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Blogs

Dealing With Stock Market Corrections: Ten Dos and Donts

2019-02-20

JakeOfSpades |

A correction is a beautiful thing, simply the flip side of a rally, big or small. Theoretically, even technically I'm told, corrections adjust equity prices to their actual value or "support levels". In reality, it's much easier than that. Prices go down because of speculator reactions to expectations of news, speculator reactions to actual news, and investor profit taking. The two former "becauses" are more potent than ever before because there is more self-directed money out there than ever before. And therein lies the core of correctional beauty! Mutual Fund unit holders rarely take profits but often take losses. Additionally, the new breed of Index Fund Speculators is ready for a reality smack up alongside the head. Thus, if this brief little hiccup becomes considerably more serious, new investment opportunities will be abundant!


Here's a list of ten things to think about doing, or to avoid doing, during corrections of any magnitude: 


1. Your present Asset Allocation should be tuned in to your long-term goals and objectives. Resist the urge to decrease your Equity allocation because you expect a further fall in stock prices. That would be an attempt to time the market, which is (rather obviously) impossible. Asset Allocation decisions should have nothing to do with stock market expectations.


2. Take a look at the past. There has never been a correction that has not proven to be a buying opportunity, so start collecting a diverse group of high quality, dividend paying, NYSE companies as they move lower in price. I start shopping at 20% below the 52-week high water mark... the shelves are beginning to become full.


3. Don't hoard that "smart cash" you accumulated during the last rally, and don't look back and get yourself agitated because you might buy some issues too soon. There are no crystal balls, and no place for hindsight in an investment strategy. Buying too soon, in the right portfolio percentage, is nearly as important to long-term investment success as selling to soon is during rallies.


4. Take a look at the future. Nope, you can't tell when the rally will come or how long it will last. If you are buying quality equities now (as you certainly could be) you will be able to love the rally even more than you did the last time... as you take yet another round of profits. Smiles broaden with each new realized gain, especially when most Wall Streeters are still just scratchin' their heads.


5. As (or if) the correction continues, buy more slowly as opposed to more quickly, and establish new positions incompletely. Hope for a short and steep decline, but prepare for a long one. There's more to Shop at The Gap than meets the eye, and you run out of cash well before the new rally begins.


6. Your understanding and use of the Smart Cash concept has proven the wisdom of The Investor's Creed (look it up). You should be out of cash while the market is still correcting... it gets less scary each time. As long your cash flow continues unabated, the change in market value is merely a perceptual issue.


7. Note that your Working Capital is still growing, in spite of falling prices, and examine your holdings for opportunities to average down on cost per share or to increase yield (on fixed income securities). Examine both fundamentals and price, lean hard on your experience, and don't force the issue.


8. Identify new buying opportunities using a consistent set of rules, rally or correction. That way you will always know which of the two you are dealing with in spite of what the Wall Street propaganda mill spits out. Focus on value stocks; it's just easier, as well as being less risky, and better for your peace of mind. Just think where you would be today had you heeded this advice years ago...


9. Examine your portfolio's performance: with your asset allocation and investment objectives clearly in focus; in terms of market and interest rate cycles as opposed to calendar Quarters (never do that) and Years; and only with the use of the Working Capital Model (look this up also), because it allows for your personal asset allocation. Remember, there is really no single index number to use for comparison purposes with a properly designed value portfolio.


10. So long as everything is down, there is nothing to worry about. Downgraded (or simply lazy) portfolio holdings should not be discarded during general or group specific weakness. Unless of course, you don't have the courage to get rid of them during rallies... also general or sector specific.



This blog post was written by our friends at Transparent Traders


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Say Hi to our new mentor DonFronShow!

2019-02-14

JakeOfSpades |

Say hello to our new mentor Don!



Hi everyone, my name is Don aka The DonFronShow. Excited to be apart of WeTradeHQ and really want to share my passion of trading!


 

I'm a full time trader who has a plethora of experience in the stock market. For over 3 years, I've traded full-time from home focusing my discipline on exchange-traded funds (ETF's) and foreign exchange (Forex).

 

I want to share my passion with the community and help YOU build a profitable trading system like I have for myself. With my mentorship, you will learn to trade ETF's, Forex and master a profitable strategy simply using price action and zones.

 

As part of my mentorship, I will go live daily after market close at 8pm CST. In these live streams, I will go over in-depth how the market and trades went for that day. I will also answer all questions one by one, analyzing each chart with you to ensure you build a fantastic trading system for yourself. I will also provide exclusive content for all my students!

 

Please join me in my journey to help everyone profit in the stockmarket. I want to change lives and help you become financially independent.



Find a mentor here





Be sure to check out our Facebook group and Discord chat to ask Don questions!


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When should you buy a stock?

2019-02-12

What Is Dilution?

2019-02-10

JakeOfSpades |

Take a look on an explanation on stock dilution by our good friends Transparent Traders.






