amount of capital and value that crypto platforms hold, they are often the target for hacking attacks.
So, ensuring that an exchange is secure before investing is a top priority for most crypto geeks.
Coinbase employs different security techniques to ensure the maximum security of assets on the platform.
First, the exchange notes that 98% of the funds they hold are stored offline. This means it is out of reach for hackers looking for accounts to devour.
Again, Coinbase ensures that all users enforce the 2-step verification security feature on their accounts.
Is Coinbase Wallet the most Secure Crypto Wallet ?
This means that beyond your username and password, you will have an extra means of proving that you’re the owner of an account before you’re granted access.
Also, the Coinbase website is hosted on a secured SQL (https) and user wallets are encrypted with the AES-256 encryption system.
To help keep user accounts more secure, the platform checks for password strength when during sign up or password reset.
Very importantly, all crypto funds held by Coinbase are covered by insurance.
However, the insurance policy does not cover losses due to individual account errors from the user, such as compromise of password.
How to Get Started With Coinbase
If you’ve chosen Coinbase as your crypto exchange, getting started is easy with just a few steps. You can follow these guidelines to set up your account.
Download the Coinbase app for your device
Open the app, enter your email to create an account, and click Start
You will receive a verification message in your email. Click the link to verify your email.
Enter your phone number, and a code will be texted to your number as you continue. Verify your phone number by filling in the code.
Fill in other required details such as name, date of birth, Social Security Number, etc.
Select your mode of usage e.g investing, online purchases, etc.
Enter your income source and click on “Let’s Go”
Follow the next set of prompts to link your bank account to your Coinbase account.
Viola! You’re good to go on Coinbase.
The Coinbase app is relatively easy to navigate and use. So, you can buy, sell, or withdraw your crypto in few easy steps. Let’s consider some general guidelines for making transactions on the platform.
How to Buy a Cryptocurrency on Coinbase
Log in to the Coinbase app and click on Get Started
Select the crypto asset you want to buy from the list of available assets. Assume you select BTC for instance
Input how much you want to buy. Coinbase lets you buy fractions of assets. So, you just input the amount in USD and the fraction worth of the asset is calculated. Note that the minimum amount is $1.99
Preview the buy order. Coinbase takes a certain percentage of the order amount, so notice this charge.
Click on Buy Now to confirm the purchase.
How to Withdraw Your Crypto on Coinbase
You can sell your crypto assets directly into your Coinbase fiat wallet from where you can withdraw into your linked bank account. Follow these simple guidelines.
On the mobile app, select the Buy/Sell button.
Click on Sell
Enter the amount you want to withdraw
Preview the withdrawal and confirm when you’re ready.
Select the account you want to withdraw into and proceed.
However, note that your Coinbase withdrawal takes between 1 to 2 days to arrive in your account. Also, there’s no limit to the amount you can withdraw.
Pros
User-friendly interface
Wide variety of available cryptocurrencies
Wide range of crypto trading and investment services.
Low transaction minimum to encourage investments at every level
High security and Insurance
Cons
Relatively high transaction fees.
2-Minute Video Review of Coinbase
Alternatives to Coinbase
Coinbase is a popular choice among crypto investors, both for beginners and advanced users.
However, you can look up other platforms that offer similar services to compare and figure out which is most suitable for your investment. Such platforms include:
Matador is a free stock-trading program that focuses on social media.
You can link your profile with friends so you can see when they add stocks to their portfolio or liquidate current positions by selling out of certain equities when you register and add a bank account to transfer money.
In this 2021 Review of Matador, you will learn all about the insights that makes this trading App a crowd favorite amongst Generation Y.
2021 Matador App Review | What Is Matador /Public App
Public, formerly known as Matador, is a stock-trading app for novice investors that has been open to the public since March 2019.
It’s similar to a lot of other beginners investing applications (like Robin Hood), but with a social component.
People can view the purchases and sales of their friends and other popular users.
You can find stock ideas on Public, but you should consult a financial advisor for help diversifying your portfolio and managing risk.
When Was Matador App Created
The Matador app, which lets users see what stocks their friends are buying, makes it simple to buy and sell stocks and ETFs with no commissions in seconds.
Matador was founded in May 2017 to make investing more accessible to younger generations by making it easy, social, and commission-free.
Who Created Matador App and Why was it Created?
Matador was founded in May 2017 to make investing more accessible to younger generations by making it easy, social, and commission-free.
Jannick Malling, Matador’s CEO, said, “We built a social platform that allows first-time, young investors to make informed investing decisions.”
How Does Matador App Work ?
To get started, iPhone users can download the app and fill out their investment application (the software is not currently accessible for Android users).
Once the information has been validated, users will receive an approval notification, after which they can fund their account and begin investing. Some app reviewers praised the program’s slick and user-friendly UI, which includes tabs for particular stocks and trends.
