Trading with stocks

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The Best Online Stock Trading Sites for Beginners 2020

Modified date: April 2, 2020

Table of Contents:

Our Selection Methodology

In determining the best online stock trading sites, we looked at 10 popular investment brokerages. We narrowed the list down to the five that provide the broadest range of services, as well as the most attractive pricing. After all, this is a list of stock trading sites, so fees matter.

Overall, we used the following criteria to determine the best online stock trading sites:

  • Evaluations and ratings from major financial publications
  • Platform pricing
  • Range of investment options
  • Quality of trading platform
  • Availability of trading tools and educational resources
  • Areas of broker specialization

Each of the five stock trading sites on this list excel in each of these categories. It came down to relative levels of strength in each, as well as exemplary performance in one or more areas.

Top 5 Best Online Stock Trading Sites

1. You Invest by J.P. Morgan

You Invest by J.P. Morgan recently moved to the top of our list because in February, the brand went fee free on stock trades. With the power of the Chase brand behind them, they’re ultra reliable and the up-front cash bonus they offer isn’t bad either.

All customers will be able to make trades for the low low cost of $0 from their Chase Mobile App (or desktop application if they so choose). This includes stocks, options and ETF’s.

The cash bonuses when opening a new You Invest by J.P. Morgan account are as follows:

  • $200 cash bonus when depositing at least $25,000
  • $300 cash bonus when depositing at least $100,000
  • $625 cash bonus when depositing at least $250,000

There are currently three different types of accounts that can be opened with You Invest by J.P. Morgan; Brokerage, Traditional IRA or Roth IRA.

2. TD Ameritrade

TD Ameritrade might just have the best overall trading platform in the industry. It also has more than 360 branch locations in major metropolitan areas around the country.

TD Ameritrade is particularly strong with their trading platform. They offer overnight trading, on a “24/5” basis – trading 24 hours a day, five days per week. Their “thinkorswim” feature provides professional level trading technology, streaming real-time data, customizable charts and integrated one-click trading. They also offer Advanced Trading, investor education tools, and Technical Analysis (with more than 400 technical studies).

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But perhaps most interesting is the TD Ameritrade paperMoney tool. It’s a virtual trading account that lets you test trading strategies before going live. It gives you two accounts, a virtual margin account in a virtual IRA, each with $100,000. It’s perfect either for a beginner or an advanced trader to test various investment strategies without the possibility of losing money in the process.

TD Ameritrade is simply one of the least expensive of the investment brokerage range, with a fee of $0 per trade for stocks and ETF’s, and $0 per trade for options, plus $0.65 per contract. There’s free trading of load mutual funds, and $49.99 per trade for no-load funds.

Advertising disclosure – DoughRoller.net is partnered with TD Ameritrade and we may receive compensation from them depending on your action. All opinions are ours and not influenced by any advertiser.

3. E*TRADE

E*TRADE is another investment broker that’s coming up fast. E*TRADE made a deep plunge into options trading with the 2020 acquisition of OptionsHouse, a platform that specialized in that investment niche. In fact, E*TRADE has largely kept the OptionsHouse platform intact, while adding its own specific services to the mix.

Much like other investment brokerage firms on this list, you can hold the widest variety of investments through E*TRADE. And while options are their strong suit, they’re also a major force with funds, offering more than 9,000 mutual funds, including more than 4,400 no-load funds with no transaction fees. They also offer a wide variety of target date mutual funds.

With fees, E*TRADE is about the best you can do when compared to the major investment brokerages. They charge $0 per trade for stocks and ETF’s, and $19.99 per trade for mutual funds. For options, they charge the base fee of $0 per trade, plus $0.65 per contract.

Customer service is available on a 24/7 basis, by phone, email and live chat. They also have more than 30 local branches in major metropolitan areas around the country.