Hope you enjoyed this post be sure the check out the links below:


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An Introduction to Elliott Wave Theory

2019-02-09

JakeOfSpades |

By Martin Tillier


Charts are basically simple representations of price history, but they are often endowed with some almost mystical qualities by over-complicated analysis of obscure patterns. The most reliable patterns, however, are those that are based on repeated human behavior rather than esoteric math, which brings us to Elliott Wave Theory.

It was developed in the 1920s by Ralph Nelson Elliott, and has been a basic method of technical analysis ever since. It is based on the observation that human psychology leads to a cyclicality in financial markets, and that is its strength and the main reason it has been so durable. Technology, information flow, and a host of other things that can influence price may change, but the human condition remains constant.

Most of us understand the concept of Elliott Wave Theory, even if we don’t recognize it as that. Think of every cartoon depiction of a chart that you have seen, and I’m sure that most of them show a zig-zag movement either up or down. The fact is that price rarely, if ever, moves in a straight line, and that is the basis of the concept.

For the purpose of simplicity, I will refer here only to an upward move, but the same applies in reverse when a price is declining.

Humans tend to think that the most recent thing to happen will continue to happen, so when a price is moving upward, it attracts other buyers. That leads to an overshoot of the logical endpoint of a move, followed by a correction once that is recognized.


However, assuming that the fundamental conditions that led to the move up in the first place remain constant, that move down ends at the point that the stock, or whatever you are tracking the price of, represents value again and the upward move resumes. That pattern is then repeated.

What Elliott observed is that the moves up most often come in threes, leading to a pattern of five distinct moves, or waves.




There are a few things that define a true Elliott pattern. First, no correction can pass the starting point of the move that precedes it, so wave 2 in the above chart is shorter than wave1 and 4 is shorter than 3. In addition, 3 must be longer than 1, and 4 cannot continue past the top of 1.

In real life, of course, the chart is never as clean as that, but the pattern is still often recognizable. The chart below is for Amazon (AMZN) in the fall of last year, for example.





Elliott Wave Theory, like most technical analysis, can be as simple or as complex as you wish to make it. There are extensions of the theory that predict the scope and slope of each wave and a lot of analysis based on the fractal nature of the moves (a fancy way of saying that each big wave contains a bunch of little ones that also conform to the pattern).

If you intend to use it for analysis, you should familiarize yourself with some of those ideas, but to me the most useful thing about Elliott is the understanding it gives us of cyclicality.

Once you understand the basic idea that securities tend to move, correct, move, correct, then move again it informs any and every analysis you perform thereafter. And understanding that once a correction reverses and the price moves above the previous high it is likely that that upward move will continue helps to identify opportunities, or at least reinforce the timing of trades suggested by other factors.

Elliott Wave Theory is, like every type of analysis, not perfect. Overall market conditions or fundamental factors specific to the traded instrument can and will change, and that can easily nullify your calculations and even the best possible setup. It is important to remember that, and to always have an exit strategy and not to become too slavishly attached to any one theory.

That said, Elliott Wave is such a widely used and logical analysis that a basic understanding of the principles behind it is important to all traders and investors. Hopefully, if you have got this far, you now have that.



Hope you enjoyed this post be sure the check out the links below:


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Support and Resistance Indicator Technical Analysis

2019-02-08

What I Look For In My Day Trades | $100 Profit | How To Trade Stocks

2019-02-06

HOW to BUY PENNY STOCKS | INVESTING in the STOCK MARKET

2019-02-05

How To Buy Stocks

2019-02-03

JakeOfSpades |

If you've never bought a stock before and want to learn how to, you've come to the right place!





When you buy a stock, you own a part of a public company. Maybe you believe in the company and think it will do well in the future, maybe you just want to buy and sell quickly for a profit or maybe your just curious how it works. Buying and selling stocks can be profitable, we will go over strategies in the future but for now let's keep it simple and teach you to buy a stock.





  1. First, you need to open a brokerage account to buy and sell stocks on the stockmarket. A brokerage account facilitates your buy and sell orders, provide you with the software tools to do so and are in regulation with federal governments to make sure everything is running smoothly. There are many different brokerage out there so make sure you keep your options open. You can view a list of our supported brokerages here. You will then need to follow instructions and fill out paperwork for tax purposes.
  2. Second, after you open your brokerage account you will need to fund your account. funding your account is as simple as transferring money from your bank account to your brokerage account via wire-transfer or whatever options the brokerage supports. TIP: most brokerages allow you to open a trial account and paper trade which simulates the stock market with fake money so you don't have to risk your real money and learn the ropes!
  3. Third, after you have signed up for your brokerage account and funded (or made a paper trading account) you now need to search a stock! Each stock has what is called a ticker symbol which is a combination of letters to designate which stock is paired with a company. For example Facebook's ticker symbol is FB, Apple's is AAPL. All brokerages provide a search engine to find ticker symbols, so type in your letter combination.
  4. Lastly, now you can buy your first stock! After you searched your ticker symbol there will be buy button and order type. To keep this short we will go over order types next time but it should default to market or MKT. Their are many order types that provide different execution conditions. Now just enter your quantity for the stock and click BUY (see the photo below, on the left is the ticker symbol for Facebook and on the right is the buy button).





