Setting up Your ThinkOrSwim Stock Trading Platform - Page 2

Tekmnd · 06-13-2009, 06:57 AM

Thanks Guest

Welcome to the community.
You should consider registering and joining in. We have lots of new things coming.

Cheers
Tek

rachel · 06-19-2009, 01:37 AM

Hi David

First I must tell you that your site and courses are great. They are very interesting and imformative. I appreciate the fact that you invested a great deal of thought and time in them and they are available for free. Thank you.

When I click on the thinkorswim icon I choose the paper money option but I cannot find any stocks on the platform when it opens.

What can I be doing wrong? I live in Israel. Is it possible that they are not available outside the US?

Best regards

Rachel

09-19-2009, 11:34 AM

This website is great. I'd like to try the software of thinkorswim platform. Do they have a linux version? Thanks!

Simit Patel · 09-19-2009, 12:09 PM

Quote:

Originally Posted by Unregistered

This website is great. I'd like to try the software of thinkorswim platform. Do they have a linux version? Thanks!

they do have a linux version. you can get it here:

https://mediaserver.thinkorswim.com/...r/install.html

you can register for a free demo account by clicking on the button below.

benjaminteh · 09-27-2009, 05:14 AM

Hi David, thank you for this awsome site, I have been following the online course, for someone that is a visual learner, this is very helpful to me. Thanks again.

I have some questions, I hope you can help me. I just sign up with thinkorswim and told them that I do not want to trade in margin as I am not ready to take that extra risk, I would prefer to trade with what I have at the moment. According to them they only have margin account, and they would gladly remove the margin capability. So, what does it mean? margin account without a margin capability = cash account? I am a little confuse here.

Well, I guess what I need now is just a trading platform for me to trade, as I am still new in this, I don't want to get into any other unecessary trouble like loan and interest rates which I may accidently fall into. I want to be able to focus on trading and not worry about accidently go over my limit... Thanks

Tekmnd · 09-27-2009, 09:04 AM

Hi benjaminteh

By removing the margin capibility, it means that you will only be able to hold a max position size equal to the value of your account.

Quote:

So, what does it mean? margin account without a margin capability = cash account?

It also means you do not have to wait for settlement. On a cash account, when you sell your stock, you have to wait 3 days before you can use that money again. On a margin account, it means that you can use the money to buy more stock right away if you choose.

Other than that, I am not sure what it would mean. The price of your stock cannot gap overnight down below zero, so if your total position size is not more than the total value of your account, I don't see a big difference except for settlement unless I am overlooking something.

Quote:

Well, I guess what I need now is just a trading platform for me to trade

Think or Swim provides a great platform for free with your account.

Cheers
Tek

Cheers
Tek

benjaminteh · 09-27-2009, 09:50 AM

Hi Tek,

Thank you for your reply, I appreciate it. for a newbie like me to invest in US market, I want to be more careful and have to ask alot of questions. I am not a US citizen and not living in the US, so it makes it more concerns for me.
I really appreciate your reply.

When you say "you will only be able to hold a max position size equal to the value of your account" do you mean that whatever amount money that I fund in my account will be my max position size?

It's ok for me to wait 3 days for settlement, so, assuming that $5000 is my fund and it is the same as my max position size, so my available fund will be $5000. Say if I invest all $5000 and earn $500, then sell it. So, I will have to wait 3 days to use this $5500 again. Is that correct?

The thing is... if I lost $5000, I am ok with it, my biggest worry is to make a loss and get into debt.

and Yes, I agree they have a great platform, I did a comparison with e-trade, scottrade and some others, the selling point for me is that they have pocket PC application

and I also like that that they allow me to send in all my application documents electronically.

Regards
Ben
p/s english is not my first language, my apologies if I am not clear in my questions.

Tekmnd · 09-27-2009, 11:35 AM

Hi again benjaminteh,

Quote:

When you say "you will only be able to hold a max position size equal to the value of your account" do you mean that whatever amount money that I fund in my account will be my max position size?

