When you’re day trading, you need to be able to make quick decisions based on a variety of data points. This can be a challenge, which is why traders rely on indicators to help them make sense of the market. But with so many indicators to choose from, it can be hard to know which […]
A stop loss order, or “hard stop” as we call it here at MIC, is placed with a broker to buy or sell a security when it reaches a specific price. Stop loss orders are designed to limit investors’ losses on security positions. For example, let’s say you own stock in Company XYZ, which you […]
You want to make some extra cash day trading. Great! But before you get started, there’s one crucial decision you have to make: which brokerage firm should you use? Not all brokerages are created equal, and picking the wrong one can cost you dearly—in commissions, fees, and lost opportunities. So how do you know which […]
Day trading is a strategy in which a trader buys and sells stocks daily to make small profits that add up over time. You need access to a good day trading platform to succeed at day trading. This blog post will go over some of the best day trading platforms of 2022. 1. Thinkorswim […]
Day trading can be a risky business. But with the correct information and strategies, you can increase your odds of success. So, what are the best stocks to day trade? Here’s a look at a few factors you should consider. Join now to learn what stocks we like to trade and the strategies we use to […]
When you’re ready to buy or sell a stock, you must place an order with your broker. A market order is the most basic type of order, and it simply instructs your broker to buy or sell a security at the best price. Market orders are executed immediately and provide the investor with the least […]
When starting out in day trading, you must know exactly how much buying power you have. After all, you don’t want to overcommit and be unable to cover your positions. So, what is day trading buying power? In short, it’s the amount of money you have available to trade with on any given day. Here’s […]
Day trading is buying and selling a financial instrument within the same day or even multiple times in a single day. Taking advantage of small price moves can be a lucrative game if played correctly. Despite the name, not all day traders are dummies. In fact, many day traders are pretty savvy. However, there are […]
A limit order is an order to buy or sell a security at a specified price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Limit Orders A limit order is not guaranteed […]