thinkorswim Review 2020 - Best Options Trading Platform ...

[FREE] Learn to Day Trade [FOR BEGINNERS]

Hello everyone,
I am new to Reddit. I am a successful part-time trader. I trade based off of both technicals and fundamentals. I have maintained a weekly return of just below 20% every week in my trading portfolio on my day trades and swing trades. In addition, on occasion, I do FOREX and options.
I started out using a small sum of money and gradually grew it into a large portfolio over the years. I am looking to help the people who are often told "you don't have enough money to begin trading," "you need at least $1,000 to begin trading," etc. In reality, in today's day in age, you can begin trading with less than $100, you just have to be realistic about how fast you can grow that sum of money into huge returns. If people say you need more than $100 to begin trading, they probably are unsuccessful traders.
I want to pass on the knowledge I learned over the years in the market to help make new traders successful. I am willing to teach a handful of people a comprehensive overview of everything you need to know to be a successful day trader. I am doing this for FREE, I will NOT monetize any part of this program. I will NOT cover anything related to FOREX or options because these are for advanced traders.
I will teach via live stream in groups and record these live streams for your review (live stream dates not planned as of yet). The reason I want to do live streams is so you can have your questions answered in real-time, increasing your comprehension and overall success. In addition, I plan on creating a group chat and voice chat group so I can communicate with the group on a regular basis. Email will also be another way of contacting me with questions. Eventually I will create a website if the program is a success.
The platform I will use to each everyone will principally be TD Ameritrade's ThinkorSwim Platform. This software is FREE and you can download it from TD Ameritrade's website. This platform is 100% FREE to use. TD Ameritrade does NOT have to be your broker, I just teach using their software. I personally DON'T use TD Ameritrade as my broker, but I use their ThinkorSwim platform usually. For your actual broker, feel free to use any broker you want. If you don't have a broker, you can contact me and I can provide a comparison of all the popular brokers.
If you want to me to teach you how to trade you must do the following:
-Follow my lectures and ask questions. My goal is to pass on my knowledge and create other successful traders, this is not possible if you take shortcuts. If you do not put in 100% you will be wasting your time and my time and I will kick you out of the group. -Not expect me to tell you which companies to invest in, at what price, and what time to exit the trade. I will teach you everything you need to know, but I won't help people who are just looking for a successful trader's positions. I will live stream some of my positions after you demonstrate you are making an effort to learn. -Never invest in anything you don't know. Always do your own due diligence! -Post on this thread saying, "I have read your entire post." (so I know you read everything) -Lastly, PM me why you want to learn to trade and what you will do to ensure you are successful. Feel free to include any other information, but please limit your message to under 500 characters.
I am only accepting a select amount of beginners in this program because I want it to be different than other programs. I will decide who gets in the program based on your reason for why you want to trade and why you think you will be successful at trading. I do not have an exact limit of the number of beginners I will accept to start with but it will be under 30.
submitted by EBITDAoverNI to DayTradng [link] [comments]

