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.
When you are getting set up with trading being able to set your charts up how you want is very important. As a pilot, I know how important it is to be able to trust your tools.
For trading your most crucial tools are your stock scanner, charting software and broker.
For me as a mom of 2, I tend to be at my desk in the morning for my premarket prep, market open and until around 11am. Then it is time for adding balance into life with the gym, and mom duties.
You can see that Tradingview does have very affordable rates for charting. There are other free charting softwares out there, but the additional attributes offered with Tradingview make it my #1 charting option.
Stock Market Data Feeds
Tradingview is a great charting software for traders of crypto, forex and stock markets around the world. The data feed is monthly add on ala carte.
Meaning you can add only what you need and you don’t pay for what you don’t use. I really like that feature.
For the North American Markets you have your choice of ARCA, NYSE, Nasdaq, CBOE, OTC, Futures (CME Globex, CBOT, NYMEX, CBOE, ICEUSA) , Canadian (CSE, TSX).
For European Markets you have the choice of BELEX, BIST, BME, EUREX, Euronext, FWB, GPW, ICEEUR, LSE, LSIN, MIL, MOEX, OMX, OSE, SIX, SWB.
For Middle East and African Markets you have the choice of BSE, DFM, EGX, JSE, NSE, QSE, TASE, Tadawul.
For the Mexican and South American Exchanges you have a choice of B3, BMV, BVC, BVL, BYMA and SSE.
That brings us to the Asian and Pacific Markets offered of ASX, BSE, FTST, HKFE, HOSE, HSI, IDX, KRX, MYX, NSE, NZX, OSE, SEHK, SET, SGX, SZSE, TFEX, TOCOM, TSW and TWSE.
So you can see that you definitely have you choice of markets around the world you can trade with this software. The next feature is my absolute favorite.
As I mentioned above, I am usually away from desk as of noon as the markets tend to be more run by algos and less retail traders and more high frequency manipulation.
That is why I love having the Tradingview App at my fingertips to keep a pulse on the markets. I can set everything up at my desk in the morning and it transfers right to the charts on my phone.
I have not found another charting software that presents the same view of charts on desktop as with mobile. This app is also available as a free customer.
Basically I set up my watchlist, alerts and charts with targets before I leave my desk so that I will receive notifications. I have also tried other broker software for alerts, but non have sent notifications to my phone.
I can be working out on the treadmill and receive the alert on my headphones and its time to take partial profit as the target has been hit. Love the apps.
Chart Indicators
I also have yet to find another charting software that offers over 100 of the most popular indicators and allows you to also write your own script for custom signals. There are over 8000 of the community powered indicators.
The Free version will unfortunately only allow 3 indicators at a time, while any of the paid versions will allow you to have 5,10,25 indicators based on your subscription level.
Chart Alerts
This as I mentioned is amazing with Tradingview. You can set alerts based on price when a certain condition is met and then once your criteria is fulfilled you can receive an sound alert on your computer, email and even a notification on your phone.
The alerts are great as well because you have the software watching your stocks while you are on one chart and then a pop up will alert you when conditions are met.
Watchlists
The free version will allow you to have 1 enhanced watchlist and with the paid versions unlimited numbers of lists. This is great if you like to watch stocks in indexes, a sector, swing trades or day trades.
Not only setting up your own watchlist but Tradingview offers you hotlists of top movers and more. It doesn’t stop here.
Stock Screener
Tradingview will also offer you a complimentary screener. Not only can you use this screener for stocks but also for crypto and forex. For the free version you are limited to Daily, Weekly and Monthly timeframes. All of the paid versions have the ability to scan on all timeframes.
What is better than being able to share all these ideas.
Social Network Sharing
You have the ability to publich private or public ideas. You can share viewo ideas, two of the plans offer custom chats.
To me it came down to only 2 negatives with the software.
The paper trading could be improved. Right now the software only offers the capacity to paper trade stocks and with simple buy and sell limit or market orders.
It would be great if you could put in trailing stops and stop limits as well on the paper aspect. I would also love to see if they add options paper trading as well.
The second negative is that the brokers that they link with are not your usual trading brokers. I know that they are looking to set up many of the popular brokers such as Interactive Brokers coming in 2020.
Overall you can see that TradingView has some amazing features at a very affordable cost. Bottom line with any tool that you use in trading is if you are able to cover you costs by profitable trades using the software it warrants the use of that software,
If you want to learn more check it out and sign up for your free account.
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.
Just like a Pilot has to trust their instruments when flying in bad weather, a Day Trader must be able to trust their tools. If you talk to any traders you will find out they all agree that there is not one platform or service that provides everything they want in one location
The Top 5 tools for me include a reliable Level 2, a reliable stock scanner, a reliable charting software, reliable community of traders and a reliable trading site.
Reading Level 2 for profits
Having an in depth level 2 market data is in my opinion very important. Without being able to see where the big orders are on the book you are trading blind. Being able to see a buyer or seller refresh their bid to get their bigger order is very important. Understanding where the strength lies on the volume is very important.
There isn’t always one provider that will give you everything you want. For my level 2 market data I use two different sources. Think or Swim and Schwab Street Smart Edge.
Why do I like Think or Swim? I love that I can see GSCO or Goldman Sachs to see where they lie on the books. Many times I use their bids or offers as targets as they have a great deal of capital and can help to move the market. I will track their initial bid and offer 15 min after open. If they move their offer up there is a chance that the price will continue past their first offer, but it still remains a target.
The second one I use is Schwab Street Smart Edge that shows bigger orders and the refreshing of orders on bids and offers more easily as well as a time and sale box that shows when a sale goes through the ADF or Alternative Display Facility.
