stock market – Radar 2014 http://radar2014.org/ Sun, 20 Mar 2022 22:33:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://radar2014.org/wp-content/uploads/2021/10/icon-32-120x120.png stock market – Radar 2014 http://radar2014.org/ 32 32 Twitter birds of a feather, trade shares together https://radar2014.org/2022/03/18/twitter-birds-of-a-feather-trade-shares-together/ Fri, 18 Mar 2022 19:03:52 +0000 https://radar2014.org/2022/03/18/twitter-birds-of-a-feather-trade-shares-together/ In today’s data-driven communication era, people tend to exchange more noise. This proposition, better known as Priestley’s paradox, is also indicative of the fact that evidence is ignored in the face of a good story. Political campaigns win more on marketing teams that tell stories that showcase personality, rather than the content of the […]]]>

In today’s data-driven communication era, people tend to exchange more noise. This proposition, better known as Priestley’s paradox, is also indicative of the fact that evidence is ignored in the face of a good story. Political campaigns win more on marketing teams that tell stories that showcase personality, rather than the content of the person’s manifesto. This typical public response is interestingly presented in a space where numbers are usually meant to triumph over narrative and sentiment. Human beings tend to fall back into old habits, and markets are no exception.

Markets are simply where buyers and sellers haggle to find a price, whether in Pettah or Wall Street. This price discovery is arguably the most important part of the interaction, as participants can now articulate in monetary terms: what things are worth to them. Assessments should be based on objective research and well-founded assumptions in the forecasts. As researchers develop skills in various methods of technical and fundamental analysis, the agent or broker on the sell side uses them to persuade a trade. Market participants are then free to negotiate.

Recently, with social media, this communication is filtered by an “authority” personality or group rather than a research report, adding noise and blurring sound investment decisions.

This phenomenon is by no means unique to our local markets. At the end of January 2021, the value of Bitcoin increased by more than 20% to reach $38,566 after Elon Musk changed the bio of his personal Twitter account to #bitcoin. This increase was based on the sole speculation that the billionaire had bought more cryptocurrency, sparking a buying frenzy that drove the value of the asset higher. Similarly, r/WallStreetBets, a popular message channel on social media apps reddit and discord, had users rallying around a dying stock company. Gamestop, a video game retail company that had many years of poor performance, saw its value rise to over $24 billion from just $2 billion within days, only to crash afterward.

Sri Lanka has also seen similar action on social media following the surge in stock market interest after COVID-19-related shutdowns and working from home. A cohort of new retail investors, eager to win big, may have turned prematurely to Twitter and WhatsApp groups; continue on the small wins over the bigger losses that continue to be described as those that “can be won back”. This is where the problem lies. Just as a democracy would flourish with a well-educated electorate, a market works best when its participants are informed and understand the risk, instead of rolling the dice on equity investments.

In order to gain some market exposure with limited trading knowledge or resources to track, monitor, and optimize a portfolio, there are several forums organized by the SEC and CSE. Online investing courses are very popular and affordable to entice anyone willing and able to invest; while mutual funds, locally called Unit Trusts, exist for busier people.

Making an informed decision is key to navigating a market and avoiding losses. What most participants don’t realize is something the Securities and Exchange Commission, to their credit, is pretty clear about: past performance is not indicative of future returns. Therefore, even the winners of a bull market may not withstand the heat of the downside, only to see the next one.

One cannot simply criticize Musk, the WallStreetBets subreddit, and any other market guru with their elaborate claims. An individual, social media group or research house for that matter acting in their best interests – given access to information, level of authority or advice they give – cannot even necessarily be held by a regulator for committing a breach of the market. Market participants are ultimately responsible for the transactions they make with their capital. All ratings have a margin of error because no one has a crystal ball to see for sure what the future holds.



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The most effective trading strategies for beginners https://radar2014.org/2022/03/16/the-most-effective-trading-strategies-for-beginners/ Wed, 16 Mar 2022 19:18:22 +0000 https://radar2014.org/2022/03/16/the-most-effective-trading-strategies-for-beginners/ Trading platforms are complex and not made for novice traders. It is essential that you adopt unique strategies that can help you grow your assets and earn profits at the same time. Today we will discuss the most effective trading strategies for beginners. Effective trading strategies for beginners Gain knowledge The first and the crucial […]]]>

Trading platforms are complex and not made for novice traders. It is essential that you adopt unique strategies that can help you grow your assets and earn profits at the same time. Today we will discuss the most effective trading strategies for beginners.

Effective trading strategies for beginners

  1. Gain knowledge

The first and the crucial thing to become a successful trader in today’s competitive market is to gain industry knowledge. Know the basic trading procedure to start trading using online platforms. There are a lot of complex things that you will face while trading and for this reason, you should first acquire enough knowledge on how to start trading.

  1. Look for the right trading platforms

There are many trading platforms available for traders who can trade online and earn profits on their investment. One such popular trading platform available for investors and traders is 1K per day. It is an all-in-one trading platform designed for all types of traders.

Traders can trade cryptocurrencies, Forex, stocks, and many other assets using this single platform. Make sure to look for a reliable trading platform for your trading journey. The platform you choose decides whether or not you make a profit.

  1. Keep sufficient funds for trading

If you don’t have enough funds to trade, you shouldn’t invest. Investing in trading requires you to have funds set aside. Since trading is a risky process, you should think twice before investing in stock markets or cryptocurrencies.

As an investor, you should not only calculate returns, but you should also focus on the risk or loss associated with the money you are trading. Successful investors maintain a 1-2% risk factor to their investment.

  1. Save enough time

Apart from the risk factors against your investment, you should also think about the time you need to trade effectively. Take the time to learn about investing and how you can benefit from it.

If you want to trade full time, you must also invest your time. You need to invest maximum of your time in a day to become an effective investor with high profits. If you plan to trade part-time, it will take you longer to learn things and make a profit.

  1. start small

Newbie investors don’t know how or when to invest, and for this reason they should start with a small amount. Novice traders need to focus on one action at a time or per session to make effective trades. If they start looking for more stocks at the same time, they end up losing more money due to a lack of knowledge.

When you focus on a limited number of stocks, it will be easier for novice traders to learn more about those stocks and make effective investments. With limited stocks, they can discover new opportunities and invest their time to make profitable investments.

  1. inquire

Even if you have acquired all the knowledge on how to invest and trade stocks and cryptocurrencies, you must continue to educate yourself. To do this, learn more about effective investments from reliable sources.

Just search the web for reliable sources and start reading the success stories of professional traders. There are many books, stories, and literature available on the web to educate you about the stock market.

Since the market is very volatile, constant learning is necessary to become a successful investor. For this reason, tag blogs, forums, social media communities, etc. This will help keep you informed, which will benefit you in the long run.

  1. Limit your orders

Novice investors should limit their orders. When they limit their stock orders, they are less likely to suffer high losses. The limit order helps you trade with specific amounts, unlike market orders where the price of stocks and cryptos is volatile.

