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Coming from TOS, a Little Confused About What to Choose
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Coming from TOS, a Little Confused About What to Choose

  #41 (permalink)
Elite Member
Raleigh NC USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Optimus
Favorite Futures: Emini, gold, currency
 
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Skidboot View Post
TDA allows futures in IRAs, SEP IRAs, Solo 401Ks. Employer sponsored 401Ks are plans setup by the employers. I believe they set the rules on what investment products are eligible to be traded in those accounts - mostly mutual funds, stocks and ETFs.

Let me know when you get a solo k set up and trading. I tried and didn't succeed. You will find a lot of brokers restrict what you can invest in a 401k retirement account. A Solo K is still considered an employer account. I spent 3 hours in their local office trying to do It. I went to them because I probably read the same info you are. I was also suprised that once you get past the sales person Interactive Brokers restrict what you can invest in. Those were the first 2 I contacted. As I said their marketing material and reality isn't the same.

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  #42 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: TOS, Ninja, Tradestation
Favorite Futures: US Stock index futures
 
Skidboot's Avatar
 
Posts: 126 since Dec 2010
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You are correct. I just checked with my rep at TDA. No Futures in Solo Ks. SEP IRAs are allowed.


Tunetyme View Post
Let me know when you get a solo k set up and trading. I tried and didn't succeed. You will find

a lot of brokers restrict what you can invest in a 401k retirement account. A Solo K is still considered an employer account. I spent 3 hours in their local office trying to do It. I went to them because I probably read the same info you are. I was also suprised that once you get past the sales person Interactive Brokers restrict what you can invest in. Those were the first 2 I contacted. As I said their marketing material and reality isn't the same.

Sent using the futures.io mobile app


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  #43 (permalink)
Elite Member
Raleigh NC USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Optimus
Favorite Futures: Emini, gold, currency
 
Posts: 19 since May 2018
Thanks: 2 given, 4 received



Skidboot View Post
You are correct. I just checked with my rep at TDA. No Futures in Solo Ks. SEP IRAs are allowed.

I don't know for certain, but I suspect that they don't want the risk of a possible negative account and then have a liability.

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  #44 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: TOS, Ninja, Tradestation
Favorite Futures: US Stock index futures
 
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Posts: 126 since Dec 2010
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There may still be an option to contibute to a Solo K and roll the funds into a SEP IRA to trade futures.

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  #45 (permalink)
Elite Member
Raleigh NC USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Optimus
Favorite Futures: Emini, gold, currency
 
Posts: 19 since May 2018
Thanks: 2 given, 4 received


Skidboot View Post
There may still be an option to contibute to a Solo K and roll the funds into a SEP IRA to trade futures.

That is true but you lose the tax advantages of the 401k. You can pump 10 times as much money into a 401k over a basic IRA or Roth. SEP I believe is more but after I learned the benefits of the 401k I stopped considering IRA's.

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  #46 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
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Posts: 209 since Mar 2011
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@john5 OP,

Have you found the solution?
I'm coming back after 6 years absence and I'm the similar boat except for TOS part.

I have the lifetime license with Ninjatrader and trying to find a good brokerage to trade without much lag/slippage at the same time a good data provider.

Best scenario is keeping everything with NT but if I remember it right and also just started reading through this forum that NT still has some slippage issues when placing order?

Im considering IB for both futures and stock trades and wonder if it's good idea??


Last edited by kalalex; November 18th, 2018 at 11:13 PM.
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  #47 (permalink)
Elite Member
Los Angeles, California, United States
 
Futures Experience: Advanced
Platform: ThinkOrSwim, Ninja Trader
Favorite Futures: Futures
 
Posts: 61 since Aug 2013
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kalalex View Post
@john5 OP,

Have you found the solution?

I have been with TOS for over 10 years, so I am keeping it for now, or at least I am up to speed with NT. I have opened a brokerage account with NT, which comes with a data feed, but for now, the plan is to place the trades via TOS.

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  #48 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
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john5 View Post
I have been with TOS for over 10 years, so I am keeping it for now, or at least I am up to speed with NT. I have opened a brokerage account with NT, which comes with a data feed, but for now, the plan is to place the trades via TOS.

If you don't mind how did you like the kinetic feed so far compared to TOS?
I'm sure you are satisfied with TOS and very familiar with their speed and reliability.

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  #49 (permalink)
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Los Angeles, California, United States
 
Futures Experience: Advanced
Platform: ThinkOrSwim, Ninja Trader
Favorite Futures: Futures
 
Posts: 61 since Aug 2013
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kalalex View Post
If you don't mind how did you like the kinetic feed so far compared to TOS?
I'm sure you are satisfied with TOS and very familiar with their speed and reliability.

I just got everything set up with NT last week, so it is a little early to say. Seems good so far, but would need to spend at least several months with it under different market conditions to see how it does.

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  #50 (permalink)
 Vendor: www.ninjatrader.com 
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
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Posts: 1,396 since May 2010
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kalalex View Post
@john5 OP,

Have you found the solution?
I'm coming back after 6 years absence and I'm the similar boat except for TOS part.

I have the lifetime license with Ninjatrader and trying to find a good brokerage to trade without much lag/slippage at the same time a good data provider.

Best scenario is keeping everything with NT but if I remember it right and also just started reading through this forum that NT still has some slippage issues when placing order?

Im considering IB for both futures and stock trades and wonder if it's good idea??

I am not sure what you are referring to but NinjaTrader does not have slippage issues with placing orders. Orders are transmitted through CQG servers with direct access to the various exchanges. I can tell you that Interactive Brokers latency for order submission is higher on average than CQG/Continuum which is what the overwhelming majority of NinjaTrader customers use.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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