Whether your an investor or a day trader, knowing how to tell if a stock is bottoming out is a great way to find good entries in stocks. “Buy the dip” is one of the biggest memes on Financial Twitter (‘fintwit’). Users like Ramp Capital are famous for their relentless bullishness in the face of […]
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How To Identify A Blow-Off Top
What is a Blow-Off Top? In a vacuum, a blow-off top is a steep increase in volatility, volume, and rate of price change which ultimately leads to a collapse in the opposite direction. On a chart, the price pattern often resembles a cone. It steeply increases, reaches an extreme high, then steeply decreases, with the […]
What is the Bloomberg Terminal and Is It Worth It?
When the average investor thinks about the software Wall Street uses, their mind usually turns to the Bloomberg Terminal. This legendary piece of software was released in the 1980s and is the brainchild of former New York City mayor Michael Bloomberg. The software is as ubiquitous on Wall Street trading desks today as it […]
Momentum Indicator (MOM) Explained For Beginners
Many of the best day traders in the world use momentum indicators and achieve outstanding results every year. Momentum traders assume the broader stock market is right and stocks that have shown a recent pattern of upward or downward movement will continue their path. To summarize a well-known phrase among traders, “the trend is […]
Stock Broker Essential Guide
When you want to day trade stocks, options, currencies, futures, or other financial instruments, you need a broker who will execute the trades in the market on your behalf. The broker you choose is a very important decision. They will play a key role in helping you to trade in the market day in and […]
What is MOMO Trading?
What is momo trading and what does momo stand for? These are common questions we see all the time. Although there are many different types of trading strategies available, ‘momo’ trading strategies have become more and more popular in current markets. In this post, we’ll discuss what momo trading strategies are, how you can […]
The Big Housing Migration and How It Affects the Homebuilding Industry
Housing starts for December 2020, reported in late January, hit a level not seen since 2006. A confluence of several factors is driving this trend which we’ll explain in this article. Translation: the housing market is booming once again. Is the boom here to stay, and how does this fare for the homebuilding industry? […]
How To Switch Stock Brokers
Want to know how to switch stock brokers? Here’s a tutorial on what to do, how to prepare for a transfer and what to look for in your next broker. Intro The 2010s was a great decade for retail traders. Discount brokerages eliminated commissions, software offerings improved, minimum deposits went down, and brokers made […]
Ease of Movement Indicator Explained For Beginners
As a day trader, you know one of the keys to understanding price movement is analyzing volume trends which is where the Ease of Movement Indicator comes in. Volume and volatility go hand-in-hand and day traders need an ample amount of volatility in order to lock in large gains. In volatile markets, volume and […]
How Margin Rates Affect Buying Power for Traders
If you utilize margin in your trading, you need to understand how margin works, how much it works, and how it can work against you. In this article we’ll talk about how margin rates affect buying power. What is Margin? Margin is credit that your broker extends to you to trade. For example, in […]