Let's talk how to choose a trading platform,
especially if you're looking to do some day trading
of stocks or even options.
And this is what I like to call the HAT method.
And this is a method that should be applied to any platform
that you are considering
to ensure that it contains all the different components
that you would want from a trading platform.
Now, the platform that I'm going to use,
I'm not saying this is the one that you have to use,
but I do think it's a great platform.
And as I take you through the HAT method with it,
it should be something that you are considering.
So the platform I am going to be using for,
you know, the example here for the HAT method is Webull.
I'll put a link down below,
full disclosure on my part, it is an affiliate link.
So if you click on that link and then sign up
and end up using them as your broker,
you will get a couple of free stocks
or whatever promotion they're currently running.
But I also get something too.
So you just want to be aware of that,
but also real quick, that's not why I'm recommending Webull.
Robinhood also offers affiliate programs,
and I do not recommend Robinhood.
I'm not going to get into the why's of that.
I've done other videos on it,
but I just want you to know
that I'm not just simply recommending Webull
because there's an affiliate program.
I'm recommending it because like I said,
applying the HAT method here,
you'll see it's a good quality platform that should at least
be considered.
So let's go through the first part of the HAT
and that is this.
You need to be able to hunt.
You need to be able to, well actually find stocks, right?
It's hard to trade, swing trade, day trade, invest.
It's hard to do anything if you don't know
how to actually hunt out stocks
that are worthwhile or options that are worthwhile, right?
So the first part is a platform's gotta allow you to hunt.
It's got to give you that ability
to perform this very, very necessary step.
So let's go to my desktop
and I'll show you and walk you through
the Webull platform in regards to the H part
of the HAT method, again, the hunt.
Now, before I get into it, I just want to say upfront,
I'm only going to be really scratching the surface.
There is a lot of customizing you can do.
There's a lot of layers
to just how deep you want to hunt
and find different setups and so on.
But I'm just going to show you just a broad sense
of how the trading platform
really does allow you to hunt
for whatever sort of criteria you have.
That's going to be different for everybody,
but that's the whole point here
is the platform gives you maximum flexibility
in terms of, you know,
finding the sorts of stocks
that you are actually out there hunting for.
So right here,
we have basically all the screeners
and you can get as nitty gritty
and as detail oriented as you want.
But just from a very broad perspective,
you can see that everything is set up very nicely
just in the default mode,
you have the overall markets up here to just give you
more so the broader context,
then down here you have active stocks.
So, you know, what are the stocks with the most volume?
And, you know, you just scroll down through there.
So as of the recording of this video,
AMD has the most volume,
over a hundred million shares,
and then you have ISG, if you're curious.
Okay, well, yeah, but I only want certain prices,
certain price range, well,
you can see right here that next column is the price.
So it makes hunting very quickly,
I mean, for example, let's just say,
and I'm totally making this up,
you don't want stocks above $10.
Well, right away, you could see that, all right,
AMD is not going to fit the bill.
But looking down here, ISIG, which is again,
has 90 million shares traded, well that one's at $1.27.
So right there now of course
you can customize this down even further,
but just from a very broad sense.
And then over here, you can see the top.
So right over here, you have top movers, SRRK,
which in fact, I'll just bring that across real quick.
And I've actually traded this one today.
So, I mean, I've hunted for that one.
I found it thanks to these scanners here.
So that's one where,
let me go grab that real quick, actually.
This was on one of my other monitors,
so I just took a screenshot of it,
but just to offer up the context that you can see,
and I realized that it's a little bit difficult to see,
but SRRK right there,
I traded it today for just shy of $460.
But like I said,
this was right here on the scanners, top gainers.
So as far as hunting
and finding these sorts of opportunities,
the platform makes that very straightforward.
Down here, what I like is you also have heat maps,
which shows where the most popular stocks are.
And that's just based on the size of the map.
So, you know, AMD, given it to this big old green box
is much more active than these other ticker symbols
that you're seeing down there.
Now, if you don't like those things,
you can totally get rid of them.
It's not like you have to stay with heat maps.
And then you look over here,
which makes it also very convenient as far as the calendar.