Users can examine information about the firm they intend to invest in as well as standard trading statistics like the P/E ratio and market capitalization.
But it’s the feed of your personal Matador community (linked to Facebook) where you can see other people’s portfolios and a list of companies they hold that makes this app stand out.
iPhone Users Can Download the Matador App on the Apple Store
You can, however, disable the social option if you don’t want to share your portfolio.
Matador’s social tab, in addition to displaying your stocks, allows you to explore the stocks that the Matador community has most recently traded, giving you “a sense of which equities are trending throughout the broader Matador community.”
Concerns about social investing generating an investment bubble that inflates or deflates demand are alleviated by the fact that Matador only shows you what you want to see.
Main Features of the Matador App
Engaging conversations
Increases accessibility and allows Matador users to contact anybody at any time.
Allows real-time messaging by e-mail, SMS, and chat, which improves customer interaction.
Comprehensive profiling
Personalized interactions by maintaining a complete and detailed perspective of each visitor.
Provides greater insights into each client’s journey and fills in gaps in customer reviews
Scoring
Boosts conversion and brand loyalty by leveraging the power of Business Intelligence.
Machine learning to prioritize workflows and locate high intent prospects.
Capture
Clients and their teams can use the chat widget to gather and convert anonymous sessions into engaged customers.
Increases sales and generates greater value by quickly giving customers pertinent information.
Reviews
Increase business and build an audience by converting customers into ambassadors
Keep a check on overall user experience and prioritize a good customer experience
How Will You Benefit From Matador App
MATADOR is dedicated to providing simple-to-use, high-performance applications that boost productivity and agility in the workplace. We make certain that: • Industry Standards are met
From analysis to design to development to testing and documentation, we use an industry-standard Software Development Lifecycle (SDLC) process.
Flexibility & Scalability
To accommodate increasing company demands, we create complete application solutions with the future in mind.
Cost Savings
Adopt a hosted software paradigm to avoid making large upfront infrastructure and maintenance investments.
On-Time, On-Budget Delivery
Matador app publish milestones regularly to maintain transparency and meet deadlines and budgets.
Service Guarantee
Benefit from our customer-centric service delivery and technical support from our 24×7 Regional Service Desk.
What Are Users Saying about Matador App
One of the users says:
I like how simple the interface is to use. When it comes to initiating initial contact with customers, the automated text setting saves a tremendous amount of time. I routinely qualify 200-300 leads at a time, and Matador was important in ensuring that I was able to do so without the assistance of a team. With all of Matador’s features, one full-time employee could easily do the job of a small B&B. The Matador team is also amazing to deal with.
Another recent iPhone user of the Matador App declares:
I like how simple the interface is to use. When it comes to initiating initial contact with customers, the automated text setting saves a tremendous amount of time. I routinely qualify 200-300 leads at a time, and Matador was important in ensuring that I was able to do so without the assistance of a team. With all of Matador’s features, one full-time employee could easily do the job of a small B&B. The Matador team is also amazing to deal with.
Simple, practical, and user-friendly Matador has only good things to say about it: it’s well-designed and has fantastic customer service. It comes highly recommended! The best features were bulk messaging and tracking my client funnel. It aided me in increasing sales and narrowing down my target market.
How To subscribe to Matador App ?
Begin by downloading the Public app from the Google Play or Apple App Store!
Setting up and completing your investment application through the app takes only a few seconds, and then we’ll take care of the rest. We’ll send you an approval notification and a free stock once we’ve verified your information.
Click the Free Stock button in the top right corner of the home screen to get started.
Matador App Has been rebranded to Public.com
From there you’re ready to rock, fund your account and begin investing!
To invest in your Matador account, you must meet the same requirements as any other brokerage account:
You must be 18 years old,
Must have a valid Social Security number,
Must live in the United States legally.
Be a citizen of the United States, a permanent resident of the United States, or have a valid visa.
In some rare circumstances, you may need to provide more information to complete your application.
How To Cancel Your Subscription to Matador ?
To unsubscribe your account on Matador, you just have to delete your account.
How to Reach Customer Service if you have an inquiry?
If you have any queries and you want to reach customer care, then you just have to visit the matador app site and get in touch with customer support.
All of your customer service needs are in one place.
Questions, comments, product info, they provide all.
Note that email is the fastest, easiest way to get your issue resolved.
Phone: 1-720-242-6437 (M-F 8AM-5PM Mountain Time)
Returns (USA):
Matador’s typical return policy is 30 days from the date of purchase.
Returns must be unopened and in the same condition as when they were shipped. After 30 days, no returns will be allowed.
The cost of return postage is the responsibility of the customer.
To make a return, please email CustomerService@MatadorUp.com and include the name or order number. Matador asks for 3-5 business days upon receiving the order to process your return.
