It is actually more important to see how the stock reacts to the news than the actual news itself. But it is important to always know why a stock is moving. Every great trader knows which types of news catalysts are conducive to their trading strategy. Having a tool that provides you live news on …
If you are serious about becoming a successful trader, you have to be able to find the stocks that fit your unique niche. Many new traders just join a chatroom and follow the leader’s picks. The reality is that you will never consistently profit from following someone else. You need to have your own stock …
Most new traders out there want to spend the least amount of money possible on trading related expenses. They want free scanners, free charting software, free education, and commission-free trading. You don’t need to go crazy with expenses, and don’t need to be spending more than $400 per month on software. But it is a …
It is almost impossible to consistently make money from the stock market without technical analysis. I know there are traders that think they can trade off pure fundamentals. But making money from the stock market is the result from being able to time the markets. Fundamentals help bring conviction to a trade, but they will …
I get dozens of emails and requests everyday asking me about how I make my watchlist. My routine is simple. Every trader needs to take the time to prepare and make trading plans before the market opens. You cannot consistently make money by following others’ alerts. You don’t have to do exactly what I do …
Big egos are the #1 cause of account blow ups. No one likes to admit they are wrong. But unlike in life, the consequences of stubbornness are much more severe in trading. Getting attached to your opinions is the worst possible thing for your trading career. Trading education everywhere talks about the importance of keeping …