Options House by ETRADE TRADING PLATFORM REVIEW!

Options House by ETRADE TRADING PLATFORM REVIEW!

So I'm currently looking for a new stockbroker and today I'm taking a look here at E Trade in their new platform from options house and kind of getting an idea of what's going on with this platform and is it something that I could use for day trading go talk about it in this video so stay tuned what's going on guys so today you were taking a look at a trade and like I said I'm looking for a new broker I'm not sure who I'm gonna pick but I'm really looking for the broker with the best kind of deals maybe some free trades I'm looking for the best platform and then just kind of overall customer service and stuff like that so first off I'm not getting any type of promotional benefit out of talking about e Trade in this video and I want to be honest with you guys this is really the first time that I've used it I've opened it up and I'm just gonna go through it and we'll kind of talk about what I think after looking at it we'll discuss if this is something that I would use for day trading recently e trade bought options house and now they're using the options house platform it looks nice they want to make it look nice and simple and easy to use the actual platform is a web based platform so right there it's already gonna be limited and you can see this is basically everything you're gonna see when you first pull up the platform and it gives you two options you can see some charts here but overall it's just not very intuitive in the sense of charting and getting everything that I need in level 2 and everything that I want to see for my type of trading you know for a momentum kind of trading stock stuff like that this is a very basic version of options house this is a free version that etrade is offering to their clients now let's just kind of break down what it takes for me to actually place one trade so we have a chart pulled up here let's say I want to buy zs a in i want to buy here at the ten dollar area and now what do I have to do to make that trade I got to go up here I'm gonna click trade I got to go into here I gotta change my quantity and now I gotta go here and change this stuff around and I basically press preview so I don't have any money in this account right now but just kind of give you an idea of how many steps it does take to actually place an order so if I wanted to buy fast and sell fast with hockey's it doesn't look like I have that option so that's a big big problem if I'm trying to day trade and I want to be very competitive in these fast moving stocks not having hotkeys is gonna be a big issue now I don't really trade much option stuff I do kind of like this quote window where it tells you the fundamentals gives you guys some ideas on the news and gives you everything in there but overall I don't really need that in my trading platform this is more for somebody who's just kind of investing and wanting to buy stocks every once in a while I wouldn't say that this platform is meant for people who are day trading you know very actively someone who's trading three four or five times a day making trades in and out fast I'm not sure that this options house platform is the right choice for that see if we can get some options pull it up here so looking at GoPro it'll give me the options window here give me the calls give me the puts and give me information there I can change the strike dates and then go through here and change all that stuff so if you're really into trading options this might be a good platform for you I'm not very big into options so I'm not 100% sure what exactly is the best tools for trading options so I can go in here and build a strategy you know actually kind of tell me my risk reward my probability and all that kind of stuff that's kind of cool interesting it's kind of interesting I have the option over here to add my little market viewer got a broken so there we go alright so now I can go over here add my market view or add stuff I'm looking at over there going back to the quote the charts and the options so we have those different things that I can use so check it out the scanner here I can go here to let's say let's run the scan trades at 52-week high and it'll give me all the different stocks are trading a 52-week high which is that's not a bad feature I would actually maybe use this feature and then also use another type of trading platform maybe like a - trader Pro but then use maybe this scanning feature to figure out stuff that's going on I can go in there and change all some rounds kind of cool gap up on high-volume showing me stocks that are gapping up on high-volume I can go over here to trade now it's gonna pull up this be you in I'm gonna hear chart pull the chart and I can look at the chart be see you in making a big move today and that's kind of cool if I go to markets go to live action it'll pop up these different scanners largest number of trades on the day looks like Netflix is the most active on the day right now Netflix up percent today up $8 nice little move there on Netflix so I do I do like this feature like I said this is my first time really using this platform and kind of going through it with you guys breaking down kind of what I see what I might want to use in the future and then kind of seeing if I would use this but I do like this option to have these schemes which is kind of cool just very simple and easy so I do like that feature I'm not gonna hate on that feature that might be a good little feature to have it's a free platform and you can get these different scans quick and easy so if you're not looking to pay $100 a month for like something like trade ideas you can use this each trade options house platform which is free and open an account with each trade and then use this scanning features that they have also giving me some of the news there so there's all kinds of stuff going on inside this platform again it could be great for someone who's in a swing trading or someone who's just investing something who's buying and selling stocks every once in a while but I think for the active day trader for someone who's really in these crazy stocks that go up really big and crash really big stuff like that this might not be the platform for you I'm definitely not going to be using options housed personally for that type of trading maybe I'll use it for my kind of sweet trade and stuff like that maybe open an e trade account just for swing trading alone cuz this is a pretty cool platform for that option but when it comes to actually buying and selling these volatile crazy movers I would not be using options house cuz I really want to see levels I really want to have my hotkeys and I want to go to get in and out rates fast I don't want to click through menus I don't want to move and click and figure stuff out and have all these options so really I know - trader Pro looks like it's from 1999 but really it's just very simple and very easy to use it's all you really need you just need to click click done done in and out fast but being able to you know but having to go through these different menus and click all this different stuff and change options around every time you trade not something that I want to be doing when I'm trading these crazy volatile stocks so there it is checking out the new option South's platform from etrade a pretty cool platform for most people investors swing traders this could be a great platform for you but I'm gonna be looking for something a little bit more advanced a little bit more active trader is she but I'm gonna be looking for something a little bit more advanced something that I can use hotkeys I can get in and out fast for and this is not the one for me.

