Browsing Tag: Stocks

    Trade Foreign Stocks
    Articles, Blog

    Trade Foreign Stocks

    August 22, 2019


    Trade Foreign Stocks By www.ProfitableTradingTips.com There are many times when foreign stock markets
    offer more opportunity for profits than markets in the USA. But how do you trade foreign stocks?
    If you are fluent in Portuguese you could convert dollars to Brazilian reals and trade
    on the Ibovespa. Or you could learn Spanish and convert dollars to pesos and trade on
    the Mexbol in Mexico. Or you could trade foreign stocks by just staying home and trading American
    Depository Receipts of foreign stocks. What Is an American Depository Receipt? According to Investopedia an American depository
    receipt or ADR is: A negotiable certificate issued by a U.S.
    bank representing a specified number of shares (or one share) in a foreign stock that is
    traded on a U.S. exchange. ADRs are denominated in U.S. dollars, with the underlying security
    held by a U.S. financial institution overseas. ADRs help to reduce administration and duty
    costs that would otherwise be levied on each transaction.
    When you trade foreign stocks via an ADR you can buy and sell denominated in US dollars.
    American depository receipts are available on the NYSE, NASDAQ and AMEX as well as over
    the counter. Where Are the Profits Most Likely? Third world markets took a hit after the 2008
    market crash and subsequent recession. And they are likely to rebound in fits and starts
    as the world economy heals itself. There are good opportunities for long term investment
    in the ruins of the worst recession in three quarters of a century and there will be stocks
    that show promise but fail to meet expectations. The beauty of trading stocks is that the trader
    can profit if the stock goes up and if it goes down. The BRICS nations seemed ready
    to rise to the first rank economically until the recession hit. Now Brazil, Russia, India,
    China and South Africa are all having problems, which means opportunity for anyone who wishes
    to trade foreign stocks. If you are going to trade foreign stocks you will need to study
    them. As an example, if you want to trade stocks from India you may want to read moneycontrol.com,
    which include Indian stock market recommendations. For example, Sanjay Dutt of Quantum Securities
    is quoted as saying that: The rally in midcaps is not over yet, despite
    the sharp correction. Dutt says he is incrementally positive on the market and sees the major
    benchmarks retesting their recent highs. Picking Markets and Picking Stocks to Trade Volatile markets tend to be profitable markets
    if traded properly. However, if you trade foreign stocks you need to trade stocks and
    not markets. And the stocks should be level I or II ADRS. These American depository receipts
    are subject to the same disclosure requirements as American stocks listed on the American
    stock exchanges. An all too familiar problem when you trade foreign stocks is that many
    foreign markets are far from transparent. Thus you can get blindsided all too easily.
    This is less likely to happen with the highest level ADRs as these companies are subject
    to the same SEC rules of disclosure as other stocks on the NYSE, NASDAQ or AMEX. If you
    want to forego learning Portuguese and still trade Brazilian stocks take a look at TopForeignStocks.com
    for a full list of Brazilian ADRs. The Full List of Brazilian ADRs: The Brazilian
    ADRs trading on the US Exchanges as of Jan, 2014 are listed below: The list includes 90 Brazilian stocks trading
    as ADRs. For more insights and useful information about
    trading stocks, options, futures or Forex, visit www.ProfitableTradingTips.com.

