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The importance of web/mobile trading


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The importance of web/mobile trading

  #11 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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Big Mike View Post
So do you guys need charts? Indicators on charts? YOUR indicators on charts?

Do you need just a list of open positions? Just a list of symbols and current price?

Do you need the ability to close open positions or open new ones?

Do you need mobile alerts like if price hits a level or moves a certain percentage?

Watch lists?

Mike

For me (and I would use a mobile app mostly or only as a backup):

Charts - yes, at least enough data to see what is going on.

Indicators - my charts are pretty light in terms of indicators, and some (such as pivots, etc.) are more advisory than anything else. I think there are full trading platforms with mobile apps, but I don't know how full-featured they are. I would not want a small screen cluttered with indicators, so I would have few to none. Previous day HLC, maybe VWAP. That sort of thing.

A list of open positions with price would be too abstract for me. Same with watch lists (by themselves).

Again, I would not be thinking about trading on the beach or getting an alert at a party or something. If my main system went down I would want to make some quick decisions, probably whether to close out or not.

Otherwise, when I'm trading I want to be at my desk, and when I'm away from my desk I want trading off my mind. It only holds so much anyhow.

Bob.

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  #12 (permalink)
 
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 tturner86 
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Itchymoku View Post
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.

I have thought about ways to have a waterproof TV in the wall of my shower.

I just need to see my orders, simple charts with basic indi's like EMA's, be able to close positions. Wouldn't trade or enter with mobile, but like the ability to watch and monitor with it. Could come in handy if I have different accounts trading swing or intraday. Wouldn't need to open the swing account just watch on ipad.

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  #13 (permalink)
 
empty's Avatar
 empty 
Louisville, Kentucky
 
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I'd only be interested in a mobile platform as a backup, for exiting positions. It doesn't matter if it's web based or native as long as it's quick to bring up. I don't want to be fumbling with lots of steps.

I wouldn't need charts. Just a list of positions, current price, and the ability to close out the positions.

CTS' mobile option is handy in this way except.

Michael

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  #14 (permalink)
 
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 sands 
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Big Mike View Post
So do you guys need charts? Indicators on charts? YOUR indicators on charts?

Do you need just a list of open positions? Just a list of symbols and current price?

Do you need the ability to close open positions or open new ones?

Do you need mobile alerts like if price hits a level or moves a certain percentage?

Watch lists?

Mike

Open positions, and pnl and the ability to close. And mobile alerts yes. For me that is the real killer advantage to be able to know where my swing trading positions are when I'm away from the terminal.

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  #15 (permalink)
 
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 Massive l 
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I used to carry me laptop with my everywhere so I could monitor my positions
wherever I was. Now, I just carry my smart phone. Critical feature for me
when I'm out golfing or doing other things around town. I only use it to monitor
or close positions though. I've only closed out 1 trade using it so mostly
just to monitor after I'm in the swing and want to run errands or golf.
I don't need a chart because I know my levels and risk tolerance.

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  #16 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Personally I use a simple Android app that monitors all my positions updated once per minute, with real-time alerts that I define for certain levels or percentages. For futures positions I use the cash index price (not perfect).

The simple watch list of open positions is what I really utilize, along with the alerts. The charting in the app is good enough for my needs.

App is:
https://play.google.com/store/apps/details?id=org.dayup.stocks

Then if I need to take action I just RDP to my trading server to manage a position.

Mike

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  #17 (permalink)
 jayeye 
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I monitor positions and enter trades from my iphone most of the time.

I usually check on the charts via VNC on ipad or iphone then I have metratrader running on my home computer with an EA on DAX and ES chart. I just press buy or sell on the metatrader app and then the EA puts in my SL and TP as I have them configured.

This is not optimal of course. But it is the only way right now for me to be able to trade while doing other things full time.

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  #18 (permalink)
 
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 Massive l 
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Massive l View Post
I used to carry me laptop with my everywhere so I could monitor my positions
.

This is what happens when you don't get enough sleep...

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  #19 (permalink)
 
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 Big Mike 
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Massive l View Post
This is what happens when you don't get enough sleep...

I thought you were just drinking me irish beer.

Mike

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  #20 (permalink)
 
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 daytrader07 
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I have to have it. I've used a mobile app 3-4 times in the last 2 years to close out positions when power or internet went out.

I also opened a trade for the first time on Tuesday. I traded most of the morning session but had to leave the office because i was switching cable providers at home. I was waiting for price to hit a key support level but did not hit by the time i had to leave so when i got home i entered the order on my smart phone with a stop and target.

All the homework was already done before hand and it was a highly probably setup. I wouldn't just trade from a mobile app alone.

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