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☆ A software consultant who had an 805% gain trading stocks in 2023 shares his clearest and easiest pattern to identify a breakout
▼ + stars: | 2024-08-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The third pattern he looks for, which he picked up from Minervini, is the volatility contraction pattern (VCP). AdvertisementIntraday VCPThe VCP pattern can be spotted over multiple days or weeks. The spike in green volume bars parallel to the first price spike demonstrates this in the chart below. AdvertisementFor Gajjala, it's an easier pattern to trade because the contraction period is longer than other patterns he watches for. Below is an example of a trade Gajjala took on Syntec Optics Holdings (OPTX) on November 17.

Persons: aren't, Gajjala, Mark Minervini, Norman Zadeh Organizations: Service, US, Business, Syntec Optics Holdings Locations: Dallas, Minervini

☆ The key price support levels to watch as sellers return to Nvidia
▼ + stars: | 2024-07-30 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

To start let's examine the 200-day moving average on the daily chart below shown as a dashed blue line. Looking back to the most recent correction in April, that was the support level of the price-to-moving average spread: 34%. We could be approaching a support level based on this analysis. This could occur by price continuing to move lower along with the moving average trending higher as the recent higher price readings factor into the average. The 50-day moving average of the daily volume totals is clearly in a decline since April.

Persons: Steve Eisman, Eisman, We're, Todd Gordon, Gordon, NVDA Organizations: CNBC, Nvidia, Jan, Edge, Inside Edge, NBC UNIVERSAL Locations: NVDA

Fidelity vs. Charles Schwab: At a GlanceFidelity and Charles Schwab are two of the largest and most reputable brokerage firms featured in several of our guides, including the best robo-advisors. Making a Choice: Fidelity vs. Charles SchwabFidelity Investments and Charles Schwab are great for all kinds of traders. Charles Schwab is better for higher balances and offers a more comprehensive selection of advanced charting tools like the thinkorswim platform. Fidelity vs. Charles Schwab Frequently Asked Questions (FAQs)Can I open both Fidelity and Charles Schwab accounts? You can open both a Fidelity and Charles Schwab brokerage account to take advantage of each platform's best features and services.

Persons: Morningstar, Charles Schwab Insider’s, Schwab, Charles Schwab, It's, Charles Schwab's, Schwab's Organizations: Fidelity Investments, Fidelity, Business Daily, Investment, Financial Products Fidelity, Teen, Charles, U.S, Fidelity Wealth Services, Technology, Pro, screeners, Schwab, Ameritrade, Charles Schwab Fidelity Investments Locations: cryptocurrencies, Chevron

☆ Options traders increased bets on GameStop weeks before its price spiked, setting up for gains near 1,000%. Here's the strategy behind it and the probability of it happening again.
▼ + stars: | 2024-05-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Those strike prices were substantially higher than the stock's price, which was trading between $10 to $16.50 that week. But what Sosnick found interesting was that the open interest went up faster for the $30 strike calls, signaling an expectation that the price would really rally this time. The table below shows the rise in open interest on strike calls of 20, 25, and 30 set to expire by May 17 and the price of the contracts. AdvertisementTom Sosnoff, the cofounder of Thinkorswim and Tastytrade, says there's probably a reasonable explanation behind the rise of open interest in GME. As for the rise of open interest on the 30-strike price, he attributes it to the cheapness of those contracts relative to the other strikes rather than a function of price prediction.

Persons: Keith Gill's, Roaring, Gill, Steve Sosnick, Sosnick, GME, Tom Sosnoff, there's, you'd, Sosnoff Organizations: GameStop, Social, Interactive, Traders Locations: GME

☆ A stock trader who's up nearly 200% this year shares the filter that finds high-conviction plays, and explains how he doubles down during earnings season using the same process
▼ + stars: | 2024-05-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

This time, he stuck to the spot market, both day trading and swing trading. AdvertisementHis next filter is stocks trading above $1 to avoid any really volatile penny stocks. All this is done before the stock market opens. He doubles down with this filter by using it during earnings season as well. He determined that $2.48 was a resistance point based on where selling pressure appeared during the previous month's chart.

