Reading Time: 5 minutes Stock Market Guides offers as a subscription-based service focused on helping people make profits in the stock market. The platform distinguishes itself by delivering data-driven trade alerts backed by meticulous historical backtesting. Central to its operations is a proprietary scanner engineered to identify real-time trading opportunities. Stock Market Guides sets itself apart within the investment world by providing subscribers access to a scanner renowned for its ability to pinpoint historical trade setups with a demonstrated history of success. The platform is adept at tailoring its offerings to suit the needs of both swing traders and long-term investors, leveraging well-established stock chart patterns and technical indicators to formulate trade alerts. This review aims to critically assess Stock Market Guides’ overall value and performance in the context of its specialized tools and services for investors. Let’s begin. Services at Stock Market Guides Stock Market Guides offers trade alerts catering to both stock and option traders.  Here are their services: Stock Picking Service Stock Market Guides will send you trade alerts when their scanner finds a chart pattern or trading indicator where that specific stock has a history of success.  Their trade alerts are sent in real-time by text or email.  They send some stock trade alerts before the market opens and some during market hours.  For each stock pick, they tell you the stock ticker symbol, the time to enter the trade, the time to exit the trade, and the trading strategy that the trade setup is based on. Option Picking Service  Stock Market Guides also offers a service that sends you trade alerts for their option picks. It operates similarly to their stock picking service, as described above, but it’s for options.  That means when they specify a ticker symbol, it’s an option ticker symbol, and it includes the underlying stock, the expiration date, the option type (call or put), and the strike price. Stock Market Guides Trade Alerts Stock Market Guides’ trade alerts provide all the particulars for each trade idea, including the precise ticker symbol, optimal entry and exit points, and the trading strategy used. Additionally, each trade alert links to fundamental data for the underlying stock, such as its industry classification, employee count, and market cap. Stock Market Guides Pros and Cons Stock Market Guides has a unique service that includes a lot of features.  There are things we really like about the service, but they come with some tradeoffs to consider. PROS These guys don’t make stock picks based on hype or exaggeration.  It’s all based on data.  Utilizing a rigorous research methodology known as backtesting, Stock Market Guides analyzes historical data to derive performance metrics for trade setups. Their scanner not only finds stocks and options set up for trade opportunities but also shows the historical track record of the trade setup for that particular stock or option.  It does all this in real-time.  We don’t know of any other service that provides this sort of feature, and we absolutely love it. They send a trade alert each time they make a new stock or option pick.  You can enable the trade alerts to be sent by text or email, whichever is more convenient. They send out regular emails to subscribers that offer analysis about the market and their stock and option picks. Subscribers can ask questions directly to the trading professionals they have on staff.  Their contact information is easy to access, and we found their responsiveness to be wonderful.  Stock Market Guides is different than a lot of other stock picking services.  They provide trade ideas for many different tickers, time frames, and strategies.  This allows you to filter which ones you see and get alerts for.  It’s nice to be able to fine-tune the picks so that you only get ones that are up your alley. They have a lot of guides available to help novices, including tutorials like “How to Buy Stocks” and “How to Read an Options Chain.”  On top of that, their customer support staff has expressed a clear eagerness to help people no matter how basic their questions are. A lot of companies in this industry are, to be blunt, charlatans.  They give you two scoops of hype and try to sell, sell, sell.  It’s different with these guys.  They just lay out the facts, including the risks involved, and seem to be more focused on truly helping people to make informed trading decisions. CONS History can often give us great information about tendencies and trends.  That said, it certainly doesn’t guarantee what the future holds.  We’d certainly rather have visibility into historical performance than not, but there is no guarantee of success.  This holds true for any stock advisory service out there. Sports offer a good example of this phenomenon.  If you have a baseball player who hit at least 30 home runs three years in a row, you might expect that he can do it again in the forthcoming year.  Knowing his track record helps you make a well-informed prediction, but there is no guarantee that he will be able to do it.  This service is one where there are a lot of trade alerts.  With that being the case, there is a lot of discretion left in customers’ hands.  For many people, that’s perfect and exactly what they want.  For others, they might be looking for a service where there is one single trade to follow each week and where there are not a lot of picks to choose from.  Seeing too many picks could lead to analysis paralysis for some people. Stock Market Guides’ Alert Performance Stock Market Guides’ returns for their trade alerts are based on backtesting.  The average annualized return in backtests is notable for each service: If their trade alerts continue to perform at that level, they will offer returns way beyond the market’s normal historical rate of return.  That said, Stock Market Guides makes it clear that these trade alerts come with amplified risk relative to, say, buying and holding a market

Reading Time: 4 minutes Navigating the vast and intricate finance and stock trading world can be challenging. It requires keeping up with trends and industry news and an extensive array of jargon that can be daunting for newcomers and seasoned investors alike to overcome.  On the one hand, trading terminology isn’t anything new. On the other, new terms are emerging up left, right, and center. One term that has recently gained popularity is ‘HOD Stock.’ Understanding this term and its implications can provide valuable insights into the trading market and market trends and help traders make informed decisions.  