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
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