Is Thinkorswim a good Platform for Futures Trading? - ThinkOrSwim | futures io social day trading
futures io futures trading


Is Thinkorswim a good Platform for Futures Trading?
Updated: Views / Replies:85,274 / 196
Created: by rcs9234 Attachments:7

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 7  
 
Thread Tools Search this Thread
 

Is Thinkorswim a good Platform for Futures Trading?

  #121 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Intermediate
Platform: thinkorswim
Favorite Futures: CL
 
Posts: 11 since Feb 2013
Thanks: 6 given, 7 received


ClemDuper View Post
What sort of trading volume is required to get a discount on futures commissions? I have traded 3-10 round trips per day for over a year, but never thought to ask. I pay $3.50 per contract...I know it is high, but like the convenience / familiarity of the platform.

I trade around 10 roundtrips a day 50 a week or so. I asked them to lower it to $4 roundtrip and they did, but this was before TD bought out TOS, I think now you should still be able to get down to $5 RT. Good luck.

Reply With Quote
 
  #122 (permalink)
Trading Apprentice
Houston TX
 
Futures Experience: Intermediate
Platform: TradeSation, TOS
Favorite Futures: Gold, CL, TF
 
Posts: 5 since Jul 2012
Thanks: 0 given, 0 received

FWIW

I am just starting with Futures on TOS and just asked support over chat and they lowered my rate to 2.25.
From reading this thread it seems like it starts out at 3.50 and you can negotiate it.

Reply With Quote
 
  #123 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Rithmic
Favorite Futures: GC
 
plethora's Avatar
 
Posts: 639 since Dec 2010
Thanks: 1,174 given, 422 received


I genuinely admire anyone who can trade on TOS. There are so many absolutely basic features that are missing. I use it for $TICKQ and $TRINQ only and for that I'm grateful. But I would pull my hair out if I used the platform to trade.

Reply With Quote
 
  #124 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,159 since Jun 2009
Thanks: 29,275 given, 82,757 received


plethora View Post
I genuinely admire anyone who can trade on TOS. There are so many absolutely basic features that are missing. I use it for $TICKQ and $TRINQ only and for that I'm grateful. But I would pull my hair out if I used the platform to trade.

At least you get free access to tastytrade

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)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #125 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 683 since Jan 2012
Thanks: 301 given, 606 received

If you want to make the TOS ladder static

Set up, General, Autocenter AT,,,,,

Type in 86400

So I'm told

-Bill

Reply With Quote
 
  #126 (permalink)
Elite Member
Dallas, Texas
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: AAPL, /ES, IWM, SPY Options
 
Posts: 208 since Oct 2012
Thanks: 440 given, 100 received


plethora View Post
I genuinely admire anyone who can trade on TOS. There are so many absolutely basic features that are missing. I use it for $TICKQ and $TRINQ only and for that I'm grateful. But I would pull my hair out if I used the platform to trade.

Can you elaborate please?

Thanks

Reply With Quote
 
  #127 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Rithmic
Favorite Futures: GC
 
plethora's Avatar
 
Posts: 639 since Dec 2010
Thanks: 1,174 given, 422 received

Missing Basic Features:
--A Bar Counter
--A Tick Counter
--Drawing Tool Fonts (The one size fits all is teeny tiny even after shutting down to exit the platform so you can increase the font -- and then log on again I kid you not.)
--An opportunity to Adjust the Default Fibonacci levels
--A Zillion Redundnat Clicks to Exercise the Most Simple Task such as Erasing a Drawing
--A Way to Save the "Customized" Tick Size even though you use the same ones every session
--Why is all the Space Wasted on the Bar Above the Chart When It Could House a ToolBox?

'nuf said. However, when you're tryin' to get everything to work the way you want it to and you may never do so, ya might stumble on a way to see the internals that ends up being enlightening.

Reply With Quote
The following user says Thank You to plethora for this post:
 
  #128 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 683 since Jan 2012
Thanks: 301 given, 606 received

If it weren't for me being lazy and not wanting to learn a new platform and a few custom studies, I would move on.

With that said, I only use TOS for charting and not for actual trading.

One thing that most seem to overlook is data feed - TOS gets their data in blocks so it effectively makes anything other than time charts useless. For me that's ok because I trade one, five and fifteen minute charts.

/6E only

And if none of this or the aforementioned is not enough to convince otherwise - have at it

For five years of hearing f***ed up stories regarding TOS and trading futes

-Bill

Reply With Quote
 
  #129 (permalink)
Trading Apprentice
Boston MA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: The one in which my setup appears :)
 
Posts: 43 since Nov 2010
Thanks: 22 given, 10 received

Where Are Stop Orders on TOS Futures Held?

Are stop orders held on one's own computer or at the exchange?

forker

Reply With Quote
 
  #130 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
Favorite Futures: ES CL ZB
 
Posts: 365 since Dec 2009
Thanks: 215 given, 363 received



forker View Post
Are stop orders held on one's own computer or at the exchange?

forker

I would contact your broker to be crystal clear. My understanding is that TOS orders are held server-side. Prior to the TD Ameritrade acquisition, TOS was a Chicago-based firm and orders were held on exchange servers. Subsequent to the acquisition, I suspect stop orders are still held server-side but again, I would recommend that you call your broker and confirm. Good luck.

Reply With Quote

Reply



futures io > > > > Is Thinkorswim a good Platform for Futures Trading?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Opening Breakouts and Reversals w/Al Brooks

Elite only
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Web-based futures trading platform rptrader Platforms and Indicators 31 September 28th, 2016 10:36 AM
Isn't this good enough? (Beginner futures trading) Ravanous Traders Hideout 23 November 7th, 2011 06:35 PM
ThinkOrSwim (TOS) Trading Platform Big Mike ThinkOrSwim 30 July 24th, 2011 08:43 AM
Auto futures trading on ThinkorSwim optionzen ThinkOrSwim Programming 6 June 3rd, 2011 03:36 PM
What constitutes a good platform design? mattz Traders Hideout 17 October 21st, 2010 07:33 PM


All times are GMT -4. The time now is 02:01 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-17 in 0.14 seconds with 40 queries on phoenix via your IP 54.224.155.169