In this article, we will delve into ‘HOD stock meaning,’ its significance, and how you can use it to enhance your trading strategies. Let’s begin. HOD Stock Meaning Explained ‘HOD Stock’ refers to the highest price at which a particular stock has traded during a specific trading session. The term ‘HOD’ stands for ‘High of the Day‘ and is an essential concept for traders as it provides crucial information about the peak price reached by a stock during a given trading day. By keeping track of the HOD for a particular stock, traders can gain insights into the price levels considered significant by the market on any given day. But does the term ‘HOD’ come from? The term’s origin can be traced back to the emergence of online trading platforms, where traders started using acronyms like HOD, LOD (Low of the Day), and ATR (Average True Range) to communicate quickly and efficiently. Since then, these terminologies have become commonplace among experienced and beginner traders alike. The Significance of HOD Stock Understanding the term is vital for traders because it helps identify potential trends and provides a glimpse into market sentiment. When a stock breaches its ‘HOD’ during a trading session, it signals increased demand and bullishness.  On the other hand, if a stock fails to surpass its ‘HOD,’ it may indicate resistance and potential bearish sentiment. Traders often use the ‘HOD Stock’ data to gauge the strength of an upward trend. If a stock consistently makes new highs, it may be an indication of a robust uptrend, and traders might consider riding the momentum. However, it is essential to corroborate ‘HOD Stock‘ data with other technical indicators and market analysis to make well-informed decisions. How to Identify HOD Stock in the Market Identifying the High of the Day for a particular stock in real-time can be done through various technical indicators and charting tools. Most trading platforms offer features that display the HOD price of a stock during a trading session. Additionally, traders can use candlestick charts and intraday charts to observe the highs and lows of a stock’s price action. For example, a candlestick chart may show a long upper shadow, indicating that the stock reached a higher price level during the session but eventually retreated. This would be the HOD for that trading day. Can You Incorporate HOD In Your Trading Strategy? Yes, you can. Incorporating HOD stock data into trading strategies can benefit various trading styles. Day traders can use it to identify potential breakouts or breakdowns, while swing traders can look for confirmation of trends before entering or exiting positions. Long-term investors may find HOD stock insights helpful for identifying entry points for their investments. However, it is essential to combine ‘HOD Stock’ analysis with other technical and fundamental indicators to minimize risk and make more well-rounded trading decisions. Common Misconceptions about HOD Stock As with any trading concept, there are common misconceptions about HOD stock. One such misconception is that solely relying on HOD stock data can guarantee profitable trades. In reality, successful trading requires a comprehensive approach that includes multiple factors and risk management. Risks and Limitations Based on the last segment, it’s essential to understand the risks and limitations of trading stocks based solely on HOD data. While ‘HOD’ is a valuable tool, it is essential to recognize its limitations. Relying solely on HOD stock data without considering other factors can lead to flawed decision-making.  Let’s examine the risks and limitations of using HOD data with your trading style and strategies.  Incomplete Picture of Market Dynamics One of the main limitations of the HOD stock analysis is that it only provides information about the highest price reached by a stock during a single trading session. This data, while valuable, offers an incomplete picture of the overall market dynamics.  For example, HOD data doesn’t consider the context of the broader market, the stock’s historical performance, or external factors that may influence its price. Lack of Long-Term Perspective HOD stock analysis focuses solely on a stock’s performance within a single trading day. While this can be useful for short-term traders and day traders, it may not provide significant insights into long-term trends or investment decisions.  Stocks can experience significant price fluctuations during a trading session, but more substantial long-term trends might overshadow those fluctuations. Sensitivity to Intraday Volatility HOD stock analysis is highly sensitive to intraday volatility. During times of high market volatility, stocks can experience rapid price movements, causing HOD values to fluctuate significantly. Traders relying solely on High of the Day data during such periods may find it challenging to make accurate predictions. Potential for False Breakouts A false breakout occurs when a stock’s price briefly exceeds its ‘HOD’ but then retreats below it, indicating that the breakout was not genuine. Traders who base their decisions solely on HOD data may fall victim to false breakouts, leading to potential losses. Lack of Fundamental Analysis While HOD stock analysis provides insights into price movements, it does not consider the fundamental aspects of a company, such as its financial health, management, or competitive position. Ignoring fundamental analysis can lead to overlooking critical factors that may impact a stock’s long-term performance. Emotional Bias and Overtrading Lastly, traders may develop an emotional bias when looking at a stock’s HOD data, leading them to make impulsive transactions based on short-term price movements. Overtrading, driven by an overreliance on HOD analysis, can result in

Reading Time: 4 minutes Robinhood has emerged as a popular online brokerage platform, attracting millions of users with its user-friendly interface and commission-free trades. These few features are why so many investors are signing up with Robinhood. But Robinhood also offers margin trading.  For those who don’t know, margin trading allows traders to go into debt by essentially allowing them to borrow money from Robinhood or any other trading platform they might be using.  Investors who engage in margin trading on Robinhood are at a potential risk of owing money to the platform. Because of that, investors ask what happens if you owe Robinhood money. This article will explore the consequences of owing money to Robinhood and provide insights on how to navigate this situation. Understanding Margin Trading on Robinhood Margin trading allows investors to borrow money to amplify their buying power and potentially increase their investment returns. On Robinhood, investors can trade on margin by depositing a certain percentage of the total trade value while the platform lends them the remaining funds.  This practice comes with its benefits, such as increased trading opportunities, but it also entails risks that investors must be aware of. For many traders, the risks of margin trading far greatly outweigh the benefits, especially for rookie traders. Many inexperienced traders will find themselves in a situation where they actually owe money to Robinhood. So what would be the consequences of owning money to the platform? Consequences of Owing Money to Robinhood One of the key risks associated with margin trading on Robinhood is the possibility of a margin call. A margin call occurs when the investor’s account value falls below the minimum margin maintenance requirement. In such cases, Robinhood may demand additional funds to meet the requirement. If the investor fails to fulfill the margin call, several outcomes may arise, including selling securities to cover the debt or Robinhood liquidating assets without the investor’s consent. Additionally, owing money to Robinhood can negatively impact the investor’s credit score and financial standing. How to Deal With Owing Money to Robinhood? If faced with a margin call, it is essential to assess the situation promptly. Evaluating available options and understanding the terms and conditions outlined by Robinhood are also crucial. Owing money to Robinhood essentially means you’ve gone into debt. And like any other debt, it must be repaid in some way.  