Hope you enjoyed this post be sure the check out the links below:


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Information About Trading Penny Stocks Online for Beginners

2019-02-02

JakeOfSpades |

People have been trading stocks online since the very early days of the internet, and if you’re going to get started in trading nowadays you go straight to an online broker.


There are several things you will want to be aware of before deciding to start trading stocks. IMO step 1 would be to watch the FREE video lessons for beginners and veterans wanting to learn from the start or have a refresher on the basics. You can find these by going to James Mason’sYouTube Channel. Then I strongly suggest utilizing a Paper Trading account to start, basically that is where you use fake money to test the knowledge you have learned. If you need a list of brokers that offer this, just drop me a request in the comments.


There has been mounds of articles written about trading stock online, penny stocks, and by people that feel they no more than everyone. If you know so much and are so good, why not educate for free?


If the idea of an exciting investment strategy appeals to you, trading penny stocks could be the adrenaline fix you are wanting. It's simple to get started, but success or failure are equals. This is another reason you will want to watch the Free Stock Course created by James Mason.


Penny stocks are defined as stocks that are trading below $5 a share. These are shares usually traded outside of the major exchanges, on the OTC Markets. They are often volatile, unpredictable and their performance is very difficult to monitor or evaluate future growth.




It is fair to say that stock trading at a few cents a share is a risky investment for anyone. The thought of buying thousands of shares for a few cents is one that often results in many people losing lots of money. What you must remember is that there is a reason the stock is so cheap - it really isn't worth much and the likelihood of making a killing on such shares is far from the foregone conclusion that some people will try to convince you it is. Establishing what the performance of these stocks will be is virtually impossible.


Don't be the one that just follows the hype into buying a stock just because a newsletter or email tells you it is a sure thing. There are plenty of sharks out there who will engage in the practice known as "pump and dump", whereby they will attempt to generate unsubstantiated hype about a stock in the hope that people will be a rush to buy, enabling them to sell on their worthless holdings to unsuspecting hopefuls. You must always exercise caution and do your own "due diligence" - if you don't, you will soon end up regretting the impulsive penny stock purchases.


Trading stocks online is not difficult, and once you have a basic understanding of how it works and decide to give it a try, you will need an account with an online stockbroker, i can provide some that i use if you request in the comments below.


Your interest in penny stocks tells me that you are looking to make quick returns. It is true that the rewards can be tremendous - it is entirely possible to make hundreds of dollars in a day. At the same time, get it wrong and the losses can soon mount up too. Day trading is not always profitable, but it's always risky. Day traders buy stock and aim to sell it on the same day for a profit - the age old buy low, sell high strategy. Of course, if the stock price falls, you have a decision to make - sell it at a loss, or hold on in the hope that prices will recover and you can mitigate your losses.


You must understand that not every stock you buy will grow in value during one trading day. This means you could end up with your risk capital tied up in one company, leaving you unable to make any other trades until you sell it. I suggest not having all your eggs in one basket is therefore not a great trading strategy.


For those that have limited funds to invest, this can present a bit of a dilemma. You will not want to buy just a few shares that even if the price rockets upward, you will make only a few dollars - you must also remember to subtract brokerage fees from overall profits too. If you are working with only a small amount of capital, you are going to need to find reasonably priced stock that allows you to buy a few hundred shares, certainly not less than 100. For example, if you can secure 300 shares and the price rises by 25 cents, you will get yourself only $75 less any commissions - hardly earth shattering. On the other hand, if the stock value increases by a dollar, you have $300. The basic math is simple enough, so you need to look carefully at whether an investment is likely to be worthwhile relative to the amount you can invest.


It goes without saying that the more investment capital you have, the more you stand to make, or lose.


Finally, I will repeat my earlier advice - never invest anything that you can't afford to lose. If you are thinking of day trading, you will need to be able to monitor your stocks throughout the trading day. If you are not going to be able to do this, you will not be able to sell when the need arises.



If you want to start trading penny stocks online, read up on the subject carefully and learn as much as you can. There are plenty of helpful websites such as Transparent Traders where you can begin to learn. 





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Also be sure to check out our friends at Transparent Traders for more stock market and investing tips : https://www.transparenttraders.me



PDT Rule | Stocks for Beginners

2019-01-31

JakeOfSpades |

Here's how I worked around the PDT Rule when I was a beginner trader. Hope this helps anyone just starting out!