    Top 5 Stock Trading Books You Must Read
    Articles, Blog

    Top 5 Stock Trading Books You Must Read

    August 22, 2019


    – To be successful in trading, you need to absorb as much
    information as you can and take advantage of
    every educational resource. I think books are a great way to hone your skills and improve, and in today’s video,
    we’re gonna talk about my top five favorite
    trading-related books. (upbeat rock music) Hey, everyone, lead
    trainer with StocksToTrade, Tim Bohen, here. Gonna talk to you about my top
    five favorite trading books. I think books are a great way to really build your skills, grow over time, take advantage
    of that dead time, you know. Everybody has time where they’re waiting at the doctor’s office. They’re waiting for the Uber. They’re waiting for an airplane. They’re sitting on an airplane. Maybe waiting for that next class or commuting, whatever. Take advantage of that dead time. To really get better, you’re gonna have to maximize your time, and books are a great way to do that. My first favorite trading book, and it is my all-time favorite, is The Daily Trading Coach
    by Brett Steenbarger. One of the reasons I love it so much is number one, the content is great. Brett Steenbarger is a
    trading psychologist, really sharp guy, and the book is very well-written, but the best part is especially if you’re not
    necessarily an avid reader, what’s great about The
    Daily Trading Coach is it’s 101 chapters. All of them are probably
    five-minute reads, some less, maybe some a few minutes more. Even if you’re not a person that likes to read for hours a day, you can grab that book, again, while you’re sitting
    there waiting for a ride, waiting for the next appointment, and you can read one of these lessons. I think it’s probably the
    best trading book out there. Oddly enough, I had it on my Kindle, and Amazon would not let me
    highlight any more passages as I read that book. It maxed me out with
    the number of passages. So, definitely check it out. It’s one of the great ones, and read a lesson each day, and just keep repeating. My second favorite
    trading-related book is a, it’s a great book because it’s historic. The ending is a little sad, but it’s pretty wild to read and realize that something 80, maybe even 90 or 100 years ago still works today in 2018, and that is trading
    these fast-moving stocks. So, Reminiscences of a Stock Operator is a story of Jesse Livermore. He was a, probably the most
    successful momentum trader ever. I think again, it was in
    the early 20th century. He made millions, lost millions, ultimately ended up committing suicide. That’s the sad part of the story, but the great part about it is he tells his journey
    through the bucket shops and really details what we do today. He would locate hot trends, you know, whether that be in cotton or grains, I mean some of these commodities that we necessarily don’t trade, well, they are still traded today, but in momentum lane, we don’t trade them, but the charts are there. The patterns are there. He would recognize hot sectors. I certainly believe if Jesse
    Livermore was around today, he’d be trading cannabis stocks. He’d be trading cryptocurrencies because he had his ear to the ground and knew what was hot, and it’s just really neat to see from a historical standpoint. Great book. You might not learn trading techniques, but it gives you great in-depth into the mind of a momentum stock trader. The third favorite book of
    mine is by Michael Covel. He’s a friend of mine. It’s Trend Following. This is a book that
    really helps and shapes a lot of my swing trading-type style. When I talk about swing trading, it’s more trading over multiple days and multiple weeks. Be sure to check out our other videos. We kind of talk about the difference between day trading and
    swing trading a lot, but it’s really that different mindset of instead of trying to be
    in and out the same day, you’re holding stocks
    multiple days, weeks, maybe months, or even years, and what Michael Covel
    talks about in this book is isolating those charts. It’s a great charting book, you know, if you’re looking, you know, if people talk about looking at charts, and you’re like, “Well,
    how do I read a chart?” It’s a great way to get started there and learn that knowledge. You know, the common mistake
    a lot of new traders make is they’re out too early. They take profits too early. You know, the old adage is, you know, the biggest mistake a lot
    of new traders make is they let their losses run, and they cut their profits early. Sounds funny, you know, you might think, “Who
    would let their losses run “and take profits too quickly?” I see it every day in day trading land and swing trading land. People let their losses grow, grow, grow, and the instant they see
    green, they take profits, and Trend Following is a great book to get you in that mindset of as long as you’re green on a trade, let it work. If you’re red on a trade, cut that loss quickly,
    and you’ll be, you know, that’s the way to be
    maximize your success. Small losses, big wins. Trend Following’s one of my favorites. Also, check out TurtleTraders
    by Michael Covel as a bonus. My fourth favorite trading-related book is The Psychology of Trading
    by Brett Steenbarger again. For sure, check out Brett, Google him He’s got a great blog. All of his books are great. The Trading Psychology, as
    well as Trading Psychology 2.0, where he did an updated version, it’s another one of those books where especially if you’ve got
    a little bit of experience. I recommend these books if
    you’ve been trading a while. I’m sure you could read
    them if you’re totally new, but when you’re really new, you’ve kind of gotta make the mistakes. It’s kind of like a baby learning to walk, and you realize when you run into things, you make these mistakes, and then you see that baby kind of learn from those mistakes, Trading Psychology reminds me of that, where as I was reading it, I’m like, “Oh, I’ve done that.” “Oh, I’ve done that.” And then he talks about
    solutions to those problems, so again, I say buy it
    today, both of them. They’re both great. Trading Psychology 2.0
    was the updated version, but for sure, if you’re a couple months or a couple years into this journey, and you’ve never read it, check it out, and you’ll be amazed at how it’s almost like as I read it, I’m like, “He wrote this book for me.” And I have a feeling a lot of traders ’cause again, trading is
    a business of mistakes. It’s a lot like baseball. You strike out a lot in trading, and there’s so many lessons in this book that can potentially be a-ha-type moments. The fifth book I think
    every day trader should have and swing trader, for that fact, is Japanese Candlestick
    Charting Techniques by Steve Nison. It is a, I would call it a little more of a textbook-y type book. Daily Trading Coach, very
    easy, very quick read, bite-size chapters. Japanese Candlestick Charting
    Techniques is a little dense. I consider it more of
    like a reference material, but I really think you should have it to recognize these chart patterns, to understand candlesticks. If you’re new to trading, you might be like, “Candlesticks. “What’s he talking about?” Those are the charts, the types of charts we look
    at as short-term traders. We don’t look at the
    traditional line chart you might see in the
    newspaper or something because we’re trading volatility. Candlesticks charts show
    you the high of the day, the low of the day,
    how far the stock went, where it opened, where it closed. It’s amazing the amount of information you can garner from a candlestick chart. Seasoned veterans like
    me and other day traders can look at a candlestick chart and instantly recognize
    that’s a bullish pattern. That’s a bearish pattern. That stock’s breaking out. That stock’s breaking down. It’s consolidating. So, it is a dense read. It is kind of expensive. Last I checked, it might
    be $70, $80 on Amazon, but I think it’s a reference material that needs to be on your shelf, accessible to pull out
    when you need a reference. And then as a bonus, I know it’s the top five favorite books, but the sixth favorite, as a bonus, is American Hedge Fund by Timothy Sykes. You know, I look back at my history, if you’ve read some of where my journey in trading, I was always interested in finance, literally since elementary school. Never made any money until I found Tim Sykes’ American Hedge Fund on Amazon roughly right when it
    came out about 2007, 2008. That’s when I discovered day trading these low-price stocks. That’s when I discovered short selling. I didn’t think you could even
    short sell low-price stocks until I read Tim’s book, and it’s an amazing journey. Tim’s got a pretty crazy story. This book details his starting out with $12,000 in high school, turning that into $1.65 million, trading on a boat back in the early 2000s when the internet access was
    nothing like it is today. He was traveling the world. He was still successful, and primarily shorting
    these low-price stocks. So, definitely check it out. It’s a great read. It’s a fun read, and it’s a great deal. The American Hedge Fund by Timothy Sykes. Thanks for watching our video. Be sure to comment below with any trading-related question. We love answering your questions. Also, like and share with your friends, and be sure to subscribe to be notified as soon
    as our next video hits, and if you’re looking to
    expand your trading knowledge, don’t forget to check out
    all of our other videos, and be sure to click the trial below. Check out StocksToTrade. I think it is one of the best, most rapidly advancing
    softwares out there. Be sure to check out our trial. (upbeat music)

