NexusFi: Find Your Edge


Home Menu

 





Newbie Platform Questions


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one asdjflkasiuywoiu with 3 posts (1 thanks)
    2. looks_two patrader65 with 2 posts (1 thanks)
    3. looks_3 Devil Man with 1 posts (0 thanks)
    4. looks_4 Jofern Perater with 1 posts (0 thanks)
    1. trending_up 1,255 views
    2. thumb_up 2 thanks given
    3. group 3 followers
    1. forum 6 posts
    2. attach_file 0 attachments




 
Search this Thread

Newbie Platform Questions

  #1 (permalink)
 asdjflkasiuywoiu 
Chicago, IL/USA
 
Experience: Beginner
Platform: thinkorswim
Trading: es
Posts: 3 since Jul 2015
Thanks Given: 3
Thanks Received: 1

First post, been a lurker for a year+.

I've been watching the markets for about two years now. Dived in this month trading e-mini S&P futures. I'm using thinkorswim because I'm comfortable with the feel of it and the thinkscript language. Starting trading for real has caused me to notice a few things. Thinkorswim doesn't seem to have real depth of market for futures, just a top layer. Also, commissions kind of suck there. I average about ten round trip trades a day, which might be too much not sure yet, but I'm profitable. Other platforms seem to have a better data feed and maybe less commissions but a monthly fee. Overall, does it all even out? Is there a break even point?

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #3 (permalink)
 
patrader65's Avatar
 patrader65 
Boston MA
 
Experience: Intermediate
Platform: NT, TOS
Trading: ES, CL
Posts: 56 since Jan 2017
Thanks Given: 696
Thanks Received: 128


I was in your shoes. Started with TOS for live paper trading with zero cost. It was great to get my feet wet.

Once I started live trading, I shopped around and went with Ninjatrader. Its lightning fast (at least for what I do) compared to TOS and commissions are way less. Ended up getting a lifetime license. I recovered the license cost in no time given the commission difference between NT and TOS.

Reply With Quote
Thanked by:
  #4 (permalink)
 asdjflkasiuywoiu 
Chicago, IL/USA
 
Experience: Beginner
Platform: thinkorswim
Trading: es
Posts: 3 since Jul 2015
Thanks Given: 3
Thanks Received: 1

Do you subscribe to a data feed with ninjatrader then? I see that if you buy the lifetime license you get a great commission rate. Do you use TOS for orders any longer or solely NT?

Started this thread Reply With Quote
  #5 (permalink)
 
Devil Man's Avatar
 Devil Man 
Fort Lauderdale
Legendary / Stochastic Calculus is not your friend
 
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: ES,NQ,CL
Posts: 849 since Oct 2009
Thanks Given: 3,399
Thanks Received: 1,534


asdjflkasiuywoiu View Post
Do you subscribe to a data feed with ninjatrader then? I see that if you buy the lifetime license you get a great commission rate. Do you use TOS for orders any longer or solely NT?

Commission is something to consider, but don't let it be a deciding factor for your brokerage firm!

Reply With Quote
  #6 (permalink)
 
patrader65's Avatar
 patrader65 
Boston MA
 
Experience: Intermediate
Platform: NT, TOS
Trading: ES, CL
Posts: 56 since Jan 2017
Thanks Given: 696
Thanks Received: 128


asdjflkasiuywoiu View Post
Do you subscribe to a data feed with ninjatrader then? I see that if you buy the lifetime license you get a great commission rate. Do you use TOS for orders any longer or solely NT?

Yes, I am subscribed to Continuum. I trade only the ES. So, CME Data is $7/Month (Add another $5/month if you use TICK/TRIN, but you can get that from TOS for free.). I use only NT for orders.

Reply With Quote
  #7 (permalink)
 asdjflkasiuywoiu 
Chicago, IL/USA
 
Experience: Beginner
Platform: thinkorswim
Trading: es
Posts: 3 since Jul 2015
Thanks Given: 3
Thanks Received: 1

That all seems quite reasonable


Sent from my iPhone using NexusFi mobile app

Started this thread Reply With Quote
Thanked by:




Last Updated on June 30, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts