Well, hooray for the professionals. Which most of us here are
not. Thanks to the lord, we live in an era in which
developers/companies have created platforms that serve us - to
execute our strategies/orders and not boggle our minds with trying
to configure the platform. Tastytrade comes to mind and Think or
Swim. Good times to live/trade in.
Posted by DigiNomad on 27th of Jun 2024 at 06:15 pm
I love TastyTrade. However, TastyWorks rejected me when I
mistakenly disclosed my professional status. On the flip side, I
always get the feeling that a platform is probably hiding something
when they reject professionals. Maybe they don't want people
using the platform that might have knowledge about what is and
isn't allowable, and why?
*I get it - the various exchange agreements are different and
the real time data isn't free with professionals, etc, etc. But
still, it feels shady that they just reject
professionals.
regarding TastyTrade - they are amazing for shorting esp small
cap crap stocks that no other broker has shares for. I know a guy
who uses a scanner for the stocks gapping up the most, and he
shorts the ones that basically have no fundamentals. He'll do 1 or
2 a day, and whenever he gives me the one's he's short, I have
never been able to short from IB, which has generally been good
Posted by DigiNomad on 27th of Jun 2024 at 06:09 pm
Yep, they're ok, until you start trying to fight fire with
fire...AI against AI. Then the retail platforms fall way
short of the mark...and they are losing ground quickly.
TradeStation has always been the "yeah, but what about TS"
....but they've been prone to freezing and crashing since
ever since, so it's pretty hard to build a business around and just
cross your fingers. When vol rises, TS crashes. You can almost set
a watch by it.
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Well, hooray for the professionals.
XLY / XLP - Looks like a lower high on ...
Posted by brophy on 27th of Jun 2024 at 06:07 pm
Well, hooray for the professionals. Which most of us here are not. Thanks to the lord, we live in an era in which developers/companies have created platforms that serve us - to execute our strategies/orders and not boggle our minds with trying to configure the platform. Tastytrade comes to mind and Think or Swim. Good times to live/trade in.
I love TastyTrade. However, TastyWorks
Posted by DigiNomad on 27th of Jun 2024 at 06:15 pm
I love TastyTrade. However, TastyWorks rejected me when I mistakenly disclosed my professional status. On the flip side, I always get the feeling that a platform is probably hiding something when they reject professionals. Maybe they don't want people using the platform that might have knowledge about what is and isn't allowable, and why?
*I get it - the various exchange agreements are different and the real time data isn't free with professionals, etc, etc. But still, it feels shady that they just reject professionals.
regarding TastyTrade - they are
Posted by matt on 27th of Jun 2024 at 08:18 pm
regarding TastyTrade - they are amazing for shorting esp small cap crap stocks that no other broker has shares for. I know a guy who uses a scanner for the stocks gapping up the most, and he shorts the ones that basically have no fundamentals. He'll do 1 or 2 a day, and whenever he gives me the one's he's short, I have never been able to short from IB, which has generally been good
Yep, they're ok, until you
Posted by DigiNomad on 27th of Jun 2024 at 06:09 pm
Yep, they're ok, until you start trying to fight fire with fire...AI against AI. Then the retail platforms fall way short of the mark...and they are losing ground quickly. TradeStation has always been the "yeah, but what about TS" ....but they've been prone to freezing and crashing since ever since, so it's pretty hard to build a business around and just cross your fingers. When vol rises, TS crashes. You can almost set a watch by it.