    Trading Foreign Stocks
    Articles, Blog

    Trading Foreign Stocks

    August 20, 2019


    Trading Foreign Stocks By www.ProfitableTradingTips.com What is the point of trading foreign stocks
    when there are plenty of US stocks to trade on the NYSE or NASDAQ? Trading foreign stocks
    in Asia can put traders where the growth is. Trading foreign stocks in Europe can put traders
    in situations of high market volatility and potential profits as the European debt crisis
    threatens a wave of sovereign debt defaults and a plummeting Euro. Sorting out who the
    winners will be and who will be the losers in trading foreign stocks, as usual, will
    take both fundamental and technical analysis of individual stocks and broader market trends.
    Trading foreign stocks does not require trading on a foreign stock exchange. Many foreign
    stocks trade in the USA as American Depository Receipts. Level II and III ADR’s require supervision
    by the SEC and, thus, have similar reporting requirement to US companies. Thus, a trader
    will have solid numbers on which to base his estimate of the stock’s margin of safety and
    intrinsic stock value. Trading on the NYSE or NASDAQ these stocks can be profitably followed
    with technical analysis tools such as Candlestick stock charts. Steps for Trading Foreign Stocks Trading foreign stocks, like all stock trading,
    profits those who find and use the appropriate data for trading, learn a stock’s fundamentals
    and closely follow stock price patterns with Candlestick analysis. The Eurozone’s economy
    is equal to or slightly larger than that of the USA. China’s is still substantially smaller
    than that of the USA or the EU but is growing at nearly ten percent a year. Both economies
    have many large company stocks that trade in the USA as ADR’s. To trade these stocks
    a trader will commonly develop a trading strategy. For example, a potentially viable strategy
    in China might be to simply look for growth stocks. In Europe, on the other hand, a trader
    may choose to look for stock volatility or stocks that gradually become cheaper as the
    Euro falls. If companies in Europe, such as Siemens, have substantial sales outside of
    the Euro Zone they may continue to have a strong balance sheet even if the Euro falls.
    Thus a trader could look for a stock in the Euro Zone with a high price to earnings ratio.
    He could follow via Candlestick patterns as well as quarterly reports and news about the
    Euro. In the periods of market inefficiency that follow changes in fundamentals, such
    as a debt default in Greece or Italy, he could profitably buy stock, sell stock, sell short,
    or profit from buying options as Candlestick signals indicate. American Depository Receipts Getting accurate and up to date stock information
    is often a problem when trading foreign stocks on a foreign stock exchange. Here is where
    American Depository Receipts are useful. The level II and III ADR’s are regulated by the
    Securities and Exchange Commission and must provide periodic and accurate reports of their
    financial condition and plans. Because these foreign stocks trade as US stocks do on the
    NYSE or NASDAQ they are readily tradable during US business hours. Using Candlestick pattern
    formations and Candlestick trading strategies a US trader can trade European or Asian stocks
    and take advantage of the growth and volatility that often leads to trading profits. For more insights and useful information about
    trading stocks, options, futures or Forex, visit www.ProfitableTradingTips.com.

