I'm in a holding pattern right now. Defunded my TOS account but left some in there to get real-time and scans.
Simply too many short set-ups that I can't take advantage of in TOS.
Should have the IB account open next week. I'm purposely funding the IB account with less than the minimum 25K to escape the PDT rule to force myself to be more selective in my trades. I'd really rather focus on only a few tickers for the day based on previous day's action or data-mining and let the market come to me instead of hunting for trades during the day; just not a big fan of that. Having under that 25K minimum will force me to do that.
I think, for me at least, having that plan of action that includes those symbols before the day begins is a way to control the chaos a little better.
Hmmm....who else seems to trade similar to this? I think his name is Tim something or other... ;)
Back next week...
At least the price on TOS moves with the current bid/ask in your order form, IB the same. Per all three I believe that IB has more tickers to short, that is the main reason. If TOS had more shortable tickers I would be staying put. TOS does have good charts and scans so I'll be using TOS of rthose and IB as my main broker. The Level 2 in TOS is not good but ETRADE Pro has good Level 2. IB you have to pay for it but going to skip that option. Hope some of this helps my friend.
thanks for the useful in Palmer. right now I am using TDAmeritrade. I don't really mind the platform but I hear of a lot of people switching to IB so I figured I'd find out what all the praise was about. I haven't tried shorting yet with TD and won't until I am confident I see a pattern I like and will probably just do a small test to see if there are any shares at all... thanks for the help mate!
*info
Mike: No problem...if you can use the TOS platfrom and click on the trade tab at the top you will see if the ticker is marked as ETB for easy to borrow, HTB hard to borrow, or NTB no shares to borrow...marked in the upper right. No sure how it looks in TDAmeritrade..
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