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Showing content with the highest reputation on 01/31/2019 in all areas

  1. 7 points
    I think we should all be very grateful to @SBatchfor working out this deal. As far as I know, this is the best deal available today in the industry, when you combine commissions, execution, platform and customer support. If you have a 20k portfolio, that translates to 0.6% cost of your portfolio for commissions, even if you do less than 3,000 contracts. For 50k portfolio, it is 0.24%. You cannot beat it.
  2. 1 point
    Hi guys, This is the address to a website I just finished (well, let's say it is in beta): www.art-of.trading It is helpful for those in search of an additional source of RV charts (and thank you for all encouragements I got). What's this? You can use it to simply and quite quickly depict the 'usual' RV graphs on straddles and calendars, as well as the underlying’s relative movement and IV. Most parts of the website were plugged together by me (you will notice in the grainy front picture). It also has a page with a large table on upcoming earnings, the firm’s actual and historical IV and traded options volume in weeklies and monthlies. The goal was to plug all this information together in a more ‘trader-friendly’ way, better than on other known free website (the basic idea is to provide an answer to Kim's weekly Sunday mail about upcoming earnings trading candidates and the famous 'make sure they are liquid enough' sentence). Do we really need another website with RV charts? Well, honestly, I do not know. You will have to judge for yourself. I can only say that this is a fun project for me personally and I just could not help tackling this. Having spent some years in quant finance/institutional asset management and having fun doing quant stuff and building webpages I could not keep my fingers still and had come up with that website - despite what else might be there (and not even thinking in a particularly competitive way about it). It is very helpful for what we are doing. Technically not rocket science, although some parts still turned out taking more time than expected (I am still completely amazed, for example, about being taught all the legal implications of throwing a few figures on a website). What’s your incentive in this? Will you keep this free? What I like about this forum is that there are quite a few people who are really good - and who do not mind sharing their knowledge and their experience. I like this spirit and I want to support it. Now, having said that, here is the money side: be clear that you need to spend some good amounts on data, hosting and development (the ones I would just be too slow to all do myself). Properly licensing your data, for example, is unfortunately much more expensive for a thing like this than for private research purposes (and of course more expensive than if you would simply scrape your data, but experience shows you want to stay clean on that one). Proper data has the nice side effect that you always have good and consistent data and finally that there is someone you can call if something goes wrong (f.e. Zacks I use is known as a good provider of earnings data). So again, having said that, the answer is no, I will not be able to keep this for free. Costs and time should be covered. Be realistic, you will agree that anything else is simply not sustainable. Furthermore, being able to access up-to-date data on any company at any time has value. So you plugged this site together, and what now?? While many people say a quant background can actually be a disadvantage in trading, I will still love to do more interesting data driven stuff, possibly in collaboration and discussion. And the useful stuff will of course go on the website. So, I am open and thankful for suggestions and discussions. But I also want to add a cautioning word that in my experience it is often the very simple stuff which helps most. There can be an inherent danger to lose purpose when getting too carried away by shiny advanced methodologies and too much use of differential equation models. There is, however, a lot of basic stuff with seemingly little coverage here in the forum which could well value a look. For example, taking some simple company fundamentals like earnings growth, earnings volatility, even debt-to-equity, industry code, past surprises and plugging them into a simple regression to come up with a model to predict iv runup before earnings announcements. There is a good chance that this will lead to improvements with reasonable time spent on them. The coming weeks will be a test run, the site will be freely accessible (in fact there is nothing in place on the page which would allow to charge anything right now). I would love to get some feedback and of course bug reports if you find funny data or anything not working as expected. So that is it, enjoy.
  3. 1 point
    Thank you for the support. I haven't started working on that. That might require some rework of code used by the scanner.
  4. 1 point
    From the first post of this thread: Those that already have a subscription with Tradier, but would like to switch to this offer simply need to email Tradier at service@tradierbrokerage.com (the February fee waiver will not apply to existing Tradier client's as there is no account setup to be done).
  5. 1 point
    @anand331Just email support@tradierbrokerage.com and state what you need. I think using the email you registered with Tradier will make thing simpler. You will receive a reply shortly with further instruction (you will need to esign a document similar to what you did when you first open the account). I put "Creating Alpha (CA) promo $109" in the subject. Hope this helps.
  6. 1 point
  7. 1 point
    Sorry..I thought that's what you were looking for.
  8. 1 point
    They have been working with the help of the SEC for the past 3 years to put this operation together following the letter of the law. They are 2 separate companies 1- TastyTrade, which is led by Sosnoff and only in the business of providing research and education, for free. They offer no products that cost money. 2- TastyWorks is the new "clearing and brokerage" arm of the company and is a separate company. They are not a clearing firm. They are using "Apex Clearing" for that part of the program. Apex has been around for many decades and has an excellent reputation. Tom & co. started creating TOS in 1999 and it has grown to be one of the best retail trading platforms today. I personally do not use it because I have been with IB since they started and , I do not know which platform is better but, I am so attached to it after all of these years, it is my personal choice. Plus IB has more money than almost any retail firm in the world and their commissions are near the best. TastyWorks will probably be a little bit less money in commissions and their trading platform is the fastest in the (retail) world because they removed all of the"junk" that slows other platforms down. It is strictly an "options" platform that deals with everything relating to options and HFT speed because of the way it was designed. I think they have proved that they know how to design a platform. Just look at TOS. From 1999-2010 no other platform could touch it. But now they used the same team to make something far superior. They offer anything related to TastyTrade for free and would love to do the same thing with TastyWorks but, these things, at this level, cost a LOT of money to run. With that considered, their rates are pretty amazing, and Apex Clearing is a solid clearing firm with a very long history. If there was anything to worry about regarding the safety of your funds, then I think Apex would have gone out business over 25 years ago. The whole thing got a big green light to begin from the SEC so I think it is about as safe as you can get. They have only 1 problem for me, but it is only temporary. They will only offer Equity, Etf, Indexes, and all related options and products at the very start. In March they will add all commodities, and more and more products as time goes on. You are not putting your money with a new firm that is just starting out and have to worry about how they will do. The company has been clearing forever and is solidly built to handle anything. I',m interested in the platform. I will never leave IB. At least I doubt it. But, I will open a small account here to see what the platform is all about, and if it provides any tools that are new and can make my trading more efficient. And NO...I am not a spokesman for them! I just wanted to provide some information about their operation that seems to be lacking in the conversation.
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