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Old June 25th, 2009, 05:40 PM   #1
McMil
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Default Trade Station Strategy Trade Engine

Well since everyone else is adding theirs I figure I might as well too. I used to have Scottrade, but had issues with getting correct info from one of their brokers who I would say gave me out ant out false info and got me a T-violation that almost killed my trading for life...not too funny, but he denied it and I learned a hard lesson: Only I am responsible...

Anyway, dumped them over a year ago and went to TradeStation and never looked back: LOVE IT!!!

There is only one drawback, but in the long run it's a built in protection if your account is below the Day Trading Limit so it is what it is, but it forced one to become a more aware trader so it's checks and balances.

The drawback is having to wait for funds to clear until the next day; Scottrade puts your money on your account immediately and you can go out and in as soon as you want because your profit is immediately accrued, but not in and out because that's one day trade.

As far as charts and the ability to get into the guts of the program and create a new strategy from the ground up it's the best thing on the market and Trade Station allows one to do something none of the others can; automate one's trades on several levels...once your comfortable that the platform is set up the way you want it it acts just like a black box and will trade for you faster than you ever could and will automatically reverse the direction of the trade to actually scalp the moves and any number of shares you like so you can play golf and make money all day...

It's really quite the platform...

McMil
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Old June 25th, 2009, 07:57 PM   #2
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Default Re: Trade Station Strategy Trade Engine

I was checking it out before (right now I've been hopping between brokers because they give me cash + free trades). Does tradestation trade globally? I have etrade now (I use TYO and HKG). I wouldn't mind BOM, but I wouldn't switch to a broker that doesn't have the Hang Seng.
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Old August 15th, 2009, 01:07 AM   #3
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Default Re: Trade Station Strategy Trade Engine

I noticed that it stated on the tradestation free requirements that you could trade 5000 shares and you would get the services for free. Does this include penny stocks? I doubt it, but if it did I would hop there in a heartbeat.
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