Originally Posted by
Gunfighter
The options traders have had enough influence that I signed up for a paper trading account on thinkorswim. Tastyworks or Tradestation will be the likely destination for the actual account. It seems like Tradestation charges for data feeds, but I couldn't find that info on Tastyworks. Any traders care to chime in on fees for data feeds? Do you do the bulk of your research on the platform?
I've really enjoyed the TT education series. The Beginners course was a great review and I found the two series on Managing a Large/Small Account useful as well. I'm optimistic about successfully trading, but still not sure managing an options account is a better use of time than reviewing PPMs for passive CRE deals. Time will tell...
I don’t have a lot of time to post right now but I use Trade Station. I avoided it for years because I thought it would be expensive but it isn’t. I trade options, futures and currency futures. I got into automated systems years ago using NinjaTrader (C# language) but whenever I had an idea for an automated system, I had to hire a programmer to program it without even knowing if it would be profitable so I didn’t. Now, with Tradestation, they use “easylanguage” which is based on FORTRAN and easy to learn. The reason I switched to Trade station was because I had an idea for an automated system for trading options, and Trade Station is the only platform that supports automated options trading. I’ll have to look but I don’t think I pay anything for data. If you make a certain amount of round turn trades, the fees are waved. I’ll post more when I can after the family vacation or you can PM me any questions you have and I’ll answer the best I can. Trade Station isn’t nearly as expensive as I thought it would be, and with a virtual private server, you can set yourself up to have a program trade the futures market 24 hours a day, 5 days a week, while you’re working, sleeping, or hanging with friends or family. There’s nothing better than connecting to your VPS and finding out you made $3-5 K overnight. The opposite can happen though and those mornings suck.