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What Should I Look for in Stock Trading Software?

What Should I Look for in Stock Trading Software?

- What should you look for in stock trading software? Quite a bit. This is the make or break kind of piece to your trading puzzle. There's a lot of bad software out there. There's a lot of bad platforms, and frankly, I got fed up with it. That's why we created StocksToTrade, because this is the one platform that is made for low price stock trading. Obviously most platforms have all the same stuff, like news, charts, level two, all integrated. The difference that you have to think about with penny stock trading, if you're gonna become a penny stock trader, is that most platforms don't give a shit about penny stocks. So, many of the biggest movers literally just will not show up on the platform. If you're looking for big percent gainers, if you compare stocks to trade, big percent gainers versus other platforms, other platforms will miss some OTC stocks, some pink sheet stocks, stocks that are traded very low price, versus this platform is specifically designed for us.

That's why we created it. I tried working with other platforms. I didn't say, "Hey I want to create a platform. "I want to spend millions of dollars and years "of fucking hassle." I came to this conclusion only because we tried working with other platforms, and no one wanted to focus on penny stocks. The whole world, in case you don't realize this by now, hates on penny stocks. Therein lies the opportunity, because all the richest, all the most knowledgeable, all the best traders that I know, ignore this niche. So your competition are fucking idiots. Picture the hyenas in The Lion King. Like Ed, that's the typical penny stock trader. Ed. If you go to my conference, the most popular thing at my conference very year is when we give out free pens. If I hold up a pen, all the little hyenas are loving it, for a stupid little thing that's made in China for three cents, and they're just dumb hyenas.

It's not their fault, they're trying to scrape by, like they're living off scraps. That's what most penny stock traders are. So, thinking about all this, if you have a platform that has tools and news and social media scanning, where you can actually search through Twitter, you can search through all of social media, using filters. There's also 40 plus filters built in, scanning stocks, the biggest percent gainers, intraday, over three days, over five days, these are my 40 plus scans that I use everyday to find the hottest stocks. That is what is most needed in a platform. You need to use this to find the best trades. If you use a platform that is sub-par, if you use something that is not specifically designed for this, you might miss a really good trade, and I hate seeing that, I hate underappreciated opportunities, underutilized strategies. I hate missed opportunities, so use StocksToTrade.

