Trading Basics

Journaling for Success—Trademetria

Do you know what your profit factor is? How about your average holding time? Ok, let’s simplify. Do you know what your win rate is? How about the average hold time of your wins vs. … read more Journaling for Success—Trademetria

Making a Trade 6—Understanding Stops

Trading has a language all its own, and sometimes it can be confusing, so we want to help explain stop orders so you can make good decisions on the best way to use them. When … read more Making a Trade 6—Understanding Stops

Making a Trade 5—I Missed the Trade Alert

We realize that not everyone is going to be staring at their computer or phone all day. At least we hope that’s the case—that’s the whole point of Wanderer! But the question we often get … read more Making a Trade 5—I Missed the Trade Alert

Making a Trade 4—Selling at the Target Price

As we discussed in the last post, we’ve now got a stop order placed that protects us to the downside. Now, some brokers allow an OCO order—One Cancels Other—but some don’t. If your broker does … read more Making a Trade 4—Selling at the Target Price

Making a Trade 3—How to Place a Sell Stop Order

In our last post we purchased BAC at $22.81. Now that we own those shares we need to manage our risk by placing a sell stop order. A sell stop order is an order to … read more Making a Trade 3—How to Place a Sell Stop Order

Making a Trade 2—How to Place a Trade

After receiving your Trade Alert the next step is actually placing the trade. We use Tastyworks as our brokerage, but the mechanics of making the trade will be very similar for all brokerages. Our trade alert … read more Making a Trade 2—How to Place a Trade

Making a Trade 1—Trade Alert

Trade Alert When we make a trade at Wanderer Financial we immediately begin the process of alerting subscribers. Within one minute you will receive an alert via WhatsApp, and within two to four minutes will … read more Making a Trade 1—Trade Alert

The private traders edge
The Private Trader’s Edge

Can you really make money in the stock market?  After all, don’t the professional traders have the edge? Well, yeah, they have a lot of advantages you or I don’t have, but we, as private … read more The Private Trader’s Edge