Best Day Trading Software

Posts Tagged ‘play money’

I am interested in currently investing in the low oil and natural gas prices without an eft but down the road I’ll mostly be investing in stocks. I will be starting with around 0 to invest so I need lower commission sites.

I am 25 have other investments and this is just my play money and willing to be risky with it.
I didn’t see anything about commodities on Scottrade or Charles Schwab. If there is give me the link.
Interactive Brokers minimum requirements is ,000 I can’t do that.

Technorati Tags: Active Trader, charles schwab, commodities, eft, interactive brokers, investing, Investing In Stocks, investments, Money 97, natural gas prices, Online Stocks, play money, Scottrade, stocks and commodities, Trade Stocks

• Open letter to Obama from Former PM of Malaysia:? This is an extract from an open letter sent to President Obama by the Former Prime Minister of Malaysia Dr. Mahathir Bin Mohammad. If you were in Obama's place, what reply would you have given. Mature and detailed replies are welcome. January 1, 2009 Dear Mr. President, I did not......
• Determine Your Risk Index And Tolerance Understanding your personal comfort level with risk is a critical part in developing a successful investment strategy. Each individual has a risk tolerance that should not be ignored. Any good stock broker or financial planner knows this, and they should make the effort to help you determine what your risk......
• now that the real problems facing america can't be so easily hiden,? should ron paul run as a independent. even fox is talking about how right he is Time to Listen to Ron Paul? By Elizabeth MacDonald Time to listen to Texas Congressman Ron Paul, the lone voice of reason in Congress today who’s got to feel like he’s shouting into a......
• now that fox folk have got the nomination secured for the crooks they are willing to talk about how right Ron? is http://emac.blogs.foxbusiness.com/ Time to Listen to Ron Paul? By Elizabeth MacDonald Time to listen to Texas Congressman Ron Paul, the lone voice of reason in Congress today who’s got to feel like he’s shouting into a field of cotton with his repeated warnings about the dangers of a collapsing dollar,......
• Where To Invest In 2010 The stock market may be recovering, but the economy's overall prognosis is not so good. There are several different types of investments, and there are many factors in determining where to invest 2010. Of course, determining where you will invest 2010 begins with researching the various available types of investments,......
• how can i get the Canadian government to cooperate; are my being taken seriously? Dear Yahoo.com, I know that your News Room, is up to date on the most recent Senate Green Room, discussion over the Canadian Boarder breech case involving, a Marie, who is now recognized as a famed Mobsters Lady? Well, I myself might be a small fish compared to this great......
• Should I not waste my time doing the stock market/real estate investing? I'm making 90k per year after taxes, and I'm only 25. Should i just invest it in CDs and 401k? I want to retire around age 45 and travel around the world and just have fun. Also i'm not a big spender expensive stuff, i drive a used car, and......

• what is THE STATUS OF WOMAN IN ISLAM ? THE STATUS OF WOMAN IN ISLAM By Jamal A. Badawi CONTENTS PREFACE INTRODUCTION HISTORICAL PERSPECTIVES Women in Ancient Civilization WOMEN IN ISLAM 1. The Spiritual Aspect 2. The Social Aspect (a) As a Child and Adolescent (b) As a Wife (c) As a Mother 3. The Economic Aspect 4. The......
• Monday Lotto AU 1million Once again, sticking to the same strategy followed the last few draws, small numbers under 33, and derived from previous 7 draws or less. These are the 2 factors due to come into play, maybe seperately, maybe together. It is taking a bit of a punt, but using both factors......
• DOW JONES Index Fibonacci Review This week we look at the chart for The Dow Jones Index as our example of using the Fibonacci series. Most Stock market technical analysts/traders commonly use tools such as Fibonacci & Gann analysis methods as part of their investment strategy, as they prove useful in showing points of high......
• Lotto numbers all hit from last 4 draws On 7 January 2009, the Australian Lotto numbers all hit from the last 4 draws! That is, all winning numbers came from those of the previous 4 draws, a rare event - see draws below. Lotto Results Australia To optimize lotto games for such an event would give tremendous advantage in......
• Weakonomics Weekend Edition: TinyURL.com Edition So my friends, what did you get for the holidays?  If you go back a few weeks you can see I wanted the following for Christmas: A few business books Gift card to Kohls for work clothes Lego Star Wars for Nintendo Wii Cheap Tom Tom GPS navigation system And......
• One Hundred Pushup Challenge -- Knee Push ups, 1 Handed Knee Pushups, and Full Push ups Well if you haven't heard by now then you aren't paying attention to the Health and Fitness blogosphere... Everyone is doing the 100 push up challenge at 100 push ups.   It is a 6 week training program geared toward a final test where 100 consecutive pushups are completed.  (My first......
• Monday Lotto AU 1million Tonight's draw is quite difficult to predict, but may be worth a few dollars. All numbers will probably be derived from the last 10 draws. 2 numbers out of the following 6 may feature: 3 8 23 24 27 42 12 games played in-house, with "Double up" feature, Cost: $6.05......

