You want to keep up with the stock market – but how do you do that with a busy schedule? When you have a full-time job? When you are a parent?
You CAN keep up – on your smart phone.
I’m going to show you how easy it is to place a trade and get all your stock market trading information right from your phone.
There may be several apps that allow you track the stock market from your phone, but in this post, I am going to focus on using the Schwab Street Smart app (to learn how to open up a Charles Schwab account, please view this video)
The step by step process:
Step One: Download the application
- Go to your app store on your phone
- Search for “Street Smart” and download the app
- Open the Street Smart app
Step Two: Log in with your account information
Step Three: Get familiar with the features…
On your dashboard, it shows your account value, losses and gains you have made if you are in any trades, and shows you your open orders and if any of them have been filled. In the middle of the dashboard, it shows you a snap shot of what is going on with the overall market, gainers/losers, the news, and the Idea Hub.
As you can see, you can click the different areas to gain a high-level overview of what is going on with the S&P 500, the NASDAQ, etc. You can also click “news” to see what is affecting the market. In “Idea Hub”, you can see the ideas Charles Schwab is giving to their account members.
Place a trade by clicking on the “Trade” button at the bottom of the of the page. Enter the ticker symbol of the trade you would like to place. You will note that it is streaming real time, so the numbers are continuously changing.
You can choose call, put options, or other options.
Then you select the action you want (BTO, STO, etc). You can edit your details if you want. Then you can hit “Trade Calculate” (which will calculate your loss ratio) or “Preview” to place the trade.
What I also love about this app is that there is so much possible – for example, when you click “menu” at the bottom you can check out the charts.
Now from here, there are a ton of indicators that you can add to the charts to analyze them better, add in your cross-hairs for a tighter view, and a lot more.
You can also create “watch” lists, which are any stocks you are watching, from the menu at the bottom.
There are a whole bunch of other features that this app allows you to do – so there really are no excuses when it comes to trading. You can trade on the go.
For more features, check out the tutorial above.