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	<title>Comments on: January 8, 2008 Stock Market Recap</title>
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	<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/</link>
	<description>Trading, Stocks, Stock Market, Money Mangement &#38; Risk Management</description>
	<pubDate>Thu, 04 Dec 2008 20:05:16 +0000</pubDate>
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		<title>By: LP</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8923</link>
		<dc:creator>LP</dc:creator>
		<pubDate>Mon, 14 Jan 2008 20:54:38 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8923</guid>
		<description>Keith,

I agree with many that TS is a piece of crap.  But in world filled with junk, their crap is slightly better than most.  Their customer service is the exact opposite of TOS. TS is also unapologetic and will look to blame you for everything. Nothing is ever their fault. Even when their stop server goes down in the middle of a trade.  Btw, if that happens you are shit out of Luck.

In regard to their platform, the beauty is that they have impeccable data and their system is tightly integrated for the people who don't want to have a seperate charting package, data provider and broker.

However, the architecture of the platform is piss poor. You cannot mix timeframes. Which means all your scans and auto trades have to be confined to signals from one time frame.  Now you could do it if you are adventurous but it takes way too much effort and you need to duplicate a lot of your work. Thus at the end it's not clean and could result in a lot of issues.

Amibroker, Seirra, Ninja Trader and Neoticker are much better but they all suffer integration issues. But, if you ever decide to leave TS, you work pretty much will go down the drain as you will not be able to access the platform or your custom code unless you choose to pay them $100 a month.

Other issues:

- TS does not give you a good rate on your money. IB gives close to 4.25% I think.

- You have a lot of slippage issues in TS on thick stocks.

- Backtesting on it tedious. no portfolio back testing without buying some crappy add on.

- No tick replay. Great for traders who want to practice the day over again.</description>
		<content:encoded><![CDATA[<p>Keith,</p>
<p>I agree with many that TS is a piece of crap.  But in world filled with junk, their crap is slightly better than most.  Their customer service is the exact opposite of TOS. TS is also unapologetic and will look to blame you for everything. Nothing is ever their fault. Even when their stop server goes down in the middle of a trade.  Btw, if that happens you are shit out of Luck.</p>
<p>In regard to their platform, the beauty is that they have impeccable data and their system is tightly integrated for the people who don&#8217;t want to have a seperate charting package, data provider and broker.</p>
<p>However, the architecture of the platform is piss poor. You cannot mix timeframes. Which means all your scans and auto trades have to be confined to signals from one time frame.  Now you could do it if you are adventurous but it takes way too much effort and you need to duplicate a lot of your work. Thus at the end it&#8217;s not clean and could result in a lot of issues.</p>
<p>Amibroker, Seirra, Ninja Trader and Neoticker are much better but they all suffer integration issues. But, if you ever decide to leave TS, you work pretty much will go down the drain as you will not be able to access the platform or your custom code unless you choose to pay them $100 a month.</p>
<p>Other issues:</p>
<p>- TS does not give you a good rate on your money. IB gives close to 4.25% I think.</p>
<p>- You have a lot of slippage issues in TS on thick stocks.</p>
<p>- Backtesting on it tedious. no portfolio back testing without buying some crappy add on.</p>
<p>- No tick replay. Great for traders who want to practice the day over again.</p>
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		<title>By: LP</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8922</link>
		<dc:creator>LP</dc:creator>
		<pubDate>Mon, 14 Jan 2008 20:40:24 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8922</guid>
		<description>Mike,

I started with think or swim. However, I became  quickly frustrated with their data service.  Things that I took for granted with TS were tough in TOS. They have great customer service and the fills are pretty good. However, their data was unreliable and the scanning was below subpar.  At the time they did not have TI integration. However, you can bargain them down to .08 cents a share per side.

