Hello, TradeSmith Family,
The markets have been interesting lately to say the least. Monday this week, we saw a big sell-off in the stock market following increased trade tensions and a devaluation of the Chinese renminbi. Gold and Bitcoin benefitted from this as investors looked for a safe haven to store their investments. Some investors, however, might have been willing to buy stocks following that sell-off.
So, how can you, as an investor, find the right investments? With many stocks at a “discounted” price, picking the right one could be a challenge. With the increased crypto prices, finding a token that’s not too expensive and still poised for new gains might feel challenging. That’s where TradeSmith’s Lab comes in — and the good news is that we’ve developed a version for both stocks and cryptos. Let’s check it out!
Ideas by TradeSmith
TradeSmith’s Lab contains seven different strategies for stocks. For a stock to even be considered for any of these strategies, it must meet the following requirements.
- Be in the Stock State Indicator (SSI) Green Zone
- Have had no loss since Entry
- Cannot have an Average VQ above 40%
- Must trade at least 100,000 shares daily
One strategy filters for stocks held by multiple billionaires. Another seeks for stocks poised to explode to the upside. Another looks to take advantage of lowered risk. And there’s even more strategies beyond that!
All the strategies are found in the top menu bar under TradeSmith’s Lab. The requirements for each of these strategies is explained in the strategy’s description.
For each strategy, you’ll find the list of stocks that meets the minimum requirements we just mentioned plus the requirements for that specific strategy. From there, you can begin your research on any resulting stocks.
We’ll provide you the SSI, VQ, and other basic information — like the P/E Ratio, Dividend Yield, and more. As an added bonus, you can see if a stock qualifies for multiple strategies, appears in newsletters, or even has options.
To see what newsletters, strategies, or options a position has, you’d just click on those little hyperlinked numbers. Keep in mind, though, that options are not available for all strategies. Options are also a more advanced trading technique, so please make sure you’re comfortable trading options before entering any trades.
If you’ve found some stocks you like, but aren’t quite ready to trade them yet, that’s okay. You can add them to a TradeStops watch list! Simply click the white boxes to the left of the ticker symbol, and you’ll see an option to add the positions to a portfolio.
From there, you can create a new portfolio or add the positions to an existing manual portfolio. This then lets you “store” the ideas for later or conduct further research.
Crypto Ideas by TradeSmith
There are thousands of cryptocurrencies out there. Picking just a handful to invest in might seem like an insurmountable task. It doesn’t need to be!
With Crypto Ideas by TradeSmith, we help you narrow down the choices to a more manageable list. Just as we do for traditional stocks, we do this for cryptocurrencies through TradeSmith’s Lab. There are four different strategies for crypto and — as is the case for our Ideas by TradeSmith program — all qualifying coins must meet some minimum requirements:
- Be in the Crypto State Indicator (CSI) Green Zone
- Have had no loss since Entry
- Cannot have an Average VQ above 80%
Notice that the Average VQ is higher for cryptos than it is for stocks. Cryptocurrencies are inherently more volatile than stocks. They’re still a relatively young asset class as compared to stocks, so we can expect more swings from them.
The strategies found in this Lab are tailored to crypto. Once again, you’ll find the requirements for each strategy in the description in the menu.
The coins found within these strategies might be ones that you haven’t heard of before. For example, in Momentum Pairing, we can currently find RIF Token.
You could add the RIF Token to your portfolio in Crypto by TradeSmith to conduct further research on the coin. It’s as simple as clicking the small box to the left of the token and following the prompts at the bottom of the screen.
Keep in mind that alt coins all have different missions that they’re seeking to accomplish. We do not take their use case into account, simply their performance in the market. It is up to you to determine if a coin is right for your portfolio. You may like the coin’s performance, but you might not agree with what the coin is trying to do. Make sure to research a coin’s whitepaper or even their website before you make a purchase.
As an Added Bonus
Once you have made crypto purchases, keeping track of their performance might be a little difficult. Can you guess where this is going? We’re here to help, of course! The Crypto by TradeSmith Welcome page has been updated to include a Dashboard. Those familiar with TradeStops should feel at home with the look of this update.
In the top left, you’ll find a chart where you can see an at-a-glance view of your portfolio’s performance.
To the right of that, you’ll find your recently triggered alerts. On the bottom of the page, you’ll find your top five winners and losers.
What is going to happen in the next few years? Where will markets go in the new decade that kicks off with 2020? What is the best way to position a portfolio for, say, the six-year window from 2020-2025? TradeSmith and his team seek to answer those questions in one of his latest editorials. For our crypto subscribers, make sure to check out the TradeSmith University blog. It’s packed full of our latest crypto editorials and research. We even have a daily crypto news update. The blog is a great way to stay on top of everything crypto!
Whether the market is performing well or experiencing more volatility, it’s still possible to find great investment ideas. Ideas by TradeSmith helps you find stocks poised for potential profits.
Crypto Ideas by TradeSmith helps you discover new coins you might never have known about that also meet tough strategy requirements.
Whether you’re researching stocks or cryptos, you don’t need to just follow the news headlines and guess if an investment is right for you.
As always, let us know if you have any questions. Keep in mind, we cannot offer advice on any particular stock, option, or cryptocurrency. We can, however, help you with all aspects of our various programs. Our email is [email protected]. We look forward to hearing from you!
Until next week,
TradeSmith Customer Success Team