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He uses TD Ameritrade so you can do it absolutely. but I Do think that even for him that he would probably make a little bit more in with a broker like Lightspeed but uh, you know now he's got no commissions and he makes money so he's not really inclined to go try to learn a new piece of software. and I will say that the TD Ameritrade software is so unique to thinkorswim TV that once you've learned it, nothing else really makes a lot of sense. And if you've learned on something else and try to go into TD it's like this.

it's very unintuitive. I've used it, but I don't find it intuitive. So the next leg up that not everyone goes to but that many will go to would be a direct access type of broker where from your keyboard you can be executing trades just by typing without clicking without having to confirm anything just with buttons.

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8 thoughts on “Pros and cons of thinkorswim”
  1. Avataaar/Circle Created with python_avatars J Sho says:

    Ross, we might want to reassess when the completion of Thinkorswim merges with Charles Schwabโ€ฆ I believe they have some direct access routing. Will be interesting to see how that plays out.

  2. Avataaar/Circle Created with python_avatars Hola! Bggees says:

    It depends on your trading style. TD works if you trade Large Caps with conservative style. I donโ€™t need to be in and out of trades in seconds

  3. Avataaar/Circle Created with python_avatars Fernando Merino says:

    The PDT rule should be eliminated.

  4. Avataaar/Circle Created with python_avatars Christopher Neuburger says:

    Why is it horrible? It's pretty easy to configure keybinds for buying and selling. Even ask,bid and market price. TD ameritrade has basically everything you need for day trading

  5. Avataaar/Circle Created with python_avatars survivemich survivemich says:

    Who's he?

  6. Avataaar/Circle Created with python_avatars The Good Chad says:

    Iโ€™ve only used TOS and Iโ€™ve now only used it on my phone for the past 3 years. Iโ€™ve had no issues whatsoever. You can place OCOโ€™s, optionsโ€ฆ. No commissions. If there is good volume my orders are instant. I also only use limit orders so I never have slippage

  7. Avataaar/Circle Created with python_avatars David Roseberry says:

    TOS is great for charting and horrible for day trading.

  8. Avataaar/Circle Created with python_avatars sonnent says:

    Thinkorswim is the best, with their market orders and price improvement you will be amazed how good your fills

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