Finest Buying and selling Software program With Purchase & Promote Alerts
Intro: 0:00
My Standards To Decide The Finest…: 0:40
The PowerX Optimizer & The Wheel Calculator: 5:01
What’s the finest buying and selling software program with purchase and promote alerts?
As you already know, there are 3 pillars of buying and selling:
1. Technique
2. Instruments
3. Mindset
After I say “Instruments”, I’m speaking a few buying and selling software program that helps me with my buying and selling technique. And on this video, I’ll present you how you can discover “the most effective one”
I’ve carried out “ discover the most effective…” movies earlier than, for instance, “how you can discover the most effective dealer”, “how you can discover the most effective buying and selling technique” … and each time I do a “finest” video, I first outline what “finest” means.
And for that, I’m selecting standards which might be vital to me.
These standards will be completely different for you, and that’s fantastic.
However listed below are the factors that I take advantage of when in search of “the most effective buying and selling software program”
Initially, buying and selling software program must help my buying and selling technique.
And listed below are the three parts of a buying and selling technique:
1. What ought to I commerce?
2. When to enter?
3. When to exit?
So clearly, “the most effective” buying and selling software program must reply these questions.
For “what ought to I commerce”, I desire a scanner that scans by the entire shares which might be on the market and finds the most effective one to commerce for me.
So Standards #1 is: Configurable Scanner
Let’s write down the factors first after which we’ll examine the two buying and selling instruments that I personally use.
Subsequent, WHEN TO ENTER
So I need “Particular Purchase or Promote Alerts”
Subsequent: WHEN TO EXIT
I need to know the cease loss and the revenue goal
So these are the fundamental 3 standards. If a software program doesn’t fulfill these standards, I can’t be “the most effective”
Making sense up to now?
If it does, click on on LIKE proper now.
However let’s dig deeper:
I additionally wish to know what number of shares or contracts I ought to commerce. That is primary threat administration, and for me, that’s vital.
Standards #4: MY Place Measurement
The subsequent factor on my listing is a “commerce report”:
I need to know each single commerce that occurred over the previous yr with the precise entry, date, place measurement, revenue goal, cease loss and consequence.
Standards #5: Commerce Report
Lastly, you may want the Efficiency Report. The Efficiency Report provides you a abstract with some KPIs like successful proportion, ROI, common successful commerce, common shedding commerce, and so forth.
Standards #6: Efficiency Report
Finest Brokerage Account 2020: https://youtu.be/4MoU-UiDAi4
Finest Buying and selling Instruments 2020: https://youtu.be/fU3C0qoHjPw
The Finest Buying and selling Technique Throughout The Inventory Market Crash 2020: https://youtu.be/-zLxLmKY47U
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