This puts traders in a difficult position. If you owe Robinhood money, you’re running a negative balance. As mentioned, you must offset the negative balance to be in the green. Fortunately, there are several ways to do that. Unfortunately, none are enjoyable for investors in debt.  Method 1: Repaying Robinhood The quickest way to get out of Robinhood debt is to add funds to your account. Robinhood will then use the deposited money to repay the negative account deficit. It should be mentioned that investors have control over their accounts if going down this option. Method 2: Robinhood Takes Matter Into Their Own Hands But the next option is one that investors have no control over. Namely, if you fail to repay your Robinhood debt, the platform will take it upon itself to repay the debt by selling some of your assets. This includes stocks, crypto, and even close positions on any options contracts you have. The platform might even empty your entire account if you lack enough asset value to repay the debt.  But what happens if you still can’t repay your debt, despite Robinhood liquidating your assets and positions? Well, in that case, the situation can get much worse.  Method 3: Summoning a Debt Collector The third and final option is the least pleasant one. Namely, Robinhood has the right to sell your debt to a debt collector. These agencies collect debt on behalf of their customers, which in this case is Robinhood. Depending on the amount of debt you owe to Robinhood, it’s not uncommon for the debt collector to take legal action against you. Even so, debt collectors can make your life a nuisance.  The Run Down So, what happens if you owe money to Robinhood? The answer, a lot can happen. Robinhood might ask you to deposit money into your Robinhood account to offset the negative balance, or they might sell portions of your portfolio to fund the repayment. In the worst case, they will summon a debt collector to take charge of the process, and you might even go to court.  Lessons and Tips for Avoiding Debt on Robinhood Margin trading is the easiest way for inexperienced traders to owe money to Robinhood. That’s because margin trading is an extremely risky form of trading and one that isn’t recommended for beginners.  It is important to approach margin trading cautiously to avoid finding oneself in a situation of owing money to Robinhood. Understanding the intricacies of margin trading and its associated risks is paramount.  Setting realistic investment goals and avoiding excessive borrowing can prevent overextending oneself. Monitoring account balances and margin requirements and staying informed about market trends can help investors make informed decisions. Lastly, diversifying investment portfolios can also mitigate the risks of margin trading. Conclusion Owing money to Robinhood due to margin trading can have significant consequences for investors. It is vital for individuals engaging in margin trading on Robinhood to fully understand the risks involved and be prepared to manage potential debt situations.  By maintaining a cautious approach, regularly monitoring account balances, and seeking professional advice when necessary, investors can navigate the potential pitfalls of margin trading and ensure a more secure financial future. Remember, informed decision-making and responsible trading practices are key to successfully navigating the world of investing. FAQ

Reading Time: 5 minutes The world of day trading stocks, currencies, features, and other instruments is vast and intimidating. From trading jargon to doing fundamental trading analysis, there’s so much unknown and uncertainty that many eager traders turn to day trading courses as a one-stop shop for their education. But these courses are far from free. In many cases, they come at a steep price. So that begs the question, “Are day trading courses worth it?”  Sadly, there’s no simple yes or no answer to this question. As much as we would like to give you one, there are so many day trading courses online that it’s impossible to know the truth about all of them. Moreover, the good ones are truly far and few.  In this guide, we will take a comprehensive look at day trading courses and explore whether they’re worth the money. Let’s begin. What Are Day Trading Courses? Day trading courses are educational programs designed to teach day trading fundamentals. They can vary in length, format, and price, but most cover the basics of technical analysis, risk management, trading psychology, and strategy development. Some courses are delivered online, while others are in person. Of course, free day courses are available online, but the vast majority require payment. Access to information makes day trading courses extremely appealing to beginner traders. But are day trading courses worth it? To answer the question, we must take a closer look at what day trading courses bring to the table. What Benefits Do Day Trading Courses Offer? We can summarize the benefits of day trading courses in a few simple points. Those include: The primary benefit of day trading courses is knowledge. These courses are designed to teach traders everything they must know about day trading, including the most effective strategies, techniques, and risk management practices. Some courses offer mentorship programs, where you can receive one-on-one coaching from experienced traders. This can be invaluable for beginners who want personalized guidance and support. Many trading courses offer networking opportunities with other traders. Networking is a great way to meet like-minded people and learn from their experiences. Some day trading courses provide access to specialized trading tools, such as charting software or data analysis tool. These are essential for traders to make more informed trading decisions. Finally, day trading courses can also help you develop discipline and patience, which are essential traits for successful day traders. With that out the way, let’s explore what the perfect day trading course must include. What the Perfect Day Trading Couse Must Include The popularity of day trading and similar trading forms also makes these courses extremely appealing and popular. But many look to leverage the popularity of day trading to make a quick buck by offering sub-par education. Moreover, many day trading courses fail to achieve the fundamental promise of educating traders on day trading.  Therefore, many day trading courses vary in quality and level of expertise. But we can safely recommend the trading course that offers the following key components: Technical Analysis Technical analysis is the cornerstone of day trading. Therefore, the perfect day trading course must educate traders on reading charts and analyzing trends and indicators.    