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* Source: aWanderingMind.Life . Investing in the stock market can be a rewarding way to grow your wealth over time. However, the process of selecting the right stocks to buy can be daunting, especially for beginners. This guide will provide you with a detailed, step-by-step approach to figuring out what stocks to buy. Step 1: Define Your Investment Goals Before you start picking stocks, it's crucial to define your investment goals. Are you investing for long-term growth, income through dividends, or a combination of both? Your goals will significantly influence the types of stocks you should consider. For instance, if you're investing for long-term growth, you might want to focus on stocks that have the potential for high returns over time, even if they might be riskier. On the other hand, if you're investing for income, you might want to look for stocks from companies that regularly pay dividends. Understanding your investment goals also involves considering your inv

* Source: aWanderingMind.Life . Momentum trading is a strategy that has gained popularity among stock market traders and investors. It involves buying and selling stocks based on their momentum, or the speed at which their price is moving in a particular direction. This guide will provide a comprehensive overview of momentum trading, including its principles, strategies, and tips for success. Understanding Momentum Trading Momentum trading is based on the idea that stocks that are moving up will continue to move up, and stocks that are moving down will continue to move down. Traders look for stocks that are experiencing significant price changes over a certain period, with the expectation that the trend will continue. This strategy is rooted in the behavioral economics principle that market participants often underreact to news, causing trends to persist. The Psychology Behind Momentum Trading The success of momentum trading is largely attributed to the psychological biases of m

* Source: aWanderingMind.Life . Position trading is a powerful strategy used by many successful traders. Unlike day trading or swing trading, position trading involves holding onto a stock or other financial instrument for a longer period, often weeks, months, or even years. This guide will provide you with a comprehensive understanding of position trading and how you can use it to your advantage. What is Position Trading? Position trading is a type of trading where you hold a position in a stock or other asset for a long period of time. This strategy is based on the belief that the overall trend of the market or a particular stock is more important than short-term fluctuations. Position traders are not concerned with minor price changes or short-term trends. Instead, they aim to profit from the overall direction of the market over time. Position trading is often contrasted with day trading and swing trading. Day traders buy and sell stocks within a single trading day, aiming to

* Source: aWanderingMind.Life . Swing trading is a popular strategy among traders and investors, offering the potential for significant profits while minimizing the time required to manage trades. This comprehensive guide will delve into the ins and outs of swing trading, providing you with the knowledge you need to get started. What is Swing Trading? Swing trading is a style of trading that aims to capture short- to medium-term gains in a stock or financial instrument. Unlike day trading, which involves making multiple trades within a single day, swing trading typically involves holding positions for several days to weeks. The goal is to capitalize on price swings during this period. Swing trading is particularly popular in the stock market, but it can also be applied to other markets such as forex, commodities, and cryptocurrencies. It's a versatile strategy that can be used in various market conditions, whether prices are trending upwards, downwards, or sideways. Why Choo

* Source: aWanderingMind.Life . Day trading, a unique form of financial trading, has gained significant popularity over the years. It's a strategy that involves buying and selling securities within a single market day. This comprehensive guide is designed to provide you with a deep understanding of day trading, its strategies, risks, rewards, and how to get started. Understanding Day Trading Day trading is a specific trading technique where a trader buys and sells a position within the same day. The goal is to capitalize on small price movements in highly liquid stocks or currencies. This method contrasts with swing trading and position trading, where traders hold positions for several days, weeks, or even longer. Day trading can be a full-time profession or a part-time endeavor, but it requires a significant amount of time, research, and dedication. Day trading is not for everyone. It requires a solid understanding of the markets, a clear strategy, and the discipline to stic

Why use Stash? What is Stash ? Simple answer: Stash is an online banking platform. Online banks are banks that operate without physical branch locations. Without the costs associated with having a physical brick and mortar location, these banks tend to have lower or nonexistent fees and higher interest rates than traditional banks like Wells Fargo or Bank of America, for example. Most have no monthly fee, and some don't even charge overdraft fees. You will never have to meet face to face with a banker, and you can manage your account(s) at anytime on a computer or mobile device. These banks also provide ATM access through networks like Allpoint.  Why Stash as opposed to another online bank? Stash  does something entirely unique to the banking sector: Stock Back Rewards . Theses rewards function the same way as a cash back rewards does, but instead of receiving cash for your purchase, you receive shares of the company. For example, during Amazon's Prime Day promotion, Stash  

3 Tools To Help You Pay Less Taxes We all have a love-hate relationship with taxes. While taxes go towards paying for public services everyone take for granted. We all wish we could pay a little less. Fortunately for us. There are a few things we can do to give less of our hard earned money to the government in taxes, and keep a little more for ourselves. The 401K Plan 401K plans are a great way to pay less in taxes and keep a little bit more for yourself, and many employers match your contributions, allowing you to essentially automatically double your tax-deferred contributions. With a 401K plan, you can allot a certain amount of money to be put towards your retirement before you pay your taxes, and you’d then be taxed when you start withdrawing your money later in life. The Roth IRA Account  Roth IRA’s are by far my favorite investment accounts. With a Roth IRA, you can make contributions after you’ve paid your taxes, and the great thing is that your money wil grow tax-free. Meaning

S&P 500 at a New All Time High The S&P 500 has rallied 59% from the bottom reached in march. My last post explained my strategy on taking advantage of the 2020 stock market crash. I was able to double my portfolio since March by primarily investing in SPXL. SPXL is a 3X weighted ETF tracking the S&P 500. Meaning, a 1% move in the S&P 500 yields a 3% move in the price of this ETF. I have locked in some profits, and now, I’m looking to redeploy some my gains into some new opportunities to make some massive profits. Many experts are now saying the stock market is too expensive to be deploying money into right now. The average P/E ratio of the S&P 500 is now sitting at 36.4 when the average normally sit at about 21.12. While many companies like Apple, Amazon, Google, Microsoft, and other companies with huge market caps have made significant gains. Most of the other companies in the S&P 500 have not yet recovered from the crash. The chart bellow shows the performance

Making Big Gains When the Market Makes Big Moves. Today, 03 September 2020, we saw a big dip in the market. The S&P 500 dipped 3% by 11:30 AM EST and this is how I took advantage of the it: Every morning, when I wake up, I take a look at futures. On this particular morning, they were all in the negatives. Then, I looked at my watch lists. By primarily looking at my list of the top 500 market cap companies, I anticipated a dip in the market. I’m always looking for a market dip. In my opinion, market dips provide a great opportunity to make money in both short and long term investments. Next, I looked at the VIX, the S&P 500 volatility index, and saw an increase. That cemented my decision. I went to my go-to stock for market dips, SPXS. SPXS is a 3X weighted bear EFT that tracks the S&P 500. Every 1% move downward in the S&P will yield a 3% increase in the price of SPXS. While I could have decided to short SPXL, a 3X weighted ETF that moves in the same direction as the S&