    Virtual Trade Season 1, Episode 2: Buying and Selling Stocks
    Articles, Blog

    Virtual Trade Season 1, Episode 2: Buying and Selling Stocks

    August 14, 2019


    Buying and selling stocks step 1 buy low
    step 2 sell high seems pretty simple right but what if you are a short-term
    trader or a long-term investor how does your investing identity help determine
    your game plan i’m Scott Connor a 30 year veteran
    trader and today i’ll be going over the basics of buying and selling stocks
    right here on virtual trade welcome to virtual trade in this episode we’re
    dissecting the differences between short-term traders and long-term
    investors later on we’ll walk through the order entry tools on thinkorswim and
    we’ll wrap up with new trader Jenny Horne building her first stock portfolio in
    paper-money when we think about the stock market there’s typically two
    mindsets one the long term investor and second the shorter term trader let’s
    focus in on what you might think about a short term trader
    oftentimes the image that comes to mind is a trader standing on a trading floor
    buying and selling back and forth trying to buy low and sell high several times
    throughout the day they’re trying to take advantage of short term market
    moves now on the other hand let’s look at a long-term investor who actually
    spends a lot of his time doing research on companies studying fundamentals and
    putting together a long term portfolio that he hopes to hold through his entire
    life and through his retirement as well now he’s spending a lot more time
    looking at these things but his hope is that his portfolio will appreciate in
    time and that he will be able to collect dividends all through his retirement to
    supplement his income now these two examples might be a little bit extreme
    but again ask yourself am i a trader or an investor when we’re looking at the difference
    between long-term investing and short-term trading I thought I’d take
    you back to a picture of my old office this is when I was a member of the
    Chicago Board of Options Exchange standing in a giant trading pit making
    hundreds of trades every day now obviously I had a very short time frame
    and was looking to take advantage of any kind of fluctuation or market move
    during the day now the focus here of course is you have to be on your toes
    and follow the markets very closely now is that for everyone obviously not it’s
    not most people start off as long-term investors and then perhaps start
    learning more about trading but what I wanted to point out is even during this
    period when I was trading actively on the trading floor I still had a long
    term portfolio so essentially I was a day trader during the day but also had a
    long term portfolio with a look towards retirement and building equity that way
    once I left the trading floor I joined our education team and had the
    opportunity to present in front of all of our different clients at TD
    Ameritrade how to learn to do both let’s take a look now at the importance of
    timing for traders let’s dissect how traders look at time frame activity and
    risk traders typically look at the market as a place to seek quick
    short-term gains their goal is to figure out how to get in and get out of a trade
    with maximum profits so that they can do it all over again
    this do it all over again attitude typically results in traders having a
    shorter time horizon for buying and holding stocks compared to investors
    second traders activity levels are different activity means trading and a
    trader needs to know when to get in and get out of a trade for many traders this
    means analyzing price charts and other signals to know when to get on and off
    of a stock’s price ride reading charts to know when to buy and sell a stock is
    often called technical analysis finally there’s risk when it comes to risk
    traders often see risk in light of the probability of success of the particular
    trade traders often use stop-loss orders or exit points and price targets to
    create trades that have defined risk which helps them calculate the
    probability of success traders deal in shorter term timeframes
    some traders rely on charting for entry and exit points and traders focus on
    probabilities to help determine strategy now that we’ve explored the trader
    perspective let’s take a look at how long-term investor approaches the market because investors want to generate
    earnings from the appreciation of the investment and from dividends their
    timeframe may be considerably longer than that of traders in fact investors
    may simply buy a stock and hold it indefinitely with no plans to sell based
    on time just like traders investors have some means to determine when to enter an
    investment often this decision is based on a company’s overall health which is
    determined by looking at its quarterly earnings report and balance sheets
    income statements and financial reports but unlike traders investors typically
    don’t have a specific plan to exit the stock at a particular price for
    investors risk management is a function of picking the correct investment in the
    first place price fluctuations are simply an
    acceptable part of a stocks life and if the stock price does drop investors tend
    to believe that it will go back up over the long haul the amount of activity
    that investors engage in is generally much less frequent than that of traders
    and is often confined to simply adding new stocks to a portfolio over time so
    to wrap up today’s trade lab there are a number of characteristics that can
    define a trader or an investor knowing which characteristics fits your
    situation and overall goals is important however there’s no reason you can’t be
    both sometimes traders are investors and investors are traders welcome back it’s
    time for tools of the trade every day we look at various tools
    within TD Ameritrade thinkorswim and mobile trader today’s tool placing
    market and limit orders on thinkorswim but we’re gonna be looking at different
    ways to actually buy stock on the thinkorswim platform and main thing
    we’ll be looking at is a difference between what we call limit and market
    orders the two most popular order types when people are purchasing or selling
    shares so well the best way to do is take the next step let’s jump right in
    and thinkorswim software and go to the trade tab and see exactly how this works
    we’re on the trade tab we actually have a stock in the symbol box already so
    we’re all set to go there you can see underneath where it says underlying
    before we start to see the information on that particular stock that we’re
    looking at what we’re concerned here is the bid in the ask price because that’s