The trading platform is one of the best in the industry, particularly in regard to options trading:

Related : Read E*TRADE Full Review

4. Charles Schwab

Charles Schwab virtually invented the discount investment brokerage concept back in the 1970s. But they steadily added services to the point where they are a full-service broker, while still providing discount prices.

Charles Schwab offers everything Fidelity does, and is an even larger firm based on assets under management. But we gave Fidelity the nod due to their stronger position in mutual funds.

But Schwab has plenty of strengths of their own. Their training tools and broker support are second to none in the industry. Their fees are comparable to Fidelity’s, and so is their investment selection.

If you’re a trader, and especially a new trader, they offer some of the best educational and training resources on the web. They also offer the full range of investment products, including stocks, bonds, options, mutual funds and ETF’s. At $4.95 per trade, their commissions are at the low end of the investment broker range. They are however high on mutual fund commissions, at $76 per trade.

But one of the factors making Schwab one of the top firms in the industry is their robo-advisor platform. These days, virtually every major brokerage has one. But what makes their Schwab Intelligent Portfolios robo-advisor stand out is that it’s offered at no fee. The service invests your money in up to 20 different asset classes, including commodities and real estate. It’s a perfect option for a new trader who may want to keep some of his or her money in a professionally managed account, while breaking into self-directed trading at the same time. That’s a big advantage for any investor, but particularly a new investor. And even though we’re primarily evaluating stock trading sites based on actual trading features, it’s always a plus to have a good managed option as well. And one that’s free is even better!

But one area of particular benefit to new traders is customer service. Schwab has it available on a 24/7 basis, and it consistently gets high ratings from major financial media outlets. For example, in 2020, Charles Schwab was rated #1 in customer service by investor’s Business Daily.

They offer a wealth of investment tools, including Schwab Proprietary Research, which provides access to stock ratings, fundamental research, custom screeners, and much more:

5. Fidelity

We’d like to say this was an easy choice, but it was anything but. It’s a matter of choosing between five very good investment brokerages, and Fidelity won the top spot by no more than a nose.

Fidelity is one of the world’s largest investment brokerage firms, with nearly $2.5 trillion in assets under management. The company started out as a mutual fund family, which is still one of its specializations. But it branched out into general brokerage services, and we feel it’s become the best in the business.

The platform offers something for every investor. You can trade virtually any type of investment, but perhaps what Fidelity is best known for is funds, particularly their own Fidelity Funds. They have some of the best known and established mutual funds in the industry, including the $100 billion-plus Fidelity Contra Fund. And in addition to the Fidelity Funds, they offer thousands more from other fund families.

With the popularity of fund investing–and the fact that Fidelity is the second largest fund provider (after Vanguard)–gives them the nod over the competition.

They also offer all those investment options with trading fees that are at the lower end of the entire industry. Their basic trading fees for stocks, options and ETF’s are at the lower end of the investment brokerage fee range, at $4.95 per trade. Mutual fund commissions are $49.95 per trade, but they offer hundreds of funds commission-free.

Their Active Trader Pro trading platform is one of the best in the industry, and they provide abundant trading tools and educational resources. Fidelity also provides specific tools for mutual fund investors. The Search and Screen by Fund Family tool provides an entire list of all funds available, broken down by fund family. It lists fund performance for one, three, five and 10 years, as well as expense ratios and MorningStar ratings:

Fidelity also enables you to choose funds by specific sector, and provides a list of the highest (four and five star) funds, as rated by MorningStar.

They offer 24/7 customer service, as well as more than 140 brick and mortar branches around the country, a rarity in what is increasingly an online broker universe. As well, Fidelity consistently rates highly among popular financial publications, like Barron’s, Kiplinger, and Investor’s Business Daily.

Best Online Trading Websites For

Every one of the five brokerage firms on this list is one of the best in the industry, and worthy of investigation, or even as the destination for your investment portfolio. Each is good on multiple fronts. But we’ve identified specific categories where each stands out above the rest.

