Tag: Technical Trading

  FINRA just made updates to their pattern day trader (PDT) rule that punishes violators much more harshly.  Here’s a quick rundown on what that means: The Pattern Day Trader (PDT) rule allows for no more than three (3) day trades within a rolling five day period, if the account has less than $25,000. Before… Continue reading Update to the Pattern Day Trader (PDT) Rule Makes Life Tough For Retail Traders

  Day trading can be rewarding but challenging, and most traders fail because they can’t control their emotions or are unable to develop a winning mindset. When most people first jump into day trading, they assume that all that is needed is to formulate a great trading strategy and analysis. After that, they only need… Continue reading How To Determine What Account Size You Should Start With

  You make trades in the moment. Ideally, you’re in a ‘flow’ state and not thinking too much about technical details, and applying your training and reviewing later. Think about professional fighters. They don’t think through each punch and slip during the fight. The thinking is done in their training, and then they review how… Continue reading How To Review Your Trades Effectively

  You might be reading this and wondering, I’ve heard of initial public offerings or IPOs, but what is uplisting? Chances are, if you’ve been day trading for any length of time, you’ve bought or sold OTC stocks, which are generally too small to meet the stringent requirements needed to list on a formal exchange… Continue reading Uplisting: How It Works and Why It’s Important

  The U.S. Securities and Exchange and Commission (SEC) is considering a full ban on a controversial practice in the brokerage industry, known as payment for order flow (PFOF), according to Chairman Gary Gensler, who was recently interviewed by Barron’s. On Aug. 30, the day Barron’s published the interview, Robinhood Markets (NASDAQ: HOOD) stock plunged… Continue reading SEC Looking To Ban Payment For Order Flow: What This Could Mean For Robinhood

  When looking for a new day trading laptop, it’s important to be realistic about your budget and your needs. If money isn’t an object and you’re simply looking for the best laptop, we have recommendations for you.  However, most of you will be looking for some balance between cost and performance/features. When working with… Continue reading How To Choose a Day Trading Laptop

  The National Highway Traffic Safety Association (NHTSA), the US automobile regulator, has opened an investigation into Tesla’s Autopilot feature based on twelve crashes in which Teslas with Autopilot enabled crash into emergency vehicles.  The NHTSA is asking Tesla for specific information on how Autopilot responds to emergency vehicles, as well as a barrage of… Continue reading The State of the Tesla Autopilot Probe

  The stock market is a continuous, two-way auction process. If you want to sell, you can ask for any price you want, and the transaction will occur when a buyer is willing to pay your asking price. If you want to sell instantly, you have to accept whichever is the highest price that a… Continue reading When To Buy/Sell on the Bid or Ask

  Scaling in and out of trading positions refers to building and offloading your position incrementally as it meets certain milestones. Scaling into a trade means you begin by initiating a partial position, say 25 shares of a 100 share target position. If the market moves in your direction or shows favorable price action, you add… Continue reading Beginners Guide to Scaling In and Out of Trading Positions

  Day trading has exploded in popularity in recent years but what counts as a day trade and why does it matter? According to the U.S. Securities and Exchange Commission (SEC), day traders rapidly buy, sell and, short-sell stocks throughout the day with the hope that the stocks will continue climbing or falling in value… Continue reading What Counts As A Day Trade?