My main trading platform is TradeStation. But I also have ThinkorSwim as a back-up along with Interactive Brokers for their combined long list of shortable stocks. ThinkorSwim has been rated 4.5 out of 5 by Barrons’ a few years in a row. This is the highest score. TradeStation and Interactive Brokers tie with ThinkorSwim most of the time.
Pros
Cons:
In conclusion, I like ThinkorSwim. But I only use it occasionally due to its expensive commission and the way I trade. You can not use ThinkorSwim if you are a scalper or your trading style is similar to mine.
My main trading platform is TradeStation. But I also have ThinkorSwim as a back-up along with Interactive Brokers for their combined long list of shortable stocks. ThinkorSwim has been rated 4.5 out of 5 by Barrons’ a few years in a row. This is the highest score. TradeStation and Interactive Brokers tie with ThinkorSwim most [...]
June was a flat month as we can see from the S&P’s monthly chart below. I think there were 2 main reasons
1: No further good news that could send the market higher.
2: A correction/pause was needed after a big 3-month rally.
The doji star in the chart below does not mean that the market will soon [...]
In the stock market, you will want to invest in the sector leaders because you have a limited amount of capital and you would like to make the best use of it. What characteristics does a sector leader possess?
1. A sector leader should have the best performance among its peers.
2. A sector leader should have [...]
American Superconductor Corporation,founded in 1987,is an energy technologies company, offering an array of solutions based on two proprietary technologies: programmable power electronic converters and high temperature superconductor wires. You can read more from AMSC’s website.
Because of this report, Shanghai Electric Cable Research Institute Expands Strategic Alliance with American Superconductor, the speculation that AMSC will have [...]
We have seen a continuous pull-back for a few days. But I do not think it will go down too much since the market seems to have digested all the bad news. Therefore, we need to be prepared to pick our next possible winners on the long side.
There are 2 strategies to pick stocks.
1: Pick stocks that [...]
The market was weak today. I thought it would be an up day. But it pared almost all the gains at the close.
Because of some bearish news from Germany, all fertilizer stocks such as POT and MOS gapped down and tanked hard. That is one of the problems with holding stocks overnight. No one can [...]
My trading has been crawling like a snail ,slowly but surely. I am not worried about the loss/gain at the end of each day. If I make 1000 today and do not know how I made it, I will not be happy at all since I will give the money back very soon. I must [...]
A lot of stocks have doubled from their lows since Dow touched its low in March 2009. People like bottom fishing. Bottom fishing is very dangerous. Because it is dangerous, it normally gives you a very good reward. So I believe that many people have made some decent profits during this rally. This type of [...]
Did you buy FAZ around 30, 20, and 10 thinking it was cheap? Did you not cut your losing FAZ position in a timely manner? If your answer is “Yes”, then you are in deep doodoo. These leveraged ETFs are not meant for the “buy and hold” strategy. They are for day trading. I know [...]
It would be ideal if a day trader could make an average of 300 dollars every day. It would add up to 6000+ a month (22 trading days). Here are 2 possible scenarios.
You make realized 300 dollars every day.
You have a 5-6 big winning days when you make 1000+ per day and stay flat on the [...]
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