Thats True, Im just at the beginning of my Options learning curve and plan on investing a fair amount of time (and money if required) into learning them and the software, so Id like to pick a software package that will be easy enough to help me pick up the basics but sophisticated enough that I wont find it lacking later on. I wasnt planning on purchasing the backtesting component immediately anyway.
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Options Software
- Thread starter maninjapan
- Start date
Quote from maninjapan:
Thats True, Im just at the beginning of my Options learning curve and plan on investing a fair amount of time (and money if required) into learning them and the software, so Id like to pick a software package that will be easy enough to help me pick up the basics but sophisticated enough that I wont find it lacking later on. I wasnt planning on purchasing the backtesting component immediately anyway.
If you are just beginning then I would strongly discourage you from spending loads of money on options software, which may have questionable value to you either now or later down the road. In my view, Optionvue is unecessary, at least at this stage of your "career".
If I were you I'd get Hoadley and use it in combination with, say, Thinkorswim, which has a great option analysis package for free.
Thanks for the reply. I do find this info useful. I currently trade through IB would Hoadleys and IB be a suitable combination?
Quote from maninjapan:
Thanks for the reply. I do find this info useful. I currently trade through IB would Hoadleys and IB be a suitable combination?
I can't comment on IB's option tools as I don't use IB, maybe someone else will. However, once again, don't rush in to spending $$$ on software packages or education, first use all the free sources that are available!
Quote from MTE:
I can't comment on IB's option tools as I don't use IB, maybe someone else will. However, once again, don't rush in to spending $$$ on software packages or education, first use all the free sources that are available!
This is good advice - don't get suckered into thinking that you can buy success with super-expensive software or courses. Doesn't work that way. You don't have to limit yourself to free stuff, but you don't need to spend a fortune either.
Hoadley recently upgraded his software to support IB - if you have an IB account you can download quotes into Excel spreadsheets live and real-time. So yes, they work great together.
Thanks guys, all valid points. PRice doesnt always = performance, I was just interested in finding out mroe about the value Optionvue 5 vs Hoadleys, it sounds like though, Hoadleys has a lot more bang for its buck...
To investigate what OptionVue can do for you visit their website: http://www.optionvue.com/Default.aspxQuote from maninjapan:
Thanks guys, all valid points. PRice doesnt always = performance, I was just interested in finding out mroe about the value Optionvue 5 vs Hoadleys, it sounds like though, Hoadleys has a lot more bang for its buck...
They have a 30-day trial offer for $49 which also includes a CD video and manuals.
Their affiliated education website: http://www.discoveroptions.com/