First off Happy Thanksgiving to all my US followers. As you guys know I am always trying to help to give back to the trading community. I am also someone that loves to buy oversold stocks or deals.
Well I did that with my top trading tools that I use. I am offering 25% off all my products with promo code NOIR for my watchlist, book and the training videos as well.
Trade Ideas I use every single morning to find the stocks for my watchlist. Their software is amazing provides profits daily. You can subscribe here through Cyber Monday they are offering 25% off their services with promo code PAPERTURKEY (all caps). I have done a prior post all about their software that you can find here.
If you follow me then you know all the charts that I use are from Tradingview. This time of year is the best savings throughout the year with 40-60% off their subscriptions.
One of the top reasons for me to use Tradingview is because I can set all my charts up on my computer and then I see the same thing on my cell phone.
I am only usually at my desk from 830-1130 am and then I go mobile off my phone and that is thanks to Tradingview. You can read my review here.
Next is the newest of all of these software with brand new proprietary raindrop candlesticks and that is Trendspider.
Trendspider is one of the best out there to help you with your trendlines. There is an algo that will automatically draw the trendlines for you like the photo above. You can read the full review here.
For their Black Friday deal you are able to receive 7 days free and then 40% off your subcription here.
The final one is Timothy Sykes tools. I started out with him and enjoyed the resources and he is having an awesome 46% off sale.
The best way to describe his tools is to show you the breakdown of what is out there.
I love hearing feedback, so please share. You can also contact me on my social media accounts Twitter (@ItsAirplaneJane), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane) or YouTube
This blog is for informational and educational purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.
If you follow me at all for sure you have heard me mention my goto stock scanner Trade Ideas. It is amazing software and when they have their test drives you can use the software for $8.99 for up to 10 trading days now.
In reality not everyone has the capital to spend $100+ for software when they are still learning. Of course having the right tools can help you to make those profits.
I usually think if I have recovered the cost of a tool I use, then it is a worth while tool in my toolbox. Just like a trade what is the return on the investment for that scanner or charting software.
Which brings me to my top 3 favorite free stock Scanners. They all have a basic free version and then a paid service should you choose to upgrade.
Finviz is a great tool for the newbie trader there are alot of Free attributes that are very helpful. Below is a photo of the Home Page. You can see there are two different lists of stocks the left with stocks that have moved up and then the right are the stocks that moved down. There is also a heatmap for the movement of the market.
Below the Indexes charts you also see the advancing versus declining stocks in the market , New Highs and New Lows, Bear versus bull.
You can also use their screener (below) to create your own list and you can see that they have a number of options in the free version
You can see in the chart below that you can be a user of Finviz in two ways as free and then more attributes come available at a $26.95/mo charge.
The best part about the paid service to me is if you want real time prices and custom charting. They unfortunately don’t have level 2, but you can see it all unfold in a real time fashion with ability to customize the layout and scanners more to your liking.
All in all, I like Finviz more for post market scanning of stocks as there is no issue with price delays, because the market it closed. A downside to the free version is that there is no premarket data. So that brings me to MarketChameleon.
To be honest when I am up and need to do my watchlist between the hours of 4-7am, this is my go to resource. I love the fact that the data is available earlier than Trade Ideas.
Premarket Free Screen
Also Market Chameleon was developed by professional floor traders to make their life easier in searching for unsual activity to profit. This is my second favorite Scanner.
You can see in the photo above that Market Chameleon offers screening on more than just stocks they have Stocks, Options by Expiration, Options by Blocks and ETFs.
That is just part of the software you can access for free. You can look at specifically premarket activity, post market activity, Market Movers, 52 week hi/lo, usual stock volume and more.
What I like about the pricing for Market Chameleon is that it is somewhat ala carte. If you want just stocks ok , Or if you want just option details you got it. or the whole package.
The final Stock Screener to add to my free list is Stock Fetcher.
Stockfetcher I find as the most techy stock scanner out there. Trade Ideas allows you to simple check boxes to create a scan while StockFetcher somewhat forces you to write the filters out for each step.
Once you have a scanner that you like you can save it and run it over and over each day. It is easy to create you scanner as they have 125 different indicators to customize your alert.