I’m interested into getting into day trading but I want to create a fake account with some play money just to test out strategies or to see how well I can do.

Can anyone recommend software to do this, or an site that will allow me to do this (like scott trade or e-trade)

Technorati Tags: day trading, e trade, play money, scott trade, stock trading

• What's the best cell phone for trading stocks? I'd be very interested to know your own personal experience trading using a phone. I trade mostly out-of-the-money options so it's not like I need to execute trades, but it's good to know that I can get my order filled fast if possible. Also, how does the speed of cell......
• Stock Market: Trading System Users: What can you tell me? I just have a few basic questions. Did you buy one or construct your own? What kind of percentage returns do you get, and what is your time frame? How much maintenance is involved? What software system, platform, or site did you use? Does it matter which broker you use......
• Are there any legitimate online certificate courses for stock market investment training? Hello there! I am looking for an online course(s) that are geared towards teaching (academic) how to invest in the stock market. I don't care for get rich quick schemes - just how to invest and understand the market, basics of economics, etc. I don't care if it is from......
• what do say about day trading or intraday in share market is it a wise decision? do you prefer investment strategy...4r short term and long term. else tell me wats your take on share market?? just few days back my friend bought essar oil 1000, ptc 1000, Rnrl 1000, gmr 600 recently for intraday. price gone down so he tought to hold and sell tomo but......
• Are there any online stock brokers whom you can execute multiple buy and sell orders? simultaneously from their websites as opposed to having to enter your orders just 1 @ a time? Last Thurs when the marke bottomed, I wanted to buy half a dozen different issues at the same time but the online broker only allowed me to do themone at a time which......
• What is the best online brokerage for buying stocks in FOREIGN COUNTRIES i.e. not the U.S. ? There are some good values in china it would be nice to buy. I have heard that E-Trade allows you to do some foreign trading but it scares the hell out of me because it looks like they could go out of business at anytime. What would happen if the......
• I want to buy stock and invest, what's the best way to go about it? Online? E*Trade? I am 23 y/o college student, and I was just looking to invest and stuff for my future. My friend, has stocks and does well. So is online the best way to get into buying stocks yourself? Is there a nice online place to do this. What is involved in......

• Alternative Income Streams Progress - January 2007 This is the fifth installment tracking of my alternative income streams plan and progress. It appears my income streams have taken a step backwards. As my alternative income consists largely of my blogging income and interest income, it's can be volatile. There is some upside to look forward to. I......
• Powerball AU 9million Nice first prize, not so easy to predict result, with sum totals and ANY filters not showing much clear direction. Look for a predominance of small numbers possibly, with a couple coming from way back in the draws. Numbers running HOT: 1 5 12 29 39 40 42 44 Numbers......
• How can i get rid of cellulite and varicose veins?! im 19?!? ok..well im like 5'5 19 years old..and skinny...i dont understand why i have cellulite and varicose veins at such a young age.. lol whats funny is that i got varicose veins on my left leg only..on the back of the leg ..where it bends. and im starting to notice it......
• One Hundred Pushup Challenge -- Knee Push ups, 1 Handed Knee Pushups, and Full Push ups Well if you haven't heard by now then you aren't paying attention to the Health and Fitness blogosphere... Everyone is doing the 100 push up challenge at 100 push ups.   It is a 6 week training program geared toward a final test where 100 consecutive pushups are completed.  (My first......
• Schindler's Actual List In 1980, a writer named Thomas Keneally was buying a new briefcase in Beverly Hills, California. The shopkeeper, Leopold Pfefferberg, was a Polish Jew who had an interesting personal story of how a man named Oskar Schindler saved him and over a thousand other Jews from Nazi extermination in World......
• Lotto numbers all hit from last 4 draws On 7 January 2009, the Australian Lotto numbers all hit from the last 4 draws! That is, all winning numbers came from those of the previous 4 draws, a rare event - see draws below. Lotto Results Australia To optimize lotto games for such an event would give tremendous advantage in......
• Wednesday Lotto AU 750K Sticking with current strategy: SMALL numbers, 33 or less, having hit in the last 7 draws. A couple of odd ones thrown in. 18 games + Double up, Cost $9.15 1 6 12 18 27 33 1 6 10 11 22 24 1 6 11 12 18 22 3 10......

