Thinkorswim vs active trader reddit. If limit orders are 'too slow' or miss all together because of fast movement then you have to go market. ago • Edited 3 yr. Adjust the quantity in the second line of the Big Buttons panel. Tastyworks advantage is that they are far more lenient approving you for naked options trading. I am looking to move about $500K from Chase to a platform that caters to "active" investors. I use both SSE and Tradingview. It is basically the same app I have on my phone (Samsung Galaxy S10) but the tabs/panels are spread (tiled) in the screen instead of piled vertically as it would show in the phone. futures. Sorry for the late reply! In my experience, I don't use the AT too much unless for futures or something very liquid (like SPY). it's been a problem for a week now). 2. Another screenshot from the vid showing level 2 as well. this morning and they said that they can enable it for an account, but that you lose the advanced features when doing so, such as auto-send and the Active Trader. Olegreg6 • 3 yr. I use TOS (TDA) for day trading - love the Active Trader tab and ability to see your purchases right on the chart and sale order "working" on the chart and ability to drag and drop and see your profit in real-time. It stands out for its extensive range of tools, functionalities, and analytical capabilities, empowering users to make well-informed trading decisions. Other than that, I don't see much. g. You have what you have. there's hot keys to add and remove the full positions but no hot keys to sell 1/2 or 2/3rds of ur position without entering the amount u want to sell whitch suxs it slows u down a little but overall the platform awsome imo 5. Right now it looks like it is a Windows application that is using WINE/Crossover to make it work on a Mac. I ASSUMED the price showing and highlighted was the current price of the option. Feb 21, 2024 · DRIP Service: thinkorswim has it; TradeStation does not. Somebody in this sub is going to fight you for slandering TOS lol. 46875 (the price for /ZB futures) that is a big deal. The first thing that bothers me is the things you can't get rid of. I use active trader extensively. Individual Retirement Accounts: thinkorswim and TradeStation’s software can be used with IRAs. The only way I can do this now is by breaking them into their own windows and then putting them side by side like that. Show more. Power Etrade. Both are setup the same thus it didn't occur to me until today. I recently switched from TOS web to desktop active trader and I've noticed this problem on multiple contracts. Used to use Etrade Pro at home, but at work, I couldn't download it, so decided to use Power Etrade. The first time you log in, you’ll see three equity indices: the E-mini Nasdaq, the E-mini S&P 500, and the Mini Dow Jones Industrial Average. Right-clicking on the chart produces several options, including alerts and a handy trade box. Mar 4, 2023 · March 4, 2023. The platform is made to suit advanced traders more than beginning investors who can handle a tool-heavy system. You can create sell orders that leverage studies which is in turn thinkscript. My personal experience, with ToS it was hard to manage 20-30 positions. 2) 1 stop loss 3) one limit (target price). I spoke with a TD rep. MaterialAd2684. mx/uvBY5Vf If you are an active option trader, you will love TW. Hey, this might be a silly question but does anyone know why when I use the TRG w/bracket option (with a preset range) and I hit Buy the Ask, the range is set correctly, but if I do everything the same and instead click on the active trader window, at a specific price, the preset In 2009 TD Ameritrade acquired the company Thinkorswim and inherited the ToS platform. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. In the tab view of the 3d settings you click 'program settings'. 0/5 stars with 31 reviews. If I Buy and Sell (to open) 10 contracts, that's 20 contracts to volume for today. GTX980, 36GB Ram, 8/16 Core 1800x, and a high end motherboard. Not sure if otherwise, it has a very specific focus, and beats everyone at it. 59 per contact. You get some low priced stocks as perks. Just from the demos I’ve watched it seems jigsaw goes further up and down the ladder, vs tos maybe only shows 5ish levels up or down? Also seems weird to me that on, let’s say AAPL, the level 2 shows no spread, but the ladder has a spread - if that makes sense. In active trader I have configured custom OCO orders and saved those templates, however I cant seem to figure out how to make and save a Stop Limit template. Since Feb, I’ve been researching and exploring platforms other than ToS so I have a good secondary broker. r/Daytrading •. Webull is a Chinese company allowing after hour trading. , BUY +1 STOP. /thinkorswim_installer. When you discover option selling after years of losing money on WSB. based on preference data from user reviews. During our examination