The bare bones Stock Fetcher is also priced as a scanner with less bells and whistles. However for the price you definitely get a great value. $9 a month for being able to scan gap stocks on higher than normal value is a great tool.
I’m not sure as to what time the data becomes available for the premarket scanning as I usually use Market Chameleon before 7 am and after 7 am Trade Ideas
Choose your Stock Screener based on Profits
Being a trader you need to find tools that you trust and will generate income for you. Make sure that if you test out a new tool there is a profitable return on your investment.
As a trader you are a bit of an entrepreneur and you need to make sure all expenses are warranted and will provide you positive returns. So definitely compare what is out there and when someone has a free trial or something that is less than $10 ( the cost of 2 Starbucks )
I love hearing feedback, so please share. You can also contact me on my social media accounts Twitter (@ItsAirplaneJane), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane) or YouTube
The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. You can receive 5% off with Promo code CARPEPROFIT15 all caps when you sign up here for your first year or month
Trade Ideas will be offering the quarterly full access test drive of their software their software in Nov 2019 for the cost of data fees $9.
Another amazing software is Trendspider that has a new innovative rain drop candlestick that shows the volume for the morning session and afternoon session as far as the weight of it in price action. You can try them for free for 7 days here and receive 20% off with MTS20
This blog is for informational and educational purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.
We are in a very exciting time in the market when the cost to enter the market is dropping daily. In the past month we have seen all brokers drop their securities commissions fees down to zero except for Vanguard.
So no commissions means it is easy to practice trading with real money. You could buy 1 share or 10 shares depending on the value of the stock and really practice your entry and ext to determine your best strategy to keep risk to a minimum.
You could try trading the super low float, high volatility and high momentum stocks . You could try trading the blue chip stocks that have high daily range as well. It is the perfect time to practice with small money after you have learned basic knowledge of how to trade.
I am not recommending you to trade with zero knowledge about trading, as that is very important first.
You might say yes Jane I want to get into trading, but I have no money to trade with right now. This is something that I hear from people quite often.
In fact I know of a flight attendant and she wanted a better life for her family so turned to trading. However capital was a barrier.
If this is you then Prop Trading Firms might be your answer. However I only found one virtual prop firm for Stocks the rest are for Futures and Forex.
Prop Trading Firms
You might be wondering what on earth a prop trading firm or proprietary trading firm is and how can this help you.
Well a prop firm or proprietary trading firm is a firm that allows individuals to trade the firm money for profits for the firm and the individual trading the money.
There are always certain rules imposed such as the breakdown of the profits firm to trader, the maximum amount of drawdown or losses before the firm will cut you off, and certain education requirements
To be honest this is the only virutal prop stock firm that I could find. There are many 4 wall office prop firms, but you have to go in person. Tradenet hosts everything virutally allowing you the flexibility to prosper.
Tradenet can give you the opportunity to learn how to day trade, and potentially enjoy extra income. Learning how to day trade the markets, taught by our top moderators, Meir Barak and Scott Malatesta.
Since 2004, Tradenet live day trading academy has educated more than 30,000 professional traders worldwide.
They also offer a free 5 day demo account with 14K to trade to test out their methods.
If you find that you are interested in working with them they have 4 different programs that you can choose from in your desire of education in order to receive funding to trade
Intro Program after training has been passed then you are eligible to apply to trade a $14,000 funded trading account. You will receive 70% of the net profits you generate and will have a maximum drawdown of $700.
Student Program after training has been passed then you are eligible to apply to trade a $80,000 account. You get the account with a maximum drawdown of $4,000 and will receive 75% of the net profits.
Expert Program after training has been passed then you are eligible to apply for a $160,000 funded trading account. You receive 80% of the net profits with a maximum drawdown of $8,000.
Pro Program after training has been passed then you are eligible to apply for a $240,000 funded trading account. You will receive 85% of the net profits that you generate with a drawdown of $12,000.
Tradenet also has a virtual trading room live on Youtube during NYSE trading hours. As well as a free book by Meir Barak all about trading after 20 years of experience.
Meir’s Book is The Market Whisperer. You have two choices you can sign up to get a digital copy free or purchase from Amazon.
For now Tradenet is the only Stock Prop Trading Firm that I have seen virtually. All the others for stocks are a physical locations where you have to go into an office to work.