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Also be sure to check out our friends at Transparent Traders for more stock market and investing tips : https://www.transparenttraders.me


Day Trading Penny Stocks | Is It Really Worth The Risk

2019-01-30

JakeOfSpades |

From our friends at Transparent Traders :


Is day trading penny stocks really a wise move for your investment activity? Many people are wary of this activity, and with good reason. While you certainly do hear the glamour stories of the many investors who’ve made fortunes with penny stocks, you often don’t hear about the thousands who’ve lost a ton of money in the process.


Penny stocks are notorious for enabling you to make either huge gains or losses overnight. Many people hear stories about somebody who made a million dollars in a couple days day trading penny stocks and become so enamored with that they don’t realize these same investors (gamblers, really) most often lose all that money soon after.


Believe it or not, penny stocks are nothing more, nothing less than glorified gambling. Yes, there are some investors who can make a lot of money with this avenue, but only if they are sure of what they are doing. The reason for their volatility is simple: every one of these companies that are trading for less than $1 per share got into the situation for a reason.


Usually, it was either bad management, poor economics, or a combination. Therefore, you’d better have a good reason for thinking a turnaround is about to occur before laying your money down.


The main reason day trading penny stocks is so risky is that it doesn’t take much to affect your investment. For instance, if you buy in at .25 cents, and the stock goes up to .50 cents, you’ve just doubled your investment just by a .25 cent gain! Of course, the same risks apply for it going down.


While a .25 cent swing for most stocks would be hardly noticeable, for penny stocks they can be either mega profitable or suicidal. Therefore, if you do plan on entering the exciting, non-stop action world of penny stocks, you need to be sure you are an expert at looking at a company and spotting a turnaround possibility.


Think about this: most of the world’s top investors have gotten to the point they are at by investing in good stocks that have exhibited a long term of profitability. When you invest in penny stocks, you voluntarily take yourself out of that realm and focus only on companies that have proven they can’t turn a profit. Yes, sometimes miracles or turnarounds do occur, but not very often.


If you do plan on entering this world of day trading penny stocks, you need to become an expert at spotting companies you are sure will turn things around and jump in at the right time. No, making money with penny stocks is certainly not impossible, but you must know what you’re doing, and always monitor your investments closely.









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A Key Step For Trading Penny Stocks

2019-01-30

JakeOfSpades |



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MidDay Market Recap

2019-01-28

JakeOfSpades |

We are crushing it today with the likes of $ARSN, $GHHC, and $EQLB just to name a few. Excellent Mid-day market recap today! Well done fam!





NEW! 1on1 Mentorship now available! Limited space available. Click here to get started: https://www.wetradehq.com/mentor/B.Smith


Want to take your penny stock trading career to the next level? Invest in yourself and check out my affordable penny stock course!: https://www.wetradehq.com/course/Own-...


Facebook group: https://www.facebook.com/groups/95183...


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***Make FASTER TRADES*** with direct market access using SpeedTrader! Get exclusive $2.95 comissions and $100 in free trades by clicking this link here: https://speedtrader.com/wetradehq/




Are you a veteran or first responder? Receive 20% off all services from OWN THE CHAOS by emailing bsmith@wetradehq.com, for details on your discount.


Link to apparel store: https://wetradehqapparel.myshopify.com/


Make a very smart trading decision and get 10% off EquityFeed when you use this link http://ssqt.co/m5dRpxM




DISCLAIMER: Please note that I do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only. If you have any questions, feel free to message me as I would love to be a part of your success.

Stock Watch Sunday

2019-01-28

What is Share Structure?

2019-01-27

Stocks to Buy for Bear Markets

2019-01-27

JakeOfSpades |

Here is another blog post from Transparent Traders :


When stocks are bullish, or when prices of the stock market are at a steady NORTHERN movement – it is easy for anyone to make money in the market. Stock Market studies have shown that in certain kinds of markets, beginner traders did just as well as veterans when it came to picking hot stocks and reaping fast profits. But the veterans of the stock trading game say that the real test comes when there is a bear market and the stocks shoot SOUTH. Traders who can make money under these conditions gain the respect of even the most seasoned investors. To be able to do this takes patience, no emotions, research, and discipline.


Picking the perfect hot stock for the economic climate is not impossible, however. One way to get a handle on which stocks will perform best during a bear market is to look at the overall picture of how the stock market behaves. Usually bull markets are periods that also see a strong manufacturing sector. Houses are built, cars are manufactured, and goods like appliances and clothes fly off the shelves. The companies that make and sell those consumer products do well, and those who buy their stock to share in that success drive stock prices higher. But when the party is over and inflation kicks in, we begin to budget our money. Sales volume declines, and many factory workers find themselves out of work as consumer demand slackens. As wages stagnate, so do purchases of high-priced items like cars and homes, and this helps to accelerate the decline of the stock market.


