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Cobra Trading Blog

How to Develop a Trading Plan

How To Develop A Trading Plan You must have heard various traders talk about their trading plans, how they follow them, or how they prefer to be flexible despite having one. What does that mean, and do you need a trading plan? Let’s break it down. What is a trading plan? One of your main goals as a day trader is to become consistently profitable. But how does one become consistent? That’s where a trading plan comes in. As...

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Short Selling

Short Selling Most people assume day trading is buying a stock at a low price and selling it at a high price. It may be that, roughly, 90% of traders buy long. This is just a more commonly known way to trade on the market. However, you can also make a profit by placing a bet against the stock. All you need to do is sell the shares high and buy them back low. That is called...

Risk Management

Risk Management Risk management is a vital part of day trading. Just like a solid trading plan, adequate risk management is meant to protect you from blowing up your account on accident. Don’t have a trading plan in place?  ! How should you calculate your risk? Before you enter the trade, you should realize how much money you’re willing to bet and how much of it you’re prepared to lose. Some people prefer to go by a percentage...

How to Choose Your First Broker

If you are planning to invest, your main goal is definitely to earn some income. When you want to invest, you must have a brokerage account. Brokers are important as they simplify investing. For younger investors, however, the first question that crosses their mind is how to choose their first broker. Older investors spend no time pondering on this question as they already know what to consider. Before we go into details on the entire process,...

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Smart Tips For Healthy Investing

A healthy approach to investing requires knowledge and expertise, as well as a reliable platform. Thoroughly researching a company prior to investing is important, as well as choosing the right companies for your interests and financial goals. Avoiding fads and private companies, a diversified portfolio is the best way to secure your financial stake against any market downturns or industry-specific collapses. Be Realistic and Optimistic The first step to healthy investing is to acknowledge the current market...

Trading With Scared Money

“In the market, the fear of losing one’s fortune is every bit as intense as the fear of losing one’s life from an attack by a wild animal. I don’t think I could put the difference between consistent winners and everyone else more simply than this: The best traders aren’t afraid.” Mark Douglas – The Disciplined Trader.   Scared Money is, simply put, money that you should be using for something else other than trading. This might...

Locate Shares Of Hard To Borrow Securities

Both the Sterling Trader Pro and DAS Trader platforms we offer have an integrated locate monitor where you can locate shares of hard to borrow securities. Clients can also contact us to request a locate via instant messenger on Symphony or via the live chat feature on our website, www.cobratrading.com , as we have multiple sources for borrows and the locate tool does not yet encompass all of these sources. [vc_empty_space][vc_column_text] Locate fees will typically run between 1 and...

Are You An Undisciplined Trader?

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” -Pablo Picasso Know this: A winner against your rules is really a loser. One of the worst things that can happen to a trader is to win on a move that goes against his/her trading plan. When you are undisciplined and are willing to go...

Five Things to Consider When Comparing Brokerage Firms

Whether you’re a new trader looking to get started, or a seasoned investor searching for a new home, the task of finding a brokerage firm is rarely an enjoyable one. Sure, there are some common priorities which spring to mind immediately (i.e. investment options, reputation and regulatory memberships, insurance on deposits, etc.) but there are other factors involved which can be equally important. In this post we’ll explore some of these other variables which may...

Why Keep a Journal of Your Trading and a Free Template

Too often we hear from struggling traders who ask what they can do to improve their trading. The questions I always ask in response are, “Did you follow your trading plan?” and “What trades are, or aren’t, working for you?”. We discuss trading plans in a separate blog post, but a trade journal is a separate and equally necessary tool in your trading arsenal.   What is a trading journal? A trading journal is a tool used...