WAYS TO FORMULATE TRADING IDEAS
WHAT WE DO
The UpStock Trading Resource Platform started with a group of traders who wanted to give back to the community and share their learning experiences to help shorten the learning curve. Many traders make simple common mistakes, but Day trading is a never ending learning experience! It’s great to surround yourself with knowledgeable traders that will help you succeed. The UpStock Trading chat is engineered to provide traders with live trading ideas. We want to help you jump through the hurdles of day trading.
Charting and L2 is crucial to day trading. Charts (a principle tool for technical analysis) visualize the price action by plotting the market data history of the underlying financial instrument, on a graph. The visual representative allows easier identification of common or rare price patterns. Technical analysis tries to answer questions applicable to the price action. What is support and resistance? What is the trend? The next tool is L2 (also known as Market Depth). Many traders do not know exactly where or how to learn to read the L2, which can help determine the data being plotted on charts and can be just as resourceful as technical analysis or charting. Traders will learn to determine chart history and prices to catch the next Up Tick.
UpStock trading provides Daily Recaps and Newsletters to traders. The Daily recaps will essentially be a watch list created for that day, and that is updated with the potential trades for the day. At the end of each day, we will go over the trades and review charting skills and why it is beneficial to understanding the details on trades for that specific day. Our Newsletter will be a service provided in the future (once we have a system established, you will be able to receive a variety of information and trading strategies, i.e. day trading or swing trading).
Our Free Chat is a great way to keep ideas floating around! One of its many benefits is the ability to reach out to other traders during trading hours and share ideas to help each other beat the market. The UpStock day trading chat room specializes in scanning the markets thoroughly to find best trade ideas applicable to every day market behavior. UpStock Trading implements rules in the FREE chat room to focus on learning and expanding knowledge of traders. Having multiple day traders in the chat room will generate the growth of market coverage. UpStock Trading started the chat for new traders looking to learn to avoid making simple yet expensive mistakes.
“Upstock Trading has helped me identify the markets through an easy way. It explains market trends in simple words such as resistance, support, reversal, and so forth. Also, the free material available is priceless. Chat is business oriented, with great moderators, which post live trades, and respond questions.”
“UpStock Trading provided me a stress-free and simple way to understand how to successfully trade. Learning how to read charts and trade based on that knowledge helped greatly increase my gains. But the biggest thing I learned was how to control my emotions – that alone netted me over 11k in gains within the last month.”