Here are the categories in which we believe each broker is very likely the best in the industry:

  • Active traders: Ally Invest
  • Best trading platform: TD Ameritrade
  • Options trading: E*TRADE
  • Stocks AND funds: Fidelity
  • New traders: Charles Schwab

Factors to Consider

There are a lot of good investment brokerage firms available, including every company on this list. But no matter what you hear about a particular platform, the most important consideration is working with one that best suits your needs as an investor.

Some factors to consider:

  • If you primarily invest in funds, selecting an investment broker with a wide selection of funds will be more important than choosing the broker who has the lowest trading fees.
  • Similarly, if you’re mostly a buy-and-hold investor, specific investment analysis tools may be more important to you than choosing the broker with the lowest fees.
  • If you’re a new investor, you might want to go with a firm that offers a combination of strong educational and training tools, excellent customer service, and a virtual trading account that will allow you to learn the ropes without using real money.
  • If you’re an active trader, commission fees will be very important, since they will affect the net return on your trading activities. As well, you’ll need a trading platform that will facilitate high-frequency trading.
  • For options traders, look closely at the features and tools available at a brokerage specifically for options trading. A platform that’s considered best-in-class based on individual stocks, funds or even low fees may not be your best choice.

Final thoughts on the Best Online Trading Sites

Though we’ve specifically designed this article to discuss the best online trading sites, any of the five would also be suitable for just about any other investment related purpose. Use this list as a starting point for your search.

And no matter how much you may hear that Broker X is the “best”, whether it’s from friends, the financial media, or the Internet, always remember that’s a general assumption, based on the “average investor”. The best online trading sites are the best online trading sites for you. Make sure the one you choose is right for you. You’ll be investing your hard earned money through the broker, and you’ll want to do that with a platform that will optimize your returns.

10 Great Ways to Learn Stock Trading in 2020

Posted by Blain Reinkensmeyer | Last updated on Mar 12th, 2020 | Published Mar 29th, 2020

March 2020 Update : Join me on Twitter, @InvestorBlain!

Beginners taking their first steps towards learning the basics of stock trading should have access to multiple sources of quality education. Just like riding a bike, trial and error, coupled with the ability to keep pressing forth, will eventually lead to success.

One great advantage of stock trading lies in the fact that the game itself lasts a lifetime. Investors have years to develop and hone their skills. Strategies used twenty years ago are still utilized today. The game is always in full force.

When I made my first stock trade and purchased shares of stock, I was only 14 years old. Over 1,000 stock trades later, I am now 33 years old and still learning new lessons.

What is Stock Trading?

First things first, let’s quickly define stock trading. Stock trading is buying and selling shares of publicly traded companies. Popular stocks most Americans know include Apple (AAPL), Facebook (FB), Disney (DIS), Microsoft (MSFT), Amazon (AMZN), Google (GOOGL), Netflix (NFLX), and more recently listed companies such as Uber (UBER) and Pinterest (PINS).

In the stock market, for every buyer, there is a seller. When you buy 100 shares of stock, someone is selling 100 shares to you. Similarly, when you go to sell your shares of stock, someone has to buy them. If there are more buyers than sellers (demand), then the stock price will go up. Conversely, if there are more sellers than buyers (too much supply), the price will fall.

10 Great Ways to Learn Stock Trading as a Beginner

For beginners who want to learn how to trade stocks, here are ten great answers to the simple question, “How do I get started?”.

1. Open a stock broker account

Find a good online stock broker and open an account. Become familiarized with the layout and to take advantage of the free trading tools and research offered to clients only. Some brokers offer virtual trading which is beneficial because you can practice trading stocks with fake money (see #9 below).

2. Read books

Books provide a wealth of information and are inexpensive compared to the costs of classes, seminars, and educational DVDs sold across the web. See my list of 20 great stock trading books to get started. One of my personal favorites is How to Make Money in Stocks by William O’Neil (pictured below), founder of CANSLIM Trading.

