Go to the list of all blogs
Sergey Savastiouk's Avatar
published in Blogs
Oct 18, 2021

8 Major Mistakes Day Traders Make

Trading effectively is a learned skill, and it takes practice. Every trader makes mistakes somewhere along the way, but that doesn’t mean these mistakes are inevitable. In fact, many are easy mistakes to avoid, as long as investors know what they are and can exercise some discipline. Here are eight mistakes to avoid.

1. Using ‘Gut Feelings’ to Time the Market

Markets are unpredictable. There are time-honored methods you can use to analyze market patterns and behavior, but no one can predict it with 100% certainty. But one of the biggest mistakes a trader can make is trying to time the market using just “gut feelings” – instead of hard data. Instead of playing the guessing game to make trades, traders should rely on fundamental and technical analysis to make smart trades. Tickeron’s Trend Prediction Engine is a good place to start – it uses A.I. to analyze historic trends and offers Prediction Confidence Levels to help you make trades based on real data and not your gut.

2. Not Knowing Your Odds of Success Before You Trade

If you’re making a trade based on a technical trading pattern or an indicator, have you back-tested it to see how often the security reaches actually reached its target price, historically? Using charts to find patterns can be thrilling, especially when you think you find a trade that fits perfectly. But if you don’t go a step further and get supporting data that can tell you the probability that the security will reach its target price, you’re leaving keying information on the table. Tickeron has algorithmically-powered day trading tools that scan thousands of stocks and ETFs for patterns, breakouts, and target prices, the A.I. goes a step further to determine confidence levels and the odds of a success of every trade.

3. A Good Story Doesn’t Mean a Good Investment

Everyone loves a great story, but good press coverage doesn’t always correlate to smart investments. Knowledge is power – successful investors look beyond media hype and gather insights from data to better determine the potential of an asset. A.I. makes it possible to analyze data at a scale and accuracy level far exceeding human ability, showing you the underlying trends (and not the fluff) that make for profitable trading.

4. Panicking in Volatile Markets

Markets are volatile – it can be tempting to make instinctive, emotional decisions when a market is performing poorly. That’s where Tickeron A.I. comes in. Pattern analysis, trend predictions, and more remove emotion from the equation and give the knowledge you need to be confident and stay the course or exit.

5. Being Afraid to Sell

No one like to take a loss, but experienced traders know sometimes it’s best to say goodbye to underperforming assets. Tools like the Pattern Search Engine comb price charts for bullish and bearish patterns and price trends that can alert you of potential swings or expected changes in price.

6. Playing the Waiting Game

‘Buy low, sell high’ is the guiding principle of any investor, but that doesn’t mean that traders should wait for a stock to dip and purchase every stock amid a downtrend. The Pattern Search Engine uses Tickeron’s A.I.dvisor to scan the market to locate patterns of your choice, then provides you with breakout prices, predicted target prices, confidence levels, and other statistics to make trades at the most advantageous times.

7. Overweighting Assets

At any given time, certain sectors will outperform others (as will individual assets within each sector). Putting all your eggs in one basket, however, means potentially overweighting asset classes and risking heavy losses. Smart investors diversify and rebalance their portfolios even if an asset class is performing well. Tickeron’s Asset Allocator and Diversification Score use A.I. to comb through data and deliver the insights you need to do build an effective portfolio.

8. Following the Pack

Novice traders can be guilty of following the pack a bit too closely. This can mean overpaying in uptrends and thinking short when an asset is on the verge of a turnaround. A.I. backed Decision Confidence Levels offer analysis and statistics to set you apart from the rest of the field – and position you to capitalize when others might be content to stick with the herd.

Looking for Fresh Investment Ideas? See How Algorithms and A.I. Can Help

Want to invest and/or diversify your portfolio but unsure where to start? Artificial Intelligence can help! Tickeron has developed user friendly Artificial Intelligence tools to help new and experienced investors generate investment ideas. Tickeron’s A.I. is capable of evaluating a portfolio and providing a “Diversification Score,” to tell the user how well-diversified their portfolio is. It can also generate investment ideas for a user’s 401(k) plan – even if you’re just getting started! The A.I. will give you ideas based on your risk tolerance, investment objectives, and the investment options available.

Tickeron’s new financial website is available to beginners, intermediate investors, and even experts and advisors. Explore tickeron.com today.

Related Ticker: SPY

SPY's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for SPY turned positive on February 23, 2024. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 18, 2024. You may want to consider a long position or call options on SPY as a result. In of 64 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 448 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SPY moved out of overbought territory on February 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SPY broke above its upper Bollinger Band on February 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), NVIDIA Corp (NASDAQ:NVDA), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Tesla (NASDAQ:TSLA), Broadcom (NASDAQ:AVGO).

Industry description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

Market Cap

The average market capitalization across the SPDR® S&P 500 ETF Trust ETF is 113.7B. The market cap for tickers in the group ranges from 5.78B to 3.05T. MSFT holds the highest valuation in this group at 3.05T. The lowest valued company is ZION at 5.78B.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was 2%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 16%. GRMN experienced the highest price growth at 11%, while PANW experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was -55%. For the same stocks of the ETF, the average monthly volume growth was -61% and the average quarterly volume growth was -50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 51
Price Growth Rating: 48
SMR Rating: 51
Profit Risk Rating: 45
Seasonality Score: -45 (-100 ... +100)
View a ticker or compare two or three
SPYDaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
PDR Services, 86 Trinity PlaceNew York
Phone
N/A
Web
www.spdrs.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
ETFs / NAMEPrice $Chg $Chg %
TCHI15.620.04
+0.26%
iShares MSCI China Multisector Tech ETF
PRAY26.670.04
+0.15%
FIS Biblically Responsible Risk Mgd ETF
PDN32.03-0.04
-0.12%
Invesco FTSE RAFI Dev Mkts ex-US S/M ETF
PIM3.19-0.01
-0.31%
Putnam Master Intermediate Income Trust
XOP138.82-0.62
-0.44%
SPDR® S&P Oil & Gas Explor & Prodtn ETF

