Some of these trading tools on this list, you don t use, and I can guarantee, that once
you use them, you will realize how strong they are. Especially the one s later on in
this list. I ve done my fair share of trading. So, I
ve seen mostly all the trading websites out there. The premium ones, where you have to
spend a whole mortgage payment every month to use them, the free ones, but they don t
give you too much information, and the one s I m about to share.
Free, but with major amounts of value. All of these tools are completely free, and they
give you a tons of value, and can make you a much better trader. So what s not to like?
Free and more money from trading? Sound s like a pretty good deal to me.
If you guys enjoy this video or maybe find a website that you like from this list. Give
this video a like. As my channel is pretty small at the moment, and it helps my channel
grow A LOT and most importantly, keeps me motivated to keep making videos like this.
So yeah, please? Number 5
We are going to start our list off strong. Number 5. NasdaqTrader. This website is for
all my day traders out there. If you have day traded before, you know that trading halts
are a big part of day trading. If you aren t familiar with trading halts, its basically
when a specific stock jumps up or down a huge amount in a short period of time. If it does
this, the market will halt it, meaning the price won t rise or drop for a short period
of time, basically frozen, usually for 5 or 10 minutes.
These can be insanely crucial for big gains, as usually if a stock halts going upwards,
when it resumes, a lot of the time, it will do another huge spike, or even go up an insane
amount again, to where it gets halted a second time. I ve even seen some instances where
it gets halted 4 times in a row. Well maybe you want a list of all these stocks
that are currently halted? Well that s when this website comes into play. It gives you
a complete list of stocks that are currently halted or that have been halted. It also gives
you the reason of the halt. So there are the volatility halts, which is what we just talked
about before. There s also news pending halts, and halts
because the Nasdaq needs more information about that specific stock.
So what you can do, is have this page up, and it automatically refreshes by itself.
Once you see a new ticker symbol. Check what time it was halted, and see if it halted going
up or down. Depending if it went down or up you can get ready to go long or short.
If you want to know when the market will resume, you simply see what time that specific stock
halted then add 5 minutes to that time. Usually, it will unhalt then. If it doesn t then add
10 minutes to that time, and it will unhalt there.
I should also be clear. This style of trading is extremely risky. As usually when the stock
gets unhalted, it has huge amounts of volatility. So yeah, you can make tons of money with this,
but you can also lose tons of money with this. So, just be careful.
I ll also leave a link in the description to all these websites, if you guys are interested
in any of them. Next on our list is number 4, TradingView.
If you a subscriber, you saw this one coming. If you ve ever watched my trading strategy
videos before, all of the chart analysis is done on tradingview. I absolutely love trading
view. As in my opinion, it s the best chart platform out there, and it s completely free.
Sure ,you can upgrade your account for their yearly subscription fee, and get more indicators,
lower timeframes, and real time market data. I personally have the pro plan, as I want
access to all their extra features. But if you re a beginner, and just need the
basics with some indicators. This chart platform is definitely for you.
To start us off, this chart works with basically everything. Stocks, crypto, forex, futures,
bonds, indexs, EVERYTHING. Just search whatever you want to lookup and boom, the chart will
pop up. You can even add them to a personalized list.
So if you want to make a personal watchlist for the morning, you just make a list, and
add the stocks to it, and you can even color code them. This way, you can just click through
each one quickly instead of typing the ticker symbol in. It s also a nice way to stay organized
Once you re on a stock you like, you can of course change the time frame you want to see.
Then there s an insane selection of tools to choose from.
Some of my favorites are the trendlines, you can draw them in any direction, change the
color, size, and even add alerts so you can get emailed if the price ever crosses that
trendline. The you have the fibonnaci retracement tool which is a popular trading tool, text
to leave notes on your trading plays which I find really useful to remind myself about
certain plays, long and short positions so you can easily see your trading plan and know
what the risk to reward ratio is, and finally the measurement tool, so say if you want to
see the percentage gain if a stock goes from (number A) to (number B) you can just use
the measurement tool and it ll show you the percentage gain.
Also whenever you are on a certain stock, you can see a bunch of key metrics quickly.
Like the volume, earnings, income statement, analyst ratings, and so much more.
There s also an option to leave notes. So if you want to remind yourself details about
this play, or when you want to exit, you can simply just leave a note, and whenever you
go on this stock, that note will be there. You can even do some pretty advanced things
like backtest strategies to see how successful they are on past market data. But I won t
go too in depth with that, as it s really advanced.
Then of course one my favorite parts, indicators. Tradingview probably has the biggest selection
of indicators compared to any other chart platform. It s kind of what they are know
for. They have all the basic ones like moving averages, VWAP, MACD, and so on. Then they
also have customized community built ones, and they even have ones to spot certain candle
patterns. Which all are extremely useful. Another cool part about TradingView a lot
of people don t know, is the Ideas section. So say if you were interested in buying I
don t know, Apple. You can type it in, and see a bunch of different technical analysis
from other traders in the community, and see their explanation of why they think its bullish
or bearish. Which is pretty cool. Next on our list is number 3. And it s a must
need if you re a trader and want to take it seriously. TraderVue. I wonder how they thought
of their name? I know it kind of sounds like the last one. But this one is different. Tradervue.
