Here is a list of web sites / tools that I use to assist in my trading efforts. Although some of these encompass other areas of interest to me, they are included as they add value in preparation, market analysis, or information gathering.

A site that all traders should use daily. A wealth of information, scanners, market gauges. Did I mention the scanner? LoL
I use this site a lot when I want to look at detailed candle patterns, etc. If you are interested in candlesticks, this site is for you.
For newer traders, the Cheat Sheet section may be of great interest. Another site with an enormous amount of information in one spot. Spend time here.
Site with tremendous amount of information and trade ideas. A must use site for traders.
Patterns and Stats
Good source of market information, perspective. Dow Jones info. Russell info.
Dow Jones Indexes
Russell Indexes
I use these sites primarily to create my charts. There is also educational info available.
I use these web sites to look for information and trade ideas for pairs or spread trading.
Good TA information
I use this site a great deal for my scans. Play around here, you will be glad you did.
A cool site with a variety of tools available including a Heat Map with filtering & sorting
Sites for information, events, breaking news, etc. http://nytimes.comhttp://wsj.com
Good source of information for PMI data, etc. Markit   Economics
Good source for various ETF categories including leveraged types & Currency ETF
Currency ETF
ETF Database
Good source for Options info CBOE
Max Pain
Option Calc
Miscellaneous Tools I use MobileDay Conference Software


10 thoughts on “Tools

  1. Derald –

    Thanks for posting this. This is very helpful. I was wondering if you could blog on a topic around this concept of tools. My personal struggle has been with research and preparation on a trade. While I do spend a-lot of time researching and planning. I become overwhelmed with the amount of information and new trade ideas on the stream, etc.

    I would appreciate it if you could blog on this topic to how to organize as a trader when it comes to research, planning, etc.



  2. I can see how the wealth of information available today can be overwhelming indeed. For those that find themselves in this situation, I would suggest that you pare down your approach to just 1 simple method of entry/exit. For example, I post frequently on the RSI buy/short concept. Pick a few stocks that you know well and put up a 5 minute chart of each & turn on RSI. Look for entries when it hits near 30 or falls through to go long, and when it breaches up through 70 look to put on a short pos (if you do that sort of trade).
    I can find these sort of opportunities every single day – and feel that any trader no matter the skill level can benefit from it.

  3. Derald –

    Thanks for taking the time to respond. I am using TC2000. I have set the RSI indicator via the 70/30 HL. I also use STO so this will provide additional validation.

    – Noman

  4. Derald –

    I wanted to ask you another question. This is relating to moving averages. I typically use “Exponential” Moving Averages. I have noticed that many traders use the “Simple” Moving Average. Are there any advantages or disadvantages to which one to use? Or is this purely based on personal preference?



  5. I use SMA primarily, but will come across scenarios where the EMA comes in to play. Both worth keeping an eye on for sure.
    On most of my Daily charts, I run an 8d EMA

  6. Thank you very much for the Information.
    Finviz and Freestockcharts were familiar to me but the others not.

    Regard Mar Tielbek

  7. I would like to thank you so much for the work you have made in writing this post. I am hoping the same effective work by you down the road too.

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