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Why do you use ThinkOrSwim?


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Why do you use ThinkOrSwim?

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  #41 (permalink)
La Crescenta
 
 
Posts: 4 since Nov 2016
Thanks: 1 given, 0 received

1) How long have you been using ThinkOrSwim?
1 year
2) What are your favorite features of ThinkOrSwim?
Free
3) What are some must-have deal breaker features in ThinkOrSwim that you could not do without?
Benzinga squak box for free, able to link charts on seperate computers.
4) Do you use ThinkOrSwim in simulation mode only, or do you place live trades with it?
use is for live trading but not as my platform. charts only
5) Are you a discretionary trader or an algorithmic trader? How does ThinkOrSwim help you with this?
both
6) How easy/hard was it for you to learn to use ThinkOrSwim?
still learning, but there are tons of materials to help.
7) How do you rate ThinkOrSwim's customer service/support, assuming you have needed to use it?
4/5
8) Do you believe ThinkOrSwim is competitively priced?
free? YES! (I dont use it as my platform)
9) How do you rate the community support that exists for ThinkOrSwim?
4/5

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  #42 (permalink)
St. Louis
 
Experience: Beginner
Platform: thinkorswim, NT8
Trading: equity and fx futures and options
 
Leon of Pizza's Avatar
 
Posts: 137 since Sep 2013
Thanks: 99 given, 187 received

I downloaded the NinjaTrader8 demo this weekend. After 10 hours with it, I decided its not for me and I'll stay with the swimmers. My simple strategies don't require the complex tools that the NinjaTrader offers, and I saw that it would require more complexity in setup and in the day-to-day operation. NT8 sports accurate volume profile and I could have looked at 2y old intraday charts, but I can live without those. NT8 has some interesting looking order ticket tools, but I couldn't find a basic 1st triggers OCO, which is very accessible in thinkorswim's DOM and chart trading tools.

I don't use indicators or scripts, so I can't compare those. I pretty much use volume and drawings only and the NT8's drawing tools require approx 3x the clicks for routine drawing work. The toolbox for any one particular drawing type is just smaller. Even the "Stay in Drawing Mode" function required clicks between drawings just to get back into drawing mode. Thinkorswim lets you crank them out quickly and the right-click menu features all the tools needed to make changes.

Also, the data problems that I've complained about in previous years have become rare events. However, the cheesy volume profile continues to disappoint daily.

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  #43 (permalink)
Teramo Italy
 
 
Posts: 6 since Sep 2017
Thanks: 0 given, 6 received


I prefer Ninjatarder.For me it is the best

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  #44 (permalink)
Winston-Salem, NC USA
 
 
Posts: 10 since Feb 2018
Thanks: 6 given, 0 received

because Scottrade was bought out by td ameritrade. know I have to learn a whole new program.

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  #45 (permalink)
Fernley NV/USA
 
 
Posts: 7 since Nov 2019
Thanks: 3 given, 3 received

Thinkorswim offers an enormous amount of information for free. Imo everyone should have an account, even if unfunded. You get news, a polished platform, great customer service(this may change with the recent commission changes), straightforward coding, huge indicator database, free accurate level 2, backtesting(albeit average but still). I've tested nearly every platform and TOS is still in the top 5%, even though most of the others are not free.

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  #46 (permalink)
Harrisburg, PA
 
 
Posts: 1 since Jul 2016
Thanks: 0 given, 0 received

1) How long have you been using ThinkOrSwim?
Seven years
2) What are your favorite features of ThinkOrSwim?
Thinkscript, which allows for custom indicators
3) What are some must-have deal breaker features in ThinkOrSwim that you could not do without?
Charting and think script
4) Do you use ThinkOrSwim in simulation mode only, or do you place live trades with it?
Live trades
5) Are you a discretionary trader or an algorithmic trader? How does ThinkOrSwim help you with this?
Discretionary
6) How easy/hard was it for you to learn to use ThinkOrSwim?
Easy to learn
7) How do you rate ThinkOrSwim's customer service/support, assuming you have needed to use it?
Very good
8) Do you believe ThinkOrSwim is competitively priced?
Yes, it is free
9) How do you rate the community support that exists for ThinkOrSwim?
Very good

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  #47 (permalink)
Riyadh, KSA
 
Experience: Intermediate
Platform: MetaTrader
Trading: Currency
 
Posts: 8 since Nov 2016
Thanks: 17 given, 0 received

Thanks for sharing, I found your feedback about ThinkScript interesting

Will you please advise me to what extent this logic is doable with minimum coding? https://futures.io/easylanguage-programming/54992-lowcode-yet-sophisticated-trading-platform-recommendation.html#post808143

Additionally, can you refer me to example TradingPad or OrderExecutionPad made with TOS.

Thank you,


Massive l View Post
1) How long have you been using ThinkOrSwim?
3+ years

2) What are your favorite features of ThinkOrSwim?
thinkscript. I found it easier for me to get a hold of over other platform languages.
5 different chart tabs to have various setups on. Each chart
tab can have a max of 32 charts on it. They can be adjust in grid
form or more freely adjusted using the flexible grid.
look, feel and ease of use what I like the most.
I also really like the expanded monkey bars over candles on
the higher time frames (4hr-monthly)

3) What are some must-have deal breaker features in ThinkOrSwim that you could not do without?
thinkscript. I have only been able to code my proprietary indicator in thinkscript.
I've tried using ninja and could not figure it out even though it's just math.

4) Do you use ThinkOrSwim in simulation mode only, or do you place live trades with it?
Live Trades

5) Are you a discretionary trader or an algorithmic trader? How does ThinkOrSwim help you with this?
Discretionary. It's fairly simple, I hit buy, I hit sell. I right click the chart to insert a stop.
I can take a small chart, double click the header and it blows it up, then double click it again
to go back in to grid mode. It's super easy and efficient for me. Everything I need is a tab away.
I never have to go through multiple levels of tabs. It's click, unclick.

6) How easy/hard was it for you to learn to use ThinkOrSwim?
I found it very easy to get accustomed to.

7) How do you rate ThinkOrSwim's customer service/support, assuming you have needed to use it?
Top notch. They are always quick to respond. They always new videos and update any bugs that are found extremely quickly.

8) Do you believe ThinkOrSwim is competitively priced?
Yes, it's free. Commissions for futures start out higher than most but you can get them knocked down
to be competitively priced.

9) How do you rate the community support that exists for ThinkOrSwim?
I know it's one of the best. There's 10 or so chat rooms and always a feed
going with some pro or another on how they use the platform.


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