But those who buy stocks that perform well even in this kind of economic recession – the stocks known as “recession-proof” stocks – can usually do relatively well, even during sluggish bear markets. Which stocks continue to reward shareholders in a recession? Those that are tied to fundamental necessities of life. We may not buy designer jeans and sports cars during a bear market, but we still buy heating oil and we still use electricity to light our offices and homes. So, utility company stocks generally fare well during bear markets, as do companies that sell other basic commodities like gasoline. Gold and silver and other precious metals are also a good choice for a difficult stock market season, because when people are nervous about the future of the economy, they tend to invest in things of universal value, like gold. It provides a sense of security, because if all else fails to attract consumers, gold will still glitter and be considered an item of special value and significance. And if you buy gold before the bear market sets in, you can probably sell it for a profit once the demand for it increases.


In summary, stocks that provide a sense of stability and security through ownership of those necessities of life are usually a good place to invest during a bear market. And buying stocks whose prices have fallen to bargain basement prices is also a smart strategy. Many perfectly good stocks with underlying value and strong earnings get dumped when people pull their investments away from the stock market in the masses. Those who are patient can buy these at wholesale or below wholesale prices, and then watch their purchases rise in value once others realize that these stocks are good buys. When the stock market begins to climb again, those stocks that are undervalued will rise quickly and you will be left holding winners that you bought at deeply discounted prices.





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Also be sure to check out our friends at Transparent Traders for more stock market and investing tips : https://www.transparenttraders.me




WeTradeHQ member at 19 years old make's $5,000 profit

2019-01-25

JakeOfSpades |

Great win for another one in the WeTradeHQ fam! Get your trading career started at any age, and check out this amazing win!




Link to FREE Facebook group: https://www.facebook.com/groups/WeTradeHQ/


Link to FREE WeTradeHQ chat: https://discord.gg/m6kbEr9


Link to FREE WeTradeHQ platform: https://www.wetradehq.com/


Or email us contact@wetradehq.com



Also be sure to check out our friends at Transparent Traders for more stock market and investing tips : https://www.transparenttraders.me

Intro For How I Trade Stock Options

2019-01-24

JakeOfSpades |

From our friends at Transparent Traders : This is my introduction for my mini series that I will be releasing the videos for one video per day on how I trade options. So this isn't only going to be just how I trade options,

I'm gonna go over different things like, what are options, the benefits for trading options, the pros and cons, How I trade the calls and puts, and I'll actually show you a trade with a call and a put.


What I look for in trading options and the best price ranges that I feel in my opinion. I'll explain all of that. So I mean if this is something you're interested in you should definitely follow this series. Please subscribe and hit that notification button so you'll get notified for these videos when I post them daily. If you do not know how to trade go to my playlist.


I have another free course there in playlist one and two.


In the end the content is all the same but playlist one I teach it using EMA's and playlist two I teach you using Bollinger Bands, check those out if you're wanting to learn how to trade. I look forward to talking to you guys in the transparent traders group and for those who I talked to on Twitter

and if you have any questions, that will be the best place to contact me at so I appreciate you guys taking time to watch this video and I hope you enjoy this series.






Transparent Traders is a group that networks stock traders of all experience levels. We offer an 8 hour free stock trading course for those who are wanting to learn, or for those who want to take their trades to the next level. We are successful stock traders who believe in giving back to the trading community.



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Also be sure to check out our friends at Transparent Traders for more stock market and investing tips : https://www.transparenttraders.me


Added Colmex Pro | Tradenet as Brokers

2019-01-23

JakeOfSpades |

We have officially added Colmex Pro as a broker which is the broker of choice by Tradenet.




You can now import and track your trades if you trade with Colmex Pro / Tradenet / TEFS with the WeTrade Tracker






Let us know if you want us to add your brokerage, you can let us know at these places :


Link to FREE Facebook group: https://www.facebook.com/groups/WeTradeHQ/


Link to FREE WeTradeHQ chat: https://discord.gg/m6kbEr9


Link to FREE WeTradeHQ platform: https://www.wetradehq.com/


Or email us contact@wetradehq.com



Also be sure to check out our friends at Transparent Traders for more stock market and investing tips : https://www.transparenttraders.me


HOW to TRADE PENNY STOCKS using VOLUME

2019-01-23

JakeOfSpades |


Let me know what your thoughts are on this! Did you like this? Do you wanna see more? Leave some comments!


Link to FREE Facebook group: https://www.facebook.com/groups/WeTradeHQ


Link to FREE WeTradeHQ chat: https://discord.gg/m6kbEr9


Link to FREE WeTradeHQ platform: https://www.wetradehq.com/


Click here for access to my exclusive daily mentorship: https://www.wetradehq.com/mentor/B.Smith


***Make FASTER TRADES*** with direct market access using SpeedTrader! Get exclusive $2.95 comissions and $100 in free trades by clicking this link here: https://speedtrader.com/wetradehq/


Want to take your penny stock trading career to the next level? Invest in yourself and check out my affordable penny stock course!: https://www.wetradehq.com/course/Own-...