Risk Management Risk is always prevalent in day trading. Day trading is one of the riskiest forms of trading, so the right day trading course must emphasize the importance of risk management. Risk management covers techniques that help traders manage risk effectively, including setting stop/loss orders, diversification, and more.  Trading Psychology Emotions play a key role in day trading. So the right day trading course must cover the aspects of psychology in trading. A key point in this section would be managing emotions and discipline.  Strategy Development Every successful day trader bases their success on a successful strategy. Eager traders must understand that day trading is a complex form where strategy plays a key role. So the right day trading course must educate you on developing your own trading strategy. We say this because everyone has different risk tolerance and investment goals. Therefore, the strategy must be perfectly tailored to these factors.  Mentorship Opportunities As mentioned earlier, some courses offer mentorship programs, which can be incredibly valuable for beginners who want personalized guidance and support. How to Make Sure You’re Not Wasting Your Time and Money Despite knowing the integral components of a good day trading course, plenty of shady or sub-par day trading courses include them in their program. Unfortunately, that makes it impossible to distinguish good from bad trading courses.  Moreover, many day trading courses are available online, and not all are created equal. To make sure you’re investing in a worthwhile course, consider the following factors: Research the Instructor Every day trading course must be led by someone who, first and foremost, is actually day trading and is good at it. So before signing up for a course, research the instructor’s background and experience. Also, look for reviews and testimonials from other students to get an idea of their teaching style and effectiveness. Lastly, the instructor must be more than a day trader – he must be an established individual in the industry.  Look for a Money-Back Guarantee Reputable trading courses should offer a money-back guarantee if you are not satisfied with the course. Consider the Price While a high price doesn’t necessarily mean a high-quality course, be wary of courses significantly cheaper than others on the market. Quality education requires time, effort, and resources, so a course that seems too good to be true probably is. Check the Course Curriculum Make sure the course covers the key components mentioned earlier, such as technical analysis, risk management, trading psychology, and strategy development. Avoid Courses With Too Many “Wins” Lastly, every day trading course promises continuous big returns. But what separates the shady day trading courses from the “real deals” is the number of winning trades. Namely, you must completely avoid day trading courses claiming their strategy only returns winning trades. Such numbers are impossible and factually implausible by

Reading Time: 4 minutes Knowing the exact number of trading days in a year is one of the essentials of stock trading. But, unfortunately, many casual traders aren’t aware of it. Furthermore, some traders don’t even know you couldn’t trade on weekends, for example. But knowing how many trading days there are in a year is essential for a few reasons. First, knowing the number of trading days will help you formulate a better trading strategy. Secondly, the number of trading days and their dates will help you better analyze market trends. But most importantly, the knowledge will help you make informed decisions that could heavily affect the investment outcome. That’s precisely why we’re writing this guide. Eager traders should familiarize themselves with the stock market as much as possible to ensure a successful outcome. Since we’re here to educate our readers, let’s answer the question.  How Many Trading Days in 2023? The number of trading days in 2023 is 250. But why this number specifically? The number varies from year to year. But in most cases, it ranges between 250 and 253. So there’s a three-day leeway depending on several factors. But before we tell you about the factors, we must first look at the concept of a “trading day.” What Is a Trading Day? A trading day is a day when financial markets are open for business. During a trading day, traders can buy, sell, or exchange financial assets such as stocks, bonds, and currencies. Trading days typically last from the opening bell at 9:30 am Eastern Time (ET) to the closing bell at 4:00 pm ET, with a break for lunch from 12:00 pm to 1:00 pm ET. Trading days are Monday to Friday, but as mentioned previously, there are exceptions to the rule. Namely, if a major holiday or similar event falls on a weekday, the stock market will be closed that day. This is precisely why there are ~250 trading days instead of the 260 workdays we generally have in a year.  How Are Trading Days Determined in the United States? NASDAQ and The New York Stock Exchange (NYSE) are the two main exchanges in the United States. They follow a standard schedule for trading days, typically Monday to Friday, except for major holidays. The Securities and Exchange Commission (SEC) oversees the stock market and approves the trading schedules for both exchanges. What Factors Determine the Trading Days in a Year? Several factors determine the number of trading days in a year. These factors include weekends, major holidays, and leap year. So, let’s take a look at each: Federal Holidays Trading does not occur on federal holidays. The United States has nine federal holidays, including: Weekends Trading does not occur on Saturdays or Sundays. This is because the weekends are non-business days for the stock market. Major Holidays In addition to the federal holidays, the stock market observes major holidays such as Good Friday and Christmas Eve. On these days, trading is either closed early or closed entirely. Leap Year Leap years happen every four years, with a leap year having 366 days instead of 365 days. Since the stock market generally operates 252 days a year, a leap year will add one more trading day if it falls on a weekday. It will not add a trading day if the first day of the year falls on a weekend, especially Sunday.  What Time of the Trading Day Should You Trade? Our readers now understand the number of trading days in the year, how they’re determined, and the factors in play. However, there’s much more to learn. For example, we mentioned that experienced traders use the trading days in a year knowledge to formulate strategies.  Namely, even experienced traders don’t trade every day. Moreover, they trade only at specific times of the day. But unfortunately, we cannot tell you what time of the trading day you should trade as it depends on your trading strategy. What we can do is give you general helpful information.  The time of day you trade depends on, most importantly, your trading strategy, market conditions, and risk tolerance. The first and last trading hours are typically the most volatile, while the middle of the day tends to be less volatile. Trading during the lunch hour is also less popular among traders, leading to lower liquidity and wider bid-ask spreads. Use this knowledge with your trading strategy to determine the best and optimal trading hours of the trading day for maximum profits.  What Are the Riskiest Trading Days? The riskiest trading days are typically when significant news or economic data is released. These events can cause sudden price movements and increased market and price volatility. Some examples of such events include earnings reports, Federal Reserve meetings, and non-farm payroll reports. These reports don’t pinpoint specific days of the year; they’re usually random. So you need to be extra vigilant and pay attention to the news to avoid them and, thus, avoid significant risk.  Conclusion Knowing how many trading days there are in a year is essential for stock traders. Trading days are determined by federal holidays, weekends, major holidays, and leap years. For example, there are 250 trading days in 2023, but the number of trading days for 2024 will be 252. As you can see, this follows the general pattern of the year having between 250 and 253 trading days.  Trading days and hours are equally important investing essentials traders must pay attention to.  FAQs