Quote:

It's ok for me to wait 3 days for settlement, so, assuming that $5000 is my fund and it is the same as my max position size, so my available fund will be $5000. Say if I invest all $5000 and earn $500, then sell it. So, I will have to wait 3 days to use this $5500 again. Is that correct?

yes to both of these questions.

Quote:

The thing is... if I lost $5000, I am ok with it.

Could you just give it to me then?

Cheers
Tek

benjaminteh · 09-27-2009, 11:58 AM

Quote:

Originally Posted by Tekmnd

Could you just give it to me then?

Cheers
Tek

Haha... I wish I have 5k to give it away...

thanks Tek, your reply was very helpful.

nolimitsbaby · 11-30-2009, 05:39 AM

delteted

(wrong thread)

06-19-2009, 01:37 AM	#12 (permalink)
rachel Badges About Assets Join Date: Jun 2009 Posts: 1 InformedPoints: 0	Thinkorswim papermoney demo Hi David First I must tell you that your site and courses are great. They are very interesting and imformative. I appreciate the fact that you invested a great deal of thought and time in them and they are available for free. Thank you. When I click on the thinkorswim icon I choose the paper money option but I cannot find any stocks on the platform when it opens. What can I be doing wrong? I live in Israel. Is it possible that they are not available outside the US? Best regards Rachel

09-19-2009, 11:34 AM	#13 (permalink)
Unregistered Badges About Assets Posts: n/a InformedPoints: 0 [Points Log]	Does this paper money work on lunix machine? This website is great. I'd like to try the software of thinkorswim platform. Do they have a linux version? Thanks!

11-30-2009, 05:39 AM	#20 (permalink)
nolimitsbaby Badges About Assets Join Date: Nov 2009 Location: Switzerland Posts: 23 InformedPoints: 0	delteted (wrong thread) Last edited by nolimitsbaby; 11-30-2009 at 05:46 AM.

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06-13-2009, 06:57 AM	#11 (permalink)
Tekmnd Community Co-Host Badges About Assets Total Awards: 6 Join Date: Aug 2008 Location: San Diego Posts: 2,364 InformedPoints: 18,999.06 Funds	Thanks Guest Welcome to the community. You should consider registering and joining in. We have lots of new things coming. Cheers Tek

09-27-2009, 05:14 AM	#15 (permalink)
benjaminteh Badges About Assets Join Date: Sep 2009 Posts: 3 InformedPoints: 0	Hi David, thank you for this awsome site, I have been following the online course, for someone that is a visual learner, this is very helpful to me. Thanks again. I have some questions, I hope you can help me. I just sign up with thinkorswim and told them that I do not want to trade in margin as I am not ready to take that extra risk, I would prefer to trade with what I have at the moment. According to them they only have margin account, and they would gladly remove the margin capability. So, what does it mean? margin account without a margin capability = cash account? I am a little confuse here. Well, I guess what I need now is just a trading platform for me to trade, as I am still new in this, I don't want to get into any other unecessary trouble like loan and interest rates which I may accidently fall into. I want to be able to focus on trading and not worry about accidently go over my limit... Thanks

09-27-2009, 09:50 AM	#17 (permalink)
benjaminteh Badges About Assets Join Date: Sep 2009 Posts: 3 InformedPoints: 0	Hi Tek, Thank you for your reply, I appreciate it. for a newbie like me to invest in US market, I want to be more careful and have to ask alot of questions. I am not a US citizen and not living in the US, so it makes it more concerns for me. I really appreciate your reply. When you say "you will only be able to hold a max position size equal to the value of your account" do you mean that whatever amount money that I fund in my account will be my max position size? It's ok for me to wait 3 days for settlement, so, assuming that $5000 is my fund and it is the same as my max position size, so my available fund will be $5000. Say if I invest all $5000 and earn $500, then sell it. So, I will have to wait 3 days to use this $5500 again. Is that correct? The thing is... if I lost $5000, I am ok with it, my biggest worry is to make a loss and get into debt. and Yes, I agree they have a great platform, I did a comparison with e-trade, scottrade and some others, the selling point for me is that they have pocket PC application and I also like that that they allow me to send in all my application documents electronically. Regards Ben p/s english is not my first language, my apologies if I am not clear in my questions.