This website is really cool. So it s basically a trading journal, where you can keep track
of all your trades automatically, and see how profitable you are over periods of time.
An important part about being a successful trader, is always improving. It s always nice
to keep track of data like this as a trader, so you can see if what you are doing is working
or not. So with the free version you can import up
to 100 trades per month. To do that you just click this import trades tab, select your
broker, and It ll give you directions on how to find the csv file of your transactions.
You just upload the file and it ll automatically add all your profits and losses so you don
t have to keep track manually. Which is pretty sweet.
It ll give you tons of information on your past performance.
(https://www.youtube.com/watch?v=NRvdayrHleU&t=253s&ab_channel=WarriorTrading) (https://www.youtube.com/watch?v=3z2NpnooUfQ&t=429s&ab_channel=WarriorTrading)
Like your total gain or loss for that month. Average gain. Total amount of trades. Win
percentage. Total commissions. And so much more.
If you want to take trading more seriously. This is a must, as an important part about
becoming a successful trader, is keeping track of your trades and seeing how you can improve.
One of my favorite parts of this website, is the calendar feature. So you can see each
month and tell overall how you did. How many green days vs how many red days. Sometimes
that in itself, can be a pretty useful metric to see if what you re doing, is working or
not. And best of all, it s completely free. So,
why not? Next is number 2. So as we all know in the
past there has been those gamestop and amc meme stock situations. Where there has been
these huge pumps from social medias like reddit. Where lots of traders made the most amount
of profit they have ever made in their trading career from these stocks. Have you ever thought,
I wonder if there is a way to constantly scan the wallstreetbets subreddit so you can instantly
find stocks that everyone is talking before they even blew up.
That s when this website comes into play. Swaggystocks. I know, nice name right?
What this website does is constantly scan the wallstreetbets subreddit and ranks stocks
in order by how much they are talked about on the subreddit. You can put it on a 12 hour,
24 hour, or 1 week time frame. So here you can see the subreddit is currently
talking about Facebook, as recently it dropped a ton.
But what s also cool is that it ll color code if it was a positive, negative, or neutral
post. So if you see you a big huge green bar, it might be a stock you should look into.
As a lot of redditors are talking about it in a positive way
(Number 1) Next, but certainly not least is number one.
Finviz. Finfiz is one my all time favorite trading websites. As it s completely free
and gives you so, much, value. Like look at this homepage. Look at all this
information. To start us off, we have the stock market heat map. So whenever you wake
up in the morning, get your coffee, you can just hop on the finfiz s home page and see
if the overall market is doing good or not. You can also see if certain sectors are doing
better than others. It also gives you a list of top gainers, top
losers, and stocks with unusual volume. Which can usually be good plays if you re into day
trading. One of my favorite parts of this website is
right below this. Chart patterns. So let s say you are only interested in Ascending Triangles.
As you found a lot of success with this pattern, and only want to trade stocks that are making
this specific pattern. Instead of scrolling through every single
chart and seeing if they are making an ascending triangle or not. You can simply go to this
section on Finviz and click Triangle Ascending. It will then only give you stocks that are
making an ascending triangle. So you go through them, see if you like one, and then do some
more in depth research about it to see if you d be interested in trading it.
And they have so many more patterns like trendlines, wedges, triangles, channeling up, channeling
down, double tops, double bottoms, and head and shoulders.
So yeah, that section alone, makes this website pretty worthwhile. Then it has one of its
infamous tools that it s famous for. The screener. Unlike most websites, where you have to pay
a monthly fee to use their scanner. Finfiz s scanner is absolutely free and that s pretty
rare to find. So say you only want to find mid cap stocks,
with a p/e ratio of under 30, sales growth over 10%, average volume of over 500k, and
has insider trading. Finfiz will automatically filter through every
single stock on the stock market and only show you ones that fit those requirements.
So you don t have to look through a bunch of fluff, and only look at stock that you
d be genuinely interested in. And we really only scraped the surface with
the filters. There s tons of different ones to choose from. And some of them can be really
powerful. You also have these different tabs, so maybe
you want to see some financial metrics. Well, you simply click the financial tab, and it
ll bring up metrics like ROA, ROE, and ROI. Or maybe you want to see if there is any insider
buying? Then just click the ownership tab, and you can see insider ownership.
Another nice quick feature is if you want to see a quick example of what the chart looks
like, you can simply just hover over the ticker, and it ll give you a quick preview. That way
you can see if you like the general style of the chart or not.
If you guys are interested in Finfiz or any of the other websites, I ll put them in the
description. Actually I made a video on all my Finfiz screener
settings. Like settings for stocks to buy and hold, bounce plays, high earnings, dividend
stocks, and so much more. So If you want some nice screener settings,
these have worked wonders for me. Watch that video. Thanks for watching, and I ll see you
guys next time.