Reading Time: 5 minutes Day trading on Robinhood has become increasingly popular among investors in recent years. Robinhood revolutionized the trading industry by introducing a user-friendly interface and commission-free trading options. These two features have made Robinhood an attractive platform for investors looking to make quick trades.  However, day trading is not for everyone, and it’s precisely why Robinhood actively discourages day trading on its platform. While day trading on Robinhood isn’t forbidden, investors must weigh the pros and cons before diving in.  In this comprehensive guide, we’ll discuss what day trading on Robinhood is, the pros and cons of Robinhood day trading, and how to determine if it’s the right strategy for you. What is Day Trading on Robinhood? Day trading is a strategy in which investors buy and sell stocks on the same day to take advantage of small price movements. Robinhood allows investors to execute day trades without paying commission fees, an attractive option for those looking to make same-day trading returns. However, Robinhood’s trading platform is designed for mobile devices and is less robust than other platforms like E-Trade or TD Ameritrade. While the platform offers several trading and analytical tools, day trading is risky and not recommended for beginners. Moreover, Robinhood implements a feature to protect traders making big losses. This feature is called “Pattern Day Trading.”  What Should You Know About Pattern Day Trading on Robinhood? Pattern Day Trading is a FINRA (Financial Industry Regulatory Authority) rule that applies to margin accounts. The rule states the following: Buying or selling the same stock or ETF on the same trading day or opening and closing the same options contract on the same day is considered a day trade. Robinhood considers you a Pattern Day Trader if you make four or more day trades within five days. In addition, the number of day trades must exceed more than 6% of your total trades in the same five-day period.  You can continue making more day trades if your Robinhood margins account contains more than $25,000 each trading day. The amount considers all stocks, options, and cash but excludes cryptocurrencies.  Pattern Day Trading is a FINRA rule; all brokerages must abide by and enforce it, including Robinhood.  Before you try day trading on Robinhood, here are the pros and cons of this strategy and help you determine if it’s right for you. Day Trading on Robinhood Pros and Cons Pros  Cons User-Friendly and Easy-to-Use Day Trading Interface Poor Customer Support Trade Stocks, ETFs, Options, Cryptocurrencies  Limited Day Trading Tools Zero-Commissions for Day Trading No Educational Resources for Beginners Desktop and Mobile App No Mutual Funds Low Margin Rates Instant Transactions Examining the pros and cons of day trading on Robinhood will enable rookie and experienced investors to determine if day trading is something they should try. However, we will reiterate once more; day trading is risky, and the likelihood of making bad trades is always possible. In addition, the lack of educational resources for beginners, poor customer support, and lack of day trading tools should be a concern for investors looking to try day trading on Robinhood. With that said, we must also mention that Robinhood is one of the few brokerage platforms that actively discourages day trading on its platform due to the high-risk factor.  How to Know if Day Trading on Robinhood is Right for You? Day trading on Robinhood can be a risky strategy unsuitable for everyone, especially inexperienced traders and rookie investors. So here are a few questions to ask yourself to determine if day trading on Robinhood is right for you: Answering these questions before day trading on Robinhood is crucial for understanding what you’re getting into. Day trading promises high returns and big gains, but the outcome is often the opposite for inexperienced traders. Therefore, we will give you several tips to help you understand how to day trade.  Tips To Help Investors Start With Day Trading on Robinhood These tips will help investors better understand the nature of day trading and its risk. Therefore, these tips aim to educate beginner traders and hopefully assist in making better trades.  Note: Neat Dollar is purely educational, and traders must take their own responsibility for making poor day trades.  Before starting to day trade on Robinhood, set realistic goals for your profits and losses. Setting goals will help you stay disciplined and avoid making impulsive decisions based on emotion. Limit orders allow you to set a specific price to buy or sell a stock, which can help you avoid buying or selling at an unfavorable price. Stay informed about market trends and news that may affect your trading stocks. This can help you make informed trading decisions. Day trading is a high-risk strategy, so investing money you can afford to lose is crucial. Stop-loss orders allow you to automatically sell a stock if it falls below a specific price, which can help you limit your losses. Always diversify your portfolio. Diversifying your portfolio can help you minimize risk and increase your chances of making profits. Everyone makes trading mistakes. Use your mistakes as learning opportunities to improve your trading strategy. Keeping a journal of your trades can help you track your trading progress and identify areas for improvement in your strategy. Stick to the trading plan and avoid making impulsive decisions based on emotion or fear. If you’re new to day trading, consider practicing with a demo account to get a feel for the platform and refine your strategy before risking real money. Conclusion Day trading on Robinhood can be a lucrative strategy for experienced investors who are comfortable with risk and have the time to dedicate to making quick trades. However, it can be risky for beginner investors who lack experience with any kind of trading.  Therefore, weighing the pros and cons of Robinhood day trading and determining if day trading is the right strategy for your financial goals and risk tolerance is important. With careful planning and research, day trading on Robinhood can be profitable.

