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The importance of web/mobile trading
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The importance of web/mobile trading

  #1 (permalink)
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The importance of web/mobile trading

Hi guys,

New poll.

How important is web/mobile trading access?

Total votes: 167
 


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?

Mike

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  #3 (permalink)
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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.

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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.

Math. A gateway drug to reality.
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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)

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Market Wizard
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tturner86 View Post
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.


Scalpingtrader View Post
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.

Bob.

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bobwest View Post
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.

Bob.

no worries, same here

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  #8 (permalink)
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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.

Thanks,

Sands

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  #9 (permalink)
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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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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If you want
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  #10 (permalink)
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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.

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