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Kenny Glick
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Nick Black
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Tom Gentile Replays
Mark Sebastian Replays
Chris Johnson Replays
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TRADING 101 – A STARTER PACK FROM MONEY MORNING LIVE


We put together a Trading 101 Starter Pack to get you prepped for trading. Keep
in mind that our experts have been trading their entire professional lives, and
it’s taken them many years to attain the knowledge they have now. We want to
help you make money ASAP, but we also want everyone trading responsibly and
learning the right way.

In fact, that’s the whole reason we started Money Morning LIVE in the first
place. So make sure to join the show every morning at 8:30 AM ET, and in the
meantime, take advantage of the Trading 101 Starter Pack. We also have an
options trading starter pack. 




TRADING STRATEGY 101



Consider Paper Trading

 

AKA simulated trading. Most brokerages give you the ability to practice trading
with fake money before putting your own money to work. This is a great way to
practice different strategies, risk-free, while learning about the market and
your specific trading platform. 



Have a Plan

 

Yes, we discuss a ton of trade ideas at Money Morning LIVE, but NEVER buy a
stock or option we mention without a plan first. At the end of the day, our goal
here is to teach you HOW we do what we do, so you can eventually do it on your
own.

Also consider that there many different ways to trade… but what could work best
for YOU? We have a variety of different experts at Money Morning LIVE, so stick
around to find the trading strategy that’s right FOR YOU.

No matter what style best fits you, you will need to put in the work to execute
it.



Start Small

 

A losing trade should never blow up your account, especially when you’re just
starting.

Never Sell Your Entire Position at the Same Price

 

This is a Kenny Glick classic. If you buy 10 shares and the stock goes higher,
we could usually not recommend selling all 10 at the same price. Depending on
your goals, you could sell a few shares and then set a new stop. Speaking of...




TERMS TO KNOW


ETF = Exchange Traded Fund


 

ETF stands for exchange-traded fund. There are ton of different ETFs out there
tracking basically every sector under the sun. There are ETFs for every stock
sector, such as housing, tech, and banking, along with commodity-focused ETF for
things like oil, gold, and even weat. Seriously, there are ETFs for everything,
and they're a good way to track where the market is strong or weak. 





 

 

The QQQ AKA "The Qs"

 

If you're trading with the Money Morning LIVE team, you need to have the QQQ on
your radar. The QQQ is an ETF (just ignore when Kenny Glick refers to it as a
stock) that tracks the Nasdaq-100 index, which means it's tech-focused and is
heavily weighted towards the stocks that matter most in the market. 






Targets & Stops

 

These are the important concepts to know when first trading because it forces
you to form a plan.

Every trade needs a target, either a profit target or price target, that marks
your exits on a move in your favor, plus stop levels, meaning levels you’re
willing to get “stopped out” on if the position moves against you. 



Short Selling / Shorting

 

To short a stock means you’re betting it goes lower. However, the mechanics
behind it are sometimes hard to wrap your head around.





 

Options Trading

 

Options are contracts that contain 100 shares of a security. The contracts give
you the right to buy the security by a given date, at a given price. Options are
an attractive instrument for traders because they provide more leverage versus
trading stocks.

For now, understand that buying a call option suggests a trader is betting a
stock goes higher, while buying a put option suggests they want it to go lower.
Long calls are bullish, long puts are bearish. 





 

Limit Order & Market Order

 

There are multiple ways to enter and exit positions. First understand limit
orders and market orders. Limit orders are when the trader sets a price that he
would like his order to execute at. If you are buying, an order can be set to
mark the highest price you will pay. When selling, it can mark the lowest price
you will accept.

A market order simply executes at the current market price.  







TRADE EXAMPLES

 

We'll have plenty more education coming your way, including more advanced
trading material. In the meantime, you can check out this collection of clips of
our experts placing a variety of trades. 






 



 



 



 






FOOTER

Money Morning gives you access to a team of ten market experts with more than
250 years of combined investing experience – for free. Our experts – who have
appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing
tips and stock picks, provide analysis with actions to take, and answer your
biggest market questions. Our goal is to help our millions of e-newsletter
subscribers and Moneymorning.com visitors become smarter, more confident
investors.

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© 2022 Money Morning Live, Inc. All rights reserved.

Welcome to Money Morning LIVE! Join us today and you’ll be hearing from
financial experts who will be sharing their advice, ideas, and recommendations
for public consumption across a variety of trading and investing topics. This
advice is not tailored to any individual viewer’s personal circumstances.
Remember all investing carries risk and no one should ever risk more than they
can afford to lose. You are fully responsible for your investment decisions. We
encourage you to consider all relevant factors, including your own financial
circumstances, before making any investment.


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