3. Read articles

Articles are a fantastic resource for education. My most popular posts are listed on my stock education page. The most popular website for investment education is investopedia.com. I also highly recommend reading the memos of billionaire Howard Marks (Oaktree Capital), which are absolutely terrific. Naturally, searching with Google search is another great way to find educational material to read.

4. Find a mentor or a friend to learn with

A mentor could be a family member, a friend, a coworker, a past or current professor, or any individual that has a fundamental understanding of the stock market. A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days.

Despite being “old school,” online forums are still used today and they can be a great place to get questions answered. Two recommendations include Elite Trader and Trade2Win. Just be careful of who you listen to. The vast majority of participants are not professional traders, let alone profitable traders. Heed advice from forums with a heavy dose of salt and do not, under any circumstance, follow trade recommendations.

5. Study successful investors

Learning about great investors from the past provides perspective, inspiration, and appreciation for the game which is the stock market. Greats include Warren Buffett (below), Jesse Livermore, George Soros, Benjamin Graham, Peter Lynch, John Templeton and Paul Tudor Jones, among others. One of my favorite book series is the Market Wizards by Jack Schwager.

6. Read and casually follow the stock market

News sites such as CNBC and MarketWatch serve as a great resource for beginners. For in depth coverage, look no further than the Wall Street Journal and Bloomberg. By casually checking in on the stock market each day and reading headline stories, you will expose yourself to economic trends, third-party analysis, and general investing lingo. Pulling stock quotes on Yahoo Finance to view a stock chart, view news headlines, and check fundamental data can also serve as another quality source of exposure.

TV is another way to expose yourself to the stock market. No question, CNBC is the most popular channel. Even turning on CNBC for 15 minutes a day will broaden your knowledge base. Don’t let the lingo or the style of news intimidate you, just simply watch and allow the commentators, interviews, and discussions to soak in. Beware though, over time you may find that a lot of the investing shows on TV are more of a distraction and source of excitement than being actually useful. Recommendations rarely yield profitable trades.

7. Consider paid subscriptions

Paying for research and trade ideas can be educational. Some investors may find watching or observing market professionals to be more beneficial than trying to apply newly learned lessons themselves. There are a variety of paid subscription sites available across the web; the key is to find the right one for you. Here’s a list of the services I use myself. Two of the most well-respected subscription services are Investors.com and Morningstar.

CAUTION – Be careful. Many paid subscriptions marketed online, especially in social media, come from one-off traders that claim to have fantastic returns and can teach you how to be successful. 99.99% of them are a really poor investment and come with higher prices of $99 – $149 per month, or more. The worst damage though comes when you try to do what they do, invest way too much in a stock tip, and get burned when it doesn’t work out. See, Day Trading: 10 Lessons That Changed My Career.

8. Go to seminars, take online courses or live classes

Seminars can provide valuable insight into the overall market and specific investment types. Most seminars will focus on one specific aspect of the market and how the speaker has found success utilizing their own strategies over the years. Examples include Dan Zanger and Mark Minervini, both of which I have attended and reviewed thoroughly here on the site. Not all seminars have to be paid for either. Some seminars are provided free, which can be a beneficial experience, just be extremely conscious of the sales pitch that will almost always come at the end. Whatever is offered, just say no!

When it comes to courses and classes, these are typically pricey, but like seminars, can also be beneficial. Will O’Neil workshops, Warrior Trading, Bulls On Wall Street, and Online Trading Academy provide a variety of courses on investing and trading.

CAUTION – Like paid subscriptions, be very careful with classes and courses. Most are easily over $1,000 and are sold with promises of acquiring valuable knowledge. Their fantastic sales funnels will suck you in, take your money, excite you during the course, then leave you with a strategy that was profitable five or ten years ago, but is no longer relevant today. That, or you simply do not yet have the expertise required to be successful and trade the strategy properly.

