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 […]
Brief Overview Cash App is a new brokerage service. As the name suggests, most of its features will be found on a mobile platform. Because the company is owned by Square, the well-known payment processor, it also offers several cash management tools. Here’s the rundown: App Overview and Customization At the heart of Cash App, […]
For day traders, both profitable and unprofitable, tax concerns are one of the most criminally overlooked issues. Why? Because aside from trading itself, taxes have the most material impact on your profits than anything else. FIFO (first-in, first-out) and LIFO (last-in, first-out) are inventory accounting concepts. Your local grocery store probably utilizes FIFO to […]
Opening your first trading account can seem daunting given the sheer number of options out there. Fortunately, most brokerage firms follow a straightforward process similar to the one laid out below. Getting your account open is just a matter of choosing a broker, providing some personal information, and funding your account. Once the formalities […]
Almost every trading strategy aims to exploit one of two prevailing phenomena in financial markets: mean reversion or momentum. In a nutshell, mean reversion strategies assume big moves will partly reverse, while momentum strategies assume big moves will continue in the same direction. This article will explain the phenomenon of mean reversion in stock […]
High probability trading strategies are a good starting point but you must also consider some other important metrics to help maximize your profitability. “My best trader makes money only 63% of the time. Most traders make money only in the 50% to 55% range. That means you’re going to be wrong a lot. If […]
Momentum swing trading strategies are perfect for traders looking to capitalize on strong moves that tend to materialize quicker than other strategies on a higher time frame. The Basics: Momentum Swing Trading Strategies All trading strategies fall into one of two categories: trend-following (you’re trading in the same direction that the market is moving/has […]
Now is one of the best times to learn how to start trading stocks. The market it volatile creating a lot of opportunity for savvy traders knowing what to look for. In this article, we will breakdown the basics, ranging from how to choose a broker, the risks involved, the money you need to get […]
This is going to be an intro to treating day trading like a business…looking at trading through the lens of someone who’s a profitable trader and trying to adopt that mindset, because success in trading is more than just skill and strategy. Not that those aren’t very important because they are, but it’s also about […]
There are a lot of online brokers to choose from but as a day trader it is important to make sure you are using a direct access broker. When traders use direct access brokers to place orders, they are sent directly to the exchange, bypassing any middlemen. Typically, this leads to faster executions than one can achieve when […]