I had a forex training account that used play money, but it expired after 30 days. I have looked at several others but they all expire after 30 days as well. I don’t feel I am ready for a live account, does anyone know of a place that will allow a "play account" that is either not limited on time, or allows for longer than 30 days?

Technorati Tags: day time, Foreign Exchange Trading, Limited, Money 98, play money, quot, time limit

• Day trading SPY options: How can I do this better? (Long question)? (Note: I have real money experience with options going back to 2000, first covered calls in my IRA and then long calls in my cash account though no day trading experience with real money. I have the 25K to park in an account to satisfy the pattern day trader rules......
• Online Stocks? I've been told that online stock sites allow 4 trades within 5 business days and that a "sell" is a trade. You can "sell" 4 times in 5 days. So, when exactly does this 5 day count start?? As soon as I buy and sell 4 stocks.. or even when......
• Virtual Trading Penny Stocks - Does it Reflect "Real" Trading? I have been on www.howthemarketworks.com for about 3 weeks now. I started with ,000 in virtual money and am randomly choosing stocks between {content}.01-{content}.05. I have seen incredible returns....almost 100% in two weeks. I check the account each day when the market closes and sell off anything that made money.......
• Stock trade in CANADA. Where can I find company's informations? Which is good online trader? I have traded stocks in foreign country. I have my way to judge company's future value... I am in Canada now. I wanna trade canada stocks. I wanna know where is good site for getting company's profile for free. Also, which online trader is cheapest?. Usually 1-2 transactions(trade) per week.......
• canadian grade 10 history help!? Chapters 3 & 4 1. What happened during the Russian revolution and why did this concern Canadians? 2. What was the Conscription Crisis and how did it affect French-English relations in Canada? 3. What was the Treaty of Versailles and what was the goal/outcome of the treaty? 4. Describe the......
• trading stocks: what do you think of my strategy (im new)? I'm new to trading stocks, I have been "mock trading" online at this website where everything is real...except the money of course =). I have been meeting all of my goals so far. I'm too afriad to trade multiple times a day, it's too risky for me...with the whole 15......
• Day Trading and stocks? Hello, Im interested in "Day trading" and am looking into working through websites like E*trade, Scottrade, Ameritrade, I'm really interested in learning how to use these and websites and learning more about the stocks and trading, but I'm not sure where to look i was thinking about getting "Day Trading......

• Scratch-off lottery games WILL eat your lunch A few weeks ago I met "J" of BudgetsAreSexy.com, and Nicole of Breaking Even Communications, up in DC.  It was a great way to spend a Sunday afternoon, and in the process I really got a feel for what generous hearts they both have. Subsequently J gave me a sneak......
• One Hundred Pushup Challenge -- Knee Push ups, 1 Handed Knee Pushups, and Full Push ups Well if you haven't heard by now then you aren't paying attention to the Health and Fitness blogosphere... Everyone is doing the 100 push up challenge at 100 push ups.   It is a 6 week training program geared toward a final test where 100 consecutive pushups are completed.  (My first......
• Wednesday Lotto AU 1.5million No change in strategy today, as both aspects look strong, under 33 mainly or all, and within recent 4-7 draws. Due mainly to Saliu ION Filters being fairly low for a few draws, and having ANY 6 Filters of 43 and 35 in draw 7 and draw 9, all point......
• Tennis: Handshake or other gripping movement hurts after playing for a week... elbow too.? Two weeks ago, i started playing tennis with my friends in our neighborhood park. i had never played before. At first we were just fooling around, but after finding out that i liked tennis, i started getting a bit more serious. I youtubed videos about forehands and the such and......
• Someone's cheating, should you tell their spouse? Some of you may have read my previous question but this one is more of a general one. Here's the question: You know without a doubt that a friend of yours is cheating on his/her spouse and you are also friends/aquaintances with the spouse. I have known people on both......
• After being apart from husband for year is it possible to fall in love with him again after moving on? After a year of seperation and my husband swearing he is a better man and knows he took us for granted. Can I fall in love with him again after being apart this long and seeing other people. Our divorce should have been final months ago but seems like it......
• How can I get back with my ex girlfriend? How can I get back with my ex girlfriend? I'm 16 and a junior in high school and so is she. We dated for ten months and didi everything together. I've met pretty much all of her extended family and they all loved me. They've even made her invite me......

