Showing posts with label Tools and Resources. Show all posts
Showing posts with label Tools and Resources. Show all posts
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5 Great Tools for Stock Traders

Tuesday, June 2, 2009 1 comments


These are some great tools that every stock trader should utilize. If you have some input, please don't be afraid to mention some of your own in the comments.

If you have been around any stock boards, this one is probably one of the best and most customizable. Great interface, and easy to use. Screeners are okay as well. Delayed 15 minutes from realtime.

Not commonly mentioned, but I love the interface, and instant t/a that this site provides. I think this is updated once a day. Gives all the signals, resistances, key points of info.

This one has been my go-to resource for the last month. Love the customizable filters, and multiple charts that can be viewed in one screen. Lots of screeners, small fee for the service. One of the wisest decisions I made was to subscribe here.

This site seems to be evolving and I hope they find what they want to do. Seems like everytime I've visited, it keeps changing (kinda like this one your reading, but who asked you anyway, ;-)) It does have a lot of into for the beginnger on formulas and indicators, visuals and definitions.

Who hasn't used this? Seems like it has more information than my stockbroker at times. The one thing this has that Scottrade doesn't is afterhours info, and trades. Still a great resource, and I still use it from time to time.



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Penny Stock Brokers

Sunday, April 12, 2009 0 comments


A fellow penny stock blogger has written a great post on selected brokers to use, specifically for penny stocks. For as long as I've been in penny stocks, I was always told that you couldn't short them, and there was a specified amount that you were limited to (either $3 or $5 pps maximum). Pennystocker unlocks shorting penny stocks, and gives some insight on shorting and advice on how to do it. Please check out his site www.pennystocker.com. He has also written a free book on shorting, and it's a well written step-by-step guide to help those that have never ventured into this avenue of the stock market. I plan on trying this in the near future, and will use it as a guide to get started.

As for additional brokers, I currently use Scottrade as my main broker. On stocks that are greater than 3.00 per share, their transaction fee is 7.00. On anything less, look to pay a reasonable amount per trade, depending on the price and quantity of shares to be purchased. I have had great success with Scottrade getting orders filled, but sometimes it is difficult with penny stocks, because they block them occasionally. Sometimes this is a good thing, as it has saved me some heavy losses. I have always had great customer service from them.

Here is a good link for comparison of other brokerages. Just a small piece of advice...If you are going to be an active trader and not stay in stocks for lengthy periods of time, find a brokerage whose fees are reasonable. I hope to try TradeKing, or Zecco in the near future, as Scottrade's fees are ridiculous compared to the other online brokers.
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