9. Buy your first shares of stock or practice trading through a simulator

With your online broker account setup, the next step is to simply take the plunge and place your first stock trade (instructions further down!). Don’t be afraid to start small, even 1, 10, or 20 shares will serve its purpose.

If the thought of trading stocks with your hard earned money is to nerve racking, consider using a stock simulator for virtual trading. Online brokers TD Ameritrade and E*TRADE both offer virtual trading to practice buying and selling stocks.

CAUTION – One of the most common mistakes new investors make is to buy too many shares for their first stock trade; this is a mistake. Taking on too much risk as a beginner who is just getting started will very likely result in experiencing unnecessary losses. Instead, begin with trading small position sizes, then slowly work your way up to buying more shares, on average, each trade.

10. Follow Warren Buffett’s advice, buy and hold the market

For the majority, online trading (especially day trading) will not outperform simply buying the entire market, such as the S&P 500, and holding it for many years. Warren Buffett, the greatest investor of all-time, recommends individual investors simply passively invest (buy and hold) instead of trying to beat the market trading stocks on their own. See: How to Retire with at least $1 Million Dollars.

What is the Stock Market?

The stock market is built around the simple concept of connecting buyers and sellers who wish to trade shares of publicly traded companies. It is a marketplace.

Each publicly traded company lists their shares on a stock exchange. The two largest exchanges in the world are the New York Stock Exchange (NYSE) and the NASDAQ; both are based in the United States (Wikipedia). Attempting to grasp just how large the NYSE and NASDAQ both are is certainly not easy. The NYSE has a market cap of nearly $31 trillion and the NASDAQ’s is nearly $11 trillion. And yes, that is not a typo, I said, “trillion”.

Let’s take Apple (AAPL) for example, which is listed on the NASDAQ stock exchange. Apple currently has 4.6 billion shares outstanding, of which 4.35 billion are available to be traded (also known as the “float”). Using today’s closing price of $201.75 (July 11th, 2020), Apple has a market cap of $937.44 billion. That’s a big company! (By the way, market cap is a simple way to gauge the value of a company. If you bought every available share of stock, the market cap is how much it would cost you to buy the entire company.)

More recently, in May 2020, Uber (UBER) went public, listing its shares on the NYSE. As of today’s close, UBER’s stock trades for $43.99 per share and the company boasts a market cap of $74.59 billion.

Once a company has their shares listed on an exchange, then anyone, including you and I, can use an online broker account to trade shares. Whether you are an everyday investor or an institutional hedge fund managing hundreds of millions of dollars in client money, anyone can trade.

Trading Strategies

There are many strategies for trading stocks. The most common strategy is to buy and hold. You buy shares of stock, then hold them for years and years. The complete opposite strategy would be day trading, which is when you buy shares then sell them the same day before the market closes (for more on day trading, see my day trading guide).

Each strategy has its advantages and disadvantages. For example, day trading can be expensive since you are trading frequently. Furthermore, since your trades are less than a year in duration, any profits are subject to short-term capital gains taxes.

To keep costs as low as possible, famous investors like John Bogle and Warren Buffett recommend buying and holding the entire stock market. Known as passive investing, it is a buy and hold strategy where you buy an entire market index, typically the S&P 500, as a single mutual fund or exchange traded fund (ETF). By buying an entire index, you are properly diversified (have shares in

500 large companies, not just one), which reduces your risk long term. In fact, John Bogle is credited with creating the first index fund.

Three other common strategies you may hear traders refer to include momentum trading (buying shares of very fast growing companies and selling them for a profit before they inevitably peak in price), swing trading (using technical analysis to identify a trading range, and then buying and selling shares as the stock trades within that range), and penny stock trading (buying shares of very small companies whose stocks trade for less than $1 a share).

ETFs and Mutual Funds

By this point, we should already know what a stock is, so let’s break down ETFs and mutual funds. ETFs (exchange traded funds) and mutual funds are similar in that they both represent a collection, or “baskets”, of individual stocks or bonds.

