Next Meetup

(Now rescheduled to Wed. Feb 21) Dive Into ThinkOrSwim, Trading 2018 Panel
RESCHEDULED FROM JAN. 18. This meeting had to be moved to Wed. Feb 21 since Cameron Village Library was unable to open Jan. 18 because of the weather. No replacement dates were available before Feb. 21 that did not create conflicts for those involved in presenting and organizing the meeting. -------------------------------------------------------------------------------------------------------------- Our long-term member Michael Rulison has kindly agreed to give a detailed Hands-on Demo and Walkabout on trading using the popular ThinkOrSwim platform. We have had many requests for Talks accessible to newer Traders. This one will help fill that bill. In the second hour, we will have a full Panel discussion of prospects for Trading in 2018, including a review of 2017 results and the implications of changes in the Volatility Regime for options income strategies. There is a consensus that ThinkOrSwim is the best low-cost platform on which to start trading options. Many, many of our members use it. It is technically competent, feature-rich, and robust. It is more usable than the platforms sponsored by other brokers. It is one of the standards always referred to in all Options Educational Courses. As to cost, it is totally free if you open an account with TD Ameritrade. (There are some higher-cost paths as well that we can mention). For those new to trading Options, come to this talk, open a TD Ameritrade account with zero or more dollars, and try some paper-trading and/or light real trading. (You will need a strategy and risk management plan too, but those are topics for other talks). This talk should be more helpful than some on ThinkOrSwim because Michael will be coming at it knowing what facets of the platform are useful for the major strategies that our members are actively trading and discussing in our meetings. Michael will give a detailed Hands-on Demo and Walkabout in ThinkOrSwim. He will show how to set up Quotes, Order Entry and Order Analysis, price slices and 'greeks'. Conditional orders will be included if time permits. He will show how to enter options spreads with multiple legs, typically used in income strategies. He will show how to model graphically the future evolution of spread positions under a range of movements of the underlying. Turning to customization, he will show how to move data to and from an external spreadsheet for analysis. ThinkOrSwim includes a tool called ThinkScript, which allows adding your own studies and strategies to the platform. Time permitting, our speaker will briefly introduce it. We can plan a later follow-on meeting to go into it in more detail. Michael considers himself a relative newbie, with a couple of years of fairly active trading. He says that he is a "work-in-progress". All the better, in our view, to demonstrate use of the platform to those who may be less familiar with it. Most of all, Michael will aim to convey the ready usability that ThinkOrSwim provides to new traders, which makes it so popular. Michael 's talk will take the first hour of the meeting. In the second hour, we will have a panel discussion on how some of our members are planning on Trading this year 2018, to round out the level of the meeting.

Cameron Village Regional Library

1930 Clark Ave. · Raleigh , NC