Persons: James Hatzigiannis, William O'Neill, Hatzigiannis, Mark, Goverdhan Gajjala Organizations: Service, Nike, Business, BI, Photonics Corp, L3Harris Technologies, Rail, Systems Locations: Chicago

☆ A stock trader who consistently beats the S&P 500 and returned 118% in his best year shares how he's investing his money in 2024 — and what ETF he would add to his portfolio if he was a 'set and forge
▼ + stars: | 2024-05-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Courtesy of Erik SmolinskiHe says he has a long position in iShares Russell 2000 ETF (ETF, IWM) and iShares 20+ Year Treasury Bond (ETF, TLT). AdvertisementThe portfolio addition for the hands-off investor: the iShares Russell 2000 ETFSmolinski recognizes that, as an investor, he's "more active than I imagine most people want to be." For the everyday investor who wants to be more hands-off, he recommends buying the iShares Russell 2000 ETF. This investment tracks the Russell 2000 Index, which measures the performance of small caps. That would be the next expression, so: looking at strong sectors, strong sub-sectors, then finding the leading stocks within those strong performing sub-sectors."

Persons: —, Erik Smolinski, he's, Smolinski, He's, Russell Organizations: Service, Business, Marine, Treasury Bond, Nasdaq Locations: California, Norway, iShares Russell

☆ A software consultant who also day trades stocks gained 805% in 2023. He shares a chart indicator he uses to trade volatile small-cap and penny stocks.
▼ + stars: | 2024-02-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

After a few years of attempting to swing trade, Gajjala searched for an approach where he could feel more in control of his trades. For this trade, Gajjala has less time for analysis and needs to execute within the first and second bull flags. The red circle in the chart below demonstrates what a bull flag pullback looks like on a chart. Bull flag pullback chart pattern. By the time he did notice it, it had begun to form the second bull flag pattern.

Persons: Goverdhan Gajjala, Mark Minervini, Gajjala, hadn't, Norman Zadeh, Zadeh Organizations: Business, Nextplay Technologies, Bionomics Ltd

☆ An options trade with a high probability of success into Microsoft's earnings after the bell
▼ + stars: | 2023-10-24 | by ( Nishant Pant | ) www.cnbc.com time to read: +8 min

Setting up the Earning Iron Condor Selling an Iron Condor is an options trading strategy where you simultaneously sell out-of-the-money call spreads and put spreads. Most trading platforms will allow traders to put this trade as one unit by selecting "Sell Iron Condor" as the trade structure. 80% probability of success, as is the nature of high probability trading, the risk is higher than the max profit. (Try an unbalanced Iron Condor) This trade has 80% chance of success based on options probabilities. The put spread has a 90% probability of success and the call spread has the original 80% probability of success.

Persons: MSFT Organizations: Microsoft, Condor, Iron Condor, Traders Locations: MSFT

☆ A high-probability trade on Netflix into earnings used by options traders
▼ + stars: | 2023-10-18 | by ( Nishant Pant | ) www.cnbc.com time to read: +6 min

Let us start by examining the historical price movement in NFLX after the last four earnings events. As traders place their bets on an upcoming event like this, demand for options increases, and the price of options that expire just after earnings is inflated by supply and demand. This is instantly reflected in options pricing on the following day after earnings, and options lose all this inflated juice thereby dropping drastically in value. Trade execution: These post earnings trades are quick. Traders put them on 1 to 2 hours before the market close on the day earnings are about to be announced.

Persons: NFLX Organizations: Netflix, condor, Condor, Traders Locations: NFLX

We asked two successful investors under 30, each with a net worth of over six figures, which apps they use. Tiffany James uses TD Ameritrade's thinkorswim and Imani Porter uses Charles Schwab. Now, she teaches other young Black women to invest their money and grow their net worth as well. According to records reviewed by Insider, her net worth is $199,000 between I-bonds, stock investments, and retirement accounts. When I was really new to investing, Schwab would answer all my questions so patiently!"

