The 8 tools listed are crucial to the system we use for trading. Without these tools we would not have the same success:
This platform isn’t the best one out there, but it is the one we use and we highly recommend it for part-time traders because it is simple and easy to use. The interface is very clean, there is $0 commission trading and it is FREE! By signing up, you get one free stock which you can sell for $5 to $200, depending on how lucky you are. THAT IS FREE MONEY! This is the perfect stepping stone to getting started as a trader!
This is my referral link, it will reward both of us one free stock.
We may be a little biased, but we absolutely love using thinkorswim to help us with our technical analysis. It allows you to see the bids and asks for stocks in real-time.
You need to have a TD Ameritrade account to use thinkorswim. You can create an account here: https://www.tdameritrade.com/home.page
Long Call and Put Calculator
This handy tool allows you to see how profitable things can get if you pick the right options.
Finviz provides stellar insight on the loss and growth of stocks. Using the graphs on finviz is an excellent strategy for options trading and pattern day trading.
We absolutely recommend using Yahoo Finance to search for the Beta value of certain tickers and keep up to date with the stocks. This will simplify the process of identifying the most volatile stocks.
This is a tool which shows you additional technical analysis based on resistance, and support lines. It is one of the resources we use to make sure that the probability of our stock succeeding falls within a 90% margin of success.