    where we’ll be executing our order in our case let’s start off with buying a
    hundred shares and what we’ll do is we’ll look at what’s called a market
    order now how do we instigate or start any kind of buy order on the fingers
    wrong something very simple one click on the ask price so let’s go ahead and left
    click on the ask price and you can see down below it immediately populates the
    order box or the already entry toolbox with a buy order so we’re all set on
    that but what we’re doing is we’re going to change our order type right at the
    top because we’re not going to be looking at what’s traditionally or
    default which is the limit order we’re gonna start with market order market or
    is very simple in the in the terms of how it executes market order simply
    means I want my stock order my buy order to go in the market and execute and
    purchase the exact number of shares that I gave to that order now what about
    price well market orders you’re not concerned about price as much because it
    you’re more concerned about getting an immediate fill so in other words by my
    stock I’m not as much concerned about the fill I want to make sure I get my
    order all right so let’s walk through the from left to right and see exactly
    how this order is filled out of course it is stock that’s absolutely true it is
    a buy order that’s absolutely true if we wanted to switch that we could go to
    sell but we’ll stay with buy for right now now the next thing is quantity you
    have several choices here by default the fingers from software will put in the
    number of shares now I set my default to 100 shares you can set your default to
    whatever you’d like by going to the setup and application settings if you
    want that to only be 10 no problem let’s look at a couple other choices what if I
    didn’t want to use shares let’s say I want to use a certain allocation of my
    portfolio for this particular trade well click on the little symbol to the left
    and you can see portion of my portfolio do you want to
    use maybe only 10% so maybe I’ll move this down say listen I only use 10% of
    my allocation to this particular purchase and of course the software will
    figure out how many shares that is what if I wanted to use a dollar amount and
    say well for example I’ll say I want to buy five hundred dollars worth of this
    stock I’m not sure how many shares that is don’t worry if the thinkorswim
    software will do that for you it will purchase the number of shares that
    correspond with whatever that amount is let’s say five hundred dollars what
    we’re gonna do is just go back to the default setting of one hundred shares
    and leave it as that let’s move to the right of course our symbol is already in
    we’ve confirmed that yes it is stock now let’s move over to price which we
    already know is market but just to reiterate market mine price means buy it
    now at whatever price is in the market place now typically I say typically that
    will be the offer price but if the markets moving quite a bit by the time
    our goes in that market price might actually be higher and we could get
    filled at that higher price think of about being in a restaurant ordering off
    the menu where it says lobster market price well you’ll get your Lobster you
    just might not find out what the price is till till the end of the meal so
    let’s keep going to the right we’ve already chosen market but what are some
    of the other choices here well you can see market and limit that’s what we’re
    focusing on most orders fall in that there are a few others that we can look
    at at a later date now what about the time in force that’s TI f and the drop
    down the main two categories there are day and GTC good tell cancel now since
    we’re a market order as you’re probably thinking well the market order is not
    going to stay in very long because it’s immediately going to get filled whatever
    that price is and you’re absolutely right marketers are always day orders
    they’re get filled instantaneously normally during normal market hours and
    of course under normal market conditions that’s pretty much it as far as this
    goes now once we have this set up the next step confirm and send because this
    is the box where we review our order before it actually goes out to the
    market so let’s review real quick on our order confirmation it says buy 100
    shares of our stock and right now it says market so we’re not concerned about
    the price we just want to get our 100 shares and if this is exactly right and
    everything matches up our next step is just to click send and that puts it
    right out to the marketplace and where you can potentially get
    filled right away now if you get to this point you decide wait a minute there’s
    something I want to change look perhaps quantity or anything else just click
    Edit it’ll take you right back to the previous step where you can go ahead and
    make any changes you’d like I’m gonna go ahead and delete this one now and let’s
    look at the second order type which is the limit order now this is obviously
    the most popular order type that you’ll see because it guarantees your price or
    better follow me on how this works let’s go back to look at the ass price move
    our cursor over the ass price left click one time and of course that creates a
    buy order and as you can see it says buy stock yep a hundred shares that’s
    correct and you can see over here it is a limit by default now what does limit
    mean well let’s let’s look at this limit means that you or your order will get
    filled only at your limit price or better you can’t pay higher than your
    limit price and that’s the beauty of the limit order so for example let’s say you
    wanted to buy the stock not where it’s trading right now but maybe a little bit
    lower maybe 50 cents or a dollar lower only if the stock comes down to a
    certain price well that’s where you would set your limit and then if the
    stock were to come down to your limit price you would get filled at that limit
    price or better but you wouldn’t be paying a penny more than your limit
    price so everything else is the same as we looked at market order we have the
    stock exactly right we have price and we have limit now we have some options on
    the price we don’t have to use the current price well once we put in the
    stock it will give you the current ask price on the stock you can see right
    here but let’s say like our example we want to buy the stock a little bit lower
    instead of 9702 let’s say we want to buy it at ninety six ninety all right so if
    the stock were to get down to our price of eighty ninety six ninety that’s where
    we’d like to purchase the stock and again you can put in any price you’d
