If you're interested in trading stock, it's very important to learn to read candlestick charts. Candlesticks convey much more information than any line chart, and that information is instrumental in calculating entries and exits for your trades. Here are the basics of properly reading candlesticks. A candlestick represents four points of price information and the… Continue reading The Basics of How to Read Candlestick Charts for Trading Stocks
The Pattern Day Trader rule is a big nuisance for day traders with small accounts. If you have under $25,000 in a margin trading account, you are subject to PDT which means you cannot take more than three day trades in a five-day period. If you can't get over $25,000, you probably want to find… Continue reading How to Get Around the PDT Rule for Day Traders
Robinhood and Webull both offer easy-to-use trading platforms that are geared towards new retail traders. I have used both brokers and I have a clear preference for one over the other for many reasons. But, let's take a side-by-side look at both so you can which might fit your trading and investing goals best. Basic… Continue reading Robinhood Vs. Webull: Which Broker Should You Use?
Before you start placing trades on any platform, it's important to know there are several different types of orders that can be placed. Each has its own purpose, and depending on what type of trader you are, you'll find that some work much better than others. If you're trading on the WeBull mobile app, you… Continue reading The Different Simple Buy Order Types on WeBull Explained