(Note: I have real money experience with options going back to 2000, first covered calls in my IRA and then long calls in my cash account though no day trading experience with real money. I have the 25K to park in an account to satisfy the pattern day trader rules and another 10K to make the actual contract purchases.)

I have a job that allows me to keep an eye on the real time stock market. Starting in January I started playing with the Virtual Trading engine at OptionXpress, daytrading options on SPY. My strategy is rather modest; I buy 5-10 ITM contracts, either put or call depending on market direction, and sell when I see the trend reverse. I chose 10 contracts because I believe that with an order size that small, if I submit a sell order at the bid it should fill immediately unless the market is moving very fast allowing me to lock in a profit if the trend reverses. I open one position at a time, I never leave my desk with an open position and I am 100% cash at market close every day. I use SPY because being a basket of 500 stocks it is buffered from sudden drastic moves in price giving me time to get out of a position with minimal loss if the price goes the wrong way on me. My immediate goal is 0 after commissions per round trip, a target that requires only a {content}.15 move in option price. I don’t always guess right on direction, 4 out of 5 is typical, and I am netting between 0 and 0 a day on 6-7 round trips. My 00 initial play money stake has grown to about ,000 since 1/19 when I started doing this seriously. I won’t get rich doing this but over the course of a year that is an extra person’s worth of income for my family. If it lets me do nothing more than pay off my house and fund future college for my 3 kids it is worth it.

Now that I have proven to myself that this seems to be a reasonable strategy I am trying to understand what I can do better and am now in the area of "I don’t know what I don’t know." I know about Level 2 quotes but if these are something that can help me I am not clear how to use them. I know that there are all sorts of indicators that technical traders use but I don’t know if these scale down to the day trading level. I know about the existence of the Greeks, and while I understand roughly what the numbers and equations mean, I don’t know if these will help me on positions lasting 15 minutes or less.

My main interest in posting this question is to find out if there are tools I can use to help me make better choices about getting in or out of a position or tell me more about what the market is doing. This strategy seems to be working okay and if I can translate this to real money I will consider myself successful. I don’t want to be greedy but I certainly would like to know if I can do what I am already doing more effectively.

I spent time on 888options and optionetics.com but it seems much of the content out there deals with strategies like spreads, butterflies and condors, things that simply don’t apply to what I am doing. I know there are options day traders, even some specializing in SPY, who read these questions, and I’d be appreciative if I even had a list of books or even just some things to go research and learn about that you have found helpful in your experience.

Thanks for reading this far and any help y’all provide.
I definitely understand the problem with fills; in fact, I asked a question about that here the other day. I had noticed that I could put in a sell at a price like 3.10 and a minute later see a bid/ask spread of 3.15/3.20 with my sell order still open. My only thought was "What the ****?!" I was told by another answerer that in reality, on an order that small an ask below the bid would never stay open on something as liquid as SPY.
Regarding filling at the mid, on SPY I could live with this. The options on SPY move enough intraday that even if every buy order filled at the ask and and sold at the bid I’d still make money because I am looking for moves of .15 on options that can move .30 or more in a short time. I’ve gotten good enough at picking the trend direction that I will buy options that are 3 or 4 points ITM. This gets me my .15 or more move with only a small move in the price of SPY.