There's so many videos on it, there's tutorials, my student Tim Bowen who's a part time trader, is the lead trainer on StocksToTrade. If you check out StocksToTrade Pro, he'll help you get all into the platform in ways that are really beneficial to you. We're just getting started. There's gonna be broker integration, there's so much more stuff, paper money where you can actually practice with fantasy cash. That's very good for beginners, too. So, as we build StocksToTrade more, you're gonna love it. So start using it today. Start getting used to it, because it does take some time to learn a new platform, and I don't want you missing out. I don't want you missing opportunities. That's the only platform that I would use. It's in my own best interest to create my most successful students. It's good for my ego, it's good for my business, it's good for you. So, please don't fight me on this, use StocksToTrade. We built it for you to make life easier. In the past I've had 30 websites that I had to use to research stocks. You don't have to use any of that anymore. It's all built into StocksToTrade.

You're welcome. .

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Trading Software Tested - Four Days of E-mini History

Trading Software Tested - Four Days of E-mini History

Good afternoon, everyone. My name is John Paul. Today is March 5, 2015. I am going to do a recap in this video of what's happening in the E-mini S&P market. I will show you the last few days of the Atlas Line, all the trades that it has produced. This is price action software that gives you exact entries into the market as well as followup strength and pullback trades. Here we are today on March 5. The day started out with a signal to go long at 1535.50. This is the entry right here. It never looked back. The idea of the Atlas Line is to provide a reason why you should be going long or short, not just with exact setups, but also with a bias that says anything above the Atlas Line, look for long trades. Whether that's scalping or for a longer position, it's still true. Think of this as anything above the Atlas Line, go long. If it happens to cross and trade below, go short.

It's a very simple way of thinking. Trading should be simple. Indicators, MACDs, etc. can produce conflicting or confusing messages. Let's keep trading as simple as possible. That's what I say to all the students I work with. Here we are at a very high point in the market. There's no reason to go short. If you want to see what the Atlas Line has done within the last couple of days, allow me to scroll back. Here's yesterday. Nothing changes. No optimization. Everything is the same for everyone. I have a bounce trade bouncing off right here. Remember, I am staying long and have a bias for the long side as long as we're above. Here's the order. My profit target is always based on price action / real-time conditions.

I use the ATR. We're looking at points on this trade. You're in and out and finished with the trade. As the market goes higher and higher, the Pullback trades will not appear because they would be long (and our bias is currently short). What you do have is another long.Even though the trend was long, I have to follow rules. I'll scroll back to March 1. This short trade did not work. And you were stopped out. One of the rules I have is a prove-it stop. There are multiple stops that I teach. Whatever stop occurs first, take.

A prove-it stop occurs when we have a closing price in the opposite direction of the Atlas Line. There area couple of long trades here. Actually, quite a few. Even though the first trade was a loss, you could have recovered. Remember the basic rules. Let's go back to Feb. 28. Here's a short. It worked out well. There were some strength trades. Bias was short. Here are some longs after price crossed. There were pullbacks and strengths. At the end of the day, there was a huge move. Even though it's the Globex session / overnight, it doesn't matter. Take it. So here you have a number of days in a row. I include live training with purchase of the Atlas Line software. Email me if you have any questions. I do conduct live webinars showing the Atlas Line in action. Opt in to find when the next one occurs.

My name is John Paul. I'll see you soon! .


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What I Look for In Stock Trading Software

What I Look for In Stock Trading Software

- Hey, Tim Sykes, millionaire, mentor, and trader here, answering your questions, a lot of people ask me what do I look for in my stock trading software. I cannot recommend StocksToTrade.com enough. My team and I worked our butts off building this thing, and it has been an incredible feat. Let me just tell you, I usually use E-Trade Pro. Unfortunately it doesn't really work that great with some of these penny stocks, no software really does. It's not E-Trade's fault, no one really specializes in penny stocks. So sometimes, on the big percent gainers list, which is the main tool that I would use for any software because everyday I'm looking for what's hot, I'm looking for what's in play, I'm looking at big percent gainers, I'm looking at stocks hitting the high of the day, HOD. So StocksToTrade has both a big percent gainers list and an HOD box so I can see stocks that are moving.