International Returns: Matador’s typical return policy is 30 days from the date of purchase. Returns must be unopened and in the same condition as when they were shipped. After 30 days, no returns will be allowed.
To return an item, send an email to CustomerService@MatadorUp.com with your name and order number. Matador will issue a complete refund once the item is received in the same condition as when it was shipped.
International Orders, Shipping, Duties, Taxes, Etc.: All charges related to importation to the destination country are the responsibility of the customer. All tariffs, taxes, and brokerage fees related to the order are included. The cost of shipment is not included in the free international shipping offer, nor are customs or taxes.
Matador Warranty
Transparency is important to Matador.
Matador does not provide misleading “lifetime” guarantees that cover “the product’s life, not the user’s life.” Matador, on the other hand, tells you exactly what you can anticipate from their warranty and then delivers. The following are the details of the various warranties offered by Matador:
Matador 1-Year Warranty: Unless otherwise stated, all Matador items come with a one-year warranty against material and workmanship faults. If you have a problem with a Matador product within one year of purchase, Matador will replace, refund, or repair it at no cost to you.
Matador 2-Year Warranty: Only for devices with a 2-year warranty: If you encounter a problem with a Matador product within two years of purchase, the Matador team will replace, refund, or repair it at no cost to you.
Warranty Restrictions: Purchases made from unlicensed retailers on third-party sites, platforms, or stores (such as eBay or Amazon) may be excluded from warranty coverage. To register a warranty claim, you’ll need proof of purchase.
Warranty Claims: To file a warranty claim, please email CustomerService@MatadorUp.com.
Please include your name and order number, as well as a photo/scan of your original purchase receipt or original order confirmation.
Matador makes every effort to provide excellent service to our customers.
Matador may examine warranty claims that do not match the above standards at its discretion.
If you fit this description or don’t have your original receipt, reach out to CustomerService@MatadorUp.com with your issue and Matador will determine if Matador can still cover the issue under warranty
What Are the alternatives To Matador App
Here are some alternate trading Apps that are competing with the MAtador App.
Here is a step by step video on how you can trade Options on the Webull App.
Pros and Cons
PROS
Great for Investment Beginners
If you’re new to investing, the Matador app might be the best option.
Many programmers make investing and deciding how to share your assets simple.
Some apps take a hands-off approach, investing extra money from your bank account or change from your purchases without any additional work on your part.
Others provide educational guidance on investing that can be helpful for beginners.
Some apps even use algorithms to help you make investment decisions.
Low-Hanging Fruit
Another advantage of utilizing a Matador investment app is that many of them have little or no minimums and fees. This makes it simple for people with lower incomes to invest, and it can be a smart method to save and build your assets with no work. Some programmers let you spend as little as $5, while others rely on rounding up your credit card purchases to invest leftover change.
CONS
MINIMAL PERSONAL FINANCIAL ADVICE
The disadvantage of using the Matador app is that you don’t have the benefit of working with someone who can provide you personalized counsel and direction.
This may be acceptable for folks who are just getting started or have a small amount of money to invest.
However, if you want to start investing substantial sums of money, you should speak with a financial specialist who can help you sort out your objectives and save money.
FEES CAN ADD UP
Even if the investment Matador app fees appear to be tiny, they can add up quickly when you consider the returns you’re getting, especially with small sums of money. Apps with flat monthly prices can harm you more than they benefit you.
For example, a $1 monthly fee for a Matador app may appear to be quite affordable.
When compared to an app or investment service that takes a percentage of your funds, the cost is much lower. Assume that the asset-based fee is 1% per year.
Your asset-based charge would be $1 for the year if you invested $100, but your flat cost would be $12. (12 percent instead of 1 percent).
Even if you aren’t ready to start investing, speaking with a financial professional can help you determine which investment strategies are appropriate for you, whether you use a Matador app or a person.
No Options Trading as of this time on Matador App
We know that Option Trading provides a good leverage to beginner investorsbecause of the low barrier to entry.
What this means is that you do not need tons on moeny to start investing with options.
Luckily, with the recent introduction on fractional shares trading, users will be able to buy some of the most expensive stocks.
FINAL THOUGHTS ON MATADOR APP
Matador (currently known as Public) is a new stock trading platform that does not charge commissions.
An Android app is in the works, and there is a waiting list to be notified when it becomes ready.
Matador is a smartphone app that offers no-fee trading on over 5000 US equities and ETFs.
You select Matador because you want to be a part of a community.
