When placing orders to trade stocks you can place a couple different types of orders but the one I want to talk about now is called market orders. When you place a market order you are saying that you will buy or sell at whatever price the market price is when you submit your order. […]
The Trading Process: Know What You Are Doing What I am going to say here can be interpreted as a very easy concept. At a first sight, it may appear even obvious to most of you. What you may not realize, though, is that this is one of leading factors for new traders to the […]
PennTrade Broker Review PennTrade is an online broker that has been servicing retail traders since 1999 and pride themselves on offering the ability to trade Canadian stocks and on their customer service. Their website is simple and to the point with easy navigation to all the important information like commissions, contact information and services offered. […]
Ed’s Trading Station I have been asked a few questions about how I have my station set up because it is a little different than most traders. Everything is powered by laptops. I think I did a post several months back on my set up at the time but I have substantially upgraded. I started […]
Time and sales (AKA the tape) is a tool that shows every trade that has been executed along with the size and time for that trade. In the image below you will see that there are green and red prints along with white prints, time of trade and the size on the right. The […]
The Average True Range is a trading term used to the measure the volatility of a stock or index. It’s a technical indicator that tells us the average price range a stock typically trades in and was first introduced by Welles Wilder. It calculates the average price range over a given period time, usually for […]
The Most Difficult Decision Whenever you’re thinking about pursuing a new career and especially if you start chasing something you can tell is quite uncommon from looking around, odds are that a number of questions like these will come to your mind: Am I going to fail? Can I make enough space (even quitting […]
A market maker is a broker-dealer who has been certified, and/or has met capital requirements, to facilitate transactions in a particular security between the buyer and sellers. They typically hold a lot of inventory of shares in that security so they can fulfill large amounts of orders in a moments notice. How Market Makers […]
What are Level 1 Quotes? Level 1 quotes are a type of quote for a stock that provides three basic data points: The last price traded The current highest bid price The current lowest ask/offer price They’re called “level 1” quotes because there’s three levels of quotes in the US stock market. Level 1, […]
