Trading Basics
Trading Basics—Pattern Day Trader Rules
This isn’t exciting stuff, but it’s important information for a lot of new traders. If all you are doing is trading Wanderer trade alerts you won’t ever run into problems with the Day Trader rules, … read more Trading Basics—Pattern Day Trader Rules
Trading Basics—Breakdown of a Quote Page
When you are floating around Google or Yahoo, or really just about any finance site, you’re going to come across a quote page like the one below. They are all pretty standard, so let’s quickly … read more Trading Basics—Breakdown of a Quote Page
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 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