Description

My basic trading philosophy can be summed up by one simple quote:

"Trade the ticker, not the company" - Nate Michaud


Wednesday, January 6, 2016

Some 2016 Updates

Since we're entering a new year, I figured it would beneficial to do a quick post updating some information that may be out of date or not clearly stated on my blog. I hope everyone finds this beneficial and it answers some questions!

Brokers I am using:

  • Centerpoint Securities (ETC Clearing)
  • Centerpoint Securities (Vision Clearing)
  • Speedtrader (COR Clearing)
  • Fidelity (Roth 401k Retirement Account)
Trading platforms I use:
  • DAS Trader (Provided by Speedtrader)
  • Sterling Trader Pro (Provided by Centerpoint)
  • ThinkorSwim by TD Ameritrade (For free charting only)
Level 2 Provider:
  • DAS Trader (Available through numerous brokers)
Stock scanner I use:
  • "Equityfeed"
Similar scanners I have used and liked:
  • Interactive Brokers scanner (found on their TWS Platform)
News alert software:
  • Thomson Reuters Eikon
Free scanners (with less features):
Stock promoters I follow closely:
Trading rules I think are most important:

Trader Tax Preparation Services:

Any questions not answered here can be found on my FAQ page:

31 comments:

  1. Tim,

    Why not just use speedtrader for charting? Whats the advantage of using other charting software such as say TC2000?

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    1. Truth be told, I started off with thinkorswim and just got comfortable with it. That's only reason I use it still haha

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  2. Tim, what is your view on Vision Financial? Is their borrow list as extensive as ETC?

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    1. much less easy to borrow, but no restricted tickers ever!

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  3. Hey Tim,

    I'm currently using ETC, I was offered vision but ETC is currently sufficient for me. Just wondering how is Vision in comparison?

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    1. Vision never restricts tickers if quantex can locate them, however their ETB list is nowhere near as good as ETC's

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  4. Hello Tim,
    I currently use SureTrader but I want to open another account. I was wondering what are your thoughts about IB or tradestation?
    Thank you.

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    1. Check out my FAQ section, I have a couple posts on brokers!

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  5. Can you add what tax software you use to keep track of your trades? I remember someone talking about it but I don't remember the name.

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    1. Updated the post for this! Thanks for suggestion

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  7. Hey Tim,

    I have been following your blog for quite a long time. I have a question.

    Suppose A stock is trading in range 2.40-2.50 . Suppose you have a plan for buying a stock around 2.55 . It broke past the level of 2.55 . You bought it but it turned around and hit your stoploss , say 2.50 and it went to 2.45 . After an hour or so it breaks past 2.55 and went 2.70. Do you feel regret about it that you miss the timing ?

    And do you enter the trade based on how you feel about the stock on that particular day after you had made a plan to buy or sell around a certain level . Is it discretionary ?

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    1. I don't feel regret because I stuck to my rules - although it might cause me to re-evaluate and see if I'm setting my stops too tight or something like that. In a case like you just described, my stop loss would personally be 2.40, even after it broke past 2.50. I like risking off of prior support.

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  9. Hi Tim, want to start account with Suretrader, I read many complains about how difficult is to take out the money, any advice about this?

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    1. Haven't used them personally in years, but I never had any issues. Sorry I can't be more helpful!

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  10. Any broker recommendation for a non US citizen/resident? (good for trading penny stocks of course). Apart of Suretrader. Thanks in advance.

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    1. Unfortunately I'm not familiar with any, sorry!

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  15. I am using vision clearing but was thinking about opening with ETC as well. What dose it mean when ETC "restricts a ticker" as you mention above?

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    1. it means that even if quantex can locate it - they won't let you trade it. since ETC has so many easy to borrow stocks, i think it's worth it to have both. trade the easy to borrow ones at ETC, and the rest at vision. just my opinion (and what i do)

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  18. HI Tim, are you still find many plays in OTC market, reffering to Buy day 1 promotion stock strategy

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  19. Is this info still mostly up to date Tim? With CP, if you could only choose one, would go with ETC or Vision clearing? Also, if you want both, do you have to pay double the platform fee with two separate accounts, or?

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