What sets Matador apart from the competition is the ability to connect with friends and see what they’re investing in.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
MMAT stocktwits has over 38000 watchers or followers. That did not prevent the stock from diving since from $21 to less than a dollar since June 2021. which beg the question: Is MMAT huge Stocktwits fan base helping new investors make rational decision about this company? MMAT Stock Company Overview Meta Material Inc, is now the official name of the company that used to be called Torchlight Energy Resources, Inc. It has 130 employees and is located in Nova Scotia, …
There has been an increasing interest in OnlyFans potential IPO in near future. Find out how you can buy OnlyFans Stocks and shares should the company decide to go public soon. What is OnlyFans? OnlyFans is the latest social media and content hosting service that enables creators to directly earn revenue from their followers. Think of OnlyFans as an uncensored version of YouTube without the ads. The majority of the creators albeit not all of them comes from the adult …
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.
Successful Tradings Alerts Consistent Performance
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?
Third Week Option Expiration has a very Subtle Pattern on ST Trade Alerts
When you gather your notes on the patterns, you may be able to adjust your Risk.
The chart above illustrates just how to Successful Trade Alerts average move per stock tens to dip below their normal average on the third week of options expiration.
Instead of the usual 8% or more, the average move per stock comes down to by a good 25%.
Therefore, we know that on this third week of each month, we can lower our strike price and risk less money as well.
7 Best Trading Journals
TraderSync Review | Best Trading Journals Overall
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.
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.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
MMAT stocktwits has over 38000 watchers or followers. That did not prevent the stock from diving since from $21 to less than a dollar since June 2021. which beg the question: Is MMAT huge Stocktwits fan base helping new investors make rational decision about this company? MMAT Stock Company Overview Meta Material Inc, is now the official name of the company that used to be called Torchlight Energy Resources, Inc. It has 130 employees and is located in Nova Scotia, …
There has been an increasing interest in OnlyFans potential IPO in near future. Find out how you can buy OnlyFans Stocks and shares should the company decide to go public soon. What is OnlyFans? OnlyFans is the latest social media and content hosting service that enables creators to directly earn revenue from their followers. Think of OnlyFans as an uncensored version of YouTube without the ads. The majority of the creators albeit not all of them comes from the adult …
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.
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 Review | Best Trading Journal Software for Beginners
This is, without a doubt, the best-designed trading journal software currently on the market right now.
We appreciate the fact that it is simple to use and quite useful.
Edgewonk is the Trading Journal Software for Beginners
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 back tests.
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.
Back test 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
TraderVue Review | Best Trading Journal Software for Experts
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 Review | Budget-Friendly Best Trading Journal App
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.
Trademetria Trading Journal
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.
What is Trademetria Pricing?
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 Review – Best Trading Journal Software for Forexand Crypto
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.
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.
Edgesheet founders are software engineers Goncalo Lopes and Carmen dos Santos from London, England.
Edgesheet Review: Edgesheet Trading Journal is affordable at $19.99/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.
What is Edgesheet Pricing?
You can easily subscribe to Edgesheet by visiting their official website.
You will get the free 14-days trial and afterwards, it will cost you $19.99 per month.
The monthly recurring price for Edgesheet fully automated trading journal software is attracting a great deal of interest.
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
How to Contact Edgesheet Customer Service?
You can reach out to Edgesheet support via email: admin@edgesheet.com
What are Edgesheet Users Saying about EdgeSheet Experience
Edgesheet on its twitter account re-tweeted this feedback from a very satisfied user.
EdgeSheet is a far superior trading journal to EdgeWonk. Period. API integrated with FTX, automatic, massive range of performance metrics, snap shots trades via TV.
EdgeSheet Review on Twitter by a user comparing Edgesheet vs EdgeWonk
Coinmarketman Review | Best Trading Journal Software for Crypto
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.
Coinmarketman Trading Journal
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 Stock Trading Journal Software
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.
Journalytix Trading Journal
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.
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 Software Summary
To help you decide what is the best trading journal software that fits your current needs best, here is a comparative table summary.
Trading Journal Software
Primary Market
Supported Exchanges
Pricing
Mobile App
Free Trial Period
Edgesheet
Forex, Crypto
BitMEX, FTX, Bybit, Binance Futures
$19.99/month
Yes
14 days
EdgeWonk
Stocks, Options
cTrader, IB, Meta Trader + more
$169/year
Yes
N/a
TraderSync
Stocks, Options
NYSE, Nasdaq
$29.95/month
7 days
Journalytix
Futures, stocks and Crypto
Binance, NYSE, CBR, Nasdaq
$47/month
Yes
14 days
Coinmarketman
Crypto
BitMEX, Binance, Coinbase, Bybit+ others
$42/month
No
7 days
Trademetria
Stocks, Futures, Crypto
Binance, Coinbase, NYSE, Nasdaq
$19.95/month
Yes
N/A
TraderVue
Stocks, Options
NYSE, Nasdaq
$29.95/month
Yes
N/A
Top 7 Trading Journals Software Comparison
EdgeWonk vs Tradersync
Despite its very attractive yearly pricing, EdgeWonk did not receive too many accolades from the users we surveyed.