Are you a veteran or first responder? Receive 20% off all services from OWN THE CHAOS by emailing bsmith@wetradehq.com, for details on your discount.


Link to apparel store: https://wetradehqapparel.myshopify.com/


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DISCLAIMER: Please note that I do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only. If you have any questions, feel free to message me as I would love to be a part of your success.

What are Penny Stocks?

2019-01-21

JakeOfSpades |

What are Penny Stocks?


Penny stocks are usually not listed at the major stock exchanges like the NYSE or the NASDAQ because they don't meet the requirements to list. Stocks that are listed must have a minimum number of shareholders, minimum assets and file financial reports regularly. Big board NYSE and NASDAQ stocks undergo strong supervision from the SEC, (Securities and Exchange Commission).


For the most part penny stocks are usually traded on the OTCBB or on the Pink Sheets. The OTCBB (OTC Bulletin Board) is an electronic system for over-the-counter securities (stocks) that are not listed with one of the big board stock exchanges. The main requirement is that the companies file financial reports to the SEC. If not, the company will be removed from the OTCBB listing and the stock will be pushed to the Pink Sheets. The Pink Sheets activities are truly not supervised or regulated by the SEC, regardless of what they might want you to believe. SEC only gets involved with the Pink Sheets when one of their buddies call in for a favor (This will be discussed in a separate post).


If the company has less than $10 million in total assets or less than 500 shareholders in total then no filings must be completed.


Penny stocks are wide open to scams and manipulation. The stock price is usually far below $2 and market capitalization is very small. The lack of reporting requirements can make it difficult to find verified information about the company, its finances and their future outlook. When I’m trading the OTC Pink Sheets I’m looking at everything as a scam. Once I start to show gains of 20% I start to sell off shares until I at least cover my initial buy in. Then I am holding free shares to see where it might take me.


Many fraudsters (SCAM Master CEO’s) take advantage of this and publish misleading information to manipulate the stock price. Because of the lack of public interest and low number of shareholders the trading volume is generally low. This means that it doesn’t take many OTC traders to place buy or sell orders to have dramatic effect on the share price.


In my eyes the low liquidity is the biggest advantage of penny or micro-cap stocks. A big board listed stock almost never moves several hundred percent within a few days, whereas a penny stock can do that easily. 100 percent gainers happen daily trading the OTC Pink Sheets. The low stock price makes it very easy to acquire a large amount of shares with a small amount of cash.


The low stock prices and limited capital requirements often attract very novice traders but penny stocks are definitely a playing field for experienced investors only in my mind. Penny stocks are very high risk trades. Many companies won't probably succeed and go bankrupt. The shares will end up worthless.


Many penny stock companies have zero to limited working capital, assets or are in the developmental stages for years before any revenues can be expected. Trading penny stocks is a daily task, you cannot just buy and walk away.





WeTradeHQ is a free community of like-minded traders and investors, come join us at www.wetradehq.com


Join our Facebook Group : https://www.facebook.com/groups/WeTradeHQ


Join our Discord live chat : https://discord.io/wetradehq


Check out our friends at Transparent Traders for more stock market and investing tips : https://www.transparenttraders.me

WeTradeHQ and 2019

2019-01-02

JakeOfSpades |

We are SO excited for 2019,

here is what we are working on 😄



New Friends

We have made some new friends as we strive to build long lasting relationships and provide win-win partnerships for everyone involved.

First, we would like to introduce everyone to The Profit Room (@theprofitroom). Led by Latoya and Ernest, two expert trades, teaching the ins and out of technical analysis to take your trading to the next level!



Join us for a free Youtube livestream today January 2nd 2019 @7:30pm EST with The Profit Room to learn more!

Watch HERE

Come and check it out, learn their story and ask questions about the big board stockmarket!

In addition, we have also wanted to introduce our newest trading partner SpeedTrader. Want lower commissions and 1 month of free trades? Well, we have the perfect deal for you!



Get $2.95 per-trade or $0.0039 per-share commissions

AND $100/1 Month of FREE Trades using this LINK


Why SpeedTrader?


SpeedTrader is a direct market broker, and the benefit to this is quicker fills on orders which as you know can be a big difference maker when making entries and exits on a position. Be on the lookout for more information regarding SpeedTrader very soon!

Lastly, we have a ton of updates for WeTradeHQ and we can't wait to share all of them with you! Stay tuned!

Thank you for making 2018 a great year for WeTradeHQ! Happy New Year let's make 2019 the best year of our lives!



Our mailing address is:

contact@wetradehq.com


 




Who Am I?

2018-12-10

Jmason |

Who Am I?

BY JAMES MASON



WeTradeHQ members,


It is with great pleasure to be able to write as a guest blogger here! Thank you, Brad & Jake, for making it happen.


So a little about me, my name is James Mason… but you already know that from the “BY JAMES MASON” under the title… Ugh, I always make these things awkward. ?