Limiting your orders helps you decide your buying price as well as selling price, which could help you earn more profit.

  1. Expect less

Successful traders don’t focus on making profits, but rather on learning effective investment strategies that ultimately increase their income. You cannot profit from stocks all the time and for this reason you need to be realistic about the profits you expect from your investment.

According to a recent study, orders only gain 50%-60% against their traders. If you order at 100%, only 60% of your traders will be on the profit side, while the rest will be at a loss. You should also focus on the risks and losses associated with your investment.

The last words !

Trading is not an easy job because it requires a lot of work and passion. If you don’t have a passion for making profits, you won’t learn anything about the stock market and trading.

Start by learning about the market, choose the right trading platform to start trading, and start earning profit while also dealing with loss. Follow the list of all the strategies listed above to become a successful trader!

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LIVE MARKETS Reddit’s WSB founder seeks to emulate Pelosi’s trading strategies via new portfolio https://radar2014.org/2022/03/08/live-markets-reddits-wsb-founder-seeks-to-emulate-pelosis-trading-strategies-via-new-portfolio/ Tue, 08 Mar 2022 16:11:00 +0000 https://radar2014.org/2022/03/08/live-markets-reddits-wsb-founder-seeks-to-emulate-pelosis-trading-strategies-via-new-portfolio/ Most major indexes turn red, but bounce off session lows Consumer Staples Worst Performer in S&P Sector, Energy Jumps The Euro STOXX 600 index slides ~0.3% Dollar slips; gold, bitcoin gain; raw jumps The 10-year US Treasury yield rises to ~1.85% March 8 – Welcome home to real-time market coverage from Reuters reporters. You can […]]]>
  • Most major indexes turn red, but bounce off session lows
  • Consumer Staples Worst Performer in S&P Sector, Energy Jumps
  • The Euro STOXX 600 index slides ~0.3%
  • Dollar slips; gold, bitcoin gain; raw jumps
  • The 10-year US Treasury yield rises to ~1.85%

March 8 – Welcome home to real-time market coverage from Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

REDDIT’S WSB FOUNDER SEEKS TO IMITATE PELOSI’S TRADING STRATEGIES VIA NEW WALLET (1052 EST / 1552 GMT)

The founder of Reddit’s wallstreetbets forum, Jaime Rogozinski, on Tuesday announced the approval of the listing of the “insider wallet” on the Seychelles MERJ Exchange, a fund that tracks the trading strategies of members of the US Congress, including the US House Speaker Nancy Pelosi.

Join now for FREE unlimited access to Reuters.com

The portfolio will be regularly rebalanced to reflect Pelosi’s trading strategies based on its public disclosures, as tracked by unusualwhales.com, a service selling financial data.

Pelosi’s stock market performance ranked sixth in 2021 in Congress, with Republican Congressman Austin Scott leading, according to an analysis by unusualwhales.com.

Discussion of Pelosi’s trades is a recurring theme on social media, including wallstreetbets, where retail investors banded together a year ago to coordinate the frenzied buying of video game retailer GameStop (GME.N) and other companies, which eventually became known as meme stocks. Read more

Pelosi and other US lawmakers have come under scrutiny on social media as many users believe the US Speaker of the House may have an edge on Wall Street.

In her latest periodic transaction report, the senior Democrat revealed that her husband, financier Paul Pelosi, exercised call options on January 21 to buy shares of Apple (AAPL.O), Walt Disney (DIS. N) and PayPal Holdings (PYPL.O) for a combined $2.9 million, based on option strike prices. Read more

However, tracking legislative portfolio changes may not be so straightforward.

While the law requires lawmakers to disclose stock trades by themselves or their family members within 45 days, reports are typically filed within days of actual purchases and sales, making it potentially difficult for traders aimed at mimicking the specific transactions of lawmakers.

(Medha Singh)

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TRADE BALANCE, NFIB, CONSUMER CREDIT: DEMAND/INFLATION TANGO (1030 EST/1530 GMT)

Data released Tuesday — and Monday evening — tells market watchers what they already knew: Demand is robust, circling around a slowly recovering supply chain.

The gap between the value of goods and services imported into the United States and those of domestic origin exported abroad (USTBAL = ECI) widened more than expected in January to $89.7 billion, the largest deficit ever recorded. Read more

The Commerce Department’s reading was $2.6 billion above consensus forecast and was driven by surging imports as demand in the United States continued to outpace the rest of the world, a situation that could be bad news. bodes well for economic growth in the first quarter.

“Net exports have weighed on GDP over the past six quarters and early data suggests another negative contribution in the first quarter,” writes Rubeela Farooqi, chief U.S. economist at High Frequency Economics, adding that “in Overall, trade flows are at historic highs despite supply chain disruptions and logistical challenges.”

“The deficit is poised to remain high for now due to continued strong import demand,” Farooqi said.

The closely watched merchandise trade deficit with China remained stable at $36.4 billion.

Trade balance

In a separate report, small business owners got grumpier in February, according to the National Federation of Independent Businesses (NFIB). Read more

The NFIB’s trade optimism index (USOPIN=ECI) fell 1.4 points to land at 95.7, the sourest reading since January 2021, weighed down by inflation fears.

“Inflation continues to be an issue on Main Street, leading more homeowners to raise selling prices again in February,” said NFIB chief economist Bill Dunkelberg.

The percentage of respondents identifying high inflation as their biggest problem hit a 42-year high, and the net percentage of participants raising average selling prices hit a 48-year high.

But it’s not all bad news, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics.

“Investment intentions are down two points but are holding up well and are consistent with the view that business fixed investment will grow at a double-digit pace over the next year,” he wrote.

It should be noted that the NFIB is a politically active membership organization, and the index was last lower the month President Joe Biden was sworn in.

NFIB

Finally, in older news, on Monday afternoon, the Federal Reserve released its Consumer Credit Outstanding (USCRED=ECI) data, which rose $6.84 billion, marking an unexpected deceleration. and missing estimates of a country mile.

Economists expected total consumer credit debt to accelerate by $23.8 billion in January.

Total consumer credit outstanding currently stands at approximately $4.4 trillion.

An increase in non-revolving credit, which includes large items such as automobiles and tuition fees, did the heavy lifting, as revolving credit, or credit card debt, remained essentially unchanged.

This goes a bit against the trend; credit card spending has long since surpassed pre-pandemic levels, while non-revolving credit, a smaller slice of the total pie, has yet to recoup the ground lost to COVID.

It pays to remember that outstanding credit is not the same as consumer spending. A high savings rate has left the average consumer with plush piggy banks and fat wallets.

Outstanding consumer credit

After a green start, Wall Street turned around in morning trade, extending Monday’s selloff, which confirmed a correction for the Dow and a bear market for the Nasdaq.

Crude prices continued to climb, taking energy stocks (.SPNY) with them.

