This year has started off with markets taking center stage. Inflation and the potential, looming recession has taken markets for a wild ride.
While short-term trading is no substitute to a long-term investing strategy, it can be an introduction to the market for young, novice investors. Plus, let’s be honest, making a quick profit in their trade will give anyone a burst of adrenaline!
Hopefully, the investor or trader in your life will take the lessons taught by the market in 2023 and build on their investing knowledge to build long-term wealth.
With a little guidance, these gift ideas can go a long way in aiding their development in stock trading and investing!
Here are the 7 Best Gift Ideas for Stock Traders in 2023!
1. Books on Technical Analysis
Most new entrants to investing have found their introduction to the stock markets from friends and social media. While this mania may have peaked their interest enough to get started, successful stock traders need to have more tools in the arsenal rather than just market exuberance and hype!
The Intelligent Investor is a great introductory book for all investors.
However, for those looking for educational materials more geared to traders, consider some of these other books.
Technical Analysis of the Financial Markets is a best-seller. The book has taught thousands of traders the concepts of technical analysis and their application for stock markets.
The book covers the latest developments in computer technology, technical tools, and indicators and charting. The examples in the book will help your young trader hone their skills.
Another popular method employed by stock traders is candlestick charting. Charting a stock’s movement and comparing those movements to historical patterns can help the trader predict which way the stock may go next.
The book Candlestick Charting Explained Workbook offers an explanation of how to chart a stock’s movement and spot trends or tells that can help you see where the stock may go next.
Learning the candlestick patters and how to chart a stock’s movement may be a helpful strategy that the trader in your life can use to make gains in the market.
The Stock Trader’s Almanac is another great option. This book could be a shortcut to understanding the cycles, trends, and patterns that will define stock trading in 2021.
Based on strategies that have outperformed the S&P 500 by over 325% since 2001, the Almanac offers proven and proprietary trading strategies.
Books on investing are one surefire way to increase knowledge on investing to ensure long-term, successful trades!
2. Blue Light Blocking Glasses for Women or Men
The life of a trader is not all glamorous.
Most traders spend hours upon endless hours staring into the harsh light of their multiple computer screens looking for opportunities to buy and sell.
Extended exposure to these blue light rays from computer screens can be particularly harsh for traders given the duration of time they spend online to research, document, and execute trades.
These rays can lead to many adverse health impacts.
In fact, a National Sleep Foundation study showed that the glow from electronic devices suppresses melatonin and interferes with falling and staying asleep.
However, wearing blue light blocking glasses can lead to a better night’s sleep, better decision-making and contribute to a better day’s work productivity.
This could be the difference in booking a profit versus a loss during the trading day!
3. Back and Neck Massager with Heat Deep Kneading Massage
As we’ve already discussed, stock trading is not all glamourous.
Often, dedicated traders spend 6.5+ hours sitting and watching their screens and position exposure during the market hours. Extended session trading after the markets close can tack on even more time seated!
As humans, we are not adept to sitting for such long durations in the same position. Because of the requirement to sit for long periods of time, many traders develop neck and back pain as they enter and exit positions.
To counteract muscle tightness, this heated neck, shoulder, and back massager can help alleviate some of the muscle pain caused by sitting for such a long period of time.
Self care such as this heated neck and back massager can go a long ways in keeping any trader in the game and out of the chiropractor’s office!
4. Stand Up Adjustable Desk Riser
Another way to improve posture and health for professionals who spend a lot of time sitting is to get them on their feet while they work!
This Stand Up Adjustable Desk Riser, Sit Standing Converter, Dual Monitor and Laptop Workstation can be just the office addition for any finance professional – especially, traders!
There are many benefits of standing desks. Here are just a few!
- Standing Lowers Your Risk of Weight Gain and Obesity
- Using a Standing Desk May Lower Blood Sugar Levels
- Standing May Lower Your Risk of Heart Disease
- Standing Desks Appear to Reduce Back Pain
Another great, healthy gift idea for any stock trader’s home office is this affordable standup desk!
5. COFFEE! COFFEE! COFFEE!
Let’s be honest here… Coffee is the sweet nectar every finance professional relies on to get through the long hours.
Traders are no different. Energy from a little caffeine may be the perfect prescription to get through those early afternoon, post-lunch lulls.
Instead of spending a ton of money at Starbucks, why not have a stash of coffee and new Keurig at your disposal?
Having a coffee machine and/or quick serve coffee at the ready by your desk or in your office can limit the time away from the screen. This can help you avoid missing those valuable trading opportunities that may only come a few times a day.
6. Bronze Electroplated Resin Bull & Bear Sculpture Statue
Every business professional needs to have a little office décor to mix up the monotony of their sterile office space.
This Bronze Electroplated Resin Bull & Bear Sculpture Statue is on theme for any trader’s home office desk!
More than just a paper weight, this statue makes a statement. Plus, it represents every investors’ hope for the stock market – that the bulls will prevail over the bears!
This small bull versus bear statue is just the right amount of fun that every trader will admire on their shelf or desk!
7. What stock trader wouldn’t love some Wall Street-themed movies?
Here are a few great classics that every trader would love to unwind to with a nice bottle of scotch.
All of these movies and shows will provide hours of entertainment for the stock trader in your life!
These are the 7 BEST gift ideas for stock traders in 2023. A little knowledge, a little fun, and a little practicality can go a long way in augmenting and encouraging their trading journey!