of the platform, we found it powerful yet easy to use. So minimally slower. Gotta build it like you have said in the second paragraph. I'd have to do screenshots to make this clearer. Fidelity Active Trader Pro is bad on Windows too. Seems like TOS is updating bid-ask spread little slow. Food for thought. If I'm spending 8 hours a day looking at those charts, I'd prefer them to be aesthetically pleasing. I’m sure you’ll find some great ideas or workaround for what you’re looking for. Fidelity does so much for so many different services that it can be hard to get to speak to someone. Because I was trying to do it quickly, I accidentally copied a call instead of a put and only realized it after I went red as it was going down. thinkorswim has a better option for indicators but I don't really use sophisticated indicators when I trade and the charting experience is so uncomfortable on thinkorswim. If you know before the trade where you want to profit bail, you can use a bracket order (instead of an oco) with the high limit set at the price you would close the trade. Since I only have 1 laptop screen and no extra monitors, I end up having to click back and forth between charts a lot and it would save me a lot of time and annoyance if I could get two symbols on the active trader screen. Let's take a deeper look at both of these platforms so that you can make an informed decision try setup>application support>general>active trader and make sure "reset AT order template after sending" is NOT checked. They always put on neutral trades and if you s to do them you’ll see why. I always place my stop loss $. It either never executes or executes immediately. Not trying to be a jerk, but objectively compare for a moment my experiences for anyone out there who is searching for trading Futures on small accounts (I'll define that as < $5,000) NinjaTrader I’m not familiar with active trader pro but the L2 quotes should be colorized with shades of blue just like in the volume ladder. Set desired params and save for subsequent use. As my stop orders are adjusted based on price action I mostly use ToS for charting/research and execute my trades on ATP or Tastyworks. A Native Apple version would make it 100x better. Level 2 let’s you specifically see how the market maker is straddling the ask vs bet. That's a difference of $1. g if uso at price level 10 gets a buy order for 100 shares then that's 1 for tarde cnt and 100 for volume at that specific price. You open up NVIDIA control panel. 70 vs. Coming out of the August extravaganza, it was just too slow in the morning, so I reached out to Lightspeed They created both thinkorswim and tasty works (both brokers/software). TOS is powerful and flexible, but not at all meant for automated trading. To be honest, I never knew there was an app. He contains Single, OCO, and Trigger with one to three brackets. I am trying to clarify, what’s the best way to place a Buy order when prices are moving quickly. 65 for options per contract. Yes im using all 3 but i find my edge on the ladder for entry and exits As far as the hot keys go. 24 Online. Below are details of that conversation. The level 2 and time and sales seem really slow, they update about Tos is free and has better charting, research, and options analytics. In the actual Thinkorswim APPLICATION, they are By default, it's a total of 3 orders in 1 click. 5%, my first profit target at 1. I need help creating an Active Trader template that I can use to put in a trailing stop loss order for both long and short, I have tried back testing multiple template using TRG w/bracket, OCO but no matter which way I set things up I can't get the trailing stop limit order to operate properly. PSA: Schwab Transition Details. . Has anyone been able to figure this out? Thanks! Seems like it's more work than necessary and I'm not sure what the benefit it. I want to have a little debate about brokers here for Futures. There's no way to change. The price is the price of the contract and when setting a stop loss it’s at the price of the contract is well. Robinhood is by far the best platform. Two of the leaders in the space of active trading are Charles Schwab’s thinkorswim (TOS) platform, and the DAS Trader platform. Active trader is mainly for shares, but go into studies and look up floating PL, that will show you your P/L. I have 3 monitors. A more in-depth guide for the Ubuntu, Linux Mint and Debian distributions is available on The Learning Center. r/thetagang •. Category 4: Desktop Programs. Add positions to active trader. If anyone has knowledge of both any information would be appreciated. If you open too many charts and analytics windows, you will see very high CPU usage. Or, you can cancel the stop loss and enter the sell from active trader the way you tried before. Go on YouTube and search “thinkorswim setups for {insert trading style here}”. ago. 66 per contact. To learn more about the Active Trader, watch the playlist below or Turn on active trader in your main window setup Set active tradet to #2 yellow Set option you want to track via #2 yellow Change view to charts Assuming you want to see stock price on 1 (red) or more charts and track option price on active trader. At the prompt type: sh . although it's not quite the same as what you wanted, it will show your PnL based on where you entered your trade. Buy the Ask button. Alternatively, use the API and develop your own order entry system. Before we start the comparison, one thing I really like about ThinkorSwim and Active Trader Pro is that they’re brokerage-owned. If you just want the stop loss without the limit order, then uncheck that order in the active trader. The risk in that is, I may be partially filled (at that best The unofficial subreddit for thinkorswim®. There’s no way to change the colors though. They built the platforms for the way that they trade, and the way they trade is quite simple and mechanical but it is honestly the most sensible and straight forward to trade. I'm not here to dog on thinkorswim, I'm simply here to just ask the Entering Stop/Limit Orders. By active I mean I am not day trading but might make trades weekly, monthly, or annually. Mar 4, 2024 · Like TradeStation, most of thinkorswim’s clientele knows what it wants. Active Trader Pro rates 4. It's like the difference between hunting with a rock and with a rifle, once you learn how to shoot. I can't remember (but it's free). It is easier to trade by risk than by dollar amount. Insured up to 250K/person. TDA/TOS is overall better, IMO. If you However TOS is more powerful and far more customization with the scripts you can use, if you know how. But ToS is way more customizable than ATP. Both are flexible in terms of sharing screen space so I would always use ThinkorSwim but place orders through Lightspeed. TRG w/ 2 brackets order question. This means these two platforms are integrated with their corresponding brokerage. 05c below the current price. Let me know if u need me to do those. Hey guys, relatively newbie here on TOS. It is free of charge to close a position on options, and there is a cap of $10 in place per leg on equity options. You will see a bubble in the Buy Orders or Sell Orders column, e. Yoyoitsjoe. Flatten is for me the last resort (day trading future though). There is a $1 commission per contract, with options trades costing $2. TOS is richer in features and generally more powerful than Etrade's platforms. DAR2487 • 3 yr. Hover the mouse over Bid Size or Ask Size column in the Active Trader ladder. 3. The unofficial subreddit for thinkorswim®. In AT you can enable Chart, Chart2, Chart3 and its all in a more condensed box than it would be in the flexible layout. 008 bc of price improvement. Frustrates me that I can not add 4 charts in AT without adding in multiple panes. The Tom Sosnoff's international team built TOS. 119. 47K Members. Use the calculator (Risk divided by your stop loss value) will give you the shares you need. If you are really trading options that fast then you should just use brackets and figure out where your stop is. Like Schwab’s software, right Click "Install thinkorswim" to download the thinkorswim installer to a directory on your PC. For some reason the contracts don't update real time with the stock and it only seems to be the desktop that does this as the web app contracts are always accurate. On thinkorswim flatten is a market order. Once you do that, find that tiny weeny arrow drop down on the left of the BUY MKT button. Color-coded Level II quotes are integrated. My understanding is, if I place the “Buy at ask” order for say 100 stocks, it essentially puts a buy limit order on the minimum ask price. , AMC) in the active trader view. If you are OK with sharing your fica info with the PRC authorities many like them. Suggest playing around with different combos in the Sim to get the hang of it. sh. Thinkorswim has a better ui imo. I have also noticed active trader not moving even though the P/L in monitor is fluctuating quite a bit. The platform was available in the US to TD Ameritrade customers, and in Canada thru TD Waterhouse Canada which was not part of the merger. You can then add them to the charts or trade tab. By contrast, thinkorswim rates 4. ORDER EXECUTION QUALITY: A major priority for me was finding a brokerage with the best options order execution. LightSpeed has better order entry (and Hotkeys), execution (not always noticeable though), direct routing, and far better Level 2 visuals IMO. This interface can be accessed by clicking Active Trader on the Trade tab. That doesn't happen for me, I just submit orders out of active trader by checking one of my saved templates, and then clicking the price I like. If you were a user of TOS / thinkscript, you will learn that TD active trader is worthless and TD active trader's $30 per month fee is an insult. Vast_Cricket. Cornwaliis • 1 min. ago • Edited 4 yr. + $0 commission contracts. r/poker. But it's what your asking for. For a lot of things Power Etrade is quick and convenient, and it's web-based. Bid/Ask size on Active Trader should be actual. I’m trying to create a 2 bracket conditional order that will set my stop loss at 1. Today, I couldn't send anything to Active Trader and link it. 1coin3lives. 