A little about my background in both my life and in trading. As dumb as this sounds, I got started trading stocks by mistake. I started trading in 2012, I always had an interest in trading stocks, but I didn’t have a clue about them. I just wanted to make bank and have so much money that I could waste it. What better way to do that than the stock market, right? Wrong! Lol.


Overall my professional career was being a firefighter before I was trading full time. I worked for municipalities, oil & gas companies, and the government. In 2012 I was working at McMurdo station, Antarctica. Yes, the bottom of the world. Two quick facts about that place, there are not Polar bears so don’t believe that when someone yells that out, and penguins love Cheetos… but I officially wouldn’t know that because it goes against the “Antarctic Treaty” for messing with the wildlife.


One day my firefighter buddy, Brandon.  He approached me and said, “Hey Mason, do you want to learn how to trade stocks?” Of course, I told him that I was. He asked me, and I just knew in my mind that he knew what he was talking about. So, we get on our computers, he is telling me stuff and I was clicking on all sorts of websites. I was ready to make money, and It was going to be easy since I was going to read the news to know what to trade… HA!


Our plan was to start with $200 and grow those accounts. So, I funded my account. The next trading day I didn’t have a clue what to trade. I asked my buddy what he was going to trade. He said “I’m from California and I know that this startup company will boom” (The company had something to do with growing pot) In my mind I was like “Yes, this makes sense.”…. HA!


It took less than a week before I lost my money. I said to my friend “Brandon, I’m never listening to you for stock advice again.” He laughed and said “Mason, why would you listen to me? I don’t know anything about stocks. I just wanted to try and make money”. I wanted to punch him. I asked him how much he lost, he said “well I bought 100K of that stock and lost around 99K of it”. I say “What do you mean 100K, we said $200”. His reply was “It’s just fake money” …. That was the moment I realized he was an idiot, but I was the bigger one for listening to another person and not doing research on anything. It was also the day I learned that you could paper trade.


I spent the next two years paper trading for the most part. Every time I started watching a short YouTube video on a simple way to make money trading… and then I would trade real money, it never worked.  For two years I studied and watched different things in an attempt to learn. I finally came up with what worked for me which happen to be momentum trading penny stocks. 


I finally got to the point to where I wasn’t losing money paper trading anymore. So, I added money on what was left in my live account. My strategy would work, I would make money and then get the genius idea to become a Millionaire by investing my entire account into a crappy penny stock company that was supposed to be the next big thing. We all know the end to that story!


After being dumb and going against what I knew that worked for me. I finally started listening to myself again and broke even on my account. 2015 was when I started having decent gains with minimal losses. 2016 was kind of a breakout year for me and that carried over into 2017. In 2017 I grew one of my accounts to my goal without taking or adding any money to it. Even though I was in Iraq working for the government, I was trading full time over there. 2018 and back stateside, I more than doubled my account from my goal. After moving money between accounts, I decided to go PDT.


For most of this year (2018) I traded shares until a friend who I met on Twitter started converting my trades to what I would have made if I was trading Options. I already have a strategy that I know works, I just had to learn Options. So, I studied again on my own and researched Options. I used the TOS “OnDemand” feature to get the feel which was subpar at best, but I had to learn how Option premiums moved. I also just decided to keep it simple since I mostly day trade and I’m watching my trades the entire session.


Options have been the greatest thing to happen for me. In a lot of ways, it was like trading penny stocks again. It’s hard to explain, it just gives this certain feel. Though trading Options are great and can come with great profits. They also come with great losses if you’re wrong.


So that’s how I started trading and where I’m at in my trading career for a short and simplified version of the story. I have a lot of knowledge to share and a lot more of “What not to do” as well. Lol.


I hope to be of help with my ideas here. If you have any questions, please reach out!


Thank you for reading!

The 3 Pillars of WeTradeHQ

2018-12-03

JakeOfSpades |

I wanted to talk today about why we created WeTradeHQ and discussing what we call the 3 Pillars that WeTradeHQ was founded on, so here it goes.





To be honest I found a lot of financial websites were hard to read and digest, thousands of stock prices, financials and indicators all over the place. Popups, bloated ads to add to that just wasn't what I liked.


Most investor community driven platforms were just ancient on how they worked and I knew I could do better. So I made WeTradeHQ to combat that, I wanted to make it easy to search a stock or cryptocurrency and get the data I need quickly. I also wanted to be able to talk about a specific ticker with other traders in real time so I made that work too.


Obviously WeTradeHQ has evolved to great lengths from that. We have guides, courses, mentors, tools like the WeTrade tracker and so many additional features to count plus many more new ones on the horizon.




Anyways that's my little spiel, to finish things off I wanted to talk about the 3 Pillars of WeTradeHQ which are Data Integrity, Community and Education.




