Stock Market is the bottom in?

[SD51555]

 

[Telemark]

I have a Fidelity account. They let you see pre-market.

That's a good point. I used to trade with Active Trader, but the new Trader+ software is not good for day trading. If they add hotkeys it will be well worth using, since they don't charge commission.

 

[BenA]

That's a good point. I used to trade with Active Trader, but the new Trader+ software is not good for day trading. If they add hotkeys it will be well worth using, since they don't charge commission.

I'm just learning, so hot keys may get me in trouble. I like the safety net of putting in conditional orders with defined limits. I could see getting to the point where I would want to do that faster though. It does take longer, which is aggravating some times.

 

[Telemark]

I'm just learning, so hot keys may get me in trouble. I like the safety net of putting in conditional orders with defined limits. I could see getting to the point where I would want to do that faster though. It does take longer, which is aggravating some times.

They should have programmable hotkeys that allow you to set them up with all the conditions you want. It lets you get into, and more importantly out of, a trade in milliseconds. You can use market orders during market hours, and during extended sessions you can buy and sell with limit orders on the ask or the bid with an offset to make sure your orders get filled. The problem with entering everything manually is the price might go past your limit before you are done filling out your order ticket.



This is how it looks on the Lightspeed platform. You create the order, and then you can map a button on your workstation or click on the Keyboard tab to program hotkeys. It's essential for momentum trading, which is what I am trying to focus on. It just allows me to be more flexible with working hours, since I trade from different time zones. If I want to hold something overnight, or trade/invest on a longer timeline, I use my Fidelity account. Both accounts are set up to trade on margin, and I can trade options, too. I actually prefer trading options on Fidelity.

The Fidelity platform is good to learn on, since it's simple but has most of the functions a trader would need. I use the trailing stoploss on a lot of my positions, especially if it's something with higher risk. Another thing I will say about Fidelity is they are extremely professional, and their customer service is excellent.

 

[Telemark]

It's only 04:06 in New York, and already ACCL made a nice move on decent volume. I probably could have done something with it, but I was goofing around and missed the first move up. It moved over $4 in about 90 seconds. If I had been prepared, I probably could have made a couple thousand dollars off it with hotkeys. I made a nice scalp on it, but premarket things move FAST. No way could you trade that fast and that early with Fidelity.