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Q&A for How to Track Stocks
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QuestionIs there an app to keep track of stocks?Andrew Lokenauth is a Finance Executive who has over 15 years of experience working on Wall St. and in Tech & Start-ups. Andrew helps management teams translate their financials into actionable business decisions. He has held positions at Goldman Sachs, Citi, and JPMorgan Asset Management. He is the founder of Fluent in Finance, a firm that provides resources to help others learn to build wealth, understand the importance of investing, create a healthy budget, strategize debt pay-off, develop a retirement roadmap, and create a personalized investing plan. His insights have been quoted in Forbes, TIME, Business Insider, Nasdaq, Yahoo Finance, BankRate, and U.S. News. Andrew has a Bachelor of Business Administration Degree (BBA), Accounting and Finance from Pace University.Stock and broker websites usually do that for you. Normally, you can create a watchlist that automatically tracks your stocks for you, but you can also get a report on your portfolio performance from your broker—with online brokerage, you can look up in real time and every month you get a statement and track if you're up, if you're down, your gains, your losses, your unrealized gains, your unrealized losses, etc.
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QuestionWhat do I need to trade stocks?Community AnswerMoney and some mathematical reasoning skills.
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QuestionI want an app into which I can plug stocks I'm interested in tracking. Stock Fetcher above looks like its the only thing I have seen. The rest allow you to invest and track, I want to track first. Any advice?DonaganTop AnswererTry SmartStocks.com. Also, many online brokers allow you to have a demo account in which you can pick stocks without actually buying them and track them in real time for as long as you want.
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QuestionHow many contracts are in a lot?Shams_afnaanCommunity AnswerEvery stock or commodity's lot is different. Some have 75 contracts in a lot, some have 25 contracts in a lot.
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