Take for example the S&P 500 market index, which is comprised of 505 companies. Buying shares in 505 different companies would be very difficult to do. Thanks to mutual funds and ETFs, we can simply buy one single security that holds shares in all 505 companies. The largest S&P 500 mutual fund is the Vanguard 500 Index Fund Admiral Shares (VFIAX) and the largest S&P 500 ETF is the State Street Global Advisors SPDR S&P 500 ETF (SPY).

By buying an ETF or mutual fund, your portfolio is better diversified than just owning shares of one or two stocks; thus, you are taking on less risk overall. This is the primary advantage of buying ETFs and mutual funds over trading individual shares.

The main difference between ETFs and mutual funds is in how they trade. ETFs trade like stocks, which means you can buy and sell them throughout the day and they fluctuate in price depending on supply and demand. Contrarily, mutual funds are priced each day after the market closes, so everyone pays the same price. Also, mutual funds typically require a higher minimum investment than ETFs.

How to Buy Shares – Step by Step Instructions

Once you open and fund your online brokerage account, the process of placing a stock trade can be broken down into five simple steps:

  • Choose whether to buy or sell
  • Insert quantity
  • Insert symbol
  • Select order type
  • Review order, place trade

1. Choose Buy or Sell

The first step is always to choose what we would like to do, buy shares long or sell shares short. As a new investor, keep it simple, buy shares long!

2. Insert Quantity

Next we enter how many shares we would like to buy or sell in total. To calculate how many shares we can afford, simply take the total amount of cash currently in the account and divide it buy the stock’s last price. So, if stock XYZ is trading at $10 and we have $1000 in our account, we can afford to purchase 100 shares of stock ($1000 / $10).

3. Insert Symbol

The ticker symbol represents the company we are going to trade. For example, Disney has a ticker symbol of “DIS”, Apple is “AAPL”, and Facebook is “FB”. If we are not sure of the company’s symbol, you can click on the Symbol field and search to find it. Tickers are also required to read a stock chart.

4. Choose Order Type

The most common order types: market, limit, and stop (see my guide, Best Order Types for Stock Trading). Market orders buy or sell immediately at the current best market price. Limit orders only buy or sell these shares at, “$xx price or better”. Lastly, stop loss orders are combined with a market or limit to trigger once $xx price hits. For new investors just getting started, I always suggest just sticking with market orders.

5. Review Order and Place Trade

After the basic inputs have been made, the “Place Trade” button will appear to complete the order. By default, a summary screen always appears once this button is clicked to summarize the order and confirm we have enough funds in our account. Once investors have experience and are comfortable with the trade ticket, this confirmation page can be disabled.

Here’s an example of a TD Ameritrade order ticket filled out,

Other fields (Expiration, Special Instructions, Routing)

New investors should ignore these fields and leave them set to their default values. These options give investors more control as to how long certain orders should remain active and how they should be filled. For example, “GTC” for expiration means “good-till-cancelled”.

Regarding routing, 99.9% of orders are routed using the online broker’s automated system. However, day traders will sometimes hand select (direct route) their orders to a specific market center to receive market rebates. See this StockBrokers.com guide for more on order routing.

Tips for Success

Learning from the greats, here are variety of stock trading tips from some very successful investors. By applying any of the following lessons, you can become a better trader. Success takes time, and these rules will lead you in the right direction.

William O’Neil

William O’Neil is the founder of CANSLIM investing, Investors Business Daily, and has authored numerous books on investing, with his most famous being, How to Make Money in Stocks: A Winning System in Good Times and Bad.