In this head-to-head comparison of EdgeWonk vs Tradersync, the latter came ahead in a landslide.
No need for a recount 🙂
EdgeWonk vs Tradervue or Tradervue vs EdgeWonk
Our social media panel survey in comparing TraderVue Trading journal software vs its EdgeWonk counterpart came in at 79% in favor of TraderVue.
Therefore, the edge clearly goes towards TraderVue.
Tradersync vs Tradervue
You cannot go run with either Tradervue or TraderSynch.
The decision here for us depends on your current level of expertise as a trader.
If you would like more information you can leverage in making your trading decision, then go with TraderVue.
Otherwise, TraderSynch is a great choice for a trading journal software.
Trademetria vs Tradersync
The edge in this review of Trademetria vs Tradersync has got to in favor of Tradersync for it is a more complete trading journal software.
FINAL THOUGHTS ON Best Trading Journals Software
There is no question that keeping a decent trading journal Software or App 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 ha
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.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
MMAT stocktwits has over 38000 watchers or followers. That did not prevent the stock from diving since from $21 to less than a dollar since June 2021. which beg the question: Is MMAT huge Stocktwits fan base helping new investors make rational decision about this company? MMAT Stock Company Overview Meta Material Inc, is now the official name of the company that used to be called Torchlight Energy Resources, Inc. It has 130 employees and is located in Nova Scotia, …
There has been an increasing interest in OnlyFans potential IPO in near future. Find out how you can buy OnlyFans Stocks and shares should the company decide to go public soon. What is OnlyFans? OnlyFans is the latest social media and content hosting service that enables creators to directly earn revenue from their followers. Think of OnlyFans as an uncensored version of YouTube without the ads. The majority of the creators albeit not all of them comes from the adult …
Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors.
A week later, we now can officially trade Fractional shares on the Webull App trading platform.
This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull.
What Is Fractional Shares Trading
A fractional share is less than a whole share of a stock.
That is a partial share between 0.00001 and 0.99.
Instead of investment in a full share price, an investor can just purchase a small piece of the entire stock.
It has been a long time coming for retail investors to get access to this feature.
Finally, Webull has made the wait for fractional shares trading worth a while.
Why Do People Trade Fractional Shares
The valuation are getting so high with some of the US stocks that it has gotten more and more difficult for small investors to get into some of the big name stocks.
The likes of NFLX, ROKU, NVDA, APPL (before the Split), TSLA (even after the split) may just be too expensive for some beginner investors.
Lets not even bring the ones above $1000 into this conversation.
AMZN, GOOG are too good examples of stocks that a great deal of traders and investors cannot have access to without fractional shares trading.
Now with the introduction of fractional shares, anybody with a small account has the opportunity to invest in the same stocks as the big institutions.
With just $50, you can purchase 0.014 fractional shares of AMZN .
Or you can elect to go with GOOG fractional shares and the same $50 will allow you to own 0.02 shares.
Fractional Shares and Dividends
Assume you hold fractional shares of a Dividend paying stock.
You will be able to earn dividend on your fractional shares proportional to your fractional shares holdings.
As an example, if a dividend pays $1 on a full stocks and you hold 0.33 fractional shares, you will receive $0.33 as a dividend payou.
This represent 33% of the dividend because you hold 33% of the whole stock.
Legal Impact of Fractional Shares
As a shareholder of a fraction shares, you are not entitled to proxy voting.
However if you own some whole shares and fractional shares, the whole share portion of your investment gives you the rights to proxy voting.
This may no matter for most retail investors because they own so little of the shares that their voting does not have a great great of impact.
Webull Guidelines On Fractional Shares Trading
Before you get too excited at the prospect of building your portfolio of fractional shares on some of the big name stocks, here is what what you can and cannot do on Webull fractional shares trading.
Can you Trade Fractional Shares on All Stocks ?
As of this writing, Webull has opened fractional shares trading on only certain stocks and ETFs.
The main stocks on the S&P500 are available for fractional trading.
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.
Learning How to Trade Options as a beginner does not have to be as complicated as you may have heard. In this step-by-step guide, I will show you how to get started with a very solid foundation on Options trading. Ready to find out about how to trade options like a pro? Let’s get into the details. Telex Hold a Master Degree in Electrical engineering from Texas A&M University. African born – French Raised and US matured who speak 5 …
If you are new to stocks or options trading, reading stock charts is one of the most intimidating skills to master. Hopefully, Webull platform introduces very intuitive stock charts. This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account. How To Read Webull Charts | Webull Charts Overview Whether you are using the Webull App or its desktop version, setting up …
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 10 1999. …
Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the training course offered on the App version of Webull, take …
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.
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.