So what stocks have earnings coming up?
Are there any IPOs coming up?
You can click on any of those.
And then you can just get, you know,
what stocks are at 52 week highs, you know,
what are the hot stocks out there?
And like I said, it just goes on and on.
But, and like I said,
I'm not going to turn this into a four hour video
and I should probably mention this, maybe you're saying,
I like to hunt for stocks based on news.
While over here, you have the news category
and this is all streaming, I'm checking it out,
just now it looks like Nordstrom put out some sort of news.
You have one minute ago, one minute ago, two minutes ago.
So you get the idea here,
it's totally just mapping everything out for you,
very straightforward.
So when it comes to actually hunting
and finding opportunities,
this platform here gives you a variety of different ways
that you can do that.
As you saw a lot of great tools there
to help you get hunting and finding quality stock,
that are gonna fit your strategy.
The next part though is, well,
you got to be able to analyze, right?
So the analysis,
just because you find something in the hunting ,means,
well, you still gotta be able to analyze it.
You still gotta be able to look at it,
make decisions, construct trade plans,
and come up with a logical set of parameters
and an approach to the trade to make sure that,
well, you actually are doing something wise with your money,
to make sure that you were putting the odds
in your favor, that you're going to walk out,
making more money than what you started.
And in order to do that, well,
you need to be able to analyze, right.
You need to be able to perform an analysis
on whatever stock you have hunted out.
So that is the A part of the HAT method here.
So let's once again, go to my platform
and I'll show you the analysis tools
that Webull has to offer.
So the next part, analysis,
and the best way I thought I could do this
is just to kind of illustrate
how you can get as customizable as you want,
or how you can just use one of their default layouts
and maybe just manipulate a little bit
from that point in time.
But like I said, in the previous hunting section,
there really is a whole lot of nooks and crannies
and finer details that you can get down to.
And there's no right or wrong way to go about it.
The best way to go about it
is what makes sense in your mind,
what visually appeals to your eye.
But for this, I'm just going to go ahead
and let's just start with the blank layout here.
Now you could go to one of these,
like I said, so there's a default type of day trading one,
but over here, let's just go to the blank layout.
Because again, it's all about analysis
and the tools that you need to make sure
that your platform has the ability to make good decisions,
just because you can hunt out a stock
that you may be interested in.
You still need to analyze that stock, right?
Make sure that the huntable opportunity
that you have now located
actually makes sense
so that you can put together a game plan
and make the wisest decision possible.
And for me, as far as, you know,
day trading and even just swing trading,
technical charts are the backbone
to really day trade because it's all about price action.
And that's what a chart is going to give you.
And that's what Webull offers.
So over here, you can just go and right there,
it says chart.
So you click on that and right there,
we have a chart and I'll just make this as big as possible
so that you can see how it all works.
But, and this is what I really like about Webull.
They have fantastic charts.
And again, when it's free, it's hard to go wrong.
You could say that there may be knocking off the views
and you know, the style of other charts,
which are really nice.
And I don't think I'd really disagree with that,
but I mean, it is what it is.
They're not the exact same,
but they're still very nice
and they're very customizable.
So for example, I'll just show you
one of my favorite indicators
that I like to use is the VWAP.
And that's very easy to add, you just go up there,
you click V-W-A-P for the VWAP and right there,
it just shows up.
Now you can click on it.
Now it's over here, so you can click on it.
And right here, I mean, you can get, you know,
as far as colors,
as far as all sorts of different, you know,
from the customizable thing, you know,
that's what it's going to give to you.
But right here, you can see the charts.
And there's a lot of flexibility.
I would definitely recommend at minimum,
using the five minute timeframe, which is right there.
So you click on that and there is a five minute chart.
And, you know, you can, very, very, solid,
especially when again, going back to the free platform.
So if you want to draw a trend line or something like that.
Or let's, there we go,
so, you can draw a trendline,
you can do all sorts of different things.
And there's just so much flexibility
that it gives you, sorry about that,
I don't know if the mic picked up my kids,
but they just came into my office there,
but regardless.
So, you know, all sorts of different things,
trend lines, there's many different technical tools.