Also StocksToTrade has big percent gainers over like, three and five days which is very useful, it's not just one day. And unfortunately most softwares like E-Trade, they don't really always include a lot of these penny stocks because they're on weird exchanges. Some of them are pink sheets, some of them are gray sheets, some of them are NASDAQ, some of them are just very small companies. So, these big softwares, no one cares about the little guy. That's why, frankly, I have a business, because there's an opportunity. With people with small accounts, you need to focus on these little stocks that no one really pays attention to, they're easier. But if you don't see them in your software, if you're not scanning them, you might miss a very good play.

So some people are like, "Oh I don't need this software, "I'll just use this other one." And you miss one, two, three, four great trades per month. It adds up if you make $500 or a thousand dollars or $2,000 on one of these great trades, that another software didn't pick up, that can cost you thousands of dollars per month. So I highly encourage you to use StocksToTrade every single day. I know that it's a stretch for everyone to say, okay, let's trade penny stocks. If you don't like penny stocks, that's cool, don't necessarily trade them. But, for me, I've always made more money using these kinds of stocks, just because there's no big hedge funds, there's none of the most legit top traders are trading these little stocks, there's just not enough money. So the competition is easier for me. Yeah, that's the best thing that I can tell you with regards to the software.

You need to be able to track these little penny stocks. You need to be able to see their news, you need to see their big percent gains, and you need to see when they're hitting the high of the day. And StocksToTrade has so many more features. They programmed it with 40 plus of my scans built in. I have a lot of different scans, it's not just one big percent gainers. So we're looking at earnings winners, we're looking at a whole bunch of different patterns, and this is all prebuilt into StocksToTrade software. You can also add new custom searches and I really like the Twitter scanner. Tim Bowen has a bunch of video lessons on the StocksToTrade channel, if you wanna check that out, on how to basically search Twitter for low float stocks, or specific penny stock patterns.

And that's very useful, built in right into StocksToTrade, most softwares don't have that. Especially dealing with these small stocks, I think that's probably the biggest advantage. But I'm looking for stocks that are in play, I'm looking for stocks that are talked about, I'm looking for big percent winners. I just wanna see active stocks. There's a thousand plus, I mean there's 7,000 plus penny stocks, but there's a thousand plus press releases every day, most of it is just noise. If the stock isn't moving, if there isn't a lot of volume, if the stock isn't in play or being talked about, I'm not interested. Because I want to take advantage of the day trading hype, the kind of momentum that the day trading mob brings to a stock or a sector.

And it's tough to spot that on a lot of these softwares that don't track the kinds of stocks that you should be trading. So, check out StocksToTrade, leave a comment underneath this video saying, I will use StocksToTrade or I will use STT, that's an abbreviation. Use this tool, the stock market is a battlefield. And you're trading software is basically your weapon. So you don't want to come to a battlefield where everyone else has machine guns and you have a knife, you're gonna get massacred. StocksToTrade arms you and gives you a good spot on the battlefield so that you don't get killed and maybe so you can do some killing. Not in a way that you're gonna kill some other humans, but that you're gonna kill it in the stock market. Hey, Tim Sykes, millionaire, mentor, and trader, thank you for watching my videos. I hope that they help you, I wanna share everything that I've learned over the years.

You can check out more videos right over there and also click subscribe so that you can watch all of these videos, get that knowledge, and become my next millionaire student. .

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Best Trading Chart Software

Best Trading Chart Software

Yes, it's a vlog, I don't have to sit here and be like, so uptight. I can just kinda be myself. But I'm in front of the whiteboard again. I know usually I'm sitting, doing fireside chats. But with this I wanna kinda just map out some thoughts here so I wanna be able to write on something so I can... Sometimes, in my mind, I think I have things like in a nice bullet point order, but I really don't and then I hear myself, I'm like, no that made sense to me at the time but now, listening back, it didn't actually make too much sense.

