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2020 Trader Poll Results: You LOVE Amazon
Yesterday, we held an informal, unscientific poll to measure traders’ expectations for 2020. This is what we found: 52.8% of survey respondents believe the SPX will rise more than 10% in 2020. 17.6% said it would fall more than 10%, with 29.6% saying it would finish somewhere in the middle. Then, we measured expectations for a crash. 31.7% of respondents said the SPX will fall more than 10% in a singly day. This seems awfully high, considering that this has only happened three times going back to 1929. In terms of asset classes, traders are most bullish on stocks. 55.1% said stocks would perform best in 2020. We next took a lot at sectors to see which sectors traders are most bullish and bearish on. Survey respondents were most positive on tech, with 71.1% said they were bullish on technology. Real Estate was down at the bottom, with just 15% bullishness reported. Traders’ positive view on tech is no surprise given that QQQ is up almost 40% in 2019, with the Semiconductors ETF (SMH) up 63%. And finally, we asked traders what their #1 stock of 2020 was. And the positivity towards tech continued there. AMZN was the #1 choice by a country mile, with more than double the number of votes of the second place pick, AAPL. MSFT and TSLA were in the 3rd and 4th positions, respectively. Want to participate in our next Trader Survey in January? Join our mailing list below:
Continue Reading -->50 Stock Trading Terms You Need to Know
Trading can seem daunting to anyone just starting out, and all the terminology you have to learn makes it worse. Learning some key terms can help a beginner trader start to understand the basics of trading, and prepare them for more in-depth trading education. Below is a list of 50 terms that all traders should know. This is an amazing way to start your trading education journey. This guide to trading lingo is especially helpful for T3 Live subscribers — it will prepare you to better follow our instructors and to start profiting quickly. Arbitrage Arbitrage is the practice of buying and selling an asset in two different venues simultaneously to profit off a difference in the price. There is typically no holding period because both transactions happen at the same time. Ask The ask price is the price a seller is willing to accept for their stock. An ask quote will include the price and the number of share available to be sold at that price. Bear Market A bear market is a market that has declined 20% from the highs. The phrase “bear market” sometimes also refers to an individual security or commodity that has declined by at least 20%. More on Bear Markets Bid In comparison to the ask price, the bid price is the amount a buyer is willing to pay for a stock. Blue Chip Stocks “Blue chip stocks” are big name companies that are well-established and with a large market value. The name comes from blue poker chips, which are the most valuable chips. Blue chip companies are usually valued at $10 billion or more and can be found in a major market index, like the S&P 500 or Nasdaq 100. Bull Market A bull market is the opposite of a bear market. In a bull market, stocks are 20% off the lows. More on Bull Markets Candlesticks A candlestick looks like the wax part of a candle, and marks the opening or closing price of the stock and will be either black or red (if the stock closed lower) or white or green (if the stock closed higher). The thinner parts of a candlestick on the top and bottom, which look like the wicks on a candle, mark the highest and lowest prices of the day. T3 Live Director of Education Sami Abusaad explains the candlestick chart in the Strategic Day Trader Ultimate Guide Common Stock Common stock is the type of stock that most people invest in; it represents a share of ownership in a corporation and affords the investor the right to vote on the company’s board of directors and policies. Common stock owners also have a claim on profits, although they are at the bottom of the priority ladder if the company goes bankrupt (creditors and preferred shareholders receive their shares first). Cover Covering is the closing (or reducing of a short position). When a short position is initiated, the trader is selling shares they don’t actually own. Covering is when some or all of those shares are bought back. Day Trade A trade is one where thee position is bought and sold within the span of a single trading day. Day traders capitalize on short-term market moves in order to make a profit. T3 Live’s Strategic Day Trader subscription will help you understand day trading and guide you into making the best trades. Dividend When a company makes a profit, they can distribute portions of their earnings to stockholder through dividends. Dividends may come in the form of cash, additional shares of stock, or other property. Not all stocks pay dividends. Earnings Report Each quarter, public companies publish an earnings report detailing their most recent performance. The report includes an update of the company’s profit and loss statement, assets, liabilities, equity and cash flows. Shareholders can learn more about the company’s financial health and change their investment accordingly. The value of the company’s stock will fluctuate wildly on the day the report is released. Equity There are multiple financial definitions for “equity,” although the most common refers to the amount of assets that shareholders can claim if the company liquidated or paid off their debts. This is also called stockholders’ equity. In comparison, owner’s equity refers to the money that remains when the company has repaid its creditors after liquidating its assets. In some cases, equity is simply used to refer to stocks, particularly common stocks. ETFs ETF stands for exchange-traded fund, a grouping of multiple securities that can be traded on major exchanges like a stock. ETFs are divided into shares, which give the shareholders proportional shares of the total assets, although they do not own the underlying assets (which are owned by the fund provider). ETFs are designed to track the value of an asset, although they trade at prices determined by the market. ETFs that track a stock index will pay out lump dividend payments to investors for the stocks that make up the index. Fill When an order is placed to buy or sell a stock, the fulfillment of that order is called a fill. There are multiple ways of filling an order, depending on which type it is. If a market order is placed, the investor is telling the broker to either buy or sell that stock at the best available current price. If a limit order is placed, the order will be filled once the stock reaches a specific price; if that price is not met during the predetermined period of time, the order will not be filled. A stop order, or stop-loss order, is a limit order that becomes a market order once the set price is achieved. The order will be filled at the next available market price. Forex Forex is simply a nickname for the foreign exchange market. The market includes multiple countries and exchanges currencies rather than assets. Forex is the largest exchange market in the world, with trading occurring 24 hours a day, 5 days a week.
