Have you looked at your trade transaction history recently? You might want to look. On April 17th, the SEC put out a press release that I missed: “SEC Issues Second Fee Rate Advisory for Fiscal Year 2024.” At a glance, the title seems innocent. There is no mention of an increase or anything, until you […]
SEC Raises Stock Transaction Tax Nearly 300% Read More »
In February, we wrote about the upcoming API transition from TD Ameritrade to Schwab. Unfortunately, Schwab only activated their new API for developers last month, which doesn’t leave a lot of time for applications to update their connection and conduct testing. TD’s API will end this week, so essentially, many applications will break if they
Marketable Limit Order Workaround for ThinkorSwim Read More »
As I mentioned previously, the root cause of failure in day trading is that new traders care too much about other people’s P&L. Due to human emotion, greed will end a new trader very quickly. Another big reason is simply their position sizing is wrong. Regardless of whether you take the wrong setup, don’t stop
Lose Less with Bell Curve Positioning Read More »
There is an update to this article. Click here to view. Traders who use the DAS API integration for ThinkorSwim have been waiting a very long time for an official update regarding the new integration into Schwab. All of the active trader accounts will be transfered by May of 2024 and as someone who has
TD Ameritrade API Team Updates on Das Trader-Schwab Integration Read More »
The rise of small caps stocks with micro floats seemingly never ends. Traders are seeing stocks with less than one million freely available shares and the number of stocks with small floats are increasing. I don’t think anyone is complaining, as these stocks that tend to go up the most, but there are some drawbacks
The Rise of Small Caps with Micro Floats Read More »
SPACs, or Special Purpose Acquisition Companies, are pretty complex. A lot of traders and even many investors don’t really understand how they work. Unfortunately, most SPACs have caused big losses for both regular investors and the people on the inside. It’s been a bit like the wild west. But now, the SEC says they’re putting
That’s it folks. The announcement has been published to Charles Schwab users today, Jan 9th 2024. If you are using Schwab Streetsmart Edge, the platform will begin sunsetting in March. $1.3 trillion assets and more than 4 million accounts have been moving from TD Ameritrade to Schwab for awhile now and many customers have already
Streetsmart Is Dead, Long Live ThinkorSwim Read More »
Although it would be nice to say that I’m going to publish a thought-provoking blog post every week, that’s not the reality. Sometimes there’s simply nothing interesting to say and I’m not the type of person to write something for the sake of clicks or a predetermined publishing schedule. But, on the day when there’s something
Price Action Small Cap Traders Need to Know Read More »
The root cause of failure in day trading. With nearly 9 years of trading along side with thousands of stock traders and watching them come and go, one constant has remained: traders do indeed come and go. The standard excuse used is, “trading is hard”, but, what is the root cause of why trading is
Empowering Traders with Straightforward Technical Analysis and Market Commentary Read More »
