One of the key components of achieving consistent success as a day trader is having a well-designed trading edge that specifies how and what you will trade. Whether you are new to trader or have been trading for a while, having a trading edge is important as it helps keep you on track to attain steady […]
As a trader, one of your goals is to capture the change in the price of a stock. To do this, you want to collect as much information about the shares, including how much of it is traded. The volume of shares traded provides another dimension, that can help you measure the importance of […]
Table of contents Types of Stock Charts Candlestick Charts Why Traders Need Charts Elements of a Stock Chart Identifying Important Candlesticks Stock Chart Patterns Technical Indicators on Stock Charts Almost all traders and investors use stock charts. Whether it’s an intraday chart or multi-year chart, stock charts place today’s price in context. Within seconds, they […]
This is going to be an intro to treating day trading like a business…looking at trading through the lens of someone who’s a profitable trader and trying to adopt that mindset, because success in trading is more than just skill and strategy. Not that those aren’t very important because they are, but it’s also about […]
When it comes to day trading stocks, it is important that the trader is capable of carrying out detailed technical analysis of stock charts. Technical analysis greatly helps traders to make crucial decisions of buying, holding, or selling stocks. In this article, we’ll go over what technical analysis is, why it is important for traders, […]
There are a lot of online brokers to choose from but as a day trader it is important to make sure you are using a direct access broker. When traders use direct access brokers to place orders, they are sent directly to the exchange, bypassing any middlemen. Typically, this leads to faster executions than one can achieve when […]
Learning and spotting chart patterns in the stock market is a popular hobby amongst day traders of all skill levels. Patterns are an important aspect of trading and traders love and naturally count on them when placing small and big trades. Not only are they the connection between trends, but they are also at the origin of all major […]
Every 3 months, the financial media pounces on earnings speculation like lions on raw meat while earnings estimates set the benchmark for performance. Conference call reports from big name firms like Amazon or Microsoft dominate the CNBC headlines and stocks are often more volatile when the reporting companies miss or beat the analysts’ estimates. So […]
Day Trading With Robinhood Robinhood exploded on the scene when they first entered the brokerage industry. They were the first large broker to offer commission-free trades and created the most user-friendly mobile app for trading stocks. This massive competitive edge allowed Robinhood to gain huge market share with millennials, a demographic that big brokers historically […]
“Sell and May and go away” refers to the Wall Street axiom related to the performance of stocks during the 6-months beginning May 1. The theory states that if you reduced your stock holdings on May 1, and repurchased your portfolio on November 1, you would benefit from the outperformance during these periods. May kicks […]