Continue Reading -->Announcing the T3 Total Access iPhone App!
For years, people have been asking us “can I use the Virtual Trading Floor® on my iPhone?” Until now, the answer has been no. So we’re ecstatic to finally announce the T3 Total Access App for iPhone and iPad, which you can download from the App Store here. Go to the App Store ==> With T3 Total Access, you get live streaming video, audio, and chat directly to your Apple device. Whether you’re in a car, sitting in an airport, or just taking a walk, you can listen in and interact with our team. This way, you can keep up with the markets from anywhere in the world there’s an Internet connection — you are no longer tied down to your desktop computer or your office. Please note: Google Android device users can access the VTF® through the free Google Chrome app. To learn about our Virtual Trading Floor® rooms: Click for VTF info ==> Need help picking a room? Call our team at 1-888-998-3548 or click here to email us. Please note: standard data rates apply. Not all functions may be supported on all devices, particularly some Android smartphones and tablets.
Continue Reading -->Chef Scott Redler Shares His Secret Turkey Recipe
Family + friends + food + football + fitness (say that 10 times quick!) makes Thanksgiving one of my favorite holidays. And believe it or not, I’m pretty handy in the kitchen. I cook like I trade, and I trade like I cook. I keep things simple, and I go with what works. I’ve been using this turkey recipe since my parents moved to Florida 14 years ago, and it’s what I’ll be serving my family on Thursday afternoon. Ingredients List Turkey 3-4 long celery sticks 2 sticks of butter 2 oranges 3-4 lemons 2 sticks of butter 4 whole onions 3 big hunks of garlic Salt Pepper Paprika Ms. Dash seasoning 1 can of pineapples 1 jar of orange or apricot jam The quantity of ingredients depends on the size of your turkey. Just scale up or down as you see fit. We usually get a frozen 20-pounder. And oh yeah — make sure you have a quality knife! It will make your life a lot easier. I’ll take the bird out of the freezer Monday morning so it will be defrosted by Wednesday evening, when I do my prep work. You know me. Whether I’m trading, running, or cooking, I never show up for battle unprepared. If you start getting things ready before Thanksgiving, you’ll get better results with less stress on Thanksgiving… just like in trading! I’ll dice up 4 whole onions and 3 big hunks of garlic, and toss them in a large bowl. I then add salt, pepper, paprika, some Mrs. Dash seasoning, and mix it all up. Then, I’ll stuff it into the turkey. I’ll also put half a can of pineapples in there, and jam a stick of butter right in the middle of all. Then, I pour some orange juice and lemon juice over the turkey skin — just enough to get it wet. In a separate bowl, I’ll mix up more salt, pepper, and paprika for the skin. I spread it all over, making sure to get in all the nooks and crevices. Don’t be cheap! Then, I’ll wrap the turkey in a big bag and leave it in the refrigerator overnight. On Thanksgiving morning, I’ll cut a few long celery sticks in half and put them on the bottom of the pan. Then, I take the turkey out of the bag and place it on the pan. There will be a lot of juice in the bag. Transfer it to the bottom of the pan, and be careful not to spill any. It’s a real pain to clean up! Then I’ll mix up more salt, pepper, and paprika, and sprinkle it on top of the turkey. Now it’s time to stick the bird in the oven. After an hour, start basting it every 15-20 minutes. Take juices from the cavity and squeeze it on top of the turkey. Also, rotate the pan every hour or so. It should take about 4 hours to cook. Just follow what your meat thermometer says. When there is about 20 minutes to go, pour a jar of orange or apricot jam in a bowl, and add a softened stick of butter to it. Mix it together, and brush the turkey with it. Stick the turkey back in, but keep a close eye on it. We want a nice crispy skin, but we don’t want to burn it. Once the turkey’s done, take it out and let it sit for an hour before you carve it. By the way, if you’re not experienced in the art of carving up a turkey, this video will help you get it right and impress your family: Delay your carving as long as you can — turkey tastes best just when it’s cut! If you give this recipe a shot, take a picture, post it on Twitter, and tag me (@reddogT3) so I can see it! Have a great week, and an even better Thanksgiving!