Persons: Tiffany James, Ameritrade's thinkorswim, Imani Porter, Charles Schwab, —, James, she's, Porter, thinkorswim Tiffany James, thinkorswim, Read, Schwab Organizations: Service, Ameritrade

☆ The co-founder of Thinkorswim breaks down a bargain-hunting options strategy he says offers the highest probability of profit — although 2 other experts say the unhedged trade isn't for everyone
▼ + stars: | 2023-10-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Tom Sosnoff, the co-founder of Thinkorswim and Tastytrade, is a longtime advocate of options trading. One feature of options is they allow you to trade costly underlying securities with a fraction of the money. Sosnoff says an options trader can get that same exposure for as little as $250. However, Sosnoff prefers a riskier trade that he says is more capital-efficient — one he considers the simplest option strategy with the highest probability of profit. The value of a car — or an option's underlying security, like a stock — could, in theory, go to zero, leaving the investor holding the bag.

Persons: Tom Sosnoff, Thinkorswim, Sosnoff, doesn't, let's, Kris Sidial, John McGinn, McGinn, Sidial Organizations: Netflix, bullish, Investments

☆ A short seller with an over 90% win ratio shares the 4 chart signals that indicate a good stock to short
▼ + stars: | 2023-07-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

These signals are data points that indicate things like share price and trading volume, to name a few. He has a checklist of variables that he looks for before deciding to short a stock. He's also able to shop around for the best locate fee, or a flat per-share fee to borrow shares to short sell. This indicates the price point where many traders purchased shares before the price plunged, leaving them stuck holding the shares. This price point could indicate a resistance line and a possible area to short the stock, he said.

Persons: David Capablanca, TraderSync, David Olivares, Olivares, Capablanca, He's, VWAP David Capablanca, it's, I'm Organizations: Capablanca's, Interactive, Capablanca, Growth Corp, Insider

☆ Best Online Stock Trading Platforms of 2023
▼ + stars: | 2023-02-02 | by ( ) www.wsj.com time to read: +20 min

Luckily, the past few years has seen a profusion of online stock trading platforms. We spent hours comparing more than a dozen stock trading platforms looking for the most intuitive tools, in-depth research and access to guidance and other educational content. We considered all of this when making our picks for the Best Stock Trading Platforms of 2023. How we pickedTo pick Buy Side from WSJ’s best stock trading platforms, we reviewed offerings from more than a dozen companies. Morgan Stanley is the corporate parent of E*Trade, one of the stock trading platforms considered for this story.

Vanguard vs. TD Ameritrade: The biggest differencesCompare Vanguard and TD Ameritrade VanguardTD Ameritrade investment account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightVanguard and TD Ameritrade's features and account options also vary. Most of the brokerage's actively managed mutual funds have a $3,000 minimum, but you'll only need $1,000 for investor shares in Vanguard Target Retirement Funds and the Vanguard Star Fund. Its other automated investing account, Vanguard Personal Advisor Services, offers something more: one-on-one advisor guidance. Vanguard vs. TD Ameritrade — Frequently asked questions (FAQ)What is the difference between Vanguard and TD Ameritrade?

☆ Best Online Stock Trading Platforms of 2022
▼ + stars: | 2022-10-15 | by ( ) www.wsj.com time to read: +15 min

Luckily, the past few years has seen a profusion of online stock trading platforms. We spent hours comparing more than a dozen stock trading platforms looking for the most intuitive tools, in-depth research and access to guidance and other educational content. We considered all of this when making our picks for the Best Stock Trading Platforms of 2022. How we pickedTo pick Buy Side from WSJ’s best stock trading platforms, we reviewed offerings from more than a dozen companies. Morgan Stanley is the corporate parent of E*Trade, one of the stock trading platforms considered for this story.

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