    like underneath the current price to do that limit order and of course day now
    what if we didn’t really mind if we got filled today or tomorrow or maybe even
    next week we just want to get our price well then we’d switch to GTC that means
    good till cancel the order will stay in until it either gets filled or you
    cancel it but it will wait until the stock gets down to your price before it
    will they ever get filled all right so that’s a very important component of
    this this particular trade limit again our price
    is important and if we choose a lower price than the current market price and
    we want to give it time to get filled perhaps a day or a week then make sure
    we change it to good tell cancel now that good to cancel or will stay in
    almost up to six months before it’s cancelled in which point you would go
    back and put that order in again let’s go to the final step confirm and
    send take a quick look at this one our order description by a hundred shares of
    the our stock at our price you can see we put in our price and of course GTC
    good tell cancel and if this order doesn’t get filled today that order will
    be working tomorrow and of course the next day hopefully until the stock comes
    down to our price and again if we want to change anything if we want to send it
    out go ahead if we want to delete it we can do that or change anything by
    hitting edit all right well that gives us a great idea on two of the most
    popular ways to buy stock on the thinkorswim platform the limit order and
    the market or remember limit means buying the stock it your price or better
    market means buying the stock right now I’m not as concerned about the price I
    just want to get filled as quickly as possible alright well that wraps it up
    for our Market & Order limits and don’t forget for more information on these
    tools and other great education visit the Education Center on TD Ameritrade
    com welcome back to virtual trade I’m joined
    today by our rookie trader Jenny horn Jenny welcome back thanks for having me
    again Scott great are you ready to take the next step I am I have a lot to learn
    I think okay Jenny last time we built your first watchlist today we’re going
    to start by building or actually buying some shares of those same stocks so you
    let’s get this whole process started yeah I’ve never bought a stock myself
    before so I’m nervous all right well let’s start from the very top which is
    what many people will be doing following we have about $100,000 portfolio now
    again this is paper money and we’re in the paper money trading platform but
    again the paper money will basically just be the same kind of steps we’ll be
    taking in the live account so this is great practice all right so we’re gonna
    do is we’re shootin dollars worth of stocks for each one of the different
    symbols okay so far so good yes alright great well let’s jump it in the software
    and see exactly how we would go ahead and do this we’re currently on the
    monitor tab I’m gonna of course move over to the trade tab and let’s go ahead
    and put in the symbol of our first stock e XC which was excellent that was the
    stock we picked in the utility sector and what we’re going to do now is go
    through the process of actually purchasing shares now as it turns out
    exelon is trading about $40 a share okay right and you’re seeing that where the
    last price yes under last price so that gives me currently now this is always
    gonna be different on different days but we’re just using where it is right now
    and if we take that stock that’s about $40 to share and we know we want to have
    $4,000 worth of those shares how many shares is that exactly 4,000 divided by
    40 the price per share and that tells us that’s about a hundred shares 100 times
    40 is 4,000 so our first one’s gonna be pretty easy let’s go through the process
    now remember to buy we move our mouse over the ask price and if you ever not
    quite sure look at the cursor the little word by pops up as soon as I move my
    mouse right over to the ask price now I’m gonna go ahead and left click on
    that one price one time down below you can see it says stock buy and it says by
    default 100 shares now it just so happens our defaults 100 shares em and
    we’re gonna be purchasing about a hundred shares of exelon so this
    works out great you can see the current price is just under $40 again this will
    be different from time to time when you’re putting a portfolio together now
    the final step of course is to click on confirm and send and Jenny I’m just
    gonna take one last look at this we’re buying about a hundred shares of exelon
    perfect if I look at the cost of this trades it’s thirty nine hundred well
    that’s pretty close to four thousand okay all right now I’m gonna go ahead
    and click send that’ll send the order out and you can see up here on the Left
    we just filled and you just bought your first hundred shares in your portfolio
    that’s scary how easy that was I think that’s a good thing actually right yes
    we want this process to be simple right well let’s let’s keep going with this
    and Jenny you kind of watch me through the walk through the first one let’s go
    to the next one which was Deere and company symbol de and I’ll let you go
    ahead and walk through the same process and let’s see how it goes well yeah
    first of all this talk is about a hundred and fifty five dollars a share
    four thousand divided by a hundred and fifty five about twenty five shares okay
    so we’ll just look at that as our target all right so there it is stock buy yes
    and I can see right now you’re already changing the quantity from a hundred
    down to twenty-five I am I do have a few questions Scotty because I understand
    the quantity but I’m not really sure what the order or the exchange means the
    others okay so when we get that let’s go ahead and put in our twenty five shares
    is that giving you the yes on the far end of the exchange you don’t have to
    really worry about worry about that because the thinkorswim software will
    send your stock to where the best offering price is and oftentimes that’s
    what’s reflected under the ask price okay
    okay so there we go 25 shares yep let’s confirm and send and we have about 25
    shares and you can see the cost of that trades about thirty-nine hundred so very
    close to four thousand again we’re not trying to be exact here just close
    enough is good for us so what are these other numbers here me that’s buying a
    power effect so how much of your account will be needed to hold that stock okay
    and again when you when your own stock there’s what’s called minimum margin
    requirements you have to have at least half of the value of that stock in your