7 (one decimal digit is sometimes missing for equities) FOREX quotes look slightly different though that's not too big a deal 119'15 vs. Both have a wide set of tools and capabilities for empowering traders, however their strengths and focal points do differ. If you're trading Futures on a small account, you shouldn't use ThinkOrSwim. here is a link to use Dan's active trader window setup in thinkorswim: https://tos. Today my stop loss got triggered when the price was showing 1. I have accounts at both. If you are a new trader with a smaller account and want naked TOS Little Laggy/Jittery & Slow Options execution in Active Trader. After downloading open a shell and CD to the directory where you downloaded the installer. 50. 45. Reply reply. thinkorswim® is owned by TD Ameritrade, which has recently Open menu Open navigation Go to Reddit Home Here's how to do the pre-made conditionals to use in active trader: You can make and SAVE bracket orders (OTA - one order triggers another) in ToSbuy and sell with whatever price increase you want. That said, thinkorswim is considered a bit better in general. Have you ever seen "The Big Short" or "The Wolf of Wall Street"? As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. They say thinkorswim . Hit the wheel (settings) on the active trader then add the available items (bid buttons). Then in setup, tell ToS to not reset to single order. If you are already in a trade, and you have the advanced settings in your TD Account, you can set your stop and target with 2 different clicks. The Active Trader from the vid. Interesting. However, illiquid names have a poor AT window. TD Waterhouse Canada became TD Direct Investing which is the current organization that offers ToS in Canada, until Jan Active Trader P/L vs Monitor Tab. 5% and my second profit target at 3%. The active trader green buy row will randomly disappear on the best bid, usually when there's a bid on the 3rd decimal, between the bid and ask. + has active trader. Thinkorswim also has a “reverse” button that will also be a market order. You click yes and it creates the OCO. In the tree view you click 'Manage 3D settings'. Gwop506 • 2 yr. Active Trader PRO (Fidelity) also limits a lot of OTC stocks. I also always have auto send on, so I dont get I have been using Edge for a couple years now but in the last year I was introduced to trading view. Yes volume is number of shares or contracts for futures traded at that price level and trade cnt is number of trades or orders. Good tip on the go to window I'll definitely try that. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. once you open that you will see the BUY THE ASK, JOIN THE BID buttons. https://ibb. I also use the DoM (active trader) on Tradovate. Seeing quite a few posts with a lot of misinformation and questions about the Schwab transition, so I called and spoke to my TDA/Schwab rep. Access the "Template" drop down in the Active Trader Ladder. Top 2% Rank by size. There is some lag, I'm not sure if its the computer or the platform. You ToS is very customizable too but it has more of a web page feel than a desktop program. The order will fill at the best offer. I know I did. Jdoe68. I use heiken ashi charts on options to see the trend more easily. 49 and the price came to 1. ThinkorSwim is TDs active trader platform yes, it’s a great platform and much better than Robinhood. Then add those to a watchist. I had to copy and paste the option into the window (reached out to support about this. Considering futures data would cost only around $12 a month, if you place just 8 trades a month you would have covered your data fees. Set your quantity. Service on TOS is better in my opinion. Trading view is amazing compared to street smart edge. On the second click, TOS will give you a prompt asking if you want to link the orders. The difference you are asking about between AT and Charts with an AT is simply preference, for me, I can do everything the way TRG w/bracket on Active Trader window vs. Click the dropdown and select think or swim executable (if its not there you can click 'add' to add it to the list'. 