Change the Order Type to Market Order For Fractional Shares Trading
3. Click on Whole Share to switch to Fractional Shares as shown below
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 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
AAPL
0.03
0.07
0.10
0.14
0.17
0.21
0.27
0.34
0.41
0.48
0.55
0.62
0.68
0.75
0.82
MSFT
0.02
0.04
0.05
0.07
0.09
0.11
0.14
0.18
0.21
0.25
0.29
0.32
0.36
0.39
0.43
AMZN
0.001
0.003
0.004
0.006
0.007
0.008
0.011
0.014
0.017
0.020
0.022
0.025
0.028
0.031
0.034
FB
0.015
0.029
0.044
0.059
0.073
0.088
0.117
0.147
0.176
0.205
0.235
0.264
0.293
0.323
0.352
GOOG
0.002
0.004
0.006
0.008
0.010
0.012
0.016
0.020
0.024
0.028
0.032
0.035
0.039
0.043
0.047
NFLX
0.009
0.019
0.028
0.038
0.047
0.057
0.075
0.094
0.113
0.132
0.151
0.170
0.189
0.208
0.226
NVDA
0.007
0.014
0.021
0.028
0.034
0.041
0.005
0.069
0.083
0.096
0.110
0.124
0.138
0.152
0.165
TSLA
0.008
0.016
0.023
0.031
0.039
0.047
0.062
0.078
0.093
0.109
0.124
0.140
0.155
0.171
0.186
JPM
0.033
0.065
0.098
0.131
0.163
0.196
0.261
0.327
0.392
0.458
0.523
0.588
0.654
0.719
0.784
V
0.020
0.040
0.060
0.081
0.101
0.121
0.161
0.202
0.242
0.282
0.323
0.363
0.403
0.444
0.484
JNJ
0.030
0.060
0.089
0.119
0.149
0.179
0.238
0.298
0.357
0.417
0.476
0.536
0.595
0.655
0.714
PYPL
0.017
0.034
0.051
0.068
0.085
0.102
0.136
0.170
0.204
0.238
0.272
0.306
0.340
0.374
0.408
Fractional Shares Table | How Much You Can Buy per Budget Allocation
Download Our Free Fractional Shares Calculator
Fractional shares calculation can become tricky.
Therefore, I ma providing my free Fractional Shares calculator for download for any stock.
Just the current price of the stock and the calculator gives you an idea at different price of how many fractional shares you can purchase.
Also, the calculator will enable you to modify your initial investment if the suggested numbers do not match your desired investment.
Just change how much money on the first row and you automatically get the answer to how many fractional shares you can afford to buy with the money you have.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
MMAT stocktwits has over 38000 watchers or followers. That did not prevent the stock from diving since from $21 to less than a dollar since June 2021. which beg the question: Is MMAT huge Stocktwits fan base helping new investors make rational decision about this company? MMAT Stock Company Overview Meta Material Inc, is now the official name of the company that used to be called Torchlight Energy Resources, Inc. It has 130 employees and is located in Nova Scotia, …
There has been an increasing interest in OnlyFans potential IPO in near future. Find out how you can buy OnlyFans Stocks and shares should the company decide to go public soon. What is OnlyFans? OnlyFans is the latest social media and content hosting service that enables creators to directly earn revenue from their followers. Think of OnlyFans as an uncensored version of YouTube without the ads. The majority of the creators albeit not all of them comes from the adult …
If you are new to stocks or options trading, reading stock charts is one of the most intimidating skills to master.
Hopefully, Webull platform introduces very intuitive stock charts.
This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account.
How To Read Webull Charts | Webull Charts Overview
Whether you are using the Webull App or its desktop version, setting up 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 Webull 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 Webull Chart Setting on the App
In the new Webull App interface, after you select a stock, the first icon on left of the stock chart.
The view below may be different for you the first time if you have not set up your Webull chart settings yet.
How to Access 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.
Webull Chart Toolbox
How To Setup Your Webull 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 Webull chart.
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.
Below is a view of the difference between the hollow candles and the 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.
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.
Setting Up Moving Averages on Webull Charts
In order to setup your moving averages, just enter the number of periods 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.
Related Video : How Long It Takes To Make 1000% Option Trading Our Gang$Ta Strategy
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.
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.
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 …
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 10 1999. …
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. …
The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use the Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …
Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the training course offered on the App version of Webull, take …
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.
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 Webull provide you will the ability to see two charts simultaneously.
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.
Dual Charts View for PINS and AMC
How To Read Webull Options Charts
If you are an option trader like me, following the options charts is even more important than the stock charts.
What Does Options Chart tell Options Traders
Options track the movement of the specific contract you are trading.
Therefore, what’s better than tracking exactly how that instrument is moving.
Of course, the option chart mirrors the stock charts.
However, there are specific things we can only see on the option charts.
Options chart helps traders track contract price movement
The price of an option contract can increase or decrease because of a spike/decrease in implied volatility while the stock itself is not moving much.