(Stephen Culp)

*****

NASDAQ 100 FUTURES: FIGHTING TO HOLD THE FEBRUARY LOW (0900 EST/1400 GMT)

The CME e-mini Nasdaq 100 futures have been beaten pretty hard over the past three trading days. In fact, they ended Monday at their lowest level since mid-May 2021, sending them down 19.6% from their November 19 closing record.

It should be noted that the Nasdaq Composite (.IXIC) ended Monday down 20.1% from its record close on November 19, officially putting it in bearish territory.

The overnight action saw the futures fall as low as 13,103.25, before falling back. With this reversal, futures have yet to breach their February 24 intraday low at 13,025.75:

NQcv103082022

Meanwhile, the daily RSI, at just over 30.00, is trying to stabilize above its February 23rd low at 27.90. If so, this momentum indicator will have the potential to establish a second higher low from its late January low of 17.533.

Such a convergence could signal the building of positive momentum and, therefore, the potential for a surprise reversal to the upside.

In this case, however, the futures should still face strong resistance in the form of the descending 30-day moving average (DMA) which has been consistently plateauing since the beginning to mid-January.

Additionally, since late November, the RSI has exhibited bearish behavior as it was unable to muster enough strength to reclaim the 70.00 overbought threshold.

So regardless of strength, traders will be watching future action closely against the 30-DMA, as well as the RSI, to build confidence in the sustainability of any rebound. Read more

On a break of 13,025, next support is at the mid-May low of 12,896. This is just ahead of the 38.2% Fibonacci retracement of the entire March-2020/November advance. 2021 at 12,873.57.

(Terence Gabriel)

*****

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Terence Gabriel is a market analyst at Reuters. Opinions expressed are his own.

Our standards: The Thomson Reuters Trust Principles.

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How to Trade Stocks Like a Pro https://radar2014.org/2022/03/07/how-to-trade-stocks-like-a-pro/ Mon, 07 Mar 2022 00:02:40 +0000 https://radar2014.org/2022/03/07/how-to-trade-stocks-like-a-pro/ If you want to trade stocks like a pro, you need to make quick decisions and understand statistics, data analysis, and market movements. There are thousands of strategies you can adopt, and the obvious decision isn’t always the right one. For example, if you look at the stock of a company whose margins are shrinking, […]]]>

If you want to trade stocks like a pro, you need to make quick decisions and understand statistics, data analysis, and market movements.

There are thousands of strategies you can adopt, and the obvious decision isn’t always the right one.

For example, if you look at the stock of a company whose margins are shrinking, your instinct might be that it is performing poorly.

However, if those lower margins are due to expansion or the company investing in a new market-leading product, you could be missing out on a golden opportunity.

In this guide, we’ll share some tips and tricks to help you navigate the world of stock trading like a pro, whether you’re a brand new trader or not. Of course, some tips also translate to NFT and cryptocurrency trading.

Key figures to consult before carrying out a stock market transaction

The world of stock trading is fast and furious, so you’ll rarely have time to sit back and relax while you digest management reports or engage in in-depth research.

Knowing what information to look for and interpreting it is the first step to making smart business decisions in record time.

Here are some of the crucial actions to prioritize:

  • Turnover: increased turnover and sustainable and scalable growth are good signs. Sustainability is key, as a one-time sales boom may not have a tangible impact on stock value.
  • Benchmark performance: Small businesses with less than £1 billion in revenue normally grow sales by around 10% year-on-year. Large companies often have lower growth of 3% – look for these indicators of continued growth over the past few years, not just this year’s earnings.
  • Margins: Companies can increase their revenue by increasing demand or competitiveness, but they can also reduce their selling prices to gain market share. Margins are just as crucial as turnover because if sales are climbing but costs are rising faster, that could be a sign of trouble (or could indicate an internal investment project).

Amazon is a great example of why profits and sales alone aren’t enough to make astute observations or predictions.

The mega-retailer has spent several years investing in warehouses nationwide, with minimal gains to show investors.

Ultimately, the unrivaled infrastructure has skyrocketed stock values ​​and set the framework for sustained impressive returns in the years to come.

You can view stock price history for the past ten years at MacroTrends.

Relying on stock trading tips

There are countless publications and advisory services offering advice on potential future income.

Although current stock price information is provided by the London Stock Exchange and other trade, analysis and forecasts carry weight because they drive trade demand and expectations.

Listed companies also publish earnings forecasts, including analytical data to inform shareholders of performance and anticipated forecasts.

Typically, stock traders should look at longer-term snapshots of past performance rather than immediate reports.

If a company releases guidance for this quarter but does not highlight plans for the next, traders are likely to sell their shares.

However, if the company’s forecast has a positive outlook for the full year, offset by modest performance in the current quarter, their shares will develop higher demand.

Ongoing uptrends are more appealing than a one-off peak, so it’s best to keep an eye on how the markets react to earnings forecasts rather than just relying on this material.

Understanding stock buybacks

A buyback means that the organization invests cash in buying back shares from traders, which is normally a positive indication that the management team considers their shares to be undervalued.

You can find information about takeovers (or takeovers) in company press releases.

There may be other drivers, such as:

  • Influencing traders to believe stocks are worth more than their current market value.
  • Reduce shares in public businesses to improve their financial ratios.

Generally, however, a buyout is a good sign that the company expects growth and improved margins or profits in the coming months.

Essentially, if the company buys back shares, the profits are shared among fewer shareholders and the available earnings are higher. If the stock goes up, it dilutes the ownership and means that potential profits go down.

Inventory reporting terminology

A big part of the complication for new investors is that press releases and earnings forecasts can be subtle, and it’s not easy to interpret the language used and get into the real meaning.

Press releases are not rushed, so the wording used is deliberate and will go through countless PR and legal teams before spreading around the world.

If a report is calm but quiet, it normally means there have been issues or underperformance compared to expectations.

Optimistic advice can be positive, but can also be an attempt to mitigate the fallout from poor performance or past failure.

Therefore, traders will make their decisions based on facts and figures rather than the tone of a press release.

Technical analysis for making stock trading decisions

One of the best ways to make a solid decision on a stock’s value is to compare the numbers for the past five years to those for the current trading year.

This comparison will show you regular seasonal fluctuations, the norm in many industries. You can also look at things like:

The concept of the 10,000 foot view refers to the idea that as a stock trader you need to step back and look at the business from a distance before making decisions.

External factors, including macroeconomic trends, interest rates, tax brackets and consumer movements, can impact share value, alongside broader economic conditions that may adversely affect the business environment.

Doing a quick analysis and making a quick judgment is not easy.

Still, if you focus on these key areas and know which numbers to rely on, you’ll be in a great position to make sound judgments, taking into account all the crucial metrics.

How to trade stocks like a pro FAQ

What’s the best advice to help beginners trade stocks like a pro?

The best advice is to make sure you remove all emotion from your decision making. While there’s a lot to be said for investing in the brands you love, you need to have a passive, unbiased approach and make calls with a cool head.

How can I master stock trading?