    account to excuse me to hold that stock okay and then how about resulting buying
    power for stock and that’s how much is available in the account okay to
    purchase further to make further purchases of stock okay all right
    let’s I was gonna sit you up it’s in the right account so let’s go ahead and send
    that one out and you can see we are filled great so that’s number two that
    was easy so far so good right yes okay well let’s
    keep going with this I think each time you do one of the stocks and go through
    the process you really start to get to get a good feel for this our next one
    would be PNC so let’s go and put in that symbol and again that stock is also
    trading about a hundred and fifty dollars to share just right at this
    particular time so that would be about 25 shares as well okay let’s do the same
    thing so we’ll click on the ask price change that quantity to 25 oh I see what
    you’re doing now just back up to the plus sign 25
    let’s get confirm and send take a quick look yeah that’s about 3,700 dollars
    with a stock and again that’s close enough for us so let’s send that one out
    okay and see if we don’t get filled yes we’re filled right away we bought 25
    shares of PNC could this be easier no it could not so far
    great let’s keep going Johnson & Johnson symbol J & J okay this talks about right
    now about $125 a share that’s probably gonna give us about 30 shares but again
    let’s just be consistent well we’ll put another 25 shares in for there okay well
    keep we’ll use some round numbers hundreds 50s 25 that makes it pretty
    easy for us going forward okay so 25 shares of Johnson & Johnson
    okay now another question for you sir what is too open mean that’s in the well
    good question so on a transaction that we’re opening for the first time opening
    means this is a new transaction or a new trade that we’re opening for the first
    time okay you’ll find that once we buy these shares if we want to sell them at
    a later date we’ll be closing or taking that position away and that will be
    called a closing trade okay that means it’s no longer in your account opening
    trades brand-new trade first time we’re going from zero to actually 25 shares
    that’s exactly what I was going to okay okay listen buy this one okay all right
    we’re moving through this pretty quick let’s keep going could not be any
    simpler alright so after Johnson Johnson we talked about telefon care a telephone
    carrier verizon VZ was the symbol I remember
    okay now this stock obviously is a little bit lower in price somewhere
    around the $50 range so that’s gonna allow us to buy something closer to a
    hundred shares again okay somewhat similar that we did to X
    this is defaulting and we’re buying okay 100 shares no how come the price is
    adjustable like what if I wanted to increase the price or decrease the price
    if we wanted to buy it at a lower price we would we could put in that lower
    price and but we would not be able to buy that stock on that what’s called
    limit price so the stock actually got down there okay right now we’re just
    interested in building our portfolio and we’re willing to go ahead and pay the
    current market price which is what we’re doing right now the offer price what
    would the benefit be but lowering the price though the benefit would be to try
    to buy the stock at a lower price right right so why wouldn’t everyone do that
    it’s kind of like well the thing is what if the stock keeps going higher and it
    never comes down to your price never get you missed the boat you’re never able to
    make that investment so all right so let’s say we’re out for right now but
    that’s a great question for right now let’s we just want to build the
    portfolio so we’ll go ahead and just buy at current prices today okay all right
    that’s a great question all right Verizon now we have a couple left how
    about Activision a TVI right yes a TVI is the symbol we talked about the gaming
    company Activision Blizzard that’s about a $70 stock somewhere in that range
    so let’s round that to about 50 shares I think it really comes out to 55 or 56
    but let me get nice round at 50 shares confirm and send that one as well
    perfect send it out and filled again I think you’re getting pretty comfortable
    doing this I think I am – all right Exxon Exxon Mobil will you look at
    something in energy sector XOM enter this stock is currently trading let’s
    see again about 80 something dollars a share let’s see let’s do about 50 shares
    on this one as well just to keep things nice and round okay yep that’s fine yes
    you are well guess what we only have one left so
    let’s go ahead and get them all in Lululemon
    let’s put our last symbol lu lu lu lu lemon Athletica and the stock is trading
    about $100 shares so that’s about 40 shares will tell you what let’s round
    that one up to about 50 as well alright so 50 shares of
    Lululemon and firm and send okay see it’s a little bit more it’s closer to
    $5,000 worth but again that some others were lower so I think this will kind of
    come pretty close to our target right absolutely
    okay so we got through your whole watchlist yes we move that into an
    actual portfolio by purchasing the shares and now we’re gonna be able to
    not only just watch the stocks of the the price of the shares on a day-to-day
    basis in the watch list but let’s see we could now see how our portfolio is doing
    so where can I go check on all these trades all right so we’ll go back to the
    monitor page and I’m on our pages were able to see all of the different stocks
    you bought okay you can see the quantities in the next column and you
    can see the current price and the trade price that we can kind of see how we’re
    doing yeah they’re alphabetical and they’re alphabetical yeah in this and
    and of course if you want to see how we’re doing on the profits lost per day
    we just looked down here and if you want to see the profits and loss since we
    opened the position in this episode you’ll be able to keep a running total
    of how the portfolio’s good oh great well thanks Jenny how do you feel about
    today’s lessons I feel great I learned so much and I felt so much more
    confident by the end yep towards the end you look like a pro thank you listen
    don’t forget to watch this and previous episodes of virtual trade check out TD
    Ameritrade network.com well thanks Jenny and we’ll see you
    again next time thanks Scott trader
    versus investor remember it’s okay to be one or the other but consider being
    ultimately both because they can complement each other and keep
    practicing build a paper money portfolio of stocks and utilize the tools
    available to you to become a more confident trader and investor
    I’m Scott Conor and thanks for watching virtual trade