Adding to a prospective traders training plan

To the Stock sub, yes I read the wiki, I have been increasingly more interested in the financial markets and learning how to trade. I've been reading a ton on a ton, sometimes it feels like there is so much information it can start to become overwhelming. Sometimes I don't know where to start, and sometimes I don't know where to stop. This is an immense project for anyone to start, and to the people who have 'made it'(everyone has their own definition of success' I have a tremendous amount of respect for you. It seems that, day trading, intraday trading etc. are minimized to, it's basically gambling and if you dump money in the stock market you're an idiot. I once did also subscribe to that ideology and now I realize I probably should have focused on that instead of partying with friends and making some bad decisions, but the wisest of men were once the greatest of fools said a smart guy one time, I think. Anyway just some background, I am in my early 20's and am assigned as an air traffic controller in a branch of the american military. I just developed a rough 'training plan' to get myself on the right track to being fiscally adept. The reason why I am posting is to search for some wisdom from the elders, someone that will take some time to just sift through a couple of my talking points to add or subtract some of my basic ideas, and basically just guide me in the right direction. It doesn't make much sense to go into these things blindly, especially with an area of study a whole career field is designed around. I want to develop a rough map / curriculum to follow for myself, and to try to measure any indicators (no pun intended) of progress. But I am just a beginner, so why not post this on reddit? If anyone has any tips, something to add, something to subtract, that's why this is here. I'll be around to answer any questions for the next hour or so, then I can pickup tomorrow. I'm hoping we as a community can come together with something to give to a beginner like me, with this being the beginning
LINK TO GOOGLE DOCS -- HAS MORE CORRECT FORMATTING https://docs.google.com/document/d/1YTf0MMvFWdrvFlz_k-ruDuMABjaJEeZ5Aed07xEnEMI/edit?usp=sharing
My motivation – 1. So I can give family, friends and myself a life without worry. So, we have more time to focus on building meaningful experiences and forming a strong relationship with each other. 2. If profitable enough, to donate to cancer research to hopefully one-day cure cancer, more specifically, malignant brain cancers. 3. To have financial freedom. 4. To build wealth for myself and future generations of my family, regardless if it is my own kin. 5. To challenge myself. How I am doing this? Adopting a mix of education, research and simulated training I hope that by the end of CY18 I can have a small account funded 1500-3000 for trading while also focusing on paying down debt.
Education and Research: Reading List 1. Security Analysis – a. To gain a fundamental basis to judge a stocks worth, it has great reviews and has been recommended on multiple different platforms as a must read, so I am must reading it b. This book will not relate to the trading strategy that will be adopted in the beginning to build greater wealth. However, I think this will become a staple of future trading strategies. This book is basically the polar opposite to speculative trading/investment which will comprise the trading the trading strategy used to develop the wealth needed to reach the 25k minimum needed to day trade. 2. Japanese candlestick charting techniques (JCCT)-- a. This book is allegedly a great source on learning candlestick patterns and learning technical analysis. b. The focus will be learning how to read charts quick and effectively, allowing me to draw reasonable and insightful conclusions on the potential movement on stock based on its price-action 3. Will add more to the list after I finish these, but as of now I have determined learning a mix between fundamental & technical analysis will keep me well rounded so I don’t tunnel vision one way of trading. The aim is to remain well rounded and not to rely on one skill too much.
Online resources – 1. Youtube a. Ricky Gutierrez – stocks b. Timothy Sykes – stocks c. The Duomo initiative – Forex d. Numerous other youtube sources 2. Babypips – Forex 3. Lehman Brothers “Foreign Exchange Training Manual” (Dekstop) 4. Reddit? 5. Will add more as they come Simulation— 1. Tradingview.com a. Good charts, great indicators, free ‘real-time’ data and awesome charting features available as well as an easy to use papertrading, seems like a good resource for FOREX/STOCKS b. 2. TD Ameritrades ThinkOrSwim (TOS) a. 60 day Demo account that I called and got real-time data, the closest thing to a real deal trading platform I can get my hands. Will probably keep trying to learn this and use it as my basis for learning how to execute trades in the FOREX and Equity Markets. b. When the demo account runs out, make a new one, call and get live data set to the account again 3. The criteria used for the trading software a. Don’t make a lot of trades, I want to focus on only taking trades based on as much calculated risk as I can possibly calculate b. Trade around the pattern day trader rule, as when it’s time to go live I want to be used to it. What this means for me, is only take 1 or 2 trades a week, and making them meaningful. c. Try to learn something from every trade I make, failure or success I want to know if it’s pure luck or calculated risk. i. IF it’s a failure, I want to analyze why it happened to the best of my ability. ii. If it’s a success, I want to analyze how it happened and try to really solidify the knowledge. d. Try to imagine the money in the paper trading account is as real as the money in my pocket. e. Don’t rush or force trades, wait for a good “set-up” or situation. Stick to my technical analysis tools/skills and adapt to changing situations based on news releases.
Training— 1. Read at least 30 minutes each day of either Security Analysis or JCCT 2. Use youtube, babypips, reddit or some other online resource to learn SOMETHING that day. I don’t care if I am rereading the Relative Strength Indicator equation, I will do some form of online research and make it meaningful or impactful in some way. 3. Using a simulation platform, most likely TOS, develop a strategy for taking trades during the week. Live by the criteria I set for myself. a. Use each blown up paper account as lesson. b. Stay focused and don’t get emotional c. Rome wasn’t built in a day. d. Go live when I win more than I lose, and am green for 4 months. 4. Don’t forget who I’m doing this for and why. To-Do list – 1. Compile a list of terms, phrases, vocabulary and indicators to define/research and call it homework 2. Find or develop a good trading journal that is designed around a specific strategy, and before I enter into any trade I can fill it in this journal and if it meets criteria it’s time to buy. 3. Make myself some form of “homework” at-least once a week and learn from it. 4. If everything works out remain humble and try to help others succeed also. Summary – The goal is through a mix of, foundational reading (Security Analysis, JCCT and others), online resources, and simulated trading I can go from someone with very low to almost no knowledge of financial markets to a profitable and successful trader in the next 6-24 months. Using realistic and measurable goals to gauge progress (how many books have I read since I set the curriculum? How am I doing papertrading? Am I staying focused? Am I too focused?) as well as always constantly reforming and changing the training plan to grow with me I think this is possible.
submitted by DrDewclaw to stocks [link] [comments]