3/5 stars with 11 reviews. Still, it offers more opportunities that could be valuable to a new trader than TradeStation, although it depends on your experience. It’s more meant for active traders who want to set up charts and studies with endless customization possibilities. Active trader and stop loss for options. Buying and Selling is times 100. :) My fee is much better at TOS than ATP, but that can vary by individual. Compare Active Trader Pro and thinkorswim. Hit the button and you will see your p/l and average price. mjayrieg • 8 hr. From what I see on this forum, think or swim has features that appear similar. The Active Trader tab is a thinkorswim interface designed especially for futures traders who can benefit from its handy bid/ask price ladder, one-click order entering, and high level of customization. Studies are scripts that you apply to charts what you are referring to are more the charts and components that you can add to a flex grid (or chart setup). You can position your "Cancel" button next to your "Flatten" button, although that still takes a couple of clicks. Title: Switching Strategy from Spreads to Covered Calls: A 3-Month Journey. I have found, at least on my option fills, Fidelity does seem to fill faster. To answer your question, volume and Open Interest is actual. It is compatible with both Mac and Windows, and is capable of pleasing the most demanding of traders. Do you guys use the price ladder to enter trades or use just the click the buttons (buy mkt, sell mkt, buy ask, sell ask, etc). • 3 yr. I have Then, the normal active trader ladder on the right side of the screen, tied to the symbol I want to trade obviously. click this little settings button in activetrader (for column settings), and add the P/L Open column. StreetSmart Edge gets an A+ from me. You can put in a stop loss but I never do. Is there anyway to see the corresponding price of a stock when placing a stop loss in active trader for an options contract. The price does not get colored red/green based on if the price went up or down. I needed to activate some real-time data or L2 book on the TD website. Or you cancel the stop loss and hit Sell Market. I don't believe this is a new issue but seems much worse after the latest update. TOS active trader bid-ask is slow. Any chance why on ThinkOrSwim Active Trader Contracts. + really easy charting experience. This bubble indicates trade direction, quantity and order type while its location determines hope everyone's having a great weekend. For Futures, mine initially didn't show up. In comparison, thinkorswim charges $0. I attempt to daytrade in my downtime at work, I've only ever used Etrade. At this point they should just rename it to passive trader semi-pro. 50. works great to see the p/l of the current trade I use ATP for long positions. Each product's score is calculated with real-time data from verified user reviews, to help you make the best choice between these two options, and Mar 15, 2024 · In particular, tastytrade was built with options traders in mind. u/Desert_Trader has it correct, Flexgrid is the best way to set up ToS to however you want to have it. Are there any real bonuses for bringing that kind of money over? Yes you can add the P/L Open to the active trader view. ToS doesn’t do true automated trading. Schwab-TD has 5 platforms to pick from. I have switched brokers to Lightspeed, and I must say, getting used to a new platform and feel is considerably harder than one might think - especially after nearly 3 years of using ToS (in my case). when active trader is open Look in the upper right and click on the small cog, click customize select the P/L Open, and click add item, and then click OK. If this doesn’t help maybe I can with more details. It all started when ToS went crazy. Often times this field will disappear for 60 seconds or longer, which can be devastating for day trading. Especially after one is locked and loaded and every new trade has to be tweaked to balance the portfolio delta. . That's 20 * 100 to my pocket book. Thinkorswim is the best trading platform I've used hands down. To learn more about the Active Trader, watch the playlist below or Thinkorswim Web vs. The charts have been extremely useful with plethora of technical studies but they also look ancient. co/NLVxG93. TOS’ software also has more drawing tools, including more Fibonacci functions, Andrew’s Pitchfork, and a text box, to name a few. I thought that with all the real state and nice resolution in the tablet, they would make the app a Started theta trading at the beginning of the year exclusively trading TQQQ. If you hate think or swim, Fidelity’s active trade is way worse. I also want to start playing with options - more for fun than as a means to make big $$. Wilson8151 • 2 yr. Yup. TD has built a worthless charting system that was available in the 1990s. Jan 9, 2024 · NinjaTrader on the other hand will charge as low as $0. Both Schwab and Fidelity have solid active trading platforms. Taking into account dealing with multiple platforms, for each function, you are back at a 8 or maybe even a 7. As you can see, the platform is divided into several panes. I would like to get rid of the Futures Trader, Forex Trader, Pairs Trader, and the Active Trader tabs and replace it with an Options Trader tab but I don't think this is possible. ThinkorSwim is owned by TD Ameritrade ( soon to be Schwab ), while Active Trader Pro is owned by Fidelity. Thinkorswim has been one of the best trading platforms I have used. E. Get in a position, then set the target or stop, Last, set the opposite. 