Trading Tips

Maximizing Profits While Minimizing Risk in Day Trading

Maximizing Profits While Minimizing Risk in Day Trading

As a day trader, you must develop a risk management strategy for maximum gains. If you’re about to start day trading, you might be thinking of ways to maximize profits and minimize losses — this is the goal of any day trader. A few strategies can help with risk...

4 Key Market Internal Indicators for Day Traders

4 Key Market Internal Indicators for Day Traders

What are market internals? Market internals give us a peek “under the hood” of the market, if you will. From them we gleam insights into the market’s breadth. The S&P may be up on the day, but the market internals may tell a different story. It may be one sector...

A Comprehensive Guide to the RSI Indicator

A Comprehensive Guide to the RSI Indicator

What is the Relative Strength Index (RSI)? The relative strength index (RSI) is a straightforward indicator for identifying when an equity has been overbought or oversold following recent price actions. The RSI is widely used by traders for its ease of interpretation...

How Setting Personal Alerts Can Improve Your Trading

How Setting Personal Alerts Can Improve Your Trading

Successful trading is all about being at the right place at the right time. More specifically, it’s about trading the right stocks at the right times. Active traders don’t get attached to hot stock picks; they follow the momentum in the stock market. Some stocks may...

A Beginner’s Guide to Fundamental Analysis

A Beginner’s Guide to Fundamental Analysis

Investors and traders tend to make their decisions based on two schools of thought within securities finance: fundamental analysis and technical analysis. Boiled down to it’s simplest, fundamental analysis deals with the value of a company/security, and the many...

Beginner’s Guide to Extended Hours Trading

Beginner’s Guide to Extended Hours Trading

What is extended hours trading? Extended hours trading are time intervals outside of regular trading hours where trading still takes place. Volume is usually inconsequential and the vast majority of time, nothing of significance takes place. They’re simply available...

16 Simple Ways to Become a More Efficient Day Trader

16 Simple Ways to Become a More Efficient Day Trader

Efficiency is one of the most important traits of a successful day trader. The word “efficient” is defined as, “achieving maximum productivity with minimum wasted effort or expense.” Time is money, and you want to make the most of it. You want to make sure your...

How and Why You Should be Keeping a Trading Journal

How and Why You Should be Keeping a Trading Journal

Day trading is one of the few jobs that provides infinite profit potential. There is no cap on the amount of money you can make if you continue to grow your account. Making $50,000 per year? Take it to $100,000. Making $1 million per year? Step it up and hit $10...

25 Important Trading Lessons to Commit to Memory

25 Important Trading Lessons to Commit to Memory

Often times, it’s the little life lessons that have the biggest impact. A simple piece of advice from a friend or family member can have a stronger impact than ten self-help books combined. It’s a lot easier to apply a concept such as “treat others how you’d like to...