Often, this happens around Earnings date.
Or simply because markets makers are adjusting to overall market conditions.
Track the Contract you are trading
The other major factor that will make options price movement is how many traders are buying those contracts.
In all of these scenario, options traders like you and me cannot get this information by simply looking at the chart of the stock.
Therefore, I teach traders in my Discord room how to read options charts.
You can setup your options charts with the same indicators you already have on your stock chart.
Here is a short tutorial video on how to read options charts on Webull.
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 standard?
Learning How to Trade Options as a beginner does not have to be as complicated as you may have heard. In this step-by-step guide, I will show you how to get started with a very solid foundation on Options trading. Ready to find out about how to trade options like a pro? Let’s get into the details. Telex Hold a Master Degree in Electrical engineering from Texas A&M University. African born – French Raised and US matured who speak 5 …
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 10 1999. …
The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use the Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …
Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the training course offered on the App version of Webull, take …
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.
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.
The amount to add is always the difference between $25000 and the current value of the account.
It should be noted that the funds can be Cash or any equity you may already own.
Do All brokers Enforce Pattern day Trader Rule
In the United States, all brokers must enforce the Pattern Day Trader Rule.
It has been my experience that the interpretation of the rule may sometimes vary from broker to broker.
My advice is to always ask for clarifications on what a broker will allow you to doin order to avoid any unnecessary surprise.
Pattern Day Trader Work Around in Robinhood
Robinhood traders are the ones who suffer the most from the PAttern Day Trader Rule.
I have witnessed stories from traders in our Discord room who could not take profit on big traders just because they will trigger a Pattern Day Trader Status.
Should you ever find yourself in this situation, please take the profit and deal with the consequences later.
And Here is why ?
The US markets have become so volatile nowadays with the whole meme Stocks Frenzy that you are not guarantee that profit you see at one instant will be there an hour later left alone they next day.
The likes of AMC, GME, SPCE have shown us recently the huge advantage of Day trading over numerous long tern strategies.
Bad Solutions To Overcome Pattern Day Trader Rule
One of the most popular method to workaround the Pattern Day Trader Rule is to have multiple accounts from different brokers.
By the way, do not try to set multiple accounts for this purpose at the same brokerage frim.
They will immediately flag it and let you know that that is not a practice they condomn.
With so many trading platforms in the USnowadays, it is relatively easy to setup multiple accounts.
How to workaround Pattern day Trader with multiple accounts
The idea of this mad technique is that you will have 3 days trade each five days multipled by the number of accounts.
So let’s say have account with Futu MooMoo, E*TRADE and Webull just to name these three we are very familiar with.
Consequently, you now have 3×3 = 9 day trade you can use on a weekly basis.
We learned earlier that the Pattern Day Trader Rules regulates the use of margin accounts only.
A advantage of the margin account is that it increases your buying power significantly.
However, it is often forgotten that trading on margin can lead to you losing more money than you have.
Therefore, for beginner traders, I strongly recommend using a Cash account instead.
Cash Account vs Margin Account
Setting a Cash Only account precludes you from being subject to the Pattern Day Trader Rule.
It also removes the Risk of loosing more moneythat you put into your trading account.
You may or may not have read the horrible studies on some complex trades that have gone wrong and traders ended up owing hundred of thousands of dollars.
Avoid becoming the hero of such next story.
Here is our full detailed video on how to setup your trading account for beginner traders.
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 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, 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.
Microcap Millionaires ebook
Additionally, the program is designed for those who have a modest trading account and want to expand it into something much larger.
The service will be beneficial to traders, as well as people who do not have the time to sit in front of their screens all day following stock movement.
However, individuals who have day jobs will gain the most from the service.
This is due to the fact that Matt generally takes care of everything for you, so you don’t have to spend the entire day on the computer.
The Most Important Features of Microcap Millionaires
Weekly Selections
When you join up for the Microcap Millionaires program, you will receive weekly stock recommendations in the form of an email that has the potential to help you earn substantial profits.
The selections include short-, medium-, and long-term equities to purchase or sell, which makes the program ideal for both short- and long-term investors, depending on their objectives.
In addition, Matt will advise you on the best time to purchase or sell, as well as at what price. Essentially, weekly choices are intended to remove the element of surprise from the situation.
Participation in a Forum
In addition, the program includes a private members’ forum where users may interact with other traders who share their interests. This is a feature that only a small number of stock selecting newsletters provide their subscribers.
Beginners will be able to learn additional trading methods from more experienced traders in this setting.