There is no catch-all process to becoming a successful trader from scratch, but the key is to understand as much as possible and learn from your (inevitable) mistakes as you go. You can take online courses to learn more about the stock market, follow a mentor, seek expert advice, or undertake your market analysis to see how well your predictions are coming to fruition.

If you are new to trading, it is wise to start with smaller positions to ensure that you do not expose yourself to massive losses without having the opportunity to practice and test a few different trading strategies until you find what works.

What is the best way to choose a stock?

Often new traders find the information available to be overwhelming and they are drawn to the stock symbols at the bottom of exchange listings.

The right way to pick stocks is to know how a company operates, where it stands in the industry, who it competes with, and what the long-term outlook is.

Still, it’s perfectly possible to make a bad call armed with all the right information, and there are always unexpected disasters to consider. Still, if you do as much research as possible or follow a number of stocks before picking one you trust, you’ll be in good standing.

What does hyperactive stock trading mean?

Trading moves much faster than long-term investing, but you can hold a position for a few months or even a quarter.

Constantly checking the stock price and making decisions based on stock sell values ​​rather than the calculated value of your business can mean making bad decisions when no action is required.

For example, a sudden price movement could trigger a quick sell off, but if there has been a blow that won’t make any difference in the long run, you may be much better advised to hold your position as planned.

How can I develop a trading plan?

A trading plan is a great idea for new traders because you can write down your goals, your level of risk exposure and define what you hope to achieve – in terms of the type of stocks you buy and the expected returns you search.

This process is also useful for analyzing your understanding of the market, determining the amount of capital you are willing to invest, and giving you a framework to review if you are stuck in a decision and need to revise your goals to help you achieve success. conclusion.

Below is a list of related articles that may be of interest to you.

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Year of the Tiger Broker: Now Australians can trade stocks and options 24/7, cheaper, faster and more accurately https://radar2014.org/2022/02/28/year-of-the-tiger-broker-now-australians-can-trade-stocks-and-options-24-7-cheaper-faster-and-more-accurately/ Mon, 28 Feb 2022 18:15:40 +0000 https://radar2014.org/2022/02/28/year-of-the-tiger-broker-now-australians-can-trade-stocks-and-options-24-7-cheaper-faster-and-more-accurately/ Tiger Trade Australia, Australia’s newest mobile stock trading platform, is about to go live – and it’s well positioned to undercut rivals in price and technology capabilities. Nasdaq-listed Tiger Brokers Group officially enters the Australian retail equity market this week with the launch of its proprietary Tiger Trade trading app, offering zero brokerage on US […]]]>

Tiger Trade Australia, Australia’s newest mobile stock trading platform, is about to go live – and it’s well positioned to undercut rivals in price and technology capabilities.

Nasdaq-listed Tiger Brokers Group officially enters the Australian retail equity market this week with the launch of its proprietary Tiger Trade trading app, offering zero brokerage on US and ASX stocks for 3 months.*

Welcome gifts such as free Apple shares and stock vouchers are also used to entice information users in an increasingly crowded marketplace.**

Tiger Brokers Australia is led by UP Fintech, headquartered in Singapore, NASDAQ-listed Tiger Brokers (TIGR), with a market capitalization of US$750 million and approximately 9 million users worldwide.

Tiger Australia will offer Australian investors the ability to trade on the ASX, Wall Street, US, Hong Kong stocks and ETFs, as well as US options at Tiger Trade.

By opening up access to a wider global market with more advanced tools and order types, the tech-driven retail broker is set to grow rapidly in Australia.

Chief Strategy Officer Michael McCarthy said Stockhead Tiger Brokers was looking to replicate its successful launch in Singapore two years ago.

“At one point we were the fastest growing brokerage platform in Singapore and the adoption there suggests that the kind of features we are bringing to Australia are likely to be well received,” said he declared.

Advantage in technology

McCarthy said Tiger Brokers technology provides an undeniable competitive advantage.

“Tiger Technology is where we have real strength that provides a stable and reliable environment for trading, but a huge upside for active investors,” he said.

Many online brokers in Australia are still using technology developed up to two decades ago and the reason for this is that they are large institutions tied to their legacy IT systems.

“We have a very strong team of developers and our technology is our secret weapon – so just like we look at Web3 – we look at Fintech3.”

Latest technology renewed, refreshed fortnightly

“But we’ve learned that you need to constantly update your technology and our app is updated every two weeks to cater to our customers and what they are looking to do with their portfolios and in the market.”

He said their technology philosophy revolves around meeting customers’ needs and what they want to do with their wallets and in their market.

“It’s not just about fixing bugs, which of course is a big part of reliability and stability,” he said.

Trade US stocks throughout the US trading day

Tiger Trade offers extended trading hours, which include pre- and after-hours sessions for US stocks, helping investors seize every opportunity.

“Right now, we’re going through quarterly reporting season in the US and often see companies posting after-market reports and their stock prices can move significantly at this post-market stage,” McCarthy said.

“Many local brokers cannot offer participation in this aftermarket trade, so this is a practical example of our technology advantage.”

Another advantage of Tiger Trade is being able to trade the US options market in real time, while providing real-time data so investors can make informed decisions.

Analysis and education

McCarthy said Tiger Brokers is focused on educating and informing clients about their investment journey.

Fundamental analysis of individual companies, including the company’s cash position, operating capacity and balance sheet strength, is intended to help investors better understand the companies they are considering buying.

Financial information and ratios, along with Level 2 market data, show order depth, including quantities at each individual bid and ask to help investors stay on top of the market.

And if investors aren’t ready to take the plunge, McCarthy said Tiger Trade has demo accounts, where investors can practice their investing skills and test out their strategies.

“We consider educational material to be just as important as the technical and fundamental analysis we provide,” he said.

“That ability to scale as an investor and be more successful, we think is so important, especially for newcomers to the market.”

Share your investor experience

Tiger Trade also offers a community forum, which has been very popular in international markets for investors to share experience, discuss markets and trades.

“Because we have a great mix of investors on our platform, from those who just started trading in the last 12 months to those who trade with institutions like hedge funds, conversations within our community area can be quite sophisticated and a good source of market information,” he said.

“Forum engagement is also a product of our technology, with almost every brokerage platform having a comment section, but active market discussions are much less common.

“Allowing users to rate, recommend, or share an idea seems like a small feature, but it’s the difference between a useful community forum and one that may not be.”

Not affected by competition

McCarthy said he was not concerned about growing competition in Australia’s online brokerage industry and the company was just focusing on its own racing.

“There has been a lot of attention and headlines about new entrants to the Australian market, but a lot of the trading volume is still handled by older brokers like Commsec and CMC Markets,” McCarthy said.

He said that because Australia is a stable trading environment and its economy is globally attractive, Tiger Brokers sees potential for other new entrants to enter the Australian market.

“These are very different offerings in many ways. One of the benefits is that consumers have more choice, but given the advantage of our technology, we believe the answer for many local investors will be Tiger Brokers and Tiger Trade.