SPY and

Correlation & Price change

A.I.dvisor indicates that over the last year, SPY has been closely correlated with IVV. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPY jumps, then IVV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPY
1D Price
Change %
SPY100%
+0.06%
IVV - SPY
100%
Closely correlated
+0.05%
SPLG - SPY
100%
Closely correlated
+0.10%
SCHX - SPY
100%
Closely correlated
+0.10%
ESGU - SPY
100%
Closely correlated
-0.05%
VOO - SPY
100%
Closely correlated
+0.04%
More
Ad is loading...
In the face of recent challenges in the US stock market, where major indexes have witnessed consecutive declines for three weeks running, it's no surprise that many traders find themselves grappling with disappointment and losses. However, amidst the turbulence, there's a beacon of hope for those who understand the power of strategic algorithms and their uncanny ability to turn market volatility into profit opportunities.
Discover the energy sector's recent exhilarating journey with a spotlight on the Shale Oil Group, featuring prominent tickers $XOM, $BHP, $PXD, $HES, and $FANG. Buckle up as we delve into their collective gain of +9.12% in the last month! 🚀📈 Unearth the world of shale oil production, where companies like Exxon Mobil Corp, BHP Group Limited, Pioneer Natural Resource Co, Hess Corp, and Diamondback Energy play a pivotal role. As economic shifts, geopolitical tensions, and environmental considerations sway the energy landscape, these players navigate a dynamic market.
#artificial_intelligence#latest#popular#technical_analysis
Dive into the dynamic world of Wireless Telecom as we explore the remarkable journey of Charter Communications (CHTR) with a notable gain of +2.03%. In this insightful blog, we'll navigate through the sector's landscape, uncovering the driving forces behind its recent movements. Discover the industry's giants like Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), and Lumen Technologies (NYSE:LUMN), and understand how they contribute to the sector's growth. From market capitalization trends to high and low price fluctuations, we'll unravel the market dynamics that shape the wireless telecommunications arena. Join us to gain expert insights into fundamental analysis ratings, explore potential growth trajectories, and comprehend the sector's intricate seasonality score. Let's venture into the realm of Wireless Telecom and its standout player, Charter Communications, as we decode the recent +2.03% gain and its impact on this ever-evolving sector.
The Oil Refining/Marketing segment is an essential component of the energy sector. It comprises companies dedicated to refining crude oil into a spectrum of petroleum products like gasoline, diesel, and jet fuel. These entities, operating in the downstream sector of the oil business, take charge of the post-production processes of crude oil and natural gas. Their focus extends to marketing and distribution. Notably, when there's a dip in oil prices, downstream businesses might be shielded or even stand to benefit as the acquisition cost of crude oil plummets. Industry giants in the U.S. encompass Phillips 66, Marathon Petroleum Corporation, and Valero Energy Corp.
#trading
One shining example of this is the remarkable performance of AI trading robots accessible through the "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)." These AI-driven trading bots, often referred to as 'bot factories,' have showcased their prowess by generating a remarkable gain of +9.61% while trading AMD over the previous week. This accomplishment becomes even more noteworthy considering the broader market trends and the recent earnings report.
The Construction Materials Industry has been a focal point of investor attention recently, showcasing an impressive performance surge of +12.84% over the past month. This upward trajectory has sparked interest in several key stocks within the industry, including $JHX, $CRH, $EXP, $CX, $MLM, $USLM, $VMC, $BCC, $CPAC, $SUM, $TGLS, $LOMA, $RETO, $SMID, and $KNF.
Last week was challenging for the entire market, with indices experiencing a decline of around 3%. The Motor Vehicles industry saw the most significant downturn. For instance, the giant TSLA dropped by 11%, while NIO's shares plummeted by 17%. We actively trade stocks of this type in almost all of our robots due to their high volatility, and we had a good week profiting from short positions. You can receive signals in this robot: Swing Trader - Medium Volatility Stocks for Active Trading (TA/FA).
One of the most intriguing developments in recent times is the rise of AI-powered trading robots, designed to navigate complex market scenarios with remarkable precision. Among these innovative trading tools, "Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA)" has emerged as a standout performer, demonstrating its prowess as a bot factory generating substantial gains.
The Food Retail Industry has recently witnessed a remarkable surge of +10.26% in its performance over the past month, making it a focal point for investors and analysts. This article delves into the industry's recent developments, focusing on key tickers and their trends within this sector.
Yesterday, the market closed with a modest gain, driven primarily by semiconductor sector stocks, which saw increases ranging from 1 to 7%. It's possible that today the upward momentum will be picked up by stocks from other sectors. For more signals on stocks, you can subscribe to our robots: Swing-Trader-3K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.
The inflammation industry primarily comprises biotech and pharmaceutical companies that focus on the treatment of cancer, inflammation, and other diseases related to cell proliferation. Noteworthy players in this domain include Karyopharm Therapeutics Inc., Allakos Inc., and Zymeworks.
#investment
Among these, the "Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA)" AI trading robots have proven to be formidable contenders, demonstrating their prowess by achieving a commendable +7.44% gain while trading XELA over the previous week. However, the dynamics of the market are intricate, and a closer analysis is essential to comprehend the broader picture.
The Cosmetic sector has showcased a remarkable upsurge of +25.82% in its performance over the past month, marking a significant positive shift in the industry. This article delves into the key themes and notable companies within this sector, shedding light on recent price movements and volume trends.
Dive into the dynamic world of uranium stocks as we explore their recent impressive gains. 📈 Discover the driving forces behind the +9.04% surge in tickers like $CCJ, $UEC, $UUUU, and $NXE. From bullish trends to positive indicators, find out how these companies are riding the momentum and what it means for the uranium sector's future. Join us on this journey to unravel the market movements that have led to these remarkable gains and gain valuable insights into the factors shaping the industry. Whether you're an investor, a market enthusiast, or simply curious about the forces at play, this blog is your guide to understanding the fascinating dynamics of uranium's recent climb.
#latest#popular#artificial_intelligence#trading#neutral_bluish#technical_analysis#asset_allocation
The "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)" AI trading robots have recently demonstrated their prowess, operating as efficient bot factories that achieved an impressive gain of +6.99% through their active trading of NVDA over the past week. This performance raises the question: can AI-driven trading bots consistently outperform traditional methods?
The Pulp & Paper industry has been making remarkable strides, recording an impressive +5% surge in performance over the past week. This positive momentum has been underscored by several factors, showcasing a potential avenue for investors seeking growth opportunities. Within this dynamic landscape, let's delve into three important themes shaping this industry and examine the key tickers that stand out.
Diving into the world of agricultural chemicals, our latest blog sheds light on the recent market dynamics that led to a collective loss of -9.85% for prominent players like $NTR, $MOS, $CF, $CTVA, and $FMC. As an astute financial analyst, I dissect how these companies, once riding high, are navigating a challenging landscape. This blog takes you through the ups and downs of the sector, with insights into market caps, price movements, and fundamental analysis ratings. Uncover the reasons behind the sector's recent setback and explore whether a turnaround could be on the horizon. Join me as we delve into the intricate world of agricultural chemicals and discover the forces that have shaped this -9.85% group loss.
#technical_analysis#latest#popular#artificial_intelligence#trading#asset_allocation
In the dynamic world of finance, one stock stands out: USB ($35.84), the symbol of resilience in the realm of regional banks. As the RSI Indicator recently departed the oversold territory on August 22, 2023, a potential uptrend seems to be on the horizon. This shift prompts traders to consider strategic moves, from buying the stock to exploring call options.
#latest#popular#neutral_bluish#artificial_intelligence#trading#technical_analysis#asset_allocation
Yesterday, stock indices posted a growth of approximately 1.5%, potentially forming a reversal pattern. Leading this growth were shares of mineral extraction companies, which saw an average increase of 2-3%. You can check out signals for these company stocks in our robot:Swing-Trader-1-5K-per-position-Hedge-Fund-Style-Trading-TA-FA
The goods industry primarily encompasses producers and sellers of meat, fish, and dairy products. Many companies in this sector also delve into processed food sales. Key players in this domain include Tyson Foods, Inc., Sanderson Farms, and Hormel Foods.
#investment