In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
Looking to trade options as a beginner but do not know where to start? Look no further than this Must-read articles about trading options as a beginner. I will answer all of the questions you are wondering about plus provide hands-on insights based on my experience coaching several options trading beginners. Is Options Trading Good for Beginners The first step to trading options for Beginners is to learn how to what you need to know without losing money. Once you …
MMAT stocktwits has over 38000 watchers or followers. That did not prevent the stock from diving since from $21 to less than a dollar since June 2021. which beg the question: Is MMAT huge Stocktwits fan base helping new investors make rational decision about this company? MMAT Stock Company Overview Meta Material Inc, is now the official name of the company that used to be called Torchlight Energy Resources, Inc. It has 130 employees and is located in Nova Scotia, …
There has been an increasing interest in OnlyFans potential IPO in near future. Find out how you can buy OnlyFans Stocks and shares should the company decide to go public soon. What is OnlyFans? OnlyFans is the latest social media and content hosting service that enables creators to directly earn revenue from their followers. Think of OnlyFans as an uncensored version of YouTube without the ads. The majority of the creators albeit not all of them comes from the adult …
Furthermore, by participating in the forum, you will be able to choose from a larger pool of options provided by other users.
While there are occasions when choices from other traders are as excellent as or even better than those from Matt, you must exercise extreme caution while doing so.
Furthermore, the forum is a fantastic platform from where you can get all of your issues addressed as quickly and efficiently as possible.
Technical Analysis
Another excellent aspect of this service is that for each stock Matt suggests, he generally includes a technical analysis explaining how he arrived at his conclusion.
This is a valuable addition to the service. As a result of this research, you will have greater confidence in Matt’s weekly stock choices as a result of the many reasons he chose the specific stock.
You will also be able to observe the selection process for penny stocks, which will be very interesting. Consequently, if you opt to go it alone, you will have a very simple journey ahead.
Keep a Running List of Things to Watch
In addition to the weekly choices, the platform provides a watch list of several stocks that have the potential to be successful in the near future.
This is intended to offer you an idea of which stocks may be the next big thing, as well as which ones to avoid in order to prevent making losses.
Educational Materials
As a member of the platform, you will have access to a comprehensive range of instructional tools designed to help you learn more about trading microcap stocks from its founder.
A large number of in-depth and educational films are available, detailing the many techniques Matt employs when making his stock selections.
In addition, fundamental concepts like money management, technical analysis, and resistance are covered in the films.
There are also a plethora of downloadable reports that include information comparable to that contained in the videos.
As a result, this will assist you in understanding how and why Matt selects the stocks that he chooses.
As an Added Bonus
According to Matt Morris, after you participate in the program, you will get instant access to the Penny Stock Strategy guide.
The course, which is exclusively available to members, offers essential information about trading small-cap stocks and is only accessible through the members’ area.
It also contains additional ideas and guidance that will be beneficial to both novice and experienced investors.
Furthermore, if you sign up for the service before the summer sale period ends, you will receive a discount of about 50% on your subscription fee.
As a result, rather than paying a $97 monthly membership fee, you will only pay a $49 monthly fee.
This is advantageous since you will still be receiving all of the benefits of the $97 monthly fee.
How Does Microcap Millionaires Work ?
Members of Microcap Millionaires are assured of getting newsletters outlining Matt’s newest choices through e-mail as long as they remain active members.
According to Matt, he typically does extensive research on a variety of stocks before making a choice based on his instincts, results, and previous expertise as a microcap trader on the stock market.
All of the key information you need to trade successfully is summarized in the email.
Sign up for the newsletter now!
Additionally, it sends you alerts when certain stock entry and exit points are reached, so you don’t have to rely on guessing.
Normally, when all subscribers receive email notifications on which stocks to trade and then act on them immediately, the stock prices rise by around 20 percent on average.
As a result, they are able to realize significant profits.
How To Profit From Microcap Millionaires
By quitting the deal, on the other hand, the prices are returned to their previous levels.
As a result, the higher the number of subscribers, the greater the influence that they will have on the stock price after the alert is sent out.
The majority of Morris’s gains, on the other hand, are only realized if the stock acts precisely as Morris said it would.
This is the greatest part: all of his selections are backed by background information on why he selected them, allowing you to feel certain that they have the potential to convert.
Is Microcap Millionaires a Worthwhile Investment, or Is It a Waste of Money?
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.
Because this is essential for you whether you are learning about penny stocks for the first time or have years of expertise in the market.
Investing in penny stocks requires little time commitment and carries little risk.
The Bottom Line
Microcap Millionaires is more than just a stock picking service.
It is also a regular email-based newsletter that aims to teach its subscribers how to identify legitimate small-cap stocks.
These are undervalued and trading for pennies on the dollar, as well as when these stocks are poised to make huge gains.
It is possible to start picking winning trades even if you do not have much or any trading experience.
If you are a beginner investor who does not yet have much or any trading experience, this program is perfectly fitting for your circumstances.
You can use this newsletter and guide to get started picking winning trades even if you do not have much or any prior trading experience.