Retail Investor Growth

McCarthy said the stock market’s popularity among retail investors continues to grow and the company is focused on opening the market to everyone.

“Whether you’re retired and trading your self-managed super fund holdings or just starting your investment journey, our platform can offer something for investors at all levels,” he said.

McCarthy said there’s no doubt that one of the big equity market trends over the past few decades has been the growing participation of retail investors directly in the market.

“It’s a long-term trend that’s going nowhere and has accelerated in the past two years since the COVID-19 pandemic,” he said.

Tiger Brokers particularly targets young investors, who are beginning their investment journey.

“We have a whole new cohort of young traders between the ages of 18 and 35 who we know we can add real value to – by providing easy access to the markets with the right, incredibly useful tool at Tiger Trade,” said McCarthy.

Learn more about Tiger Brokers here.

* Transfer fees apply, ** Subject to promotion deposit minimums.

This article was developed in conjunction with Tiger Brokers, a Stockhead advertiser at the time of publication.
This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.

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This 27-year-old former stockbroker earns $650,000 a year in Los Angeles and is on her way to $1 million – Stockxpo https://radar2014.org/2022/02/28/this-27-year-old-former-stockbroker-earns-650000-a-year-in-los-angeles-and-is-on-her-way-to-1-million-stockxpo/ Mon, 28 Feb 2022 17:52:54 +0000 https://radar2014.org/2022/02/28/this-27-year-old-former-stockbroker-earns-650000-a-year-in-los-angeles-and-is-on-her-way-to-1-million-stockxpo/ This story is part of CNBC Make It’s Millennial Silver series, which details how people around the world earn, spend and save their money. When Lauren Simmons introduces herself to new people, she usually says she works in finance. But in reality, the 27-year-old is an author, producer, podcast and TV host, angel investor and […]]]>

This story is part of CNBC Make It’s Millennial Silver series, which details how people around the world earn, spend and save their money.

When Lauren Simmons introduces herself to new people, she usually says she works in finance.

But in reality, the 27-year-old is an author, producer, podcast and TV host, angel investor and board member of several financial companies.

It’s a lot for one person, but Simmons is used to taking control of his career. She has already made history several times: in 2017, at the age of 22, Simmons became the youngest full time trader on Wall Street, and the second African-American businesswoman in the 229-year history of the New York Stock Exchange.

But while at the NYSE, Simmons learned she was only paid $12,000 while her male colleagues with the same job and qualifications earned over $120,000. From then on, she pledged never to earn less than $120,000 a year.

Lauren Simmons, 27, is a finance expert on track to earn $1 million this year.

Tristan Pelletier | CNBC do it

Simmons left the trading floor in 2018 and formed an LLC to manage all of his projects.

Over the past few years, she’s done deals on a book, a movie, a TV show, and two podcasts. Her most consistent income comes from speaking engagements (she averages two a month) and she can earn up to six figures on brand deals.

No two days are alike. Simmons works long hours and weekends, taking meetings from 3 a.m. until 11 p.m. because she works with people from all over the world. Her most recent project is hosting work with the streaming series “Going Public,” which involves filming the series herself and traveling to promote it.

In 2021, Simmons moved to Los Angeles and earned $650,000. In 2022, she is on track to earn $1 million.

Extreme savings

Simmons grew up in Marietta, Georgia with her mother, twin brother, and younger sister. She credits her mother’s strict budgeting for how she learned to save 85% of income, which she started doing when she was earning just $12,000 in New York City. It was barely enough to pay for transportation while she lived with her family in neighboring New Jersey, and she didn’t spend money on going out.

In 2017, at the age of 22, Lauren Simmons became the youngest full-time female trader on Wall Street and the second African-American female trader in the history of the New York Stock Exchange.

Courtesy of Lauren Simmons

Simmons admits her savings strategy today isn’t the most traditional, but it works for her.

She sends all of her earnings to a savings account and, for the most part, does not touch it. She also waits as long as possible to deposit her winnings. Simmons did a few speaking deals in January, but her business manager will hold the checks until they expire, so she won’t see that income until March.

“I like my money out of sight, out of my mind so I don’t spend it,” she says.

She sometimes transfers money to a separate checking account, which she keeps at $2,000 for daily expenses. She will give herself a little extra for birthdays and holidays, but never allows herself to spend more than 15% of her earnings each month.

No two days are alike for Lauren Simmons, who takes meetings from 3 a.m. until 11 p.m. She also travels a lot for work.

Tristan Pelletier | CNBC do it

Although she’s made a name for herself in the financial world, Simmons doesn’t always feel like an expert. She only started investing in the stock market during the pandemic downturn of 2020. She keeps her emergency fund, savings, and retirement money in one bank account. And she shamelessly splurges on Bath & Body Works candles: “Whenever they have a sale, I’m there.”

As for managing your own money, “I think there are days when I’m decent,” Simmons says, but “I know there’s a lot to learn each time I get to a different phase. of my life.”

How she spends her money

Here’s a look at how Simmons typically spends his money, as of January 2022.

Elham Ataeiazar | CNBC do it

  • To rent: $3,850, paid for one year in advance and includes Wi-Fi, water and parking
  • Transport: $195 for car insurance and about $20 to bill her Tesla, which she leases under her LLC
  • Pet: $200 for dog food and grooming
  • Discretionary: $182 includes shopping, entertainment and household items
  • Food: $165 on groceries and restaurants
  • Health insurance: $100, paid for one year in advance
  • Utilities: $43 for heat and electricity
  • Subscriptions: $24 for the Hay House meditation app, Hulu and The New York Times

Simmons’ income fluctuates wildly from $12,000 to $150,000 a month, so she plans big expenses ahead of time. She prepaid a year’s worth of her rent when she moved in, for example. She pays for health insurance one year at a time and car insurance for six months at a time.

Another big constant in his budget is his 7-year-old Maltese, Kasper. She spends about $200 on him every month between grooming and pet food. “He leads a very luxurious life,” Simmons says.

Otherwise, Simmons keeps his budget pretty lean. In January, she spent $182 on shopping and entertainment, $165 on food (mostly groceries from Whole Foods) and $24 on a few subscriptions. She shares streaming service connections with her family and contributes Hulu to the pot.

Given her busy schedule, making time for health and wellness is non-negotiable. Simmons prefers hiking, yoga, and exercising outdoors — it’s a big reason she moved to Los Angeles. She meditates every morning, from 15 minutes to two hours, to stay grounded and focused.

Given her busy schedule, Lauren Simmons roots herself in daily meditation.

Tristan Pelletier | CNBC do it

Simmons thinks self-care doesn’t have to be expensive. “I don’t want to become this person who spends thousands of dollars on wellness because I think you can do it for free at home,” she says.

That said, she’s splurging on herself “once in a blue moon”: she recently treated herself and her mother to a seven-day trip to a wellness retreat as a gift.

Become a millionaire

This year, Simmons expects to earn $1 million from brand deals, partnerships, speaking engagements and corporate returns.

