Introduction to Webull
Webull is an online stock trading platform that provides investors with real-time market data, news, and analysis. It is designed to help investors make more informed trading decisions. Webull offers a variety of features, including a customizable watchlist, advanced charting tools, and a wide range of order types. Webull also provides access to a variety of market data, including real-time quotes, news, and analysis.
Benefits of Using Webull Tools for Trading
Webull provides investors with a variety of benefits, including access to real-time market data, news, and analysis. This allows investors to make more informed trading decisions. Additionally, Webull offers a variety of features, such as customizable watchlists, advanced charting tools, and a wide range of order types. This makes it easier for investors to find and execute trades.
Strategies for Making Informed Trading Decisions with Webull
When using Webull to make trading decisions, investors should focus on the fundamentals of the stock. This includes analyzing the company’s financials, news, and other relevant information. Additionally, investors should use Webull’s charting tools to identify trends and patterns in the stock’s price. This can help investors identify potential entry and exit points.
Basics of Buying Low and Selling High
One of the most important strategies for making money in the stock market is buying low and selling high. This means that investors should look for stocks that are undervalued and have the potential to increase in value. Webull’s charting tools can help investors identify stocks that are undervalued and have the potential to increase in value.
As seen in the image I like to look for stocks that are consistently bouncing between a range of prices. Now to be effective with this the more shares you can buy the more you can make. Lets say for example a stock over the past 2 weeks has consistently gone up and down between $3.98 and $5.12. Knowing this I’m going to put in a limited buy order for 100 shares $4.17 that is good for 90 days. But I’m going to keep an eye on the share price because I’m expecting it to hit that price within the next 10 days.
This method allows me to not have to constantly watch the stock and the buy is going to fill while I’m busy working my normal day job. Now a few days have gone by and I see that notification on my phone that the order has filled. I never want to sell a swing trade on the same day as I buy unless I have a margin account with over 25K with unlimited day trades available. Selling the same day will get you locked out for pattern day trading. But on the very next trading day I’m going to put a limited sell order for those 100 shares to sell for $4.77.
So I just made .60 profit per share on 100 shares which equals $60 profit. If done correctly and you minimize risk you can quickly grow a trading account. Keep in mind that in swing trading you not going to always win. Try to have enough money to double down if need be to reduce your average and get out without a loss. But 100 shares at 4.17 would be $417 that you might not have. So instead of buying 100 shares. By 10 and do the same thing to make $6.
Webull Shows Average Cost Other Traders Are In At
Webull also provides investors with the ability to view the average cost other traders are in at. This can be a useful tool for investors who are looking to buy or sell a stock. By viewing the average cost other traders are in at, investors can get an idea of the current market sentiment and make more informed trading decisions.
Using the top losers I look for stocks that have had bad news. Understand that when stocks get bad news there is usually an overreaction to the news meaning the news brings the price way lower than it should. A lot of times these are temporary problems and there will usually be some bounce back. I love finding $3 stocks that the average person is in at $12 or more. When I do jump on one like this I’m not trying to get $12 but trying to $5.50. That bad news might stick but what brought the price down was people was selling more than buying.
Share price is supply and demand basic capitalism. But not everyone who was hold at $12 sold or the price would have went to $0. Instead those $12 holders are going to wait for the price to stop falling and average down. That means those holding at $12 are going to start buying up to get there average lower, this should bring the price back up some which creates the bounce. This is yet another swing trade strategy that I use.
Using Top Losers and Top Gainers To Find Trades
Webull also provides investors with the ability to view the top losers and top gainers in the market. This can be a useful tool for investors who are looking to find potential trades. By viewing the top losers and top gainers, investors can identify stocks that are undervalued and have the potential to increase in value.
As mentioned above the top losers list feature on webull can help you find deals on stocks. But becareful with this and always zoom out on the chart and check the related news to understand why. Usually a top gainer today is going to be a top loser tomorrow and those are not the ones your want at least not yet. I’ll get to that.
Another strategy you’ll find to work well is taking note of the top gainers. These are usually low float stocks that had really good news. A low floater with really good news is not uncommon to go up over 100% but day traders pumping it up usually get stuck up with a high average as the price comes back down to reality. Like its been said that the top gainer today will likely make the top loser list tomorrow.
But I like to watch the a stock that went way up and has people trapper at a high price because a lot of them will wait for about 3 days for the price to settle and start averaging down. Once again this creates that bounce for the swing trade. It is more complex than this and there is a ton of variables that dictates the outcome but the only way you’re going to get good at is spending time in the market.
Low Float Stocks With Good News Equals Big Returns
Another strategy for making money in the stock market is investing in low float stocks with good news. Low float stocks are stocks that have a low number of shares available for trading. When these stocks have good news, they can often experience large price increases. Webull’s charting tools can help investors identify low float stocks with good news.
Because I check the top gainers list so frequently some stock tickers get remembered as what I like to call frequent runners. Stocks that have that history of running and have a low float when I see them at a good price also taking in consideration what the average holder is in at I buy me some and if it goes down too much further I buy some more to average down.
Conclusion: Making the Most of Webull for Trading
Webull is a powerful online stock trading platform that provides stock traders with real-time market data, news, and analysis. By utilizing Webull’s features, such as customizable watchlists, advanced charting tools, and a wide range of order types, investors can make more informed trading decisions. Additionally, investors can use Webull’s charting tools to identify trends and patterns in the stock’s price, as well as view the average cost other traders are in at. Finally, investors can use Webull’s top losers and top gainers to find potential trades, as well as identify low float stocks with good news. By utilizing these strategies, investors can make the most of Webull for trading.
But wait there’s more! If you are new to trading another neat tool Webull has is paper trading. I suggest practicing these methods with paper trading tool before risking any real cash. Keep it realistic. Don’t create a paper trade portfolio of 100k if you’re only starting out with $100. If you can’t make $100 profit your not going to be able to make 100k profitable.