50, I place my stop at $1. we put together a tutorial for setting up thinkorswim & active trader for daytrading and scalping. Thanks. They don’t seem to bother with fixing or improving. Number of Trades per Month. If you are on an M1/M2 chip it then gets fed through Rosetta as well. If you click on any price below the current price to sell, it sends a STOP order but just a market stop. Made a limit entry and I noticed the highlighted price AND the price presented as current were not moving at all although the candles were making sharp moves. Schwab charges no IRA fees, while TradeStation has a $35 annual fee and $50 closeout fee (crypto and futures IRAs have their own fee schedules). Example: if the option contract price is $1. • 4 yr. I've noticed my thinkorswim to kind of lag during the trading day, then be so smooth afterwards. There appears to be an issue causing lag and increased CPU utilization when viewing very high volume stocks (e. So one difference I found is the sidebar options that are available. 45 after couple seconds. 1) The order that initiates the other 2. My main question is: Are the fills faster than smart routing with traditional But the TOS app (or even the TDA Tablet App) is disappointing. My /ES active trader and level 2 - circled the discrepancies in red. But if you are using the DAS platform to execute the trades, this wouldn't matter. Now that you're already in that trade, you click on Monitor right click the stock symbol and select "create closing order" select the order type from the menu and the stock will sell that way. This can be resolved by removing the volume bars inside of the widget as demonstrated in the video. Let's say Thinkorswim is an 8 out of 10 across all functions, and "best-of-bread" platforms, for each specific function, would be a 9 out of 10 rating (I never give 10 out of 10 - lol). true. Fidelity: Active Trader Pro is Fidelity’s desktop program. Tastyworks is essentially TOS-lite. Because it’s two separate orders, I am not able to move both stop orders simultaneously on the chart. OP • 3 yr. 005 seconds and Fidelity . The shortest possible summary I can make. The market maker is usually the biggest order, a lot of times it’s Goldman Sachs (GSCO). Most people like TOS. For my Active Trader users. Also adding a picture link in case reddit kills the video quality. 47K subscribers in the thinkorswim community. Then I come across a new video and see his active trader which actually shows all the bids from 10 ticks below the mark and all the asks from 10 ticks above. 0. It closes out your position and then takes the It's time Thinkorswim integrated TradingView on their platform. It feels like the Walmart version of think or swim. Even if I Sell to close, that's 20 contracts to volume. While StreetSmart Edge has only about 40 technical studies, thinkorswim has 400. Is there a column that can be added which tells you stock price too Feb 29, 2024 · To access the Futures Trader, I’ll select the Trade tab, then the Futures Trader tab. 5 out of 10 to deal with multiple platforms. Etrade Pro has a lot of features but is a hot mess in terms of interface - almost as bad as IB's Trader Workstation. webull: + has hotkeys. Im thinking of just hiding the ladder and entering just tapping the buttons If you’re trying to trade rapidly, you might be better served trading on the active trader widget instead of through this order entry. Jun 24, 2023 · Thinkorswim, a trading platform offered by TD Ameritrade, is a highly comprehensive and feature-rich solution designed to meet the diverse needs of traders across various experience levels. It’s a RH thing. NobodyImportant13. WARNING - Active Trader. I trade options only and what I enjoy the most is the ease of order entry, clean charting, and user-friendly risk analysis tools such as options P/L diagrams. I should start by saying my computer is robust, especially for trading. So I started to use active trader yo become more familiar with it and as I was paper trading I have noticed, on several occasions, that the P/L on active trader and monitor tab are different. You can place a limit order above the current price for faster buying, and below for faster selling. T_A__1234. It’s important to know what the market maker is doing because the vast majority of the time the stock will, at least temporarily, follow their massive bets. Any help is appreciated. Long story short: Got hosed today taking a SPY option via the Active Trader ladder. It’s meant to be used if you want all out of a trade immediately and your quantity button is not the same amount as the number of shares you have. jz tp zb lx lt zx hs rk oo fl