smishra

I have tried accounts with both Interactive Brokers using Dastrader as user interface, and with TD Ameritrade with Think or Swim as the user interface. Here are my experiences: - For scalping, especially at open, Dastrader with Interactive Brokers is fast and responsive. ThinkorSwim seemsto lag at he open. - When the market has settled the difference is not that great. - I find it much easier to execute quick trades with Das using IB. - If you are also doing options and futures, the features of Think of Swim are a level better than Dastrader For now I am keeping both accounts using Das on IB for scalps, and Think or Swim for slower longer term trades. The 0 commission features emboldens me to try out new strategies on it it with small account size

I had the same question. The 0 commission at Ameritrade will allow some strategies that are not possible otherwise as long as I do not lose a large amount to slippage. I already have a IB Das Trader account, maybe I could link the Ameritrade account to it for an additional amount. The comments by Trinity and video by Jessie in this post are very informative. From this post by RealEstateDayTrader it seems that Ameritrade works fairly well except it does not have Auto Stop at maximum loss that IB provides I will try Ameritrade with Das and see how it goes

Becoming proficient traders will require many of us to learn and master new material. A few months ago I came across the spaced repetition method. Some of its elements may be intuitively obvious and we have probably used them over the years. Still it was interesting to see the scientific background, and to see that there are apps that utilize the principle. The key fact is that we forget most of what we learn in the first 24 hours, and then, if we don't practice recall, our remaining memories decay exponentially (approximately). This was discovered by Hermann Ebbinghaus in 1885 through a series of experiments. The good news is that memory's rate of decay slows down if we *actively. recall* the item (instead of passively re-reading it). And there is an optimum spacing between recalls to remember the most with minimum recalls. (Sort of like DRAM refresh in computer memory). https://ncase.me/remember/ (An engaging gamified explanation) There are apps that implement this principle. I use Anki. You may already have used similar apps so it may be nothing new, but it was definitely a booster for me. "Anki can be used to remember almost anything. That is, Anki makes memory a choice, rather than a haphazard event, to be left to chance." https://apps.ankiweb.net/ (I used the PC, phone and web version and keep them syncrhonized. Need a free AnkiWeb account. iOS versions require a payment. Other versions are free) I sent the above to my kids in the hope it helps them. Wish I knew of this when I was in school. 🙂