Continue Reading -->74% of Surveyed Traders Bullish on NVDA in Our Latest Mystery Chart Challenge.
==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House Yesterday, we held our second Mystery Chart Challenge, which is our version of a classic blind taste test. It’s your job to analyze the chart without the influence of knowing the ticker. Here’s the chart we showed: And as you can see in the title of this article, it’s Nvidia (NVDA): Only 2 respondents guessed it right, and a third was awfully close in guessing Advanced Micro Devices (AMD). And how do surveyed traders* feel about Nvidia, based on the blank chart alone? *this is NOT some kind of scientific sample and we can’t promise any statistical significance, so please take these numbers with a very large grain of salt Very positive, as it turns out. 73.7% said they were bullish based on the chart along. 15.8% said they were bearish. And 10.5% were in the middle! Stay tuned for our next Mystery Chart Challenge! To ensure you get notice to participate next time, sign up for our free newsletter here.
Continue Reading -->Mystery Chart #2: Are You Bullish or Bearish?
==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House It’s been far too long since we’ve issued a mystery chart challenge! This is our version of a classic blind taste test. Here’s how it works: We’re giving you a 6-month daily chart with 10/20/50/200 day moving averages, and no name. It’s your job to analyze the chart without the influence of knowing the ticker. Last time, 179 people participated… and a lot of them were angry to find out they were bullish on the gold miners (GDX). Here’s the latest mystery chart for you to analyze: Are you bullish or bearish? Enter your vote below, and guess the ticker if you dare. Make sure you hit the submit button so we can log your entry. Tomorrow, we’ll reveal which chart this is, and post the results. Good luck! Loading…
Continue Reading -->7 Keys to Being a More Consistent and More Profitable Active Trader
Want to start earning consistent profits as a trader?Good. You’re in the right place, because we’re going to talk about some topics that get ignored all-too often in the trading world.7. Take a Loss Without Freaking OutHere’s a sign that you’re going down the wrong path as a trader: you lose a few hundred bucks, and you freak out. You slam your keyboard down, you use some foul language, and you want to quit.This is bad, bad, bad! Here’s a harsh reality that too few people in the trading industry talk about: losing is part of winning.If you can’t deal with losses, you’ll never make it.6. Hit a Home Run Without Freaking OutOn the flip side, you shouldn’t get too excited when you nail a trade that lands $6K in your bank account.Why? Because trading requires a steady hand. And you can’t let your excitement cloud your judgement.And if you’re progressing in the right way, winning will be just another day at the office! 5. Talk to Traders That Are More Experienced and More Successful Than YouEven the most elite professional athletes hire coaches in the off-season. They know the value of an expert’s point of view.Trading is no different. If you’re not getting the results you want, by definition you need help. So talk to more successful traders about your troubles. Odds are, they’ve been down the same road you have, and they can help.4. Know the Difference Between a Breakout and a FakeoutThe media wants you to believe that every tick up or down is a big deal.To succeed as a trader, you must be able to tell the difference between real moves and fake moves. And you must be able to tell that difference instantly.If you can’t look at a chart and break it down in short order, you may need additional training.3. Actually Learn a Real Trading Method99% of traders are operating at random. They use a random collection of tactics learned from books, videos, and online forums.The most successful traders are systems-oriented. They use trading methodologies where all the elements — market analysis, entries/exits, risk management. etc. — work together.This prevents you from trading on feelings and emotions.2. Put Some Real Time InYou can learn a lot about trading in a few days. But making money on a consistent basis takes time.Making money in and of itself is a skill. Only through experience can you learn what it’s like to deal with an overly volatile market, or your ego spinning out of control after a great trade.Focus on learning a process and methodology over time, and you’ll gain true control over your trading. You also need to give yourself time to succeed — there are no overnight successes in this business.1. Improve Your Batting AverageHere’s an obvious truth that too many people ignore: if you want to turn your trading account in a paycheck, you need to win more often.You need more accurate entries and exits. And you need to make more money on each trade.It’s not easy, but it is simple: win more often, lose less often, and you get more consistent returns.Do you want more consistent results?Are you ready to put some time in to take your trading to the next level?And are you ready to get mentored by expert traders that have conquered the challenges you’re facing right now?Then check out the T3 Live Ultimate Profit Solution. –> Learn about the Ultimate Profit Solution
