What types of trade ideas do you usually go for? Every investor is different, and to be quite honest, we are always changing. My lens as an investor has continued to grow over the years as I learn more about the market and as I adjust my tolerance for risk. As people age, they tend to take on less risk due to getting closer to retirement age. For me so far, the exact opposite is happening, but I’m at that age where I have a particular window as I’m taking in a wealth of information thanks to an investor mentor friend of mine.
You can never have too many trade ideas, but you have to learn how to measure them out and only make moves on the ones that make sense for you. The more you know about the market the better. But you can also absolutely pay too much attention to the market as well. I have learned that for sure. If you don’t know the options market well, I suggest diving headfirst into it to learn more about it based on the volatility of stocks in the 21st century.
It’s good to learn the options market anyway. You can sell calls and puts amid buying shares, increasing your profits and leveraging your money in different directions, creating more diversity. As for specific trade ideas, I like a company whose ticker is RUN, a solar power company. I also like the way the Pet meds industry is thriving and the reasons behind it, so I would suggest PETS being a great future play.
Intel continues to lead innovation in terms of the Internet of Things. Purchase a 100 share block of INTC and write a covered call continuously while collecting dividends. If you’re looking to day trade, well NBEV is one spec stock that seems to be making a name for itself recently.
You can certainly day trade the bigger stocks, too, but you certainly do need the best software and a lot of money to make those daily gains worth the research. Have you looked at the crypto market these days? That’s another place to look, and I will leave you with two more stock picks for trade ideas. They are BGS and YEXT. Take a look at those tickers and see what you think. I have a stockpile of a watchlist, so I never run out of trade ideas.
Looking at my current watchlist, I see all kinds of trade ideas for the current quarter. Companies report at different times, but when it’s time for reports to come in, they all seem to hit at once. Earnings time is when companies either hit or miss the mark. If you’re a day trader, you know that sometimes those trades earmarked for a quick sale can sometimes end up being swing trades.