Day trading has grown in popularity particularly in the past year as more and more individuals sought financial freedom and the ability to live life in a way that is meaningful and fulfilling to them amid the global coronavirus crisis. The surge in amateur day traders has helped to create a record number of new […]
The Roblox IPO is set to take place in March and with all the buzz around gaming, we can expect a lot of traders will have this name on their radar. They will be going public on the New York Stock Exchange this month. It’s growing super fast, and with revenue of less than […]
There is a new buzzword: meme stocks. Recently, some stocks have captured the attention of Wall Street, regulators and Congressional lawmakers, as a band of amateur traders on Reddit forum WallStreetBets teamed up in an effort to squeeze big-money short sellers. For example, we recently saw shares of GameStop (NYSE: GME) – a struggling video game retailer […]
Whether your an investor or a day trader, knowing how to tell if a stock is bottoming out is a great way to find good entries in stocks. “Buy the dip” is one of the biggest memes on Financial Twitter (‘fintwit’). Users like Ramp Capital are famous for their relentless bullishness in the face of […]
What is a Blow-Off Top? In a vacuum, a blow-off top is a steep increase in volatility, volume, and rate of price change which ultimately leads to a collapse in the opposite direction. On a chart, the price pattern often resembles a cone. It steeply increases, reaches an extreme high, then steeply decreases, with the […]
When the average investor thinks about the software Wall Street uses, their mind usually turns to the Bloomberg Terminal. This legendary piece of software was released in the 1980s and is the brainchild of former New York City mayor Michael Bloomberg. The software is as ubiquitous on Wall Street trading desks today as it […]
Many of the best day traders in the world use momentum indicators and achieve outstanding results every year. Momentum traders assume the broader stock market is right and stocks that have shown a recent pattern of upward or downward movement will continue their path. To summarize a well-known phrase among traders, “the trend is […]
When you want to day trade stocks, options, currencies, futures, or other financial instruments, you need a broker who will execute the trades in the market on your behalf. The broker you choose is a very important decision. They will play a key role in helping you to trade in the market day in and […]
Housing starts for December 2020, reported in late January, hit a level not seen since 2006. A confluence of several factors is driving this trend which we’ll explain in this article. Translation: the housing market is booming once again. Is the boom here to stay, and how does this fare for the homebuilding industry? […]
Want to know how to switch stock brokers? Here’s a tutorial on what to do, how to prepare for a transfer and what to look for in your next broker. Intro The 2010s was a great decade for retail traders. Discount brokerages eliminated commissions, software offerings improved, minimum deposits went down, and brokers made […]
