Ep 156: Stock Trading Webinar Q+A (Oct 2017)

Posted at: http://tradersfly.com/2017/10/ep-156-webinar-qa/

★ SUMMARY ★
In today’s live webinar class, I’m going to answer some of your questions in as much detail as possible, honestly and coming from all my trading experience and what I’ve done over the years.

Some of the questions we’ll answer are:

How easy or difficult is it to earn $1000 dollars trading stocks as a newbie with $2000 to invest?

This, of course, depends on your own personal strategies and risk levels, but generally speaking, it is really hard to make that amount of money with only $2000 investment, because it would mean a 50% return on your investment, which is huge and not something that most people are able to do.

What do you think about the Robin hood trading platform?

This is a very popular cell phone trading platform, because it allows you to trade stocks for free, without broker fees. However, there are some issues when it comes to this trading platform. First, I don’t like trading on a cellphone, another issues is that it doesn’t allows you to short any stocks, you can’t hedge either, and generally their fill rates are not the best, because they need to make money some way, so they pump up the fill rates, in order to make money on their back end.

What is back testing?

Back testing is looking at the history of the market, and seeing how a specific strategy would have worked at a specific point in the past, when it comes to your results, and that way find out if that strategy would have worked or wouldn’t have worked.

In this video, we are also going to look at overall market conditions. We’ll analyze some stocks, evaluate them and see how they’re doing, do some technical analysis on them, and we’ll look for patterns and trend lines in the charts.

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TradeKing: http://bit.ly/gettradeking
TradeStation: http://bit.ly/getstation

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★ ABOUT TRADERSFLY ★
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.

Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.

Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!

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