Good Morning to all
If you are a user of thinkorswim, and never tried "ONDEMAND" you should at least give it a try
What it is ?
The folks at thinkorswim have created a database with every single tick for stocks, options, futures, ...
including level 2 quotes for every exchange since 12/07/2009
You do have access to this database and replay the action for your favorite stocks on the date of your choice.
Now I find this feature an excellent way to try my skills a playing the penny stocks markets at my heart's content
thinkorswim behaves just like always, only difference you are replaying the past, that is something that you cannot do with paper trade
To use it just click the OnDemand Button at the top of the chart on your right hand
It will turn purple and take you immediatly to simulated mode
Then select the date on the right of the new purple OnDemand button add you are ready to go
From now on all trades you do are simulated(not real), You get started with an acct of $100,000.00 tp play with
To get back at real trading just click the same button again
GLTA
only thing I dont like about this is it doesnt display news so you kind of are going in blind and dont know why the stocks are going up or down
You can get the news from another source, aka multitasking
so it's Historic Backtesting?
Oh yeah and easy to use, try it you'll like it, any stock, any date, any time
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