As a beginner day trader, having access to free trading tools is very beneficial. It is important that you are able to save money wherever you can. After all, trading is a business. If you are spending too much money early, you are more likely to join the 95% of traders who fail. The easiest...
Day Trading Blog
Watch List Building For Beginners
Building a watch list of tickers that fall within your trading strategy is an essential part of profitable trading. There are roughly over 15,000 stocks that trade on the US markets alone; far too many for you to be able to filter through each and every one. Attempting to do this would leave absolutely zero...
The Definitive Guide To Day Trading In 2020
This is the ultimate guide to Day Trading in 2020. Let me be clear about something: This is NOT your average "Buy The Breakout" trading guide. We will be covering how the big banks and institutions enter and exit trades. If you want to make money trading, then you have to move with the big...
WeBull Review 2020 | Best Free Broker?
Webull Review 2020 In this review we will cover the pros and cons of the Webull Broker. We will look into its tools and features for day trading as well. As a bonus, we will compare this broker to others such as Robinhood. Lets jump right in. Zero Commissions Saves You Money As stated above,...
Top 5 Trading Rules You Need To Live By
Trading is inherently dangerous. Everyone knows that. We know that 90% of people who start to trade stocks eventually fail within the first year and most of their losses can be simply attributed to the fact that they didn’t follow any rules. They acted like gunsligners; randomly picking stocks with no systematic approach and hoping for...
What Is VWAP & How To Use When Trading
Volume Weighted Average Price (VWAP): A benchmark indicator that gives the average price a security has traded at throughout the day, based on both volume and price. VWAP is a very powerful indicator, and is in fact one of the only indicators that I use on my charts when I trade. If used correctly, it can...
OTC Markets Group Inc. – Day Traders’ Dictionary
The OTC Markets Group is the owner and operator of the most substantial U.S. inter-dealer electronic quotation and trading system for over-the-counter (OTC) securities. It provides marketplaces for trading 10,000 OTC securities, making it the third-largest U.S. equity trading forum. The OTC Markets Group breaks their financial markets down into three tiers, distinguishing companies based...
Breakout Trading – Day Traders’ Dictionary
Breakout: A stock price moving above a defined level of resistance with increased volume. A breakout traders’ strategy is to initiate a long position after the stock price breaks above the resistance level. The key to trading breakouts is to focus on big, obvious chart breakouts (multi-day, multi-month, and multi-year work best, as well as...
Pattern Day Trader – Day Trading Dictionary
PDT Rule: Is a rule enforced by the Securities and Exchange Commission (SEC) that is given to traders who make four or more day trades in their margin account over a five-day period. A day trade is when you buy and sell a security within the same trading day. PDT Rule Mechanics Once your...
Swing Trading – Day Traders’ Dictionary
Swing Trading: A trading strategy where the trader attempts to profit from short term movements in a stock that may last anywhere from one day to a couple weeks in duration. Traders who swing trade are generally looking at the ‘bigger picture’ of the stock and tend to use critical levels of support and resistance,...