But even for someone who likes to talk about money, it’s still awkward to say it out loud.

Simmons knows only too well that when young women succeed at work, “we don’t get the same accolades as our male counterparts.” But these reminders only make him want to talk about his accomplishments and pay even more.

Lauren Simmons makes her money through speaking engagements, brand partnerships, project deals, and most recently, a hosting gig with the streaming series “Going Public.”

Courtesy of Going Public

“That’s why we try to challenge societal norms and have these open dialogues and change people’s mindsets,” she says. She wants to eliminate the stereotype that “successful, high-earning young women brag about themselves.”

The million-dollar milestone also has great personal significance: “I was the first person in my family to graduate from college,” she says. “My family and I have come a long way, and I’m super grateful.”

Look forward

Simmons could not have predicted how much her life would change from the first day she stepped onto the NYSE floor. But she still has big plans ahead of her to negotiate new projects and invest in more startups.

Lauren Simmons wants to help democratize the world of business and finance, and invests in startups owned by women and minorities.

Tristan Pelletier | CNBC do it

Considering the turning points in her career so far, it is difficult for her to say what she expects in her life in the next five to ten years. But she hopes to have an investment property in Florida and maybe a home of her own elsewhere.

“Other than that, I have no idea, but I’m excited to watch this video five to 10 years from now and see where I’m at – maybe I’m running for president.”

What is your budget breakdown? Share your story with us for a chance to appear in an upcoming episode.

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]]> Introduction to Options Trading Strategies https://radar2014.org/2022/02/23/introduction-to-options-trading-strategies/ Wed, 23 Feb 2022 08:03:52 +0000 https://radar2014.org/2022/02/23/introduction-to-options-trading-strategies/ Options trading allows us to buy or sell stocks, ETFs and other securities at a set price on a certain date. This method of trading also offers buyers the option of not buying the securities at the price indicated or on the date indicated.Options are a bit more complicated than stock trading, but they can […]]]>

Options trading allows us to buy or sell stocks, ETFs and other securities at a set price on a certain date. This method of trading also offers buyers the option of not buying the securities at the price indicated or on the date indicated.
Options are a bit more complicated than stock trading, but they can help generate more gains. When you buy an option, you have the option but not the obligation to trade the underlying asset.

A call option gives you the right to buy underlying securities at a specific price within a specified time. A put option, rather than giving you the choice of buying an underlying asset, gives you the option of trading it at a certain price. When you buy a call, you buy a contract to acquire a specific stock or asset on a specific date, similarly, when you buy a pet, you buy a contract that gives you the opportunity to sell securities at a price specific by specific expiration date.

Options trading strategies are generally classified into three broad categories

a) Bullish
b) Bearish
c) Neutral
d) Others

Bullish strategies including Buy Call, Sell Put, Bull Call Put and Bull Put Spread will be explained in this blog and Bearish including Buy Put, Sell Call, Bear Call Spread, Bear Put Spread and Put Ratio Back Spread and two other categories in the other blog of the series.

Bullish Options Trading Strategies

Buy a call

A simple trading options strategy in which you receive the option premium in exchange for the right to buy shares at a particular price on or before a specific date when you buy a call. When an investor is bullish on a stock or any other investment, they frequently buy calls because it gives them leverage. Buying call options and then trading them for a return can be a great strategy for increasing your portfolio’s performance.

Sale Put

Another simple options trading strategy is to promise to buy an asset at an agreed amount. When the price of the underlying asset falls, put options increase in value, the price volatility of the underlying securities increases and interest rates fall. Movements in the value of the underlying security, the strike price of the option, decay over time, interest rates and volatility all affect the price of put options.

Spread of bullish calls

Generally, spreads are multi-leg techniques in which two or more options are traded. The strategy is to use two call options to generate a strike price range with a lower and higher strike price. A long call with a lower price and a shorter call with a higher price constitute a bullish call spread. When a trader is betting that the price of a stock will rise only a little, he is using this options strategy. Additionally, the bullish buy spread could help prevent stock losses while limiting gains.

Bull Put Spread

As the name suggests, the bull put spread is created by using “put options” rather than “call options” to create a spread. This makes it similar to the Bull Call Spread somewhat similar to the Bull Call Spread. An investor performs a bullish put spread by acquiring a put option on a security and buying additional put options on around the same date, but at a higher strike price. The disparity between the strike prices and the net credit obtained is the maximum loss, similarly, the difference between the premium costs of the two put options is the maximum profit.

You can check further for Bearish including Buy Put, Sell Call, Bear Call Spread in post option trading strategies.

To learn more about the stock market, you can check out the price structure of our next Lakshya batch which will start in the month of March 2022.

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Options Trading Strategies to Counter Market Volatility https://radar2014.org/2022/02/02/options-trading-strategies-to-counter-market-volatility/ Wed, 02 Feb 2022 22:30:17 +0000 https://radar2014.org/2022/02/02/options-trading-strategies-to-counter-market-volatility/ Fund manager Barry Martin uses high quality stocks and call options to give investors extra income. Martin told Insider he buys big revenue-generating companies and then sells covered calls on the same stocks. He says this gives his portfolio additional stability and investors respond as volatility rises. Investors often struggle to make the stock market […]]]>
  • Fund manager Barry Martin uses high quality stocks and call options to give investors extra income.
  • Martin told Insider he buys big revenue-generating companies and then sells covered calls on the same stocks.
  • He says this gives his portfolio additional stability and investors respond as volatility rises.

Investors often struggle to make the stock market


volatility

work in their favour. Barry Martin has learned how to make it profitable.

Martin’s fund at Shelton Capital uses a combination of stocks and options to capture incremental profits and minimize losses during market declines. According to Morningstar, it has generated annual returns of 11.3% over the past decade, beating nine out of 10 derivative income funds.

The approach is relatively simple, but it is thorough. Martin and his team buy stocks that they believe will provide stable returns in all weathers. To do this, they focus on investing in quality companies with strong free cash flow. But they add another step by selling calls on all the stocks they own.

“Where I really believe we add value is by selling covered calls,” he said. “As volatility increases, we receive more for selling those calls. So not only do I have quality names in a portfolio, but what we’re doing is generating more revenue by selling covered calls.”

In other words, he sells options that give the buyer the right to buy the stock within the next 45 to 60 days if its price appreciates or if the buyers think the price will rise.

Generally, these calls represent 10% out of the money, which means Martin can be a loser if the stock goes up 10% or more in that short time. And because of equity investments, it can also be burned by sharp price declines – which is why it focuses on quality stocks and household names, as these are generally safer investments. Its top holdings in the high-turnover portfolio include Microsoft, Apple, Meta Platforms and Amazon.

Despite this limitation, he says the call sell strategy offers an annual premium of 4% to 7%, which further enhances good times and makes tough times in the markets more tolerable. He says customers appreciate it as a safe and reliable way to create extra income.