HOW TO SET UP THINK OR SWIM FOR FOREX TRADERS - YouTube (MUST SEE) Thinkorswim Automated Trading System Tutorial ... TC2000 vs. ThinkorSwim  5 Big Differences - YouTube Kai Whitney shows Order flow analysis using ThinkorSwim ... ThinkorSwim Review: TD Ameritrade Good for Trading? by Ross Blankenship ThinkorSwim Tutorial: Basics Overview for Beginners - YouTube thinkorswim® Tutorial: Introduction to thinkorswim® - YouTube

ThinkorSwim is a feature-rich, all-in-one desktop platform. Users will also have access to a mobile app (ThinkorSwim mobile) and web-based version of the software, but the desktop platform will be the focus of this ThinkorSwim review. ThinkorSwim offers a suite of powerful trading tools for both beginner and advanced traders. thinkorswim Review Editor’s Note: This product has been removed from our side-by-side comparison because it has been discontinued. You can still read our original review below, but Top Ten Reviews is no longer updating this product’s information. By Eli McCormick 04 January 2019. Shares. Our Verdict. This is a good service with great trading tools and independent research sources. For Flat ... Considering trading forex on Thinkorswim, but not sure yet if you want to take the plunge? In this article, we will teach you everything you need to know about this platform, so you can decide if it is the right fit for you. History of The Thinkorswim Platform. One of the reasons to choose Thinkorswim is the platform’s reputation. The history of Thinkorswim dates all the way back to 1999 ... I'm looking at two feeds for the currency pair AUD/USD, one from Thinkorswim, and the other from a dedicated Forex broker. Thinkorswim is missing the high low open data on my candles for the past 20 days, plus the data before that doesn't match. Turns out most of the pairs are presenting like this on TOS right now. Also, I've witnessed stop outs on my positions to the penny then the price ... Thinkorswim is available in both mobile and desktop versions and can be used for stock trading, ETFs, futures, forex, and options, including multi-leg options. On your desktop, Thinkorswim is an advanced platform with all the bells and whistles a serious trader could desire. The charts are highly customizable with ample types available. Traders ... The TD Ameritrade thinkorswim® platform supports trading in stocks, futures, forex, mutual funds, ETFs, fixed-income, and ETFs at reasonable cost, and provides the most extensive range of tools, screeners, chart studies and scanners of any trading platform that we have reviewed. You get free third-party research, free real-time data, and free analysis software but with so much on offer, the ... Review: ThinkorSwim. Sign Up Now. You may not have heard of ThinkorSwim, but you will want to familiarize yourself with it. This affordable trading platform is steadily gaining in popularity and is available at a rate that should make it a competitive option for any trader. Of course, these are surface level buzzwords that should not be enough to sell you on a program. After all, the platform ...

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HOW TO SET UP THINK OR SWIM FOR FOREX TRADERS - YouTube

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