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  1. J

    Two Questions For Practicing Day Traders

    If you do not back test, then what is the purpose of posting your strategy performance results? What is the difference between the backtest and a performance report?
  2. J

    Best Charting Software?

    Thanks, I know how to change the time frame of each candle stick with my keyboard. can you use keyboard to switch between time periods for 2D, 5D, 1M,6M, etc...like you would on a yahoo finance chart for example. sierra is only letting me change the time period through the "days to load box"...
  3. J

    Best Charting Software?

    If I don't plan on trading with trade station, Wouldn't it make more sense to open an account with $500 and be inactive vs the subscription for trade station which is $100 a month? It looks like both options give access to tradestation unless I am missing something
  4. J

    Best Charting Software?

    Thanks, will look into tradestation. It looks like Account service fee if $150 a month before paying for market data with account minimum 2k. Sounds pricey If I only use them for charting and not as my broker.
  5. J

    Best Charting Software?

    Thanks, I have real time Data on Sierra for a fraction of cost...I don't like there candle stick charts...It can take a while to move between symbols and timeframes.
  6. J

    Best Charting Software?

    Hey Guys, I currently use Sierra Charting for Market Profile and IBKR for candle sticks. I am leaving IBKR and don't love the charting with my new broker... Any thoughts on what the best charting software is for trading equities? I've heard some mention Esignal which has a Market Profile add...
  7. J

    How to show change % for any time frame on Interactive Brokers?

    On the Top Left corner of my IBKR charts, it shows the current change %. However, I'd like to drag my mouse over the candles/line charts to see the change % at any specific time. For example, on mobile yahoo finance chart, you can can scroll finger on the chart and it will show update %...
  8. J

    High-speed trading firm is going to war with the SEC

    Last week on Tasty Trade, Tom Sosnoff made this exact argument that Payment for Order Flow is a good thing because spreads are tight with high liquidity. If HFT like Citadel can not improve your price than they will pass order directly to exchange.... Worse case scenario your order is...
  9. J

    When to route order to an exchange that does not have NBBO?

    Thank you, that makes more sense!
  10. J

    When to route order to an exchange that does not have NBBO?

    Hi, Apologies if this has already been spoken about. I am confused on how trades are routed on order book. Lets say ARCA is 10.00 x 10.05, EDGX 9.90 x 10.50. If I route an order to buy 100 shares on EDGX with a 10.50 limit than I will get filled at 10.05 because that is NBBO. What is the...
  11. J

    IBKR Smart Router Efficient?

    Hey guys, I am trying to figure out if I am better off using smart route or routing the orders myself when trading outside RTH. This is important to me, because I often hide my orders. I currently trade on interactive brokers and mostly use their smart router. Does anyone know if the smart...
  12. J

    Can I be responsible for warrants if I short stock?

    Thank you, when I look up corporate actions, warrants do not show up...Maybe because warrants are issued to new shareholders instead of existing ones?
  13. J

    Can I be responsible for warrants if I short stock?

    Hey everyone, In the past, there was a rights offering on a stock that I was short. I ended up being short the rights as well as the stock. If I am short a stock offering warrants, will I be responsible for any warrants? Any insight would be appreciated.
  14. J

    Shorting stock on Record Date?

    Hi everyone, when is a short seller required to pay out a dividend? For example, ABC has a Ex dividend date of 9/29 and a Record Date of 9/30.... If I sell on the record date 9/30, am I required to pay out dividend? If so, can I short the day after record on 9/31 without being responsible for...
  15. J

    Should I use MOC or LOC?

    Will LOC go through the auction process and cause market imbalances or will it only fill you on the closing price if the volume/liquidity is already there at 4pm?
  16. J

    Should I use MOC or LOC?

    Lets say, XYZ closes at $10.00 Is is possible XYZ BUY MOC closes at $10.00 but LOC BUY order with $11.00 limit does not get filled?
  17. J

    Should I use MOC or LOC?

    I am trading a stock with very low volume and want to place a closing order to avoid the spread. I am reading Limit on Close "Orders can be partially or fully filled depending on exchange terms and market liquidity." My understanding is that a LOC will not guarantee me a fill even if the...
  18. J

    Question on VWAP for TPO/Market Profile Charts

    I just signed up for Sierra charts as I am trying to learn TPO/Market Profile Charts. Would anyone know why the VWAP on my TPO charts are a different number from my VWAP on a candlestick charts? I.E Today, May 20, my candle stick chart shows VWAP of 15.11 for SPCE but my TPO chart shows 14.87...
  19. J

    Pros & Cons of NYSE Closing Auction D-Quote Orders

    Why wouldn't everyone use this order if it can be modified later? Is it because of higher fees and not being guaranteed a fill?
  20. J

    Pros & Cons of NYSE Closing Auction D-Quote Orders

    Hey Guys, I see an option for Closing D Order Entries that can be placed up until 3:59:50 Can any one please inform me on what the disadvantage of a D Quote order is compared to a MOC order and vice versa. Other than a Floor broker executing a D Quote order, what is the difference between...
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