About Thinkorswim

ElectricSavant · Feb 21, 2006

I went ahead and opened up Wifeys ThinkorSwim IRA options account with an ACAT transfer today. She was flat in her OptionsXpress account.

We have a tax burden due by April 15th., even though I paid/estimated our taxes quarterly (I screwed up, but I paid enough in quarterly, to avoid a penalty I think...yes ElectricSavant can screw up too).

Wifey will max out her 2005 contribution with a $4,500.00 IRA deposit, after the ACAT is complete, to lessen our tax burden.

I declared the interest earned in my Forex account and gains, even though my marketmaker did not report.

Michael B.

P.S. maybe they will give me the 50 bucks...we will see...

MTE · Feb 22, 2006

Quote from stock777:

Thanks for the tip. didn't make sense that you couldn't do that. My eyes are not what they used to be , but I didn't think anyone was working at that tiny size ;-).

Notice some of the screens don't seem to follow the font selection, notably, the insight tab.
More...

Yes, the ones that come from outside providers do not follow the font selection. Not a problem for me though as I don't use those, except for charts, but no problem there. I use a 1920 by 1200 resolution with Large font size, works great for me.

Cheers.

Cache Landing · Feb 24, 2006

Quote from spreadem:

As long as it makes a perceptible difference in the results in my trading account then "good, fast and/or cheap will work.

I am considering ToS with the main purpose of making a noticeable difference in my trading results.

I wonder if there is anyone who can say that changing to ToS has made a differnence in their trading results.
More...

Made a difference in mine! That's why I'm willing to stay with them. Everything they can (and will) do for you more than makes up for the slightly higher commissions.

ASAP talk to them about at least dropping the ticket charge. That one really bites into the profits on small trades.

barnetda · Feb 24, 2006

I have just opened an account. The software is awesome as it works so well on a mac.

QUick question for you guys. I cant get any financials on the firm, i am sure they are fine but what is my credit risk. I plan to have a large amount in the account and want to be certain i understand the credit risk.

Any info?

GATrader · Feb 24, 2006

They clear thru penson. You can get the financials for Penson since it is a public company. In addition any cash < 500k is covered by SIPC. So if u really have a LOT of $ , put 500K in diff brokers and if you have any loose change you can give me some...LOL

barnetda · Feb 24, 2006

Thats great. I thought the limit was 100k

so if they clear through penson my risk (if any) is with them right?

thanks

GATrader · Feb 24, 2006

Check out SIPC.org and verify. Good luck. TOs is great

barnetda · Feb 24, 2006

top man. thanks.
I get a little nervy after refco but these guys look very good.

dandxg · Feb 24, 2006

Is that true TOS is a futures broker too? If that is true can they show a options chain, I think it is called, on options on futures?

MTE · Feb 25, 2006

Quote from dandxg:

Is that true TOS is a futures broker too? If that is true can they show a options chain, I think it is called, on options on futures?
More...

No, no options on futures yet. Just the e-mini S&P, Nasdaq and Russell 200 futures for now, more futures are coming.