In this video, we’re going answer some questions about the stock market, how to scan and evaluate stocks, I’ll walk you through what a typical trading day looks like for me, and also I’ll share some insights about what computer and equipment I use for trading.
What computer do I use for trading?
When it comes to choosing a computer for trading stocks, personally, I prefer Desktops over laptops. And PC instead of Apple computers, this is simply because I think PC is more user-friendly when it comes to trading. Also, having a backup computer is very important, so that you can keep trading in case something goes wrong with your primary one. If you only have one computer, and it breaks, you are going to be in big trouble, because you won’t be able to trade.
My trading day
I’ll show you what a typical trading day looks for me. The truth is that you don’t need to spend huge amounts of time trading all day long. The act of trading is just getting in and out of positions, but being patient is what allows you to make money. You don’t make money by executing more frequently, you make money by doing the right trades at the right time, so keep it simple and be patient. Also, you don’t need to trade too many positions to make money. Three to five positions is all you really need, no matter how big your account is.
Trading in a bearish market
Professional traders, including me, love bearish markets. Because during bear markets usually, the VIX is high, which means there is volatility in the market. With volatility, you get price movement, and the more movement you have, the more money you can make.
In this video, I’m also going to show you my formula for entering stocks, which is based on price, volume, and behavior. I’m going to talk about why you shouldn’t trade earnings. And we’re going to evaluate some stock charts, such as NovaGold Resources, Amazon, and Ameritrade.
#stockmarket #tradingday #scanningcomputers #stocksquestions #scanningstocks
Posted at: https://tradersfly.com/blog/ep-122-my-trading-day-scanning-stocks-computer/
? GET MY FREEBIES
? SUBMIT A VOICE QUESTION
? START HERE: FOR NEW TRADERS
? START HERE: OPTION TRADERS
? MY CHARTING TOOLS + BROKERS
https://tradersfly.com/go/tools/
? MY COMPUTER EQUIPMENT
? GET THE NEWSLETTER
? SEE OUR MEMBERSHIP PLANS
https://tradersfly.com/go/members/
? STOCK TRADING COURSES
https://tradersfly.com/go/courses/
? STOCK TRADING BOOKS:
https://tradersfly.com/go/books/
⚽ GET PRIVATE COACHING
? WEBSITES:
? SOCIAL MEDIA:
https://tradersfly.com/go/twitter/
https://tradersfly.com/go/facebook/
⚡ SUBSCRIBE TO OUR YOUTUBE CHANNEL
https://tradersfly.com/go/sub/
? MY YOUTUBE CHANNELS:
TradersFly: https://backstageincome.com/go/youtube-tradersfly/
BackstageIncome: https://backstageincome.com/go/youtube-bsi/
? 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 big mistakes and just to 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!
source
Hello Sasha!
Awesome video as usual. What tools do you use for fundamental data scanning/filtering?
Thank you!
Could you please elaborate on "Checking Future contracts"?
You mentioned S&P, do you mean you check SPX or do you check other things?
What I'm trying to understand in general is how you get perspective for stock market from other markets. I hear for instance bond yield is getting higher so that can influence stock market and so on..
I highly appreciate if you can make a video and explain in a simple way some of the things that can affect the stock market, like Futures, Bonds, Commodities, interest rate, US dollar strength, etc
How and where to check them and how important they are!
Thanks a lot Sasha
Hi) I didn't found dependency volume grows and stock grows(((
This was a great video.
You mentioned an options trader that is running a blog, can you link to it? I can't seem to find the part in the video where you said it 🙁
Gosh I love you, please go on live TV with the Trump-dollar info !
Hey Sasha great video and information.
You said having 3-4 positions is enough and I agree. However, I assume you don't have all your money invested in those positions. If so, what do you personally do with the rest of your money? Are you passively investing in other investments such as index funds, bonds, or non-security products such as real estate?
very good presentation thnk you
3 positions for a million $ account? LOL!! Come on, you need a lot of NON-CORRELATED positions. Right now I have s$p futures, soybeans, oil, mexico, short a few companies who are dying, gold, vix, financials. You need a LOT more
Hi Sasha, do you find that it is better to trade pullbacks or breakouts?
Also why are some bars filled in colour and some empty of colour?
Sasha, is your scanning video on youtube anywhere?
I have a couple video ideas for you. first, please do a video on keeping track of trades using Excel. maybe not so much as a blog style like Evernote but like keeping track of percentage gains and more specifically numbers and personal financials.
and also a video on your process of looking into companies and checking their financials would be really helpful. things like how to read an earnings report and checking how they're doing in general would be a very very helpful video.
sorry if you have already done one of these ideas, I wasn't able to find either with simple keywords.
Very goog video! Im getting better at every weeks I trades. This confirmed a lot of things that I was not sure if it was ok to focus on. Thank you!
Sasha thank you so much for this great video. I hope you get over that cold too.
Kudos
Got tied up and missed this the other day. Very good video!
I'm 20 years old, I've been saving $1,500 USD a month. How much is a good amount to start with? Would it be safe, say to put $1,000 of it in my portfolio a month?
Hey everyone. I made an app that makes it easy to listen to earnings calls. I documented the creation of the app on my YouTube. You can check out the app in the description of my videos. Would love any feedback you have to offer. Come say hi!
found it very interesting and helpful.. thanks a lot for sharing
I think Sasha provides a lot of valuable insights on trading, and It was nice webcast.
However I really think that OP computer part list makes no sense at all. Spending $200-$300 on gaming computer case is idiotic, especially for beginner traders. Have you ever been to any commercial places (stores, banks, hospitals) and looked at their computers? They all have one thing in common- simple enclosures! Beginner stock trader should look at $40+ or around computer cases. Invest remaining money to better processor, memory, video card or motherboard, or all these parts combined. I am really surprised that 7 part video seminar made things even less clear than without watching it. I think OP should have made one video on the subject. In my opinion beginner should worry about funds to start trading and preserving capital rather than splashing capital from day one. Start with whatever you have- it can be the slowest laptop, tablet or even smartphone. Once you learn things and start making money then, gradually upgrade. It would be idiotic to buy $4k computer when all you make is $100 or so total. i3-i5-i7 is fine, don't skimp out too much on motherboard, chose whatever can compliment your processor. AMD processors are no match for Intel- they are quite outdated, and runs hotter, slower. Unless you are on really tight budget, I would avoid them. I would also not agree about 6 or more monitor setup. You will ran out of eyes and get distracted too soon with more than 4 monitors. In fact you can do away with just one big monitor. 2 monitors are probably max that you need. Workstation video card, 8-16-32 GB of memory, SSD, and regular hard drive or if budget allows- bigger ssd.
Sasha do people know what earning for company is gonna be before hand?
Thanks for sharing again. !