Trak the top performers and learn from the best!
“If I have seen further than others, it is by standing upon the shoulders of giants.” – Isaac Newton
Learning from the best is the simplest and easiest way to start learning a new subject. We, at TrakInvest, introduce Social Trading – the concept of following others to learn from their trade ideas. You can follow experts by sector, market or company – the way you want to.
As soon as you trak a player, you can see his/her trades in the notifications pane on the right of your screen. You will get to know whenever the user places a trade. For example, in my screen, I can see the following notifications about a user named Gagan. So, for instance, Gagan has bought 3000 shares of Petronet LNG.
In order to learn from the other top performer, you can do some or all of the following four key things:
- You can click on the company page of that stock on TrakInvest and observe the ‘buy, sell, hold’ stock score.
- You, then, read up on company news about that company in the news section on the right side of your screen. You try to assess and co-relate the news item with the action take for that particular stock. For instance, if Gagan bought Petronet LNG, why did he do so? Are the results going to be out soon and are they likely to be positive? Is a merger, buyout etc happening? What is the news about a company that has caused him to place an order in that stock. This will hep you understand and correlate a stock action with a news item for any company.
- Third, you can review the company fundamentals and the financial ratios of the company to assess if the stock is likely to be profitable in the near future. We have explained some of the ratios here.
- Finally, you can review the price movement of the stock for past 5 years to spot any pattern or trend relative to the time of the year and current news. Much can be interpreted from the price charts by studying the price and the volume movements.
The #trakinvestshow is all about real people sharing their personal trading strategies like never before – something unheard of till now. Once, you get more confident with our platform you can join our certification program to prove your performance and earn a certificate which you can then use to access jobs and internships.