I would strongly recommend a back up data package to overcome the missing data and spike. I hope they improved this aspect of their platform.  But this is coming from guy that has never been satisfied.  So I finally moved from TS to a Neoticker, IB &#38; eSignal configuration.  My scans are much better than Trade Ideas and far far more targeted. However TI does have their scans sitting on their servers which is pretty unbeatable and you don't have to code the scans in.</description>
		<content:encoded><![CDATA[<p>Mike,</p>
<p>I started with think or swim. However, I became  quickly frustrated with their data service.  Things that I took for granted with TS were tough in TOS. They have great customer service and the fills are pretty good. However, their data was unreliable and the scanning was below subpar.  At the time they did not have TI integration. However, you can bargain them down to .08 cents a share per side.</p>
<p>I would strongly recommend a back up data package to overcome the missing data and spike. I hope they improved this aspect of their platform.  But this is coming from guy that has never been satisfied.  So I finally moved from TS to a Neoticker, IB &amp; eSignal configuration.  My scans are much better than Trade Ideas and far far more targeted. However TI does have their scans sitting on their servers which is pretty unbeatable and you don&#8217;t have to code the scans in.</p>
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		<title>By: Adam</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8918</link>
		<dc:creator>Adam</dc:creator>
		<pubDate>Sun, 13 Jan 2008 19:32:55 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8918</guid>
		<description>Is Think or Swim direct access?</description>
		<content:encoded><![CDATA[<p>Is Think or Swim direct access?</p>
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		<title>By: Keith Shepard</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8914</link>
		<dc:creator>Keith Shepard</dc:creator>
		<pubDate>Fri, 11 Jan 2008 22:02:30 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8914</guid>
		<description>Congrats on finding a new broker. That frustration is probably one reason I still slug it out with Schwab's StreetSmart Pro. And yeah, the EliteTrader reviews are disheartening to say the least. It's funny how people rip the crap out of TradeStation, but nearly every "pro" uses it or writes code for it. Go figure.

Good trading. 

~ Keith</description>
		<content:encoded><![CDATA[<p>Congrats on finding a new broker. That frustration is probably one reason I still slug it out with Schwab&#8217;s StreetSmart Pro. And yeah, the EliteTrader reviews are disheartening to say the least. It&#8217;s funny how people rip the crap out of TradeStation, but nearly every &#8220;pro&#8221; uses it or writes code for it. Go figure.</p>
<p>Good trading. </p>
<p>~ Keith</p>
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		<title>By: Dave</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8911</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Thu, 10 Jan 2008 04:16:27 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8911</guid>
		<description>Mike,

As far as some of your questions go:

They do hold their stops and alerts on their server. I'm still not completely satisfied with their list of stocks to short. Oh well, no broker is perfect.

Before joining TOS, I too was like you (in the fact that I never cared about options), but I figure it can't hurt to learn about them, especially with the Wednesday afternoon seminars they have.</description>
		<content:encoded><![CDATA[<p>Mike,</p>
<p>As far as some of your questions go:</p>
<p>They do hold their stops and alerts on their server. I&#8217;m still not completely satisfied with their list of stocks to short. Oh well, no broker is perfect.</p>
<p>Before joining TOS, I too was like you (in the fact that I never cared about options), but I figure it can&#8217;t hurt to learn about them, especially with the Wednesday afternoon seminars they have.</p>
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		<title>By: YourTradingStock</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8910</link>
		<dc:creator>YourTradingStock</dc:creator>
		<pubDate>Thu, 10 Jan 2008 02:53:09 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8910</guid>
		<description>It will be interesting to see how you like ThinkOrSwim.  I agree.  It's never easy making that transition to a new broker.</description>
		<content:encoded><![CDATA[<p>It will be interesting to see how you like ThinkOrSwim.  I agree.  It&#8217;s never easy making that transition to a new broker.</p>
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		<title>By: Mike O'Connor</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8905</link>
		<dc:creator>Mike O'Connor</dc:creator>
		<pubDate>Wed, 09 Jan 2008 12:17:34 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8905</guid>
		<description>Dr. Duru isn't the only new bear. I rarely check out the website of Dr. Mojena http://www.mojena.com/ because it's boring--- his system seldom issues a signal of any kind.

But by happenstance I just looked at it and he has recently issued a sell, as of 1/6/08. (He's also moved to his boat and is sailing around the world.)

It's his first sell signal in more than four and a half years.

