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Coming Up with an Idea

The first obstacle to placing a trade is coming up with your idea. Figuring out what will work best for you takes careful consideration. What’s your end goal? How long are you willing to hold a position? How much risk are you willing to take? These are all questions you should keep in mind when thinking about your trading method.

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Where should you start?

There are many ways to develop a strategy that will work for you.

• Check the news: Webull provides the latest news on the market or a specific company.

• Use screeners: Find symbols you may be interested in based on financial performance or technical indicators. Click here to see what filters you can use to search for a symbol on Webull.
• Trending stock lists: Webull provides several resources for finding stocks, such as top gainers, top losers, and trading volumes, among others. These lists can give you an idea of how specific stocks are doing at a given moment.

Stocks hitting 52-week highs and lows

Top gainers/losers for the day

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Stocks with the most trading volume

• Read about what others are saying in Webull community groups for stocks you’re interested in. You can also use Market Watch to find stocks.

While only you can decide what ideas to use for your trading strategies, listening to what others are saying can help you get a feel for how the markets are performing.

Disclaimer: All companies or symbols provided are for educational and informational purposes only and do not constitute an investment recommendation or advice.

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Trading with Confidence

It’s not unusual to feel hesitant about your ideas. Did your strategy not work out as well as you hoped? What if you suffer a loss?

To develop more confidence in your trading ideas, try to verify the methods you’ve come up with. Take a look at the technical and fundamental analysis scores for the stocks you’re interested in to see how it’s being viewed from a professional standpoint. On Webull, there is a quantitative score under each symbol’s “Analysis” tab.

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Check out what the analysts are saying about a stock and if they agree with you.

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Organizing Your Ideas

Once you’ve settled on a trading method you’d like to use, or if you have multiple ideas you want to execute, you need to organize them.

Take notes on your investments, making sure to write down any ideas you have, what strategies you’re planning to implement, create watchlists, set alerts, and track stock prices. It’s necessary to go into your investments with a well-formulated plan to set yourself up for the best chance at success. When you have a thought-out, strategized plan, you will likely have an easier time assessing your ideas and adjusting them where needed for future trades.

When your ideas are organized, you can easily evaluate your investments and increase your potential for success.

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Understand the Risks Involved

Always remember that no matter what ideas you have or what strategies you end up using, there is risk involved in every trade. There’s no way to accurately predict stock performance, and you should be willing to accept a loss. Understand that you may lose all or more than your initial investment when you choose to trade. It’s important that you do not take on more risk than you can handle. There’s always an opportunity to come up with new trading ideas if one doesn’t work out.

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The Bottom Line

Coming up with a new trading idea can be intimidating. It can take a lot of research, analysis, and time to develop one that suits your needs. Even so, there are many ways you can come up with quality trading methods to use for your investments. Not every idea will be perfect, but with patience and practice, you can come up with trading ideas that can help you meet your goals.

Looking for inspiration? Head over to the Webull Community and join the conversation!

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Data disclaimer: Technical analysis data and indicators are provided by Trading Central. Trading Central is a separate entity, unaffiliated with Webull Financial. Webull is not responsible for the accuracy or completeness of data provided by Trading Central. All data are provided for informational purposes only, and are not intended, and should not be construed, as investment advice or recommendations.