How to Day Trade From Home by Edward Day

Author:Edward Day
Language: eng
Format: epub
Tags: day trading, investing, stock market, passive income, work from home
Publisher: Edward Day
Published: 2020-06-30T00:00:00+00:00

Chicago Board Options Exchange (CBOE): This is an options exchange that is (you guessed it) located in Chicago. It is the largest of its kind in the entire United States of America and hosts more than 2,300 companies that trade nearly 1.3 billion contracts (options) every year.

Close: This can be used to refer to two things, namely the time at which a specific stock exchange closes for the day and the price that a certain stock was trading at when the stock exchange it is trading on closed for the day. Most of the major American stock exchanges (like the NYSE and NASDAQ) close at 4pm every day.

Commission: This is a fee that is normally charged by brokers on every sale of stocks that you make. It is usually calculated as a percentage of the total income into your trading account.

Common stock: If you own stocks in America, they belong to one of two classes; they’re either classified as common stock or they’re classified as preferential stock. Common stock is normally traded publicly and allows its owner to vote on matters relating to its holding company, to have a say in the election of the board of directors, and to benefit from any dividend payouts that its holding company may issue. In Britain (and in countries that used to be British colonies) they’re referred to as ordinary shares.

Convertible preferred stock: Common stocks are so cool that you might want to trade your preferred stocks in for a couple of them. Luckily there’s a type of preferred stock that allows you to do just that. This kind of stock can be put over into common stock for a price at a later date.

Corner a/the market: If you’re cornering a/the market it means that you’ve bought such a substantial amount of stocks belonging to a single company that you’re technically capable of forcing its stock prices to increase or decrease depending on the “ask” that you put on the stocks that you do control.

Cyclicals: These are stocks whose prices regularly fluctuate in predictable ways because of external factors influencing the market segment that they operate in. Ice cream and swimwear manufacturers are examples of cyclical companies because their profits increase during the summer months when the weather is good enough for a trip to the beach and they decrease in winter when their normal customers are huddled up in front of a heater at home. If you can identify the stocks that are cyclical (and if you can understand what the factors are that induce their cyclical nature), then you’re capable of making more informed predictions on whether a stock’s price is going to increase or decrease in the near future.

Day order: This is an order that you can give to a stockbroker instructing them to buy or sell a specific share if its price rises or falls to a certain point during the trading day on which the day order is effective. This order is only effective on the trading day that it is given for.

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