But as you saw from the title of this, what chart provider do I use, and really just kind of who do I recommend. And I'm gonna give three different choices and, you know, you can kinda go with whomever. But I will definitely put kind of a, you know, who I would back up, you know, next to the three that I talk about. So really it's a question of, I mean, cost and, you know, what you need. And me, personally, who do... Clay, who do I use? I mean, I get this all the time.

And I use eSignal. And eSignal is pretty nice, if you've seen my live trade videos or the video chart analysis videos I do. I mean yeah, they put out a good product. There's no doubt about it. There's a whole ton of functionality. There's a lot of just... There's a lot that you can get with it. And I say get with it because what I pay, don't quote me on this, it's ballpark. I've been with them for, wow, almost 11 years now, I guess.

So I, you know... But I've always paid just a year at a time, just 12 months, boom, because then you save like 20% or something. But it's right around $1,800 a year. And back to the whole get with. That is what, for basically, the very simple package, I don't think it's quite their simplest, maybe middle of the line. But within that, there are all sorts of, you know, you have little add-ons, and then if you want more of data from different... So you could have more. And this is like, you know, just for stocks. I mean, I can't pull up a forex chart on eSignal. You know, I can't pull up a cryptocurrency chart on eSignal. Now I could get a lot of that with the add-ons and for more data. But that's just gonna rack up the cost that much more. So for me, I... I really can't think of any reason to recommend eSignal. Then why do I use it? Well, it meant from a business perspective.

That's why I use it. And it's kind of, I'm just kinda used to it now from a trading perspective too. But even if I did... If I didn't have a business and, you know, ClayTrader.com, you know, as business went away, then I would drop eSignal. I'll tell you who I would go to in that case. But because the business does exist, because it makes life a lot easier in business, I mean, when I do the live webinars for the ClayTrader University on a weekly basis, it just makes that, you know, logistically friendly. There's just a lot of things from the business that goes on. But the business has nothing to do with trading. And for you, as a viewer, I'm assuming you're focused more on what should I use for trading? So eSignal, yeah, they're nice, yeah they offer a lot, but you know, the offer a lot does usually come with even more and when I'm already paying, you know, right around $1,800 a year, it's just, it's not worth it.

I don't think they're that good if you're just using them for trading. Now another option to use would be ToS which stands for Thinkorswim. And there are several people in the Inner Circle chatroom community that use them. And these are free but you do need a funded account. Now that doesn't mean you have to actually use them but you will need to put money into account in order to get their charts. And for full disclosure, if you're watching this a year from now, maybe this policy has changed, maybe you have to pay. I mean, who knows, maybe eSignal has gone way down in price. So I mean, keep in mind, this is just all general thoughts. But, you know, this has been pretty consistent over the past several years. But regardless, you do need a funded account.

But if you do that, they are free. And what, you know, several people do is, they'll fund in an account and then they'll use the charts but, you know, then they'll use another broker to actually facilitate the trade, to make the trade. And that is something that you could do. Now for me personally, I mean, maybe. But I'm just not a huge fan of Thinkorswim charts. I mean, I guess they look okay but, you know, it's all... At the end of the day this is all personal preference. It's a case-by-case basis. But, I mean, I personally wouldn't use Thinkorswim even though they are free. I'm just not a huge fan of their charts and the way they look and the way they function.

And that kinda also brings me back to, you know... Clay, why are you even using eSignal? You have a broker. My broker's charts are terrible. So yes, I could have a free source but free isn't always free. And that's what I... You know, I'm not gonna say that... And my broker is Lightspeed, but I'm not gonna say Lightspeed's charts are as bad as Thinkorswim, 'cause Thinkorswim's are definitely better than Lightspeed. But my point here is though, there's always that kind of give or take. Is it worth paying for something just to get some charts that you really do like? For me, it definitely is. So that's why I will not use ThinkorSwim because me, personally, I'm not saying this is, you know, the holy grail or what you should be doing, I'm just giving my thoughts and recommendations, but yeah. Thinkorswim, I will not use. Now, who I would use is TradingView. And, in fact, I actually do use them in some portions of the business. Again, for you, all those you that follow my video analyses, any sort of penny stocks or whatever, I use TradingView charts. I think they do a great job with their penny stock charts.

