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How important is it to you to have web/mobile/phone/tablet access to your trading? Vote and discuss, including what degree of interaction you are wanting -- such as 'view only', or 'be able to place trades', or 'see full charts and indicators' etc.
Thoughts on using web (browser) interfaces vs using app's like iOS or Android? Preference?
I've used the OEC app multiple times to monitor a trade while I am in the restroom, or at lunch. Nice to have but not necessary to trade with.
Could come in handy if you have an issue with your platform that requires you to reboot, monitor trade on ipad until everything is back up. Actually did this this morning.
Would not use to enter a trade. Mobile trading is nice to have when I have a trade near the end of the day where I just need to watch and move a trailing stop.
Nice to have simply for backup reasons. If the machine / your internet connection breaks you have an additional possibility to quickly not only close the position by calling the desk but even evaluating and managing it via mobile.
But I would neither enter nor by default manage trades via mobile
(Could be different for swingtrades, as @traderwerks described)
I voted that I would not use it, but that was before I read these posts suggesting having it as a backup.
I don't think I would use it or want it for anything like normal trading. One of the things I have worked hard to do is controlling or eliminating impulse trades. Part of that has been to make decisions based on a small number of very definite and simple criteria -- and never "Ooh, it's going up!" or "Shiny object, got to take it!"
I think that whipping out a mobile device and checking on a trade or the market away from my normal work environment would likely encourage impulsiveness or hasty decisions, for me at least.
Now, this may just be about me being weak-willed. But hey, you've got to know yourself.
For backup, though, I think it would be very useful.
If I'm swing trading its very important when I'm no at my desk to be able to monitor positions and account. For intra-day less so as I'm at the terminal. That's as far as my usage goes, I do not execute remotely unless reacting to a sudden market move, even then I've historically always used a terminal.
Perhaps that's just me being old fashioned though, I see many many new traders using these features, and so that brokers are more widely providing these sorts of mobile apps.
I need screens of charts not indicators, nothing too elaborate that mobile couldn't handle.
Ideally if I had the resources I'd outfit the bathroom with screens behind waterproofing
as well as in the kitchen
and over top the bed
touch screens everywhere instead of mobile
Mobile does help with swinging currencies or stocks when afk but I need to have predefined areas made up beforehand with normal sized charts. I wouldn't trust it yet with futures.
Alerts would be nice. maybe a beeper.
You know what would be real cool? A pair of google glasses with all my charts uploaded so I don't have to bother anyone or make an eyesore of the place.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
