Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TinGull

Tradestation

Recommended Posts

Hi there,

 

I had a couple of questions regarding Tradestation for those that use it. I realize it's one of, if not the top used software trading platform out there. For those that use it, what are your total costs per month to trade with them excluding your commissions? Are there certain add on costs that you feel you can't live without? I'm trying to decide if this is the way I should go or not. I'm pretty much satisfied with who I've got, but if there's something out there that's better, I'm willing to look. Especially if it's an all in one sort of thing. Right now, I have 2 softwares open to trade, one is my charting package (InvestorR/T) and the other is my brokerage (thinkorswim). ToS has been great to me, and would hate to leave 'em, but again, if something out there would better suit me, I'll do it.

 

Thanks!!!

 

Chris

Share this post


Link to post
Share on other sites

I am Tradestation user. Switched from Strategy Runner. For futures trading, as long as you have made 10 round turns a month, software is free of charge. Excluding commission (which is considered low), you need to pay some fee for data. CME, CBOT, Nasdaq, NYSE, ARM cost me total around USD25 monthly. That's all.

 

To me it is overall cost effective.

 

Gav

Share this post


Link to post
Share on other sites

Thanks Gav. When you say you pay a fee for data...you're just paying the exchange fees, right? Not a real time data feed? Does TS supply you with a data feed or is that something you need to source elsewhere?

 

THANKS

Share this post


Link to post
Share on other sites

The exchange fees are the fees you pay for the data. Each exchange has their own fees for Tradestation. So if you want Level 2 you pay level 2 data fees. If you want emini's, you pay emini data fees.

 

I dont clear with Tradestation so I pay for the software fees. My combined fees monthly including platform and data (exchange fees) are roughly $150. I subscribe to various exchanges because I like to watch different things.

 

Similar to when you buy a car... the more options you want the more it will cost you. Take a look at the link. I took a picture of the fee structure for TS.

 

http://www.traderslaboratory.com/Pictures/tradestation%20fees.jpg

Share this post


Link to post
Share on other sites

Tin

 

I would recommend it for the charting software, as Gav says you only need to do 10 R/T's a month and you get the platform free. You can also get radarscreen free if you do the 10 R/T's. Even if you like ToS that much, you can just fund the account and do the minimum 10 contracts to get the platform for free.

 

Andy

Share this post


Link to post
Share on other sites

I think James answered the questions for me.

Software fee and data fee are business cost. So , pay only what you really need.

 

Have a great day.

 

Gav

Share this post


Link to post
Share on other sites

Let me add my 2 cents as well:

 

I got caught with the IB propaganda on EliteTrader and joined them.

While cheap, the charting sucks. Gave up on 3rd part charting software after trying a few.

 

I then moved onto TS and 'am not planning to move to any other anytime soon. The only time I will move is when I write my own system (and that is still one year away).

 

I do agree that the brokerage part could get a makeover (too slow fills for large contract users) - but I trade very few NQ contracts and 'am happy.

 

There is a movement by some users to move over to NeoTrader (see kreslik.com - Traders Community :: Index) because of unhappiness over TS concentrating more on the brokerage part than on the software. But I don't see Neo having a large user base - plus you need to get data from someone like eSignal, etc.

I like the user base that TS has and the number of users contributing indicators freely.

 

Having said that, TS is not perfect, but I am a happy TS user even with all its warts.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.