Tastyworks broker board

Discussion in 'Stock Market Today' started by OldFart, Nov 7, 2017.

  1. OldFart

    OldFart Well-Known Member

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  2. StockJock-e

    StockJock-e Brew Master
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    Let us know how it goes!
     
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  3. OldFart

    OldFart Well-Known Member

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    So far it's been slow opening an account, but I'm opening the "works" account ( pretty much everything they allow to trade ).:

    https://tastyworks.com/accounts.html
     
  4. OldFart

    OldFart Well-Known Member

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    platform.png
     
    #4 OldFart, Nov 7, 2017
    Last edited: Nov 7, 2017
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  5. OldFart

    OldFart Well-Known Member

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    platform pic above
     
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  6. B Russ

    B Russ Well-Known Member

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    Im trading with it. Charts are ok. Pretty basic tools. I will usually narrow it down on TW, then go to TOS to really see if the stock is ready to trade. That said, i know they are continously adding to it.

    Trades are $1 per contract to open and free to close which i am loving!

    FYI android app still in beta. Downloadable, but not officially released. There is a use at your own risk warning beside the intall button. It works to make trades but only when it wants to. I have had it bug out when trying to close a trade, angive bad PL infoon active positions. And has limited ability. But you can do your business from the website. They say iphone is great though. The above complaint is andoid only.
     
    #6 B Russ, Nov 7, 2017
    Last edited: Nov 7, 2017
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  7. fireopal

    fireopal Well-Known Member

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    I would have opened here but don't do options and can get cheaper commission @ Ally BUT found UStockTrade which was the cheapest >> $1 monthly membership - $1 per trade plus no PDT rule - quick approval - no minimum $ required which is good b/c doing $500 growth test that i have yet to do even though money is there - just need more time b/c too many good plays lately to focus attention there yet. One bad thing is need to use broker or tos for charts.
     
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  8. B Russ

    B Russ Well-Known Member

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    Thats cool opal. I really thought PDT rule was regulated though, and no way to get around that. I'll have to dig a little deeper on that one. As you know, i have already screwed that up recently.
     
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  9. OldFart

    OldFart Well-Known Member

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    If you still have cash in the account ( cleared for trading ), you can still trade.
     
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  10. B Russ

    B Russ Well-Known Member

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    Hmm. That may be it. I may have tried while it was still not cleared for two days....ahem....in 2017, on the new york stock exchange. When i can also buy a candle from internet and phillipenes and it cleared my bank account faster than i could click off the website and check bank transaction. :confused::D
     
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  11. BermudianOption

    BermudianOption Well-Known Member

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    Interesting. I like the commission structure for Options but I don't trade as much as I used to so I am content with OptionHouse's fees at the moment. Maybe when TastyWorks has less of a 'beta' feel I will evaluate it down the road.

    The screenshot posted definitely feels ThinkOrSwim-inspired.
     
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  12. OldFart

    OldFart Well-Known Member

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    Well, I am loving these $1 options trades, with no closing costs....insane
    Platform took a while but learning curve is almost over ( I think ).
    Charts are okay...not fantastic.
    Have not found where there is the ability to set a trailing stop though.
     
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  13. BermudianOption

    BermudianOption Well-Known Member

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    Actually bit the bullet and opened an account Friday night. Still haven't funded the account yet. One big issue is that I don't see the ability to create contingent orders on the web based platform (which is a necessity for my trading strategy). I emailed Customer Service and will probably get a response earlier this week. If this is true, I won't be able to go any further with TastyTrade unfortunately.
     
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  14. OldFart

    OldFart Well-Known Member

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  15. OldFart

    OldFart Well-Known Member

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    just make sure you have a cash only account, and not a margin account
     
  16. BermudianOption

    BermudianOption Well-Known Member

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    Heard back from TastyTrade last night:

    Alright so that delays my likely transition to TastyTrade by 1-2 months but that is the only thing holding me back currently.

    With that said, I apparently didn't read @OldFart's post close enough. I am just realizing that closing trades are free for almost all instruments. I think I might end up moving my Roth IRA over as well at that rate lol. As If the trades weren't inexpensive enough as is, I only have to pay $1/ct to open a position? Yowza!
     
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  17. BermudianOption

    BermudianOption Well-Known Member

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    Tastytrade is capping commission for Options at $10 to open positions (and it is free to close positions). Users are still responsible for market-imposed fees, but those that trade large size will do nicely with this update to pricing.

    http://mailchi.mp/ef09042b2e07/big-things-coming-in-70717?e=2c5008e872
     
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  18. OldFart

    OldFart Well-Known Member

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    #18 OldFart, Feb 8, 2018
    Last edited: Feb 8, 2018
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  19. BermudianOption

    BermudianOption Well-Known Member

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    Just got an email from e*Trade. Earlier in the week the raised the minimum requirement from 50% of the exchange minimum to 100% of the exchange minimum. Today they raised it from 100% of the exchange minimum to 125% of the exchange minimum. I'm sure some accounts were blew up so that had to tighten risk a bit
     
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  20. OldFart

    OldFart Well-Known Member

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    Blowing up a futures account is pretty easy to do...I quit trading the /ES due to the crazy moves lately. My tiny account could get blown to pieces in a matter of minutes with that volatility.

    Switched over to trading gold for now. Less profit, but less chance of going broke.
     
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