“It reduces standard deviation and beta. It also generates yield,” he said of covered calls. “Now with the VIX in the mid 20’s approaching 30’s we are able to generate more to sell calls, and also to sell calls that are more out of the money giving more room to run for equity underlying.”

And Martin says investors are taking notice, with capital inflows increasing dramatically thanks to increased volatility and because Wall Street is convinced that interest rates are about to rise.

“People are looking for income alternatives and this fits right in with that,” he said. “If you look at a typical 60-40 portfolio, we’re starting to see clients taking 10% of the fixed income allocation and 10% of their equity exposure and moving them to a 50-30-20, where we would be the 20% slice.”

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I Became a Stock Trader for a Month (No Experience) – 6 Do’s and Don’ts I Learned That Could Save You | by Cole Connor | January 2022 https://radar2014.org/2022/01/31/i-became-a-stock-trader-for-a-month-no-experience-6-dos-and-donts-i-learned-that-could-save-you-by-cole-connor-january-2022/ Mon, 31 Jan 2022 05:03:45 +0000 https://radar2014.org/2022/01/31/i-became-a-stock-trader-for-a-month-no-experience-6-dos-and-donts-i-learned-that-could-save-you-by-cole-connor-january-2022/ In 2021, I have started the journey to become more financially literate. Approaching 30 as an artist and entrepreneur, I was tired of not knowing. A little FOMO mixed with just wanting to push my limits. To advance my family generation. I knew I could do it. So I did. For the first time in […]]]>

In 2021, I have started the journey to become more financially literate. Approaching 30 as an artist and entrepreneur, I was tired of not knowing. A little FOMO mixed with just wanting to push my limits. To advance my family generation. I knew I could do it. So I did.

For the first time in my life, rather than immediately spending or reinvesting my “consumable” income, I chose to dive into the recent? Stock exchange and crypto hype.

I’ve dabbled in it over the years as a financially irresponsible millennial, but it was always too late or I couldn’t. HODL. To be honest, I didn’t understand everything. I threw $400 into bitcoin in 2017 but immediately withdrew it once I made $300 in 3 hours. Didn’t understand the concept of holding, wave theory, options, the psychology of stocks, or pretty much anything other than surfing the waves of pop hype.

Over the past year, I have seen the stories of people who are doing so much earnings and paid attention to YouTube’s wide array of finance gurus, I knew it was time to learn what this bad boy really was. So I took $5,000 and started having a little fun.

I tend to go through periods of extreme learning on different things. My job as a creator and entrepreneur really gives me the flexibility to take a lot of time to TO STUDY. I like having the freedom to use this time to study things that currently interest me, and that’s what I did with stocks/crypto.

Every day for Three weeks I watched/listened to 2 hours of YouTube professionals studying and analyzing unanalyzable. I lost money. I made money. I learned some do’s and some don’ts. It’s been a bit of an exhausting journey, but I’m so glad to finally be in the game.

And before getting to the heart of the matter, know that I am still learning and that I am really an amateur. I hope you find these do’s and don’ts as helpful as they have been for me.

Unfortunately, I learned this the hard way. In the first days of diving into this world, I saw that a stock dropped 20% in one day. I had heard of “buy the dip” so naturally I was like:

“THIS IS THE DIP I AM SUPPOSED TO BUY!!”

So I put $100 of my own money AND $300 of Robinhood margin, straight into the stock. It was very bad call.

The next day it dropped another 60%, and I immediately got CALLED MARGIN. Imagine my frustration thinking I was about to HODL and watch the decline pick up when in reality I had just bought a drug company that the FDA was about to vote on if it would be approved…

Amazing what a little research will tell you, isn’t it?

That’s when I realized you can’t buy just any dip. You need to know the company you are investing in and if it is dipping, is it just the natural waves of the market or is there a real problem. (That should be common sense, I know – but it wasn’t.)

There is a reason EVERYONE tells you this. I just didn’t fully understand it until I watched both crypto AND the stock market fluctuate. I watched my portfolio lose hundreds of dollars, but just in the span of 1-2 months I watched it go up then down then back up higher.

I also witnessed one of the biggest crypto crashes we have seen in recent history. I bought the dip this time, and guess what? It’s back and it’s going up!!

If I had invested the money I needed CURRENTLY, I would have lost hundreds and hundreds of dollars with no possibility of making a profit. The market almost always corrects itself and eventually returns. Do I still hold onto the pharmaceutical company that fell 80%? No, BUT I waited for it to go up 60%, then I sold to reinvest elsewhere.

Along with that, of course, you shouldn’t put what you’re not ready to lose yet. With crypto in particular, it’s super volatile, and we don’t really know what’s going to happen. With the stock market, ideally, you really don’t want to lose anything ever. I don’t want to lose my money, yet I’m in the market. Irony.

I think it makes you a better investor when you are not dependent on invested funds. I found that when I was an emotional investor, things went downhill quickly.

It’s my philosophy. I’m okay with taking a small loss if I find a better investment, but I’m not afraid to sell. Don’t just throw money away because you randomly hear something is going to explode.

Then see a 5% drop, sell immediately and lose all your chances of winning. When you look in the market psychologythis happens so often and explains why the market itself is so volatile (outside of huge whales influencing everything).

One way to avoid this is to not buy when there is a peak wave. A good strategy is to look at the 52 week high and buy when it is down. Unless you have some knowledge of a huge spike, buying around the 52-week high won’t give you much short-term gain. From what I’ve seen. However, there were a few actions that surprised me.

One thing I enjoy, at the moment, is watching waves, 52 week highs and lows, youtube analysts and moving money while locking in profits. The market is really a huge game for me. Kind of like business in general. Video games for the big babies of the world.

As long as you follow the ‘don’ts’ above, you can totally move things around. Even the best stocks won’t go up forever. So when the stock hits a price where you can lock in some profits, don’t be afraid to take those gains and buy another dip (or put in your bank account).

It seems like most people recommend holding for the long term, but I’ve seen a few established investors on YouTube move things around fairly regularly. I did that and done well, but I also did that and done not good.

It may seem obvious, but it’s important to listen to a variety of different mentors or gurus. Even if you find one you really like. Once I find someone and trust their authenticity and knowledge, I always lean on other opinions before consolidating my own.

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Why are members of Congress allowed to trade stocks? https://radar2014.org/2022/01/30/why-are-members-of-congress-allowed-to-trade-stocks/ Sun, 30 Jan 2022 12:00:00 +0000 https://radar2014.org/2022/01/30/why-are-members-of-congress-allowed-to-trade-stocks/ In secret meetings Two years ago this month, members of Congress were briefed on what the rest of America would soon learn: a deadly virus was rapidly spreading overseas and heading to the United States. Some lawmakers acted immediately, not in the public interest, but in their own. They sold stocks weeks before the markets […]]]>

In secret meetings Two years ago this month, members of Congress were briefed on what the rest of America would soon learn: a deadly virus was rapidly spreading overseas and heading to the United States. Some lawmakers acted immediately, not in the public interest, but in their own. They sold stocks weeks before the markets collapsed when the scale of the threat posed by the novel coronavirus became widely known. A global pandemic was unfolding and these lawmakers were as worried about the health of their financial portfolios as they were about the health of their constituents.

