You have reached a portion of the site only available to active members


You need to be logged in before you can view some of the content on this page.  If not logged in, you will be asked to log in before viewing certain items.

Featured Poll

What do you consider to be the most important? Share your thoughts in this Opinion Poll discussion.

Paying off debt
Saving for the future

Let's Talk Taxes

The deadline for filing tax returns is quickly approaching, but don’t fret. With the Tax Guide and Online Community as resources, filing doesn’t have to be a headache. Find out when you can expect your 1099s, which forms you should use and why, as well as what others have to say about the subject in our Taxes discussion. While Scottrade can help you with statements and specific account types, you may want to consider consulting a tax professional for further assistance.
 

Creating a Trading Plan

In the emotionally charged environment of trading, it’s important to follow a trading plan in order to remain focused. Ross B., a Scottrade Branch Manager, outlines three things to consider when developing a trading plan in the latest Education Station blog.

Feel free to leave your comments directly on the blog, or check out the ensuing discussion on Creating a Trading Plan. Many of our members had some great points to share, including the two below. 


nyc trader

To be a good trader you have to know how to control your emotions. Being human, we all have pretty much the same fears (anger, greed, pride) and those feelings make you lose money. You have to go against your human nature to be good. It's pretty hard to do that, but it is possible.



Shep941

Psychology has been my greatest obstacle. As well as not having enough faith in my technical analysis, fundamental analysis, and setting stops too tight out of fear. I’m prone to jumping in on a move well after a logical entry point out of fear of missing out. I’ve entered a trade just for the thrill.


Join the discussion Creating a Trading Plan and share your thoughts. How did you create your plan? Does it need tweaking over time?
 
Share |



Authorized account login and access indicates customer’s consent to the Brokerage Account Agreement. Such consent is effective at all times when using this site.
Unauthorized access is prohibited.

Scottrade, Inc. and Scottrade Bank are separate but affiliated companies and are wholly-owned subsidiaries of Scottrade Financial Services, Inc. Brokerage products and services offered by Scottrade, Inc. - Member FINRA and SIPC. Deposit products and services offered by Scottrade Bank, Member FDIC.

Brokerage Products Not FDIC-Insured - Not Bank Guaranteed - May Lose Value.

Online market and limit stock trades are just $7 for stocks priced $1 and above.

Scottrade does not charge setup, inactivity or annual maintenance fees. Applicable transaction fees still apply.

Scottrade does not provide tax advice. The material provided is for informational purposes only. Please consult your tax, or legal, advisor for questions concerning your personal tax or financial situation.

Select investments are commission free to those using Scottrade's online platforms. Other fees and charges may apply.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

The information presented or discussed in the Scottrade® Community is not, and should not be considered, a recommendation, offer or solicitation of an offer to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy.  You are fully responsible for your investment decisions.  Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives.  Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.  Content posted on the Scottrade® Community may include blog entries, posts or links to information and content created by third parties not employed by or affiliated with Scottrade, where such third parties receive compensation for the creation of such entries, posts, information or other content.  Such third-party content has not been adopted, endorsed or approved by Scottrade or its affiliates.

Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These funds’ performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses may be ordered through Scottrade.com or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.

Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy from a Scottrade branch office. Supporting documentation for any claims will be supplied upon request.

Market volatility, volume, and system availability may impact account access and trade execution.

Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.

Scottrade®, the Scottrade® logo, and all other trademarks, whether registered or unregistered, are the property of Scottrade, Inc. and its affiliates.

© 2012 Scottrade, Inc. All rights reserved.

Learning Markets, LLC is an independent third party not employed by or affiliated with Scottrade or its affiliates.  Scottrade, Inc. and its affiliates have not created and are not responsible for materials created by Learning Markets.  The content of such materials has not been adopted, endorsed or approved by Scottrade or its affiliates and does not reflect the opinion, belief or recommendation of Scottrade.

 ² The Scottrade® Strategy Sessions are produced by Learning Markets, LLC. The materials presented are being provided to you for educational purposes only. Scottrade, Inc. and its affiliates have not created and are not responsible for such materials. The content of such materials has not been adopted, endorsed or approved by Scottrade or its affiliates. The content was created and is being presented by employees or representatives of Learning Markets, LLC who are not employed by or affiliated with Scottrade or its affiliates. The information presented or discussed is not a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.