Reading Time: 3 minutes Despite all the rage and fame it’s gotten over the years, Robinhood isn’t available in Europe, making Europeans all that eager to find the best Robinhood alternative in Europe.  The allure of Robinhood is simple. It is a commission-free trading app that has taken the investment world by storm in the United States. But sadly, it’s not available in Europe. However, don’t despair, as several Robinhood alternatives in Europe are worth considering for investors looking to trade stocks and other securities without paying high fees. This guide will educate readers on the top Robinhood alternatives for Europe and European investors. So with all that said, let’s begin. Most Popular Robinhood Alternatives in Europe You might have heard of some of these Robinhood alternatives or seen one of their advertisements online. However, it’s considered a clever practice to avoid instantly signing up with the first trading platform you come across. We aim to provide assistance and guidance for our readers. So we’ve done our research and present you with the seven most popular Robinhood alternatives in Europe and the European market.  eToro The Israeli-based investment company has offices registered in Cyprus, the US, and the UK. With two European offices, eToro is one of the most popular European Robinhood alternatives.  eToro is a social trading platform. This means that eToro allows users to copy the trades of other investors. Therefore, it is particularly well-suited for beginner investors looking for a user-friendly interface and educational resources to help them get started. eToro also offers the ability to trade cryptocurrencies and has a large community of investors worldwide. With the ability to invest in more than 3,000+ assets, it’s no surprise that eToro ranks popular on our list of Robinhood alternatives in Europe.  Trading 212 Another Robinhood alternative in Europe is Trading 212. Trading 212 is similar to Robinhood as it is a commission-free trading app that offers a wide range of financial assets, including stocks, ETFs, and cryptocurrencies.  Trading 212 is particularly popular in the UK and growing rapidly across the continent. It offers a user-friendly interface and a range of educational resources for investors. In addition, trading 212 is a reliable stock-trading platform with one of the highest safety scores for European trading platforms. Therefore, it is a secure and popular Robinhood alternative in Europe. DEGIRO  DEGIRO is an Amsterdam-based brokerage company and another popular Robinhood alternative in Europe. The company is a low-cost broker that offers access to over 50 markets worldwide. Unlike many traditional brokers, DEGIRO offers low fees and a user-friendly interface that makes investing in stocks, bonds, and other assets easy.  DEGIRO also offers a range of tools and resources to help investors make informed decisions. The access to these features, similar to many Robinhood features, makes DEGIRO an excellent European alternative to Robinhood. Revolut Unlike other Robinhood alternatives, Revolut isn’t necessarily a stock-trading online platform. Instead, Revolut is a fintech company and a bank in one. So why does Revolut make our list of Europe’s most popular Robinhood alternatives? For starters, it’s based in Europe with headquarters in London. Secondly, Revolut does offer commission-free stock trading with access to over 1,500 assets. What makes Revolut a worthy contender is the fact that it requires no minimum investment. In addition to a range of other financial services, including banking, foreign exchange, and cryptocurrency trading, Revolut has recently become an excellent alternative to Robinhood for European investors.  Freetrade This UK-based commission-free trading app offers access to over 4,000 US and UK stocks and ETFs. Freetrade offers a user-friendly interface and a range of educational resources to help investors make informed decisions. Freetrade is a London Stock Exchange member and follows all asset trading regulations. So despite not being an A-list online trading platform and app, Freetrade ticks all safety and security boxes.  Freetrade might not be the best Robinhood alternative for Europeans, but it’s still a wonderful option.  Interactive Brokers This US-based broker has a strong presence in Europe and offers low-cost trading for stocks, bonds, and other financial instruments. Interactive Brokers also offers investors a wide range of research tools and resources. Interactive Brokers is a worthy Robinhood alternative in Europe and a fierce US competitor. Therefore, you can expect a similar trading experience when using Interactive Brokers.  Saxo Bank This Danish-based online bank specializes in online trading. The bank offers a range of services, including commission-free trading of stocks, ETFs, and other securities.  Saxo Bank also offers a wealth of educational resources and research tools to help investors make informed decisions. Launched in 1992, Saxo Bank is a well-known name among Scandinavian investors and a popular Robinhood alternative in Europe. Before You Choose A Robinhood Alternative in Europe It’s important to note that each of these Robinhood alternatives has unique features and advantages, so it’s important to consider your needs and preferences before making a decision.  Therefore, European investors looking for Robinhood alternatives must research each platform to determine if its right for their needs. In addition, investors must be aware of the risks associated with trading and only invest money they can afford to lose. In conclusion, several Robinhood alternatives available to European investors offer low-cost trading and easy access to financial markets. Whether you prefer a social trading platform, a commission-free app, or a traditional broker, there is an option that will meet your needs.