So actually, so you click on indicators
and right here, if you want to add in the MACD for example,
there you go, now you have a MACD.
Literally just a click of the mouse,
if you want to get rid of it, you know,
you just would go over there and click that X
and there it goes.
And then you have a lot of other different types
of analysis tools.
You have key statistics.
You have the level twos,
which is always very important.
I have lots of other videos on that.
There's the time and sales, there's volume analysis.
I mean, there's, like I said,
there are all sorts of various tools
that the platform is going to give you
to run your analysis.
But for me, like I said, at the core,
and what I believe should be at the core of your trading,
especially if you're looking to day trade
is you need to be able to make quick decisions.
You need to be able to make decisions
that are based on a set of ground rules,
some sort of foundation.
And you build that foundation, yes,
by hunting first to find something,
but then to actually analyze, inform the trade plan,
that's where you need many different tools,
but the main tools being,
like I said, the technical chart,
what you were looking at here.
And then I would also argue, the level twos
are also very important, which again,
the platform does have to offer.
I really do love those technical charts,
fantastic tool to use.
And it's something that you know,
you gotta have quality charts
and Webull certainly offers that.
Now the last part of the HAT method is the T,
which is for take action,
which, as we'll talk about more
when I go to my desktop is probably
the most important, because yeah,
you can do the H and the A,
but if you're never able to actually take action with it,
well, then these first two steps are kind of, well,
what does it even matter
if you're never able to actually take action?
So let's go to the platform now
and let's see how Webull offers you the ability
to take action in the way
that you would want to be able to do it.
And now I don't want to say the most important,
but a very, very important thing, right?
Because think about it, sure,
you can have all the tools to help you hunt.
Sure, you can have all the great tools to help you analyze,
but if you can't actually take action
on your trade plan with everything
we've talked to up until this point,
then really those first two things just don't matter.
I mean, like I said, you can be a great hunter.
You can find fantastic setups.
You can have great tools to analyze those setups,
to put trade plans together.
But then if you don't have really the tools
to be able to take action
in the amount of time that you need to be able
to take action.
Well, you basically just wasted your time with all that.
And that is why you need to make sure
that your broker has the final part of the HAT,
the take action ability.
And Webull, once again, has a great ability.
So you come over here and once again,
I'm just going to use the customize screen here,
but you click on trade and right there,
you would click onto order entry.
And,
actually sorry, not order entry,
remove that out of there,
Active Trade.
There we go, so active trade.
Let me try to make this as,
there we go.
And the way this works is it's all just click oriented.
Now I should also note that Webull does offer hotkeys.
So if you just wanna use hot keys,
that is completely available to you.
So it's not like you have to use
clicking of your mouse or anything like that.
But my point here is that, you know,
it does still allow you to be able to implement
and take action very, very quickly.
And this is all customizable.
So you look here and what it's telling you
is that, and I should have probably noticed earlier,
but I've just been using Apple as the stock
that we've been looking at.
So let's just say that you see something,
you've hunted down Apple, you've analyzed Apple,
and you know that for whatever reason,
that you want to buy 200 shares at a certain level,
well then, as you're waiting,
you don't need to sit there and type in anything,
you could just click right there.
And it under here, under replace orders,
it says buy 200 of Apple.
And just like that, you can get right in.
Maybe all of a sudden you're like,
well, I want to be able to sell.
And the nice thing about this is
you can click over here and go to the settings,
and then you can adjust all this too,
meaning when it comes to buying the bid.
You can like I said,
you can do this on your own,
but the point here being,
it goes back to the very first comment I made
during the hunt phase
is that so much customization can be done,
but you can go and change this.
So instead of, for example,
if you want to sell it the market, well, you would think,
if I want to buy 200, then I'd probably want
to be selling 200.
So right there, you've changed that and click done.
And right there,
this is now sell 200 Apple.
Over here you have, you know, all sorts of just,
you can do it as much as you want.
You can have as many buttons as you want.
I would definitely advise,
especially if you're a beginner just getting started,
you don't want to have buttons and buttons and buttons
all over the screen.
That's not what I'm getting at.
I'm getting at is that the potential is there for
as you grow as a trader,
as you get more comfortable as a trader,
the infrastructure is in place
for you to be able to take action
in the speed that you need it,
that you need to take action.
And this is just all a little area here
that demonstrates all of that.
And which can again, be expanded that much more.
But my point here is that when you develop things
and you know that you would want to take action,
all you gotta do is boom, click the button, boom,
click the button to get out, simple as that,
clicking buttons.
No, let me type in my order entry, let me type in this.
And again, just to circle back, there are hot keys,
which if you're really a brand new beginner,
all hot keys means is you can just touch stuff
on your keyboard.
So instead of having to drag and click the mouse,
all you got to do is set up certain keys, your quote,
unquote, hot keys on your keyboard, and you can set up
your order entries in that way, too.
So again, as far as taking action,
when you have the ability to do hot keys,
when you have the ability to set up
such simplistic order windows like this,
you can definitely operate in a very very quick manner,
which is going to be very important for you to take action
with both the hunting phase
and then the analysis phase that you've already taken
a lot of time probably doing and that you need to be able to
make sure that you can actually implement,
because the first two phases, the H and the A,
the hunting and the analysis,
that's all just kind of theoretical, right?
It's this is what I think this is what I believe.
But even if you're right, well,
that doesn't matter if you can't take action,
which again is why this is a very very critical part
of the trading platform point of view.
But yeah, Webull and the platform
definitely offers you the ability to take action quickly.
So between those very quick click buttons.
And then the ability to also put in hotkeys
if you want, you can be able to take action
very, very quickly with Webull,
which is going to be important.
But again, just to end,
I'm not saying that Webull is the be all and end all,
all I'm saying is whatever platform you're looking at,
make sure that you perform the HAT method with it,
to make sure that they're covering these three
very important areas of what it takes to be a day trader
or a swing trader, or even just an investor.
You gotta be able to hunt things out,
gotta be able to find it,
got to be able to make good decisions, right by analysis.
Then you gotta be able to actually implement the first two,
which is, you know, via taking action.
So get out there, use the HAT method
whenever you're looking to choose any sort of broker.
And like I said, if you liked what you saw from Webull,
then I'd encourage you to click that link down below.
And like I said, you'll get a couple free stocks
or whatever the promotion is.
And plus you'll just get more importantly,
have a very nice broker that fits the HAT method there.
If you are interested in learning anything more about
kind of the trading tools out there,
then hit that like button or better yet,
questions, suggestions,
maybe of other things that you would like me to review.
Even if you want me to take the HAT method
and apply it to another broker,
like I said, we leave those down below.
I'm always open to suggestions.
If you've ever watched any of my past videos,
you know that I do read and reply to all comments on videos.
So I love to get feedback from you.
Also check out the channel as a whole.
There's a good variety of videos.
So if you like what you see,
hopefully you decide to hit that subscribe button
as I'd love to have you as a supporter of the channel,
but yeah, get out there and perform the HAT method
on whatever broker you may be considering.
First off, thanks so much for watching the entire video.
Real quick, before you go,
I want to invite you to a live webinar,
web class, training, workshop, online event,
whatever you want to call it,
but it will be me live revealing to you
what I discovered that has allowed me to transform myself
from being an employee, to being my own boss,
including how I had only one losing day out of 73 days
in total.
I'm going to cover three keys
that have helped me unlock profitable consistency
within the markets.
The first key is super weird,
but in a productive type of way,
the second key is super awesome because it quite literally
is wired into our DNA as humans, making it very easy to use,
but in a cruel way, this becomes a pitfall for many traders.
I'll explain it all though,
including how to avoid the pitfall that it creates for some.
And yeah, the third key,
when you hear it, sounds way to get way too good to be true,
but it's not.
And I'll show you how it all works.
Then at the end,
I open it up for a question and answer session
that is again, totally live.
Even if you can't make the live session,
please still sign up as it will be recorded.
And you can go back and watch the replay
that I will send you.
Click the image on the screen
or click the link down in the description box.
So you can get the date and time and claim your spot,
which I should note is limited
due to the fact that this truly is a live event.
If you have any questions, let me know.
If not, I'll be seeing you soon.