-Mike O'Connor</description>
		<content:encoded><![CDATA[<p>Dr. Duru isn&#8217;t the only new bear. I rarely check out the website of Dr. Mojena <a href="http://www.mojena.com/" rel="nofollow">http://www.mojena.com/</a> because it&#8217;s boring&#8212; his system seldom issues a signal of any kind.</p>
<p>But by happenstance I just looked at it and he has recently issued a sell, as of 1/6/08. (He&#8217;s also moved to his boat and is sailing around the world.)</p>
<p>It&#8217;s his first sell signal in more than four and a half years.</p>
<p>-Mike O&#8217;Connor</p>
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		<title>By: Groovedaddy</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8904</link>
		<dc:creator>Groovedaddy</dc:creator>
		<pubDate>Wed, 09 Jan 2008 07:46:27 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8904</guid>
		<description>Hey Mike,
To find out how to work all the bells and whistles on the TOS platform, call Scott Sheridan at the trading desk. I have found that if they dont have the "bell or whistle" that you are accustomed to, request a feature and they will consider it. They are great at listening to their customers and willing to make things happen if it makes sense.
Good work.
John aka GrooveDaddy
PS. check out their live shadowtrader chat room during the trading day - it is amazing.</description>
		<content:encoded><![CDATA[<p>Hey Mike,<br />
To find out how to work all the bells and whistles on the TOS platform, call Scott Sheridan at the trading desk. I have found that if they dont have the &#8220;bell or whistle&#8221; that you are accustomed to, request a feature and they will consider it. They are great at listening to their customers and willing to make things happen if it makes sense.<br />
Good work.<br />
John aka GrooveDaddy<br />
PS. check out their live shadowtrader chat room during the trading day - it is amazing.</p>
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		<title>By: Formerly ADD Trader</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8903</link>
		<dc:creator>Formerly ADD Trader</dc:creator>
		<pubDate>Wed, 09 Jan 2008 05:54:40 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8903</guid>
		<description>.....oh yes, Time Warner (which used to be Comcast in my area), makes it a regular occurance to have their cable broadband down.  Their technical support department is virtually useless in helping with the problem.  However, I have Verizon DSL as well as a back up, and the good news is that their FiOs Network (Fiber-Optic) is available in my area.  The are promising 15 Mbs BOTH up and down stream, for only $59.95 per month.  They also have a FiOs TV package which I might get, becuase they still offer a Motorola set top box that works with my TIVO, as Time Warner has required us to switch to HD set top boxes which are not compatabile with my four TIVO (or $200 door stops as I now called them).  You are lucky as I see that Comcast has gotten smart and co-branded their DVR with TIVO.

Formerly ADD Trader</description>
		<content:encoded><![CDATA[<p>&#8230;..oh yes, Time Warner (which used to be Comcast in my area), makes it a regular occurance to have their cable broadband down.  Their technical support department is virtually useless in helping with the problem.  However, I have Verizon DSL as well as a back up, and the good news is that their FiOs Network (Fiber-Optic) is available in my area.  The are promising 15 Mbs BOTH up and down stream, for only $59.95 per month.  They also have a FiOs TV package which I might get, becuase they still offer a Motorola set top box that works with my TIVO, as Time Warner has required us to switch to HD set top boxes which are not compatabile with my four TIVO (or $200 door stops as I now called them).  You are lucky as I see that Comcast has gotten smart and co-branded their DVR with TIVO.</p>
<p>Formerly ADD Trader</p>
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		<title>By: Formerly ADD Trader</title>
		<link>http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8902</link>
		<dc:creator>Formerly ADD Trader</dc:creator>
		<pubDate>Wed, 09 Jan 2008 05:45:17 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/01/january_8_2008_stock_market_recap/#comment-8902</guid>
		<description>Hi Mike,

I can't tell you how disappointed I have been with the switch from CT to SS Pro.  I left SS Pro over a year ago to go with CT, and I truly believed that they would move most, if not all of the funtionality of CT over to SS Pro.  But within 5 min of using SS Pro again, after the transition, I knew they had done nothing.  It is almost like they specifically tried not to carry over any of the features that day traders need most.  They are promising that changes are on the way, but I doubt it.

I am contemplating going with IB, as I have heard good things about them, and like the idea of being able to trade stocks, options, foreign stocks, currenciies, and commodities in one place (not that I trade the last three yet, but who knows...)

You are a computer guy, is it really so hard for someone to create an intuitive platform that has features traders need?  I think I could give 10 suggestions right off the top of my head that I don't see with any brokers.

Formly ADD Trader</description>
		<content:encoded><![CDATA[<p>Hi Mike,</p>
<p>I can&#8217;t tell you how disappointed I have been with the switch from CT to SS Pro.  I left SS Pro over a year ago to go with CT, and I truly believed that they would move most, if not all of the funtionality of CT over to SS Pro.  But within 5 min of using SS Pro again, after the transition, I knew they had done nothing.  It is almost like they specifically tried not to carry over any of the features that day traders need most.  They are promising that changes are on the way, but I doubt it.</p>
<p>I am contemplating going with IB, as I have heard good things about them, and like the idea of being able to trade stocks, options, foreign stocks, currenciies, and commodities in one place (not that I trade the last three yet, but who knows&#8230;)</p>
<p>You are a computer guy, is it really so hard for someone to create an intuitive platform that has features traders need?  I think I could give 10 suggestions right off the top of my head that I don&#8217;t see with any brokers.</p>
<p>Formly ADD Trader</p>
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