Comments on: Tuesday’s Trading

By: Charlie

Charlie — Wed, 31 Dec 2008 02:54:34 +0000

Let me know what you find out. I think you could probably do 5000 shares per day George

By: George

George — Wed, 31 Dec 2008 02:40:20 +0000

I’m checking out Tradestation. It is certainly full of features. I believe I would qualify for the 5,000 shares per month free access. Checking it out.

By: Dressguard

Dressguard — Wed, 31 Dec 2008 01:05:54 +0000

@CG: You surely know what you’re talking about

By: Crimson Ghost

Crimson Ghost — Wed, 31 Dec 2008 00:39:25 +0000

A few days ago I posted that bears should not ignore the strength in junk bonds.

Well that strength has continued and stocks are following.

Bad time to be short except for the briefest of trades IMHO.

By: newbie

newbie — Wed, 31 Dec 2008 00:29:30 +0000

I could not resist a small SKF buy at $111 AH

By: Larry

Larry — Wed, 31 Dec 2008 00:19:08 +0000

K, discount airline. Ticker nas.ol
Semi-monopoly, calm competition as the legacy carrier struggles. 40% of operating costs were fuel in Q3. Net cash.
Asia following U.S. up. Dollar continues to weaken. Dr Merkel is the stock investors’ best friend, but few understand.

By: admin

admin — Tue, 30 Dec 2008 23:04:09 +0000

Charlie,

TradeStation is free if you do enough trades with their brokerage. If not, the basic configuration is $99 a month, though that price can go up if you want advanced data options. For example, futures data is another $50 a month or so, etc.

Matt

By: admin

admin — Tue, 30 Dec 2008 22:59:00 +0000

George,

Yes, you can do that. TradeStation allows you to create an unlimited number of “desktops” which are similar to the multiple browser windows that you use. So you can have live charts for multiple timeframes of the same stock.

It also has advanced automated-trading features like K mentioned, and a powerful programming language. So, you could write some code implementing your strategy, and it will be able to execute trades.

On a more mundane level, its very easy to make macros to execute trades. Instead of typing in orders, you could make a macro to, for example, buy 100 shares of SDS. You can even do things like close all of you positions with one command.

The program also has a command line. So, just like the old days of typing commands into DOS like “DIR” you can type in commands. If you have a chart open showing SDS, you can type “SSO” hit return, and the chart switches to SSO. You can type “5″ to make it a 5-minute chart, etc. For somebody who can type fast, such as yourself, you can do things very quickly via the keyboard.

Matt

By: dave

dave — Tue, 30 Dec 2008 22:51:29 +0000

It wasn’t an easy call then either. Santa looked MIA. Your suspicion along with my sense of survival allowed me to sell my EEM puts for a one tick profit. As you well know some of our best trading is done on “wash” trades. I had forgotten about the end of the previous months.

By: Charlie

Charlie — Tue, 30 Dec 2008 22:46:49 +0000

Hey.. what’s the price of the Tradestation software?