Cheat Sheet

High-Level Investing For Dummies Cheat Sheet

From High Level Investing For Dummies

By Paul Mladjenovic

In high-level investing, investors and speculators track the major markets and critical global issues that affect stocks and other securities, both in the United States and other major markets. Check out the following sites, tools, and pointers to stay informed.

Intermarket Sites That Are Useful for High-Level Investing

Stocks can go up or down based on major movements in related markets. These sites track other major markets that can (or will) have a major impact on today’s stock market (and possibly your high-level investing pursuits):

  • PensionTsunami: Pensions are massively underfunded across the corporate and government world; this site gives you all the news and analysis on this critical topic.

  • Economic Collapse Blog: Michael Snyder’s site provides thorough research on major financial and economic issues that could be problematic for the U.S. economy.

  • The Bubble Bubble: This site follows all of the potential bubbles that could burst in the next few years.

  • The Korelin Economics Report: This site provides news, commentary, and interviews with analysts on precious metals, stocks, and related topics.

  • Dollar Collapse: John Rubino’s site tracks the U.S. dollar, currencies, and related markets.

7 Practices of Successful Options Speculators

Option strategies augment any high-level investor’s or speculator’s overall approach. If you do option strategies of any kind, the following practices will help you get ahead:

  • Discipline: Successful options speculators make sure they aren’t susceptible to emotions such as fear or greed, and they try to avoid a bias.

  • Money allocation: They speculate only with money allocated for options —and they don’t spend a penny more.

  • Patience for opportunities: They don’t trade every day. They wait for the right trades.

  • Planning: They have plans for entering and exiting a trade.

  • Ongoing education: They don’t assume they’ve learned all they need to know about options and the underlying assets.

  • Hedging: They aren’t totally directional. They know that the market can sometimes go against them.

  • Back testing: They use data from past or historical trades to see how trades would have or could have resulted.

4 Great Simulated Stock-Trading Sites for High-Level Investors

Before you bet real money, it’s often a good idea to test your trading, investing, or speculating approach. Here are five great (free!) sites to help high-level investors learn through simulated trading:

  • Wall Street Survivor: This site provides great courses on investing for beginners and experienced investors.

  • Stock-Trak: This is a very active site for simulated trading.

  • Investopedia Stock Simulator: This is a great simulated stock investing program from a premier financial education site.

  • Virtual Stock Exchange: This is a very active simulated trading site and discussion forum with the trader community.

Recommended Apps for High-Level Stock Investing

In the age of tablets and smartphones, you can stay on top of your high-level investing pursuits with popular and powerful apps to keep track of stocks, do research and analysis, follow financial news and views, and more. You can find these apps on Apple’s iTunes site or via your favorite search engine:

  • Forbes Intelligent Investing app: Forbes is a financial site, and this app has many features and tools for electronic investing.

  • The Wall Street Journal app: This fully featured app for investors is from the premier financial publication.

  • Yahoo! Finance app: Yahoo is one of the top go-to financial sites, and this app brings Yahoo’s news and data to your fingertips.

  • StockTwits app: This app has great features designed by one of the top stock investing forums online.

  • The Bloomberg Business app: Bloomberg gives you stock quotes and financial headlines with this handy app.