Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Tastyworks broker board

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

  1. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    BermudianOption and bigbear0083 like this.
  2. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Let us know how it goes!
     
    OldFart likes this.
  3. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    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

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    platform.png
     
    #4 OldFart, Nov 7, 2017
    Last edited: Nov 7, 2017
    T0rm3nted likes this.
  5. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    platform pic above
     
    Onepoint272 and B Russ like this.
  6. B Russ

    B Russ Active Member

    Joined:
    Sep 25, 2017
    Messages:
    189
    Likes Received:
    126
    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
    BermudianOption and OldFart like this.
  7. fireopal

    fireopal Well-Known Member

    Joined:
    Apr 18, 2016
    Messages:
    2,486
    Likes Received:
    540
    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.
     
    BermudianOption, B Russ and OldFart like this.
  8. B Russ

    B Russ Active Member

    Joined:
    Sep 25, 2017
    Messages:
    189
    Likes Received:
    126
    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.
     
    OldFart likes this.
  9. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    If you still have cash in the account ( cleared for trading ), you can still trade.
     
    B Russ likes this.
  10. B Russ

    B Russ Active Member

    Joined:
    Sep 25, 2017
    Messages:
    189
    Likes Received:
    126
    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
     
    OldFart likes this.
  11. BermudianOption

    BermudianOption Active Member

    Joined:
    Apr 6, 2016
    Messages:
    357
    Likes Received:
    245
    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.
     
    OldFart likes this.
  12. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    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.
     
    BermudianOption likes this.
  13. BermudianOption

    BermudianOption Active Member

    Joined:
    Apr 6, 2016
    Messages:
    357
    Likes Received:
    245
    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.
     
    OldFart likes this.
  14. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    BermudianOption likes this.
  15. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    just make sure you have a cash only account, and not a margin account
     
  16. BermudianOption

    BermudianOption Active Member

    Joined:
    Apr 6, 2016
    Messages:
    357
    Likes Received:
    245
    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!
     
    OldFart likes this.
  17. BermudianOption

    BermudianOption Active Member

    Joined:
    Apr 6, 2016
    Messages:
    357
    Likes Received:
    245
    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
     
    OldFart likes this.
  18. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    #18 OldFart, Feb 8, 2018
    Last edited: Feb 8, 2018
    BermudianOption likes this.
  19. BermudianOption

    BermudianOption Active Member

    Joined:
    Apr 6, 2016
    Messages:
    357
    Likes Received:
    245
    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
     
    OldFart likes this.
  20. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    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.
     
    BermudianOption likes this.

Share This Page