Data Integrity


Getting the latest price or float of a ticker is crucial, let's face in this industry we need to get the most recent data (up to the second) to help us make a trade. We want to make sure that data is truthful, if it's off we feel lied too or left out of the proper information. WeTradeHQ will always provide the latest data to the best of our ability, in addition we will make sure it's accurate for you by using the best suppliers for our data. Shoutout to IEX as we use their services to provide real-time stock data for you for free and another shoutout to CoinCap for awesome cryptocurrency data.


Community


No people to talk to or meet is boring, we strive to connect like minded traders with our free to use platform and forum. WeTradeHQ will ensure that you as a trader can meet thousands maybe millions of other traders to share your strategies with for free, always. For a jumpstart check out our Discord and Facebook group @WeTradeHQ.



Education


Trading stocks, forex, crypto whatever it maybe is hard, like really hard. We want to open our doors so successful traders can teach others their strategies, we want to be that road to connects you to where you want to be. Lastly, any educational content we provide is heavily criticized and audited by myself and Brad to make sure it's of quality and honesty.




Thanks for reading, I have been wanting to get this off my chest for a while. Have a great day.








Happy Thanksgiving from WeTradeHQ

2018-11-22

Should You Trade Weed Stocks?

2018-11-13

WeTradeHQ

One of the hottest topics is weed stocks and everyone wants to know how the cannabis industry will react. The hype behind the weed industry at an all-time high. This isn't an excuse to throw out all of your due diligence out of the window. My greatest advice as we navigate the evaluation weed stocks would be to STICK TO THE PLAN. Don't allow your emotions to cloud your judgement and cut corners with your due diligence.


It's so easy to fall into the trap of following the crowd and taking the hype and making a reactionary decision. So, here's what I want you to do, take a step back. Create a plan, look and do your own due diligence and have your fundamentals in place. Make sure you have a solid entry. Once you a identify a solid entry, before you buy into the stock, remember to have your exit in place.


Above all I want you to remember to treat these stocks like you would treat any other stocks when doing your due diligence. Look at the indicators, identify catalysts and determine your play. Although weed stocks are seemingly sexy, you must not fall victim to the reactionary tendencies many people may have that clouds judgement and may lead to heartache and pain.


If you aren't part of the community, feel free to visit WeTradeHQ.com and check out our community.

The Best Place to Learn How to Trade

2018-11-13

WeTradeHQ

Admittedly, I may be biased, but I truly believe that WeTradeHQ is the best place to trade. Our community is something I truly believe in. It is a community where you can learn how to trade not only over-the-counter stocks like I do, but everything under the sun. In addition to our rapidly growing community, we offer tools, courses and mentorships to provide a comprehensive resource center for all your needs as you become a better trader no matter where you trade. WeTradeHQ is going to be that central hub for you where you can communicate with folks. The community is more than ticker symbols and dollar signs; the people in our community actually care.


In addition to our community of members who offer support and feedback, WeTradeHQ offers mentorships with mentors who have had success in the markets and who can offer insight into their strategies, which will allow you to develop your own. Different mentors may have different perspectives or strategies and this will allow you to assess what resonates with you.


The community we are creating is to support each and help us all make money in this industry. We all have different styles and strategies that work for us. Our community allows like minded people to come together and learn from each other as we grow removing ego from the equation. We celebrate our wins and learn from our losses together. This isn't a zero sum game; we can all benefit from each other and have success.


Look around WeTradeHQ.com to learn more about the community and the learning platform.

Don't Force A Trade

2018-11-13

WeTradeHQ

There is one mistake that every beginner trader makes, which is they force trades when there is no trade to make. As a trader of OTC stocks, we crave action. Even the most seasoned traders fall victim to this common mistake. So how do we fall susceptible to this mistake?


Sometimes the best trade is no trade at all. Easy for me to say, but follow along. When there are no plays to be made, we end up lowering our standards. We start manipulating data and news to convince ourselves to make a buy to satisfy our need for action. But we MUST resist! The worst thing we can do is lower our standards when doing our due diligence or try and play on a catalyst that isn't really isn't a catalyst.


Now, yes, you may get lucky and catch a break when you deviate from strategy and force trades, but over the long haul, when you lower your standards and force the issue, YOU WILL LOSE!


While, yes it is true that you can make money on the stock market on any given day, it's important to remember that sometimes the best play is no play at all.


Trust what you've learned and the strategy you have in place and plead to you to not fall in the trap of lowering your standards because tomorrow will be a new day with new opportunities.

Welcome to the Official WeTradeHQ Blog

2018-11-08

JakeOfSpades |

Just thought I'd give a little intro to our very first blog post! I am so excited to start this blog, we have so much content lined up to push out.



In our blog we will posting a massive variety of content ranging from current market news, tips and tricks, trading recaps, interviews and some WeTradeHQ history as well. We feel this blog will help connect with our traders so much better and want to provide as much free value as possible to help you become the best investor possible. We are aiming for 1 blog post a week, i think we should be able to manage that. See you at the market bell :)