Reading Time: 2 minutes A Robinhood beneficiary is a valuable feature that solves a pretty distasteful problem when using online investing platforms. Robinhood is one of the most popular online investment platforms that has made investing accessible to millions. The platform allows users to buy and sell stocks, options, and cryptocurrency all from the comfort of their own homes. However, one feature often overlooked is the Robinhood beneficiary.  This article will explain the Robinhood beneficiary process and why it is important. So, stick around and find out. What Is A Robinhood Beneficiary? A Robinhood beneficiary is a person or entity you can designate to receive the assets in your Robinhood account if you pass away. This feature is important because it ensures your investments are passed on to the people or organizations you want them to go to without going through the probate process. The Robinhood beneficiary feature is a well-thought feature that protects “your” assets. In the case of your unexpected or expected passing, the person or organization you assign as your Robinhood beneficiary can claim your investments with minimal effort.  The feature essentially eliminates the bureaucracy and politics behind the probate process. The person you assign as your Robinhood beneficiary is 100% valid, and all your investments go to them.   How to Set Up A Robinhood Beneficiary? Setting up a Robinhood beneficiary is simple. Here is how the process goes: In these three simple steps, anyone can set up their Robinhood beneficiary. However, it’s important to note that you can have only a single beneficiary on your Robinhood account. Furthermore, the beneficiary cannot be a business, only a person or a trust.  It is also important to regularly update your beneficiary information to keep it up-to-date. There could be plenty of reasons you wish to change your mind regarding your Robinhood beneficiary. That means you want to change who your investments go to. Even if your beneficiary passes away, you can easily change the information. How Does A Robinhood Beneficiary Work? To trigger the beneficiary feature, the account holder must pass away first. In the unlikely or likely event of your death, your beneficiary can claim the assets in your Robinhood account without going through probate.  This can save time and money, as probate can be a lengthy and expensive process. Additionally, your beneficiary will be able to access the funds more quickly, as they do not have to wait for a court to approve the transfer of assets. Conclusion The Robinhood beneficiary is a simple but important feature that can ensure that your investments are passed on to the people or organizations you want them to. This eliminates the probate process and saves the desired person plenty of time and money. Regularly updating your beneficiary information ensures that your wishes are honored, and your investments are protected.

Reading Time: 3 minutes Investing in the stock market presents us with an opportunity to build wealth over time, but it also comes with a certain level of risk. One of the most significant risks is the potential to lose more money than you initially invested.  Despite many investors wanting that not to happen, it’s far more likely that it will happen due to the various factors that go into ensuring your investments come off in the green.  So, in addition to understanding the various methods that lead to positive or negative outcomes, we must also understand these factors.  But we won’t focus on the factors. Instead, we will talk about the riskiest investment strategies, which ultimately are the easiest ways to lose more money than you invest in stocks.  Therefore, this article will explore the concepts of short selling, leverage trading, margin calls, and call options and how they can increase the risk of losing more money than you initially invested in stocks. With all that said, let’s begin. What Is Short Selling And How Can You Lose More Money Than You Invest in Stocks? Short selling is the process of borrowing shares of a stock and selling them in the hope that the price will decline. If the price does decline, the short seller buys back the shares at a lower price and returns them to the lender.  The difference between the sale and purchase price is the profit for the short seller. However, if the stock price rises instead, the seller must buy back the shares at a higher price, resulting in a loss.  In this scenario, the loss can exceed the initial investment as the short seller must pay more to buy back the shares than they received from the sale. Short selling is one of the riskiest investment strategies as it requires extensive knowledge of markets to ensure a successful outcome. As a result, experts recommend against short selling if you’re a beginner or lack stock investment knowledge.  Therefore, short selling is one way to lose more money than you invest in stocks. What Is Leverage Trading And How Can You Lose More Money Than You Invest in Stocks? Leverage trading involves borrowing money to invest in the stock market, amplifying the potential for gains but also amplifying the potential for losses.  If the stock market performs poorly, the investor may be required to sell the stocks at a loss to repay the borrowed money, resulting in a net loss that exceeds the initial investment. Much like short selling, leverage trading is an extremely risky investment strategy that requires extensive knowledge from investors. Therefore, you should only do it if you’re familiar with how leverage trading works and the risks involved. Otherwise, you risk losing more money than you invest in stocks. What Are Margin Calls And How Can You Lose More Money Than You Invest in Stocks? A margin call occurs when an investor’s investment portfolio loses value, reducing the collateral available to support the borrowed funds. The investor must then deposit additional funds or sell assets to repay the loan and meet the margin requirement.  If the investor cannot deposit the additional funds or sell assets, they may be forced to sell their stocks at a loss, leading to a net loss that exceeds the initial investment. Similarly to the previous investment strategies, making margin calls is risky due to the potential of being forced to sell stocks at a loss. So, again, rookie investors are advised against making margin calls to make money from stocks. What Are Call Options And How Can You Lose More Money Than You Invest in Stocks? Call options are contracts that give the holder the right to purchase stocks at a specified price within a certain period. If the stock price does not reach the specified price, the holder does not exercise the option and loses the premium paid for the option.  In this scenario, the loss can exceed the initial investment as the premium paid for the option is sunk and cannot be recovered. However, call options also limit losses, as you would only lose the premium paid for the option.  Conclusion Despite the stock market being the preferred method of making money for millions of people, it is within reach to lose more money than you invest in stocks. This is possible through methods such as short selling, leverage trading, margin calls, and call options. These methods can increase the risk of loss and make it more challenging to reach your investment goals.  Investors can minimize this risk by investing in a diversified portfolio, avoiding leverage, and investing in low-cost products.  By being mindful of the potential risks, investors can make informed decisions and protect their hard-earned money, mitigating risk. 