If you trade Futures or Forex them these firms below might interest you as well with their fees being low to enter to receive access to funds from $95/mo for $25,000 access up to $500/mo for $250,000 of funding.
One Up Trader is a funded trading account for traders that are interested in trading Futures securities instruments.
The way to open up an account is to go through One Up Trader’s 1 step assessment and then you will be able to sign up for a free trial of a $100,000 funded account for 14 days. Then you have the choice of the level of funding you want based on a monthly cost.
There are 4 options of Novice, Beginner, Advanced, Professional and Expert.
You have the choice of profit split between you and One Up Trader receiving 50%/50% or 80%/20%. I searched to see if they clarify who gets the 80% and I believe that it is 80% to the company and 20% to you, but I could be wrong.
The amount of funding for each of the different accounts is Novice $25,000, Beginner $50,000, Advanced $100,000, Professional $150,000, and Expert is $250,000.
One Up Trader’s fees are monthly based on your choice of profit split Novice ($95/$125), Beginner ($120/$150), Advanced ($240/$300), Professional ($300/$350) or Expert ($500/$650).
One Up Trader’s Trading guidelines are fairly simple, 15 trading days a month not including weekends, only the permitted products, you must be closed out by 3:15 CST, Maximum Position Sizing based on the account you choose, to reach your profit target, daily loss limit (if met shuts down trading for that day), not to hit your trailing drawdown, showing consistency in your trading.
I did look into if this is only available to certain countries and their website says if your country or city is not accessible on their sign up page then it is not available to you. It seemed to me that most countries are available.
The Top Step Trader Program Is for Futures only. Like One Up Trader you have to go through an evaluation to receive the ability to be funded.
Top Step Trader allows you to prove yourself in a simulated trading account with profits and risk management and then you have the ability to choose your funded account.
Now just like One Up Trader, Top Step Trader has their own parameters or rules that you must follow to remain being funded.
The Rules are fairly straight forward. You can only trade during permitted times, you can’t exceed the daily or weekly loss limit, you are not allowed to exceed the trailing maximum Drawdown, you can’t hold positions into major economic releases and you have to follow the scaling plan.
The final prop firm that I found that is good for Futures and or Forex Traders is Earn2Trade. Much like the other prop firms mentioned above you do have to go through a qualification process to be able to trade with their capital.
Earn2Trade is similar to Tradenet, in that they offer you 3 different training programs to reach your funding account.
The Crash Course consists of 60- 10 minute videos to help educate you on the market, risk management and technical trading. The cost for the Crash Course is $249 for lifetime access.
The curiculum is set up to run you over the course of 6 weeks. I’m not sure if you have the ability to do them more quickly
The Bootcamp is a 4-6 month long course with a price tag of $2499. What the biggest difference is with the Bootcamp is a personal mentor that is a licensed professional.
The Bootcamp is a 360 view of trading including Earn2Trade , Crash Course and then 4 more months of mentorship and the Gauntlet. Once you have completed the Gauntlet successfully you will receive a funded account offer.
The training program is actually a 2 part. They have the mini-Gauntlet and The Gauntlet. The Gauntlet is a 60 day program and the Mini Gauntlet can be done in as litte as 15 days.
The Gauntlet is a one time fee of $249.00 for $25,000 and The mini Gauntlet fees are monthly similar to One Up and Top Step Trader.
So you can see that the Mini Gauntlet is the newest addition but the monthly fees could really add up if you are trading more than the $25,000 capital amount.
Potentially with patience you could spend the $249 and then grow it up and it is a one time fee instead of monthly cost. I’m not sure if they would let you transfer from the mini-Gauntlet to the Gauntlet after a 60 day time frame.
I love hearing feedback, so please share. You can also contact me on my social media accounts Twitter (@ItsAirplaneJane), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane) or YouTube
The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. You can receive 5% off with Promo code CARPEPROFIT15 all caps when you sign up here for your first year or month
Trade Ideas will be offering the quarterly full access test drive of their software their software in Nov 2019 for the cost of data fees $9.
Another amazing software is Trendspider that has a new innovative rain drop candlestick that shows the volume for the morning session and afternoon session as far as the weight of it in price action. You can try them for free for 7 days here and receive 20% off with MTS20
This blog is for informational and educational purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.
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