You can not make any money if you don't trade the right stocks. You could have the best tools, platforms and strategy. If you don't know how to find the right stocks you will lose money 100% of the time. Many beginner traders think you can just trade any stocks and make money. There are key features that traders use to find the best stocks. 

“Trade the best, leave the rest” Is a common saying in the trading world. It means trading a stock that doesn't move is time and money wasted. As traders we have to be very efficient with time management because if you watching the wrong stocks you are missing out on a opportunity somewhere else in the market. 

There are many different type of ways to find stocks in play and also many different ways to trade them. Some traders only trade exchange-traded funds only. Also people will only trade hot sector like Oil, Tech or Gold. They find a strategy that works well for them and they only trade what they know. 

Many hot stocks offer a great risk/reward setup opportunities. These stocks have a lot of volume and you will often find stocks with a downside of 10 cents and a upside of 30 cents, thats a 1:3 risk to reward ratio. These hot stocks have predictable moves, traders try to scalp part of a trade that is more predictable. Most days I will find four stocks that I like premarket that I see a high risk to reward. 

Each morning I search for the pre-market gappers, these are the stocks that have volume and some time of fundamental catalyst such as news, earnings or FDA approval. Now not all stocks that have news will move the way you want them to move. When the stock is up 40% pre-market it has downside potential but if it is a low float stock with high volume, it could push to 50% or even 100%. 

Each day, there different stocks that are hot and find momentum. As day traders we are hunters of volume, stocks that have volume have more predictable price actions. During the day I have many scanners running that are filtering out stocks that meet my criteria. My main scanner is the “Breaking out on Volume Scanner” this filters out stocks that have low volume during that time, so if a stock suddenly gets a ton of volume I will get notified.

Now as you learn more about stocks you will learn what types of stocks make the best moves and are more predictable. This is what I look for: 

 Momentum traders take advantage of short-term price action in a stock. Whereas a swing trader may hold a stock for days or weeks, a momentum day trader will generally buy and sell a stock within the same day.

Stay happy and stay positive! 

More free Courses www.youtube.com/c/carterfarr

Join the Trading Team( https://discord.gg/kYQ2SDk )

 People read books and study but they never really learn how to day trade!! Stop Trying to Learn Day Trading Strategies and start DayTrading! Too many people get so caught up in the idea of learning DayTrading strategies.  #DayTrading #StockMarket #pennystocks Chat Room: https://discord.gg/RAnCPPj 

Nio, commonly referred to as the Tesla of China, surged as much as 8$ early Monday after the company said its quarterly deliveries topped its own target by 9%. Nio says it has sold 3,350 ES8s -its first volume-manufactured vehicle - and plans to launch its second vehicle, the ES6, in June or July of 2019. Nio went public on the New York Stock Exchange in September.

https://www.youtube.com/watch?v=OqK-u5s06vw&t=112s Watch here. 

Subscribe on YouTube: https://www.youtube.com/c/carterfarr

When the Los Angeles Times reported that Netflix was more than $20 billion in accumulative debt ($15.7 billion in streaming content obligations and $4.8 billion in total gross debt, according to a Netflix representative), people wondered about the company's financial future. 

#Netflix #StockMarket

www.youtube.com/c/carterfarr

Books:  

Active Trader: https://amzn.to/2I7Dpgv 

Swing Trader: https://amzn.to/2NBcvDI * 

Chat Room: https://discord.gg/RAnCPPj *

The last two bear markets on Wall Street shows that this strategy would have slashed your risks by as much as a third, and would have yielded you much greater long-term profits on the way back up. Less risk, more money. What’s not to like?

Join the chat room: https://discord.gg/J24Ba5E

https://share.robinhood.com/carterf40

I have partnered up with TradeIdeas  recently to bring you discount products they have! Most of you have seen  my TradeIdeas Scanner in the group chat!! Click the Link to Join!!   https://www.trade-ideas.com/referral.html?p=tradelikecarter&w=pricelist

Hope this helps new traders!!

Hope you enjoy the podcast!! Drop a subscribe! 

Join me on YouTube www.youtube.com/c/carterfarr

Top 3 Stocks for Growth

Join me me on www.youtube.comc/carterfarr

 Why its Okay Not to Trade  Day trading is a great job but some times the stocks just don't met your strategy. Is it okay to sit back and let the stock move!!  

Stock Trading vs. Investing Trading and investing both involve seeking profit in the stock market, but they pursue that goal in different ways.  Traders jump in and out of stocks within weeks, days, even minutes, with the aim of short-term profits. They often focus on a stock’s technical factors rather than a company’s long-term prospects. What matters to traders is which direction the stock will move next and how the trader can profit from that move.  Investors have a longer-term outlook. They think in terms of years and often hold stocks through the market’s ups and downs.