I love being able to offer people free alternatives but I haven’ been able to find a free real time level 2 quotes online.
Best Stock Scanners
I know you are thinking more than one scanner what Jane you must be crazy. No I don’t know of any more than one because I do have a free stock scanner to offer to you on this one. First we will start off with the best stock scanner.
Trade Ideas is an amazing software that has been evolving since 2002 and with 17 years of tweaking and feedback from their customers and outside users it is an amazing software. You have the ability choose to use the scanning and alerting by itself. You have the ability take the premium version to back test you strategies and use their Artificial Intelligence Holly to generate ideas for you. You have the ability take it one step further and automate your trading directly with certain brokers. A software built by traders for traders. They also offer a free trading room and a free web version of the product with delayed data.
The Second top scanner that I am happy to enlighten new traders about is Finviz.com They have a free version and a paid version. The paid version obviously gives you more abilities, but the free version is amazing and great for end of day scanning. They also offer an amazing map of the market sentiment by sector.
Stock Charting Software
For Charting there are a couple options that I really love. The best charting software to me is Tradingview.com. One of the main reasons why I love this software is because it is so easy to use on a mobile device. I set everything up on my laptop. I set levels to watch alerts and then when I’m at the gym getting in a workout I receive my alerts and can see the same charts. Some platforms especially brokers offer different views on the desktop versus the mobile device.
My second favorite charting software is Trendspider that has the first ever that I know of rain drop candles. Truly only second because they are a new company and don’t have their app up yet. Since I’m a big follower of volume they use the data feed to create these candles which help to show where the volume flow was during that candle. Best way to describe it is to show you an image Worth 1000 words right!
Also the ability to have multiple time frame analysis on one chart. Where you can use a 5 min chart to trade but see the daily averages as a dashed line to know where the price action might stop.
The final feature of Trendspider that is great for newbies is the algo that will draw trend lines for you, to help you shorten the trendline learning curve.
There are actually a couple of free charting platforms. Tradingview.com also has a free version which like finviz.com is great when the market is closed. There is also Bigcharts.com which has a premium upgrade to it and StockCharts.com
Day Trading Community
There have been two very positive and supportive trading rooms that I don’t know of any really found to be my home. One of which is you bet free. It is so important as a day trader to be in a community of supportive people as you will make mistakes and when others support you and allow you to get better we all win. That mentality really hit home in the Java Pit Trading Room.
I clicked with Stefanie Kammerman and now we are working together in the Training Pit to which would be similar to trading 101 in trading university. A place for beginner traders to come and learn the proper foundations of trading. Software execution, Charting, and more tips.
The other trading room that is great for people just wanting to get a taste of the stock trading world is hosted by Trade Ideas. Where you can see their software for free ad Barrie the moderator will keep people in check.
Many times I hear people talk about stock chat rooms, but the day trading chat rooms that I don’t know of any been have been more about chatting than trading and unfortuntately not a supportive atmosphere. Bottom line is you will find the room and style that meshes with you. I prefer up beat positive people that yes are human and make errors and take small losses in trading.
Your Trading Platform
It is very important to have a platform that you like. There are many out there depending on where you live. For me as an expat in Canada I only have a handful. I use Interactive brokers remotely on my phone, but find their platform not the easiest. I love the mobile version of Think or Swim.
A great resource for finding Top Online Stock Brokers is the Benzinga updated list. Where they review the brokers annually and change them as the latest and best become available.
I don’t know of any heard horror stories from some Americans that are day trading with Robinhood. It is somewhat true to say that you get what you pay for. So make sure that you go with a reputable broker that will not kill your capital with fees.
Arsenal of Tools in Trading
When someone asks me what I use, I always think of my instrument flying experience and trusting my instruments. I need to know that I can rely on all the items I mentioned above. To be honest if one faulters it can distract me from the job of trading. When that happens. I wait until everything is fixed and watch for the next setup. This I just realized does not include my desk setup of hardware it is all software for trading.
I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you would like to be in Training Pit with me sign up here or if you want one on one training you can email me jane@thedarkpools.com You can contact me here or 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.
Having the latest and greatest news you can see is quite a lucrative business for the services above, but wouldn’t you like to be able to trade with an advantage before the news came out.
Another way to catch a glimpse of what might happen is to track what the insiders are doing.
Most of us do not have the ability to get the insider information, but the insiders of the company do have it and when they place a trade they have to report their trade to the SEC.
The insiders must fill out a Form 4 for when buying or selling stock or options. You can easily check if there is a form filed on a stock here
Many times the form 4 buying will signify a big move to the upside coming potentially, but an insider could sell for any reason.
They could sell because they want a new house, they need to pay for their child’s education, they want to transfer money to another investment, or potentially a divorce settlement.
So you never really know why behind a sell, but a buy tends to be stronger than a form 4 sell.
Wouldn’t you want to know before these forms pop up 3 days after the transaction. You can see these transacions in the darkpool.
The Dark pool was established back in the 1980’s. It was established for people that have those massive orders to get better fills and better commissions.
When you are trading 1 mill shares you can get a discount on the fees and the best fills. Another reason to use the darkpool is to keep that order out of the public eye.
They do have to report those trades, but they have up to three hours after the trade is complete to report these trades. This where you can learn about the prints before the news and before the form 4s are reported.
This is where you truly get an edge before the news and the insider reportings.
I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you would like to be in Training Pit with me sign up here or if you want one on one training you can email me jane@thedarkpools.com You can contact me here or 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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