So it's just from that perspective alone, if you trade penny stocks, well then TradingView would be a great source. But I mean, they're really good for... I should also note, that when I do my cryptocurrency, so when I do like Bitcoin and the other cryptos, I'm also using TradingView because I can't get cryptos on eSignal unless I cough up more money but I can just hop over to TradingView and I can use, you know, for penny stocks and the cryptocurrencies here.

And they do offer free charts. Now there are limited things though because these are going to be... A lot of it is delayed unless you pay for it. But for me, when you compare cost especially eSignal, the winner that I would recommend and that I would go with if I didn't have the business aspect like I explained earlier, would be TradingView. TradingView is very cost-effective, they have great charts, they have a lot of functionality within the site itself especially if you are a paying member. It just opens up a lotta doors. And, you know, like several people do Thinkorswim in the Inner Circle chatroom, there's also a lotta people that pay for TradingView because again, a lotta good stuff, their charts are very appealing to the eye, and then when you factor in the cost, it's very reasonable and it's definitely not $1,800 a year. And remember, that's the price where it's like discounted 'cause I'm buying it in bulk all at once. So I would encourage you to check out TradingView, I'll put a link down below.

And full disclosure, that is an affiliate link so if you hate my guts and you don't want me to make a penny at all, then don't use that link to get to TradingView. But if you wanna just, whatever, you know, yeah I'll throw you, I don't even know what the affiliate is, I'll throw you probably like three bucks, then yeah, you can click on that link and check out the TradingView there. But that is who I would personally go with, you know, for the reasons discussed. You know, it's probably worth maybe at least checking out Thinkorswim charts, seeing if you like them or not, because who knows, you may think they're great. Maybe they're very appealing to your eye and you think you can make it work and that's totally cool. But I mean, if that doesn't work, then you know, just pay 'cause remember free isn't always free if you're not jiving so it's definitely worth paying for. And, you know, TradingView is who I would pay for. I would not pay for eSignal. And, you know, there are a couple members that have eSignal and I just kinda cringe, like why are you paying so much? You don't need to pay that much for a chart provider.

There's lots of other good alternatives out there and TradingView is usually who I tell these people about. So again I just wanna really reiterate. I only use them because of the business aspect. That is why. So don't. And at the end of the day, I mean, just because you pay a lot for... Some people I get the impression like, oh you know, I'm using this or that and higher prices so they think it's like makes them more serious of a trader, fine line there. Now there are instances where if you're using delayed data on, you know, some site that's got bootleg charts, all right, then you can probably be accused of not treating trading that serious.

But don't think just because you go and spend a lotta money on a chart provider, that that somehow all of a sudden is making you that much more serious. No, be smart about it. But in my opinion, smart is, check out Thinkorswim, see if your eyes jive with that. If it doesn't, then definitely go to TradingView and you know, check that out. Hopefully you click on the link so I can make my $or whatever that is.

That was a joke, people, relax. Do I wanna say anything else? I think that's it. Like, I love vlogs, I can just... You know, I can do this. I can never do that what what. I can never do that on... See Nate, what do you think, the camera guy gets to chime in on vlogs. Well I say you do three of them at a time. Do you have any questions on this topic? No, I don't. No. No. Nate uses RobinHood charts and they don't even have charts. No, M1 Finance. Oh yeah, he uses M1-- They do have charts, they're just line charts though. M1 Finance's charts? Yeah, line charts. Oh, line charts. Nate uses line charts. He uses the one minute line chart for his day trading scalping. That's a lie, he does not day trade scalp. But I think that is it. So yeah, what do I think? Well, don't use eSignal. Maybe start off with Thinkorswim. And definitely consider TradingView and if you are going to pay, go with TradingView. .