Reading Time: 4 minutes Short selling, or shorting, is a trading strategy where an investor borrows shares of a stock and sells them with the expectation that the price will fall. Short selling is a risky strategy due to the outcome of the shoring not always resulting in a profit.  The way short selling works is simple. If the price falls, the investor can repurchase the shares at a lower price, return them to the lender, and make a profit. The profit is the difference between the price at the point of lending and selling.   However, if the price rises, the investor will need to repurchase the shares at a higher price, resulting in a loss. Although risky, short selling is a popular trading strategy with most online stock trading platforms, such as Robinhood. Robinhood is a popular commission-free trading app that allows buying and selling stocks, options, and cryptocurrencies. If you’re thinking about short selling on Robinhood but don’t know how, this guide is for you. We aim to educate our readers and not in any way offer financial advice.  So with all that said, let’s start. Short Selling on Robinhood in 5 Steps Short selling on Robinhood can be done in a few steps. However, before doing so, you will need to create a Robinhood account. So make sure you get that one over the line first. Now, let’s go over the short selling on Robinhood steps. Identify a stock worth shorting Borrow shares to sell Place a short sell order Monitor your position Place stop loss orders Step 1: Find a Stock to Short To short a stock on Robinhood, the first step is to find a stock that you believe will lose value. You can use the app’s built-in tools, such as the stock screener, to help you find potential candidates. These tools provide traders with additional information regarding a particular stock. Use these tools as they can make the difference between making a profit and losing money. Step 2: Borrow Shares to Sell Once you have selected a stock to short, you will need to borrow shares to sell. Fortunately, this is done automatically on Robinhood when you place a short sell order.  Remember that you will need to return the shares you borrow at some point, so you must be prepared to act quickly and repurchase the shares if the price rises to avoid huge losses.  Step 3: Place a Short Sell Order  To place a short sell order on Robinhood, go to the stock’s detail page and tap the “Trade” button. Then, select “Sell” and enter the number of shares you wish to short. Step 4: Monitor Your Position The most important part of short selling on Robinhood is to monitor your position. You do this to ensure you have full eyes on the price and ensure it is moving in the desired direction.  Remember that if the price rises, you will need to repurchase the shares at a higher price, resulting in a loss. Step 5: Use Stop-Loss Orders  The great thing about short selling on Robinhood is that the platform offers numerous trading tools, not just monitoring and analytical ones. One of these tools is the Stop-Loss Order, which is a way to limit your potential losses when short selling on Robinhood.  Place a stop-loss order automatically to trigger a buy order when the stock reaches a specific price, which can help minimize your losses if the stock price rises. Things to Keep in Mind When Short Selling on Robinhood Short selling on Robinhood or any other stock-trading platform is a risky affair. So even if you’re familiar with how to short-sell a specific stock on the platform, it’s essential to keep these few things in mind before you begin. Be Aware of the Risks Short selling is a high-risk strategy and should only be attempted by experienced investors comfortable with the potential for significant losses.  Like any stock trading strategy, education is of utmost importance. Traders should always go into any trading strategy with a sound mind and an outline of all the possible risks. By doing that, traders ensure they’re making clever financial decisions.  Therefore, it is essential to thoroughly understand the stock you are shorting, including its financials and any potential upcoming events that could affect the price. Be Aware of the Borrowing Cost  When you short a stock on Robinhood, you borrow shares from another user. This means you will be charged interest on the borrowed shares, known as the borrowing cost. This cost can be high and should be factored into your overall trade plan. Keep an Eye on Your Account Value When you short a stock on Robinhood, your account value will decrease if the stock price rises and increase if the stock price falls. So keep an eye on your account value and be prepared to adjust your trade plan if your account value drops too low. Be Mindful of the Margin Requirements  Short selling on Robinhood requires a margin account, meaning you will need a minimum amount of cash or securities to cover the potential losses.  Be sure to understand the margin requirements and keep your account balance above the minimum to avoid a margin call. Consider Shorting ETFs or Options  Robinhood also allows short selling of ETFs and options. Shorting ETFs or options can be a good way to gain exposure to a specific market or sector without shorting individual stocks. Much like shorting stocks, shorting ETFs and options is just as risky.  Conclusion Short selling on Robinhood can be a useful strategy for experienced investors looking to profit from falling stock prices. However, it is essential to understand the risks and go with a plan.  Robinhood is a popular platform for shorting, and the process of shorting on Robinhood is relatively straightforward. But it is always important to consider the risks and do your research before making any trades.