Technorati Tags: 25k, commissions, contract purchases, contracts, covered calls, day trading, daytrading options, ira, Job, market direction, minimal loss, Money 97, money experience, open position, option price, pattern day trader, play money, quot, real money, Real Time Stock, spy, Stock Market, target, Trading Options, Trend, virtual trading, wrong way

• Is there a limit to how much money you can make trading currencies (Forex) ? Well, let's say you have a scalping strategy that can make you 25% per day. I know it's high but lets say you did. If you start with ,000, the next day you should have ,500. The next day 25 .. Right? Well lets say you implement the same strategy......
• Do you like my book so far? PREFACE They say your life could change forever in a matter of hours. Well, I hadn’t really given much thought to that statement until it happened to me. This is the story of how my life changed before I even had a chance to think about what was happening. CHAPTER......
• what do you think of these numbers canada? Why Canada Should Legalize Marijuana By: Peter BeckI -------------------------------------------------------------------------------- I have many vices. Pot, however, is not one of them. I don’t smoke the stuff, and never have, but I don’t sit in judgment either. Recently, I started looking at what could happen to the Canadian economy if we didn’t......
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• Nanoscopic Police Enforcement good or bad? possible? 20 to 200 yrs in the future depending on the circumstance of events. Pharmaceutical, Genetic, and Robotic company's will merge together to create social standards a firm economic grip on the "free market" and spawn array positives and negatives into day to day life from what kinds of medications you......
• Day Trading Stocks Rockstar 1st in a series of videos outlining the basics of Day Trading, Showing how an average joe can open an account with 5-20k and make 0-00 a day trading the market. Will show you how i do it, and answer any questions you have. Each day. What are the simplest......
• Where Is the Beast of Revelation? The Prophet Daniel had spoken these prophecies. Isaiah, Jeremiah, Jesus and his disciples also spoke of it and stressed on its importance. Daniel said there will be four empires after Babylon. The first was the Persian Empire. The second was the Macedonian Empire (Alexander the Great.) The third was the......

• State Default Rates -- A Publishable Application of the RateLadder ListingKey In the past I have talked about my technique for adding a ListingKey to the Loan table of the Prosper.com data export.  While I had successfully added the key several weeks ago I hadn't found an application of the key that I could publish until recently.  A fellow Princetonian and prosper lender......
• cant love my husband any more and am already in love with someone else? I have been married for seven years now and i have a five year old son. i have never enjoyed myself in it.the in laws being there to decide for us and arguing all the time.I have always tried to make things work between us.My husband has always let me......
• will this help to get rid of cellulite on my Bu**? i have got this nivea goodbye cellulite cream and patches to get rid of cellulite on my butt.... i rub cream everyday and also use patches like everyother two days...drinking water... and also doing squats but doing with out any weight... i do like 50 squats everyother day!!! will all......
• My Prosper Internal Rate of Return Update (End of Mar 07) = 3.33% for an Decrease of 9.53% This is a RateLadder only IRR update.  (An IRR lender “game” update is in the works.) Here is my permanent tracking page: http://rateladder.com/my-prosper-irr/ My Prosper IRR is defined as: Monthly cash flows with one extra month using the current account value minus any loans 1 month or more late. Current......
• Liberals are followers and Bush is a leader. Its better to be right than popular? President Bush's Accomplishments Abortion & Traditional Values 1. Banned Partial Birth Abortion — by far the most significant roll-back of abortion on demand since Roe v. Wade. 2. Reversed Clinton's move to strike Reagan's anti-abortion Mexico Policy. 3. By Executive Order (EO), reversed Clinton's policy of not requiring parental consent......
• Prosper.com Crosses 50 Million Dollars in Loans It took from 2/27/06 until 04/05/2007.  Just over one month to go from 40 to 50 million.  The pace is still quickening.   Date: Principal Closed: # Loans: # Registrations: # Lenders: # Borrowers: # Groups: # GLs: Historical Interest Rates Credit Grade Group Member Average Rate Less Than 5K......
• My boyfriend cheated on me but says he wont do it again...? My boyfriend and i have been together for about 10 months. His sister is in the grade below us and we have gotten pretty close. About two weeks ago she told me he was cheating on me with this slut (lets call her Casey) in her grade but i found......