What happened to Prophet charts in thinkorswim?

What happened to Prophet charts in thinkorswim?

thinkorswim by TD Ameritrade recently decided to drop ProphetCharts from its trading platform. Since its introduction in 2004, Tim Knight’s ProphetCharts has become the de facto charting solution for millions of active traders both independently and after TD Ameritrade’s acquisition.

How do I compare charts in thinkorswim?

In thinkorswim® Charts, enter the first symbol in the symbol field of the chart. Then, go to Studies>Add Study>Compare With and choose a symbol within the default list or choose ‘Custom Symbol. ‘ In the ‘Custom Symbol’ pop-up box, add the second symbol you wish to compare.

Can you automate thinkorswim?

There is no way (at least that we’re aware of) to have fully automated trading in ThinkOrSwim (at least the platform). However, if you have a process-driven approach, much of this is mechanical, and can be outsourced to the actual ThinkOrSwim platform to try and automate as much of the trading process as possible.

What does BOT mean in thinkorswim?

SOLD

What language is thinkorswim written in?

The Thinkorswim software is provided free for account holders of TD Ameritrade and trades via the TD Ameritrade platform are free….Thinkorswim.

Available in	English language
Website	www.thinkorswim.com

How do I get ThinkorSwim for free?

If you’re looking to do trading, ThinkorSwim is the best platform for you. It’s actually a platform that was acquired by TD Ameritrade, but don’t let that stop you. The platform itself is still free if you open an account, and you can open an account with little money to invest.

Can you backtest on ThinkorSwim?

Backtesting with thinkOnDemand to Help Optimize Your Trading. Well, not with thinkorswim OnDemand, a powerful stock backtesting tool available on the TD Ameritrade thinkorswim trading platform. It lets you replay past trading days to evaluate your trading skill with historical data.

Can you day trade on ThinkorSwim?

So, an account can make up to three Day Trades in any five business day period without consequence but if a fourth (or more) are executed the account is designated (“Flagged”) as a Pattern Day Trader.

How long do I have to hold a stock to avoid capital gains?

You must own a stock for over one year for it to be considered a long-term capital gain. If you buy a stock on March 3, 2009 and sell it on March 3, 2010 for a profit, that is considered a short-term capital gain.

How soon can I sell a stock after buying it?

You can sell a stock right after you buy it, but there are limitations. In a regular retail brokerage account, you can not execute more than three same-day trades within five business days.

How do day traders avoid wash sales?

To avoid this unpleasant situation, close the open position that has a large wash sale loss attached to it and do not trade this stock again for 31 days. Avoid trading the same security in your taxable and non-taxable IRA accounts.

Can you reinvest to avoid capital gains?

Capital gains generally receive a lower tax rate, depending on your tax bracket, than does ordinary income. However, the IRS recognizes those capital gains when they occur, whether or not you reinvest them. Therefore, there are no direct tax benefits associated with reinvesting your capital gains.

Why is a wash sale bad?

What happens to your loss? The only good news about wash-sales is that your disallowed loss doesn’t just go up in smoke. Instead, it gets added to the basis of the replacement securities. When you sell them, your disallowed loss effectively reduces your gain or increases your loss on that transaction.

Does adding to a position count as a day trade?

Yes. Regardless of your previous position, if you buy shares, then sell them in the same day that is exactly a day trade.

What happens if you get flagged as a day trader?

You could be limited to closing out your positions only. And your margin buying power may be suspended, which would limit you to cash transactions. If you make an additional day trade while flagged, you could be restricted from opening new positions.

Are day traders taxed differently?

Long-term investments, those held for more than a year, are taxed at a lower rate than trades held for less than a year, which are taxed at the normal income rate….Day Trading Taxes — How to File.

Gross Annual Income	Long-Term Tax Rate	Regular Tax Rate
$418,401 or more	20%	39.6%

Is it bad to be a pattern day trader?

No, pattern day trading is not illegal! The US government portrays it as being extremely risky, and thus, they created the PDT rule to protect the capital of investors. They don’t forbid margin accounts or trading with accounts that have less than $25,000 of capital, but they try to regulate them as much as possible.

Where can I day trade with less than 25K?

If you have less than $25K, your next best options are to day trade forex or futures. These markets require less capital and are also great day trading markets. Another viable option is trading for a proprietary firm.