    All About Kim Jong-un – Supreme Leader of North Korea – 김정은
    Articles, Blog

    All About Kim Jong-un – Supreme Leader of North Korea – 김정은

    August 13, 2019


    Welcome to the Investors Trading Academy event
    of the week. Each week our staff of educators tries to introduce you to a person of interest
    in the financial world. This could be a person in government or banking or an important investors
    or trader, on just someone making the financial headlines in recent days.
    Much of the early life of Kim Jong-un is unknown to Western media. Presumably born in North
    Korea, Kim Jong-un is the son of Ko Young-hee, an opera singer, and Kim Jong-il, who was
    the military-oriented leader of the country for over a decade until his death in 2011.
    Kim Jong-un has continued the country’s nuclear testing and what is believed to be
    the development of missile technology despite international disapproval. He has pledged
    to focus on educational and economic reforms and is more mediagenic in his approach to
    leadership than his father. In the summer of 2012, it was revealed that
    Kim had taken a wife, Ri Sol-ju. While the couple’s exact wedding date is unknown, one
    source reported it as 2009. It has also been speculated that the couple have a child.
    North Korea’s controversial supreme leader Kim Jong-un has an estimated $5 billion at
    his disposal, according to the Huffington Post. The UN says this money should be spent
    on raising standards in this impoverished country and on its people but much of it isn’t.
    He reportedly spends an average $30 million each year on importing liquors into the country
    for his elite circles. His favorites are whisky and cognac, but not just any brands. He prefers
    the more expensive kinds such as Hennessy which can cost up to $2,145 for the best bottle.
    Kim spares no expense when it comes to his diet. He’s been known to order in top quality
    pork from Denmark, caviar delivered from Iran, Chinese melon and steaks of Kobe beef, a Japanese
    delicacy. While the exact figure he spends on feeding himself and his inner circle the
    best cuisine in the world is not known, the sum is estimated to be in the millions.
    Most people will only ever dream of owning a yacht, but Kim Jong-un is the proud owner
    of a 200-foot yacht that was described by his friend Dennis Rodman as a “cross between
    a ferry and Disney boat”. The top-of-the-line Princess yacht is kitted out with a Fendi
    interior and is valued at a cool $8 million. The Telegraph reports that the textbooks taught
    in North Korean schools apparently claim that Kim was a child prodigy who learned how to
    drive at the tender age of three. What is true is that he has quite an impressive garage.
    It’s been reported that he owns up to 100 cars after beginning to collect them at a
    very young age. His favorite brand is Mercedes-Benz. Kim recently gave an inside glimpse at his
    newly re-vamped private jet aptly named Air Force Un – a reference to the United States’
    Presidential aircraft, Air Force One. Having added luxurious touches like crystal ash trays
    and leather couches, the new look is a lot more lavish than the plane’s previously
    clinical interior and is likely to have cost him around $1.5 million.