Congress thought it had already corrected what alarmingly looked like insider trading by its members. In 2012, lawmakers voted overwhelmingly to enact a bill known as the STOCK Act, prohibiting themselves from using information they learned on the job for personal financial gain. The law required serving members, as well as their staff and officials in other branches of government, to more accurately and timely disclose their financial dealings. Although the law has helped the public identify conflicts of interest, it has not been able to prevent them. “Members hear all kinds of news that can essentially amount to insider trading, but it’s nearly impossible to enforce insider trading and prove what happened when,” said Sen. Jeff Merkley. of Oregon, a Democrat who has lobbied for years to restrict stock trading by members of Congress, said.

The Justice Department investigated several senators for their 2020 stock dumps, but did not file any charges. The pandemic profiteering allegations, however, had major political repercussions and helped Democrats win their narrow majority in the Senate last year. Among those who found their dealings under federal scrutiny were the two Republican senators from Georgia, David Perdue and Kelly Loeffler (they both denied any wrongdoing), who lost in last January’s special election. The Democrat who beat Perdue, Sen. Jon Ossoff, is now leading a new campaign to ban members from trading individual stocks.

“There is widespread bipartisan distaste for the American political class, and stock trading by members of Congress is blatant and offensive,” Ossoff told me last week.

Legislation he introduced with Senator Mark Kelly of Arizona would require members of Congress, their spouses and dependent children to sell their individual shares or place them in a blind trust. (A complementary bipartisan bill has already been unveiled in the House.)

The proposal is, unsurprisingly, popular with a public that likes to look down on its lawmakers: nearly two-thirds of all respondents, including majorities of Democrats and Republicans, backed the idea of ​​barring members of Congress to trade stocks, according to a recent survey by Morning Consult. Still, the bill is likely to be the least popular among the people who actually have to vote on it. While Congress has struggled in recent years to address the nation’s most complex challenges, its policing record is arguably even worse. Republicans made little effort to pass ethics legislation when they last ruled Washington, and although House Democrats introduced a major anti-corruption bill as part of its first voting rights campaign last year, they quickly dropped its key ethics provisions in a (so far unsuccessful) bid to win passage to the Senate.

Lawmakers’ proposed ban on stock trading has upended the expected ideological divide. A co-sponsor of the House measure is conservative Rep. Chip Roy of Texas, a former senior aide to Sen. Ted Cruz. The bill also won support from two groups that typically advocate unfettered free market access, Koch-funded Americans for Prosperity and FreedomWorks, which emerged from the Obama-era Tea Party. Carrying the Libertarian flag instead, House Speaker Nancy Pelosi, whose husband, Paul Pelosi, has earned millions in stock trades that have become fodder for amateur trackers on social media platforms such as Reddit and TikTok. “We are a free market economy. [Members] should be able to participate,” Pelosi told reporters earlier this month, sounding more like Ayn Rand than a San Francisco “socialist.”

The last major ethics law to clear Congress was the STOCK Act a decade ago. Even that bill, however, only passed after party leaders watered down a tougher initial proposal, and less than a year after it was signed into law, Congress quietly moved to strike down one of its main transparency provisions.

The need for lawmakers to regulate stock trading is obvious to supporters of the bill, who on this particular issue know well what they are talking about. Members of Congress are privy to information about market developments in front of the general public on an almost daily basis. This is especially true in times of crisis, such as a major military build-up or the onset of a global pandemic, when the stock market is more volatile and lawmakers frequently receive classified briefings from senior government officials. They might not be able to discuss what they heard in public, but until the STOCK Act was passed, it clearly wasn’t illegal for them to make money from it. House and Senate votes are themselves sometimes market-moving events, and lawmakers are usually the first to know whether a measure will pass or fail. One of the authors of the STOCK Act, former Democratic Representative Brian Baird of Washington State, told me that in moments of dark humor during important votes, a colleague joked with him (and he pointed out he was indeed joking): “We could make money with this vote, right? »

In 2012, the framers of the STOCK Act thought an outright ban on stock trading was “a bridge too far,” Baird told me. But pandemic-related trade scandals have propelled calls for new legislation and more recent disclosures, including a lengthy investigation by Business Intern, gave further impetus to the push. The same goes for Pelosi’s rejection, which prompted the bill’s supporters to redouble their efforts. “I totally disagree with her,” Rep. Abigail Spanberger of Virginia told me. Spanberger, a Democrat, first introduced legislation with Roy more than a year and a half ago. “In many professions there are limits on what someone can do financially. This requirement is quite reasonable for those of us who choose to enter this profession.

The proposals would allow members and their families to retain control of investments in diversified mutual or index funds, U.S. Treasuries and bonds. Kelly told me that in addition to preventing insider trading by lawmakers, requiring members to opt out of active oversight of individual actions would ensure that they don’t vote on legislation based on its financial impact.

Adding to the pressure on Pelosi, House Minority Leader Kevin McCarthy suggested Republicans could enforce a ban if they regain a majority this fall. Last week, Pelosi softened her stance, telling reporters that while she remained personally opposed to the proposal, “if the members want to do it, that’s fine with me.”

Developments over the past month have created momentum reminiscent of other successful campaigns for new congressional ethics laws, Craig Holman, lobbyist for Public Citizen and longtime government reform advocate, told me. . “The outlook is very good,” he said. “Sometimes we have to embarrass Congress to do the right thing, and that works once the public gets involved.”

Still, proponents of a ban on stock trading by lawmakers still have some way to go. Public support for a bill can mask broader private opposition, and the leaders of this most recent effort are mostly members with relatively little congressional experience. The STOCK Act eventually passed with near-unanimous votes, but Baird told me that during the years he first presented the bill to his colleagues, many took offense at the mere suggestion of impropriety. . Others wanted their investments to remain private, and some just didn’t want the added inconvenience of having to disclose them. “I naively thought it would be such an obvious good thing to do that when I talked to people about it, they were like, ‘God, I didn’t know that. We should fix it,” Baird laughed ruefully. “Well, the answer was anything but.” After the STOCK Act passed, Baird said he found himself in an elevator with an aide to a high-ranking Democrat who hadn’t realized he was speaking with an author of the bill. law. “I have to go home and fill out my paperwork for the fucking STOCK Act,” the staffer complained.

Kelly told me he doesn’t have much sympathy for members who oppose ethics legislation because of the difficulty of complying with it. “If you don’t want to bother, find something else to do,” he said. “There are a lot of people who could do this job.” His retort sums up the challenges Kelly and his allies face. They are asking their colleagues to vote for a bill that will require no sacrifice from their constituents, only from themselves. “Frankly, I don’t mind whose feelings I’m hurting when I present this case,” Ossoff said. “My colleagues need to hear it, and I think they hear it.”

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