Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge

Reply
 
Thread Tools Display Modes
Old 01-29-2011, 10:47 AM  
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $2147483647
Does anybody use any trading software?

I'm looking get a trading/charting program, but don't really know what programs are out there.

Primarily, I want to look at charts and apply different technical indicators and analysis. It'd be best if the charts were printable. I'd also like the capability to do some paper trading.

As far as the type of investing I want to do, I want to buy/sell some commodity contracts as a longer term hedge and do some option work potentially. Pretty low volume, but tracking the positions is pretty important.

I don't do a hell of a lot with stocks, but wouldn't mind tracking some stocks and mutual funds.

Problem is that I don't know much about the programs, and don't know a lot of guys using them. One guy told me TracknTrade is pretty good. Maybe I should use E-Trade but I don't want to sign up for an account just to see if their charting program is any good.

Any help would be appreciated.

TIA
Posts: 20,562
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
  Reply With Quote
Old 01-29-2011, 11:36 AM   #2
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $1057901
Don't waste your money on those programs.

E-Trade, TD Ameritrade, and Fidelity all have active trader platforms that include all this stuff and it won't cost you any money.

Just open an account, apply for margin and options (lie if you have to to get the approval level you want, they don't verify it. they may ask you some questions to verify you know what you're doing though), and you're good to go. I recommend TD Ameritrade because of their purchase of think or swim and your desire for commodities and options trading.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 15,060
KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 01-29-2011, 12:57 PM   #3
alnorth alnorth is offline
MVP
 
alnorth's Avatar
 
Moon Lander Champion Skeet Shoot Champion
Join Date: Dec 2002
Location: Iowania
Casino cash: $12389397
Technical analysis, charts, etc do not work. At least not in a vaccuum applied to all stocks where you are not really knowledgable about the companies and are just trying to mechanically follow rules.

Hundreds of trading systems have been academically studied and they do not perform better than what could be expected through random chance.

In the unlikely event that some magic trading rule were discovered that did work, he sure as hell would not tell anyone. As soon as a rule is widely known, it immediately stops working because there would obviously no longer be a market inefficiency to take advantage of. So, anyone purporting to sell such a rule or trading system designed to make money is either ignorant, or a fraud trying to take your money.

You either need to spend far more time than its likely worth each week studying companies, analysis, and financial statements to figure out an active trading move, or you should broadly diversify into hundreds of stocks (probably through ETF's or mutual funds) and rebalance every once in a while.
__________________
<WarMoose> Think about how stupid the average person is. Now realize that half of them are dumber than that.
<Chunda> Why half?
Posts: 24,259
alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 01-29-2011, 01:28 PM   #4
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 

Join Date: Apr 2007
Location: Scott City KS
Casino cash: $2147483647
Quote:
Originally Posted by alnorth View Post
Technical analysis, charts, etc do not work. At least not in a vaccuum applied to all stocks where you are not really knowledgable about the companies and are just trying to mechanically follow rules.

Hundreds of trading systems have been academically studied and they do not perform better than what could be expected through random chance.

In the unlikely event that some magic trading rule were discovered that did work, he sure as hell would not tell anyone. As soon as a rule is widely known, it immediately stops working because there would obviously no longer be a market inefficiency to take advantage of. So, anyone purporting to sell such a rule or trading system designed to make money is either ignorant, or a fraud trying to take your money.

You either need to spend far more time than its likely worth each week studying companies, analysis, and financial statements to figure out an active trading move, or you should broadly diversify into hundreds of stocks (probably through ETF's or mutual funds) and rebalance every once in a while.
I'm not going to trade stocks. Mainly to trade the commodity markets.
Posts: 20,562
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
  Reply With Quote
Old 01-29-2011, 01:42 PM   #5
Stewie Stewie is offline
Supporter
 
Stewie's Avatar
 

Join Date: Oct 2006
Location: West of the Equator
Casino cash: $12780
Trading or investing? I would say you're not a trader and will get burned. If you own a commodity as a farmer that's fine, hedge your bets. A true trader has to meet strict guidelines.
Posts: 10,481
Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.
  Reply With Quote
Old 01-29-2011, 02:02 PM   #6
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 

Join Date: Apr 2007
Location: Scott City KS
Casino cash: $2147483647
Quote:
Originally Posted by Stewie View Post
Trading or investing? I would say you're not a trader and will get burned. If you own a commodity as a farmer that's fine, hedge your bets. A true trader has to meet strict guidelines.
It's weird for a farmer. I have to study the markets pretty hard to make any kind of informed marketing decision. At this point, I'm a marketer.
Posts: 20,562
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
  Reply With Quote
Old 01-29-2011, 02:25 PM   #7
nstygma nstygma is offline
Veteran
 
nstygma's Avatar
 
Galaga Space Invaders Champion Onslaught 2.1 Champion Ten Pin Bowling Champion
Join Date: Nov 2008
Location:
Casino cash: $50574
i like their software: http://www.openecry.com/
http://www.ninjatrader.com/ is another i haven't tried but heard good things
__________________
you've heard that voice so long you believe it to be you
Posts: 2,102
nstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 01-29-2011, 04:02 PM   #8
alnorth alnorth is offline
MVP
 
alnorth's Avatar
 
Moon Lander Champion Skeet Shoot Champion
Join Date: Dec 2002
Location: Iowania
Casino cash: $12389397
Quote:
Originally Posted by Buehler445 View Post
It's weird for a farmer. I have to study the markets pretty hard to make any kind of informed marketing decision. At this point, I'm a marketer.
Oh, I didn't realize what you were doing. If you are a farmer, then making a few strategic commodity bets can be a shrewd way to hedge.
__________________
<WarMoose> Think about how stupid the average person is. Now realize that half of them are dumber than that.
<Chunda> Why half?
Posts: 24,259
alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 05:27 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.