When you are trading and looking at a bid/ask quote, you are looking at the Level 1. To go a step further, you can subscribe for Level 2 quotes where you will gain access to the NASDAQ order book that contains price quotes for each price level and the size on each order along […]
Of all the patterns created by price action, the flag and pennant pattern are some of the easiest to recognize as well as trade. They provide excellent entry and exit points with defined risk and reward scenarios. Below we’ll compare their differences in both appearance and trading tactics. Flag Pattern A popular trading pattern for […]
New traders have a lot of things going through their head. Some are necessities, but most of it is noise. Because of this, it is easy to forget about the those things that can cause a trader to be unprofitable and inconsistent. Risk management is one of those things; to be more specific, stop losses. […]
An exponential moving average (EMA) is an average price calculation over a specific time period that puts more weight on the most recent price data causing it to react faster to price change. Traders use moving averages on charts to help determine trend, direction, and strength, and are often used as entry and exit […]
Generic Trade is an online futures and options broker that offers the latest in trading technology. As a specialty deep discount broker, Generic Trade specially serves fee conscious and hands-on futures traders. Simply put, Generic Trade is designed for traders interested in discount options and futures trading. It is also suitable for traders who also […]
Founded on March 1852, Wells Fargo was started by Henry Wells and Williams Fargo as a financial services company. Since then, a lot has changed. The good news is that Wells Fargo has found ways of doing things better and adapted with the changing times. As a result, it has earned the loyalty and trust […]
Siebert’s brokerage services are only a small part of the services that it offers to its generally wealthy clients, and it shows. While Siebert’s broker service may be adequate for wealthy investors who are looking to manage some or all of their portfolio themselves, it is inadequate for the contemporary day trader’s needs, and features […]
Stock Market Cycles and Momentum One of the greatest challenges of day trading, besides learning to tolerate occasional losses, is learning to anticipate cycles of momentum. Over my years of trading I’ve noticed the distinctive cycles of momentum. During a hot cycle we will see small cap stocks giving back to back 100% movers. Stocks […]
Brief Overview If you’re an active trader of option contracts, I highly recommend you take a look at eOption. This little known broker provides several trading tools with decent prices. Even better, you’ll get more than just options. Services Offered Despite the name, eOption offers trading in more than just options. Clients get to trade […]
Chartpattern.com is a website/newsletter founded by Dan Zanger that features a chat room for traders to meet and share ideas as they navigate the markets. Dan Zanger is quite possibly one of the best traders on the street as he was able to bring in returns in excess of 23,000% in the ’90s turning a […]