  • As a new investor, be prepared to take some small losses.
  • Persistence is key when learning to invest. Don’t get discouraged.
  • Learning to invest doesn’t happen overnight. It takes time and effort to become successful at it.
  • As a beginner, set up a cash account, not a margin account.
  • Concentrate on a few, high-quality stocks. There’s no need to own twenty or more stocks.
  • Don’t get emotionally involved with your stocks. Follow a set of buying and selling rules, and don’t let your emotions change your mind.
  • Don’t buy a stock under $15 a share. The best companies that are leaders in their fields simply do not come at $5 or $10 per share.
  • Learning from the best stock market winners can guide you to tomorrow’s leaders.
  • Always do a post-analysis of your stock market trades so that you can learn from your successes and mistakes.
  • Stocks never go up by accident. There must be large buying, typically from big investors such as mutual funds and pension funds.
  • Replace the old adage, “buy low and sell high” with “buy high and sell a lot higher.”
  • History always repeats itself in the stock market.
  • Ignore personal opinions about the market.
  • Three out of four stocks, regardless of how “good,” will eventually follow the trend of the overall market.
  • When starting to invest, keep it simple.
  • Short stocks only in a bear market. Use tight stop losses and take profits often.

Jesse Livermore

Jesse Livermore, respected as one of the greatest investors of all time, has been featured in many investment books. The most iconic was Reminiscences of a Stock Operator by Edwin Lefevre in 1923. During the course of his life he made and lost millions, going broke several times before committing suicide in 1940. These are his seven greatest trading lessons:

  • Cut your losses quickly.
  • Confirm your judgments before going all in.
  • Watch leading stocks for the best action.
  • Let profits ride until price action dictates otherwise.
  • Buy all-time new highs.
  • Use pivot points to determine trends.
  • Control your emotions.

John Paulson

John Paulson, a hedge-fund manager in New York, lead his firm to make $20 billion in profits between 2007 and early 2009. By betting heavily against first the housing market and then later financial stocks, his firm made a killing. Paulson’s success netted him a paycheck of some $4 billion, or more than $10 million a day. His funds during this time had returns of several hundred percent. These are his eight investing lessons:

  1. Don’t rely on experts, be skeptical.
  2. Always have an exit strategy.
  3. Debt markets can do a better job predicting problems than stock markets.
  4. Always educate yourself on new investment vehicles.
  5. Don’t underestimate insurance (such as put options).
  6. Experience counts.
  7. Don’t fall in love with any single investment, keep emotions aside.
  8. Don’t risk too much on any single trade, diversify risk.

My Three Favorite Stock Tips

After completing over 1,000 stock trades, representing over 4,000 individual buys and sells, here are three tips I wish I knew and fully appreciated on day one:

  • Think win/win. Psychology is a huge aspect of trading. If you have a big winner on your hands and aren’t sure whether you should hold the shares to try for higher prices or sell them to lock in a profit, consider selling half and holding the rest with a stop loss (at worst) back at your original buy price. That way, if the stock drops back to your buy price, you still win because you sold half and made a profit. Similarly, if the stock shoot higher in price, you also win because you still hold half your original position. Heads you win, tails you win too. ��
  • Set strict rules to help you stay disciplined.
  • Always know the day and time (pre or post hours) when your stock holdings are posting earnings next!

Closing Thoughts

Something that I always emphasize to new stock traders when they email in is that investing is a life long game. Take your time! There is no reason to rush into the stock market.

Start with a small amount to invest, keep it simple, and learn from every trade you make. If you find yourself emotionally charged with trading, then passively investing in the overall market with a simple index fund (see above, “Trading Strategies”) is likely a better choice.

Hopefully the helps answer some of your questions about stock trading.

If you feel this guide was helpful for you, please share it on Facebook, Twitter, or email it to a friend! I appreciate your support.

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someone is listing viagra on my web site mwe3.com can you ask them to take it down! It is a music reviews site and not a viagra website!!

What a stuffed search engine. How about results of the actual item we are looking for.

Results that are actually relevant to a search would make life more enjoyable. Not interested in all the totally unrelated **** you allow to appear as “results”.

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