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re with the top 10 stories we’re sharing with colleagues today, including: Scott Redler Tracks IQ’s Major Breakout Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high This Trader Averaged $1,170/Day in Profit Doing Something He Loves And more! So check out these links right now and get up to speed! 1) Scott Redler Tracks IQ’s Major Breakout (T3 Live)Always watch for new names to add to your Go To List, especially hot new and recent issues that give us lots of movement. Watch the Video -> 2) U.S. first-quarter growth trimmed on weak consumer spending (Reuters)U.S. economic growth slowed slightly more than initially thought in the first quarter as consumer spending rose at its weakest pace in nearly five years, but activity is already picking up against the backdrop of a tightening labor market and tax cuts. Read the Article -> 3) Stocks Rally as Fading Italy Woes Sink Treasuries: Markets Wrap (Bloomberg)Stocks rose along with Treasury yields as investors deemed the market reaction to Italy’s political turmoil overwrought. The dollar slipped and oil rose. Read the Article 4) This Trader Averaged $1,170/Day in Profit Doing Something He Loves (T3 Live)Sami Abusaad can tell you he’s a real trader. But he’s going to let the numbers do the talking. Watch the Video -> 5) Bill Gross’ flagship fund cratered as Italy’s political turmoil rocked global markets (Business Insider)Bill Gross’ Janus Henderson Global Unconstrained Bond Fund cratered on Tuesday as the political turmoil in Italy sparked a sharp sell-off in the country’s bonds and sent investors rushing into safer debt. Read the Article -> 6) Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high (CNBC)Consumer Reports said Wednesday it now recommends the TeslaModel 3, reversing an earlier decision over the car’s long stopping distance and other issues. Read the Article -> 7) Is the 18-Year Cycle Giving Traders Whiplash? (T3 Live)Given the parallels with 2000, being agile with positions and opinions will pay dividends. Watch the Video -> 8)Amazon begins nationwide expansion of Whole Foods discounts for Prime members (TechCrunch)Amazon introduced 10 percent savings at Whole Foods for Prime members earlier this month, and today it kicked off a nationwide expansion of the initiative. Read the Article -> 9) Why Banks Were Looking Bearish Before the Italy Scare (T3 Live)Rob Smith points out that bearish setups were already in place for the banks BEFORE the Italy catalyst. Read the Article -> 10) Why I Don’t Read Books (Dan Lok)Entrepreneur Dan Lok has an unusual take on reading books:
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re with the top 10 stories we’re sharing with colleagues today, including: Why We Got Long BOX Last Week Is the dollar rally going further? Chartists think so How to Stay in the Game, Even When You’re Down And more! So check out these links right now and get up to speed! 1) Why We Got Long BOX Last Week (T3 Live)Jeff Cooper captures a fast swing trade profit in a hot momentum stock. Watch the Video -> 2) Oil Jumps, Treasury Yield Tops 3% as Stocks Climb (Bloomberg)Oil rallied after President Donald Trump’s decision to walk away from a nuclear deal with Iran, while the dollar slipped and 10-year Treasury yields topped 3 percent ahead of a key bond auction. Read the Article -> 3) Is the dollar rally going further? Chartists think so (Reuters)Enter your text here… Read the Article 4) How to Stay in the Game, Even When You’re Down (T3 Live)We all experience adversity. How you handle it separates the winners from those who never succeed. Watch the Video -> 5) Lawyers Don’t Understand How Buybacks Work (A Wealth of Common Sense)Enter your text here… Read the Article -> 6) What is Walmart’s global plan? (CNN Money)Walmart is revamping its global strategy.On Wednesday, Walmart announced it would pay around $16 billion for a majority stake in Flipkart, India’s largest online retailer. Read the Article -> 7) How a Pro Options Trader Manages an Open Position (T3 Live)Entries are easy. Trade management is where the real money is made. Watch the Video -> 8) Tech investor Chamath Palihapitiya: I’m a Warren Buffett ‘disciple,’ but he’s wrong about bitcoin (T3 Live)Billionaire investor Warren Buffett is wrong about bitcoin, tech venture capitalist Chamath Palihapitiya said Wednesday. Read the Article -> 9) Identifying “Exhaustion Risk” For a Short Sale Opportunity (T3 Live)Rob Smith walks through a trade in LGIH so you can learn to identify “exhaustion risk.” Watch the Video -> 10) Top 20 Motivation Tips (Zen Habits)This article is a list of tips and tricks that, if used in combination, are a nearly sure way to achieve your goals. Watch the Video ->
Continue Reading -->T3 Live’s Mystery Chart #1 Revealed!
Yesterday, we played a little game. We posted this mystery chart, and asked traders whether they were bullish or bearish on it, and to guess the ticker: Before we reveal the answer, let’s see whether traders were bullish or bearish on this particular ticker: 52.7% were bullish, 30.4% were bearish, and 16.9% were in the middle. And the ticker is… GDX! 7 people guessed it right in our survey (and even more did on Twitter). A few other traders were close, guessing other gold instruments like GLD and NUGT. So what do you think? Should we do this again next week? Let us know in the comments!
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