1-530-723-5499. It provides a few services not available on the regular platform. Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. IB’s traders are now able to use the Sterling Trader Pro, Sterling Trader Elite and Sterling VolTrader platforms. DAS Trader Pro and Sterling Trader Pro are the platforms offered. Any trade or investment is at your own risk. Therefore, Centerpoint Securities is right in the middle between Interactive Brokers and Lightspeed Trading. Required fields are marked *. In this light, it would be huge to learn what you (Ross) subscribe to (or generally would recommend) from Lightspeed’s list on page sterlingtradingtech.com/products-and-services/platform-features/market-data/. They are experienced traders. Custom layouts can be saved. The former comes with several tools day traders will like. The lack of brokerage services directly through Sterling and the rather steep prices seem to be the primary downsides. A security scanner on VolTrader offers a lot of search variables. I had a job I didn't really like and I was forced to live five thousand miles away from my home Country...After joining Warrior Trading, I can trade from anywhere and my income is more than doubled. This is an advanced desktop program that offers many features day and swing traders need. Finding the right brokerage firm […], Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Order Execution 4.8 CenterPoint Securities is a stockbroker that was created with the sophisticated trader in mind that also charges highly competitive pricing and brokerage fees compared with other brokers. These include algorithmic trading and access to a few foreign stock markets, including Toronto and Shanghai. It’s possible to chart multiple stocks with multiple windows using tabs at the bottom of the charting window. Direct market access offered with the ability to route to more than 50 market makers. Your email address will not be published. Sterling also has a browser platform and mobile app. Should have watched the video before commenting. (2014). Another add-on is alerts. Alternatively, an alert can be sent to one of the broker’s platforms. The software also has a short locate feature. For more information, please read our privacy policy. With funding from tastytrade, Inc., the new Chicago startup provides a fresh take on trading and investment education. Please find more information on the cookies used on our site in our Privacy Policy. The powerful performance and configurability give traders complete control over their trading. Some of the notable highlights include: Charting on Pro comes with a lot of advanced tools. Charting on LST offers several technical studies, two display styles (OHLC bars and candles), and multiple drawing tools. Level II quotes are color-coded, and there’s a watchlist. Copyright © 2020 Warrior Trading™ All rights reserved. It delivers advanced stock, options, and futures trading tools in a desktop package. Besides risk analysis tools, such as margin calculations, the software can calculate Greek values and volatility shifts. Drop-down selections include start and end times, urgency, settlement type, destination, and algo. @ab_trader said in Sterling Trader Pro: Probably it is quite expensive and therefore rarely used platform, never heard about it during my trading journey. Add-ons are available for Sterling’s software. I now have full autonomy. It’s flexible, cutting edge technical architecture offers … They offer intuitive stock charts with plenty of technical indicators and tools for customizing your charts. Includes advanced pinpoint accuracy for order routing and management and real-time profit/loss capabilities, making it particularly suitable for trading groups. An alert is sent in real-time via text message or e-mail. With real-time data feed technology, managed and hosted solutions, and a responsive team that aims to offer only the best, the DAS Trader Pro platform is an excellent option. The order ticket offers several market venues to choose from. FUTURES TRADING. The $583.15 to $1,000,000 Trading Challenge – Real Money & Fully Verified The company’s mobile app offers features that other mobile apps don’t. I can’t thank you enough for posting your Hot Keys as well! Sterling Trader Pro. Sterling Trader Pro, developed by Sterling Trading Tech (not a brokers but a trading software developer), is one of the two most popular direct access trading software for trading stocks. And what are the details of the software programs? This makes trade management easy. One of these tools is TipRanks. Sterling Risk Engine (“SRE”) is a robust, real time, cloud-based, post-trade market risk and regulatory margin haircut calculation system for clearing firms, broker/dealers, prop or retail trading firms and hedge funds. 2, Fall/Winter 2005. Sterling Trader® Pro. We've incorporated our order staging platform, Order Desk Manager, our complete suite of algorithmic destinations, and access to our global trading regions. Price and volatility can be charted. Sterling’s tools are quite advanced with many useful features, which means sophisticated traders will want to keep reading. This is a common practice in the industry. And it’s possible to go to execution with a single keystroke. Fully Funded Path (Web subscribers only) use our own custom web platform, for more information CLICK HERE. The service offers analyst rankings along with buy, hold, and sell recommendations. Citadel. All Rights Reserved. From a functional standpoint, both Sterling and DAS are equally fast and equally reliable. The platform is fully customizable to the needs of individual traders to deliver a singular, exceptional trading experience. Despite Fusion’s simplicity, it does have some advanced features. Webull Review 2020 | Better Than Robinhood? Then you’ll be able to access Sterling’s software. A discrete short button can be used to submit a sell short order. The main trading platform offered by Interactive Brokers is the proprietary Traders Workstation (TWS). Sterling Trader Pro gives traders the performance and functionality they need to compete in today’s markets. Ross Cameron’s experience with trading is not typical, nor is the experience of students featured in testimonials. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. Technical indicators can be overlaid as well. The downside of CMEG is that it only offers equity trading. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions. Prices and exact tools may vary from broker to broker. More on those later. DAS Trader pro costs $120 per month while the base terminal fee will be waived if >200k shares are traded in any given month. Sterling Trader Pro This platform is designed for active traders and professionals who work with the rapidly moving electronic markets. Sterling Trader Pro. This reiterates that consistently making money trading stocks is not easy. For beginners, Sterling offers a user-friendly platform designed with a simple interface and the bare essentials. The closest comparison to Sterling Trader is DAS Trader. From an API solution to compliance software, institutions will find a lot of helpful resources here. And level II data appears at the bottom of the order window. ... Sterling Trader® Pro Sterling Trader® Manager Benefits: 1. I’ve used DAS Trader in the past and generally had good experiences with the platform, although subpar experiences with their customer support team. Do Day Traders Rationally Learn About Their Ability?. Copyright © 2001-2020, Lightspeed, LLC. Sterling Trader Elite is used by buy-side firms and hedge funds that need superior trading technology and sophisticated order management. Sterling Trader Pro delivers a feature-rich package of state-of-the-art equities and options trading tools designed to give traders complete control. Warrior Trading may publish testimonials or descriptions of past performance but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty or guarantee that similar results will be obtained by you. The company’s most popular program is Sterling Trader Pro. The software can sort stocks from highest rated to lowest. Common platfroms for such US brokers as Centerpoint. Sterling Trading Tech offers a lot of advanced software that day and swing traders should take note of. Sterling Squawk is the company’s monthly newsletter. Named Livevol X at other brokers, Sterling’s VolTrader software offers very advanced options tools. During my investigation, I found over 70 technical studies. Thanks for posting this Ross. Through Vision, customers can trade stocks (including ETFs) and options on U.S. markets. The broker waives the monthly fee entirely for accounts that trade 300,000 shares. Here they are: Sterling Trader Pro is the company’s crown jewel. In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders”, professors at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February 1998 and October 1999, only 35% were profitable and only 14% generated profits in excess of than $10,000. Besides order entry, the company has tools for risk management, trade reporting, calculating margin requirements, and much more. You can’t trade through Sterling. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636, Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Our website uses cookies to improve the performance of our site, to analyze the traffic to our site, and to personalize your experience of the site. For order placement, there is a trade ticket integrated with the Level II window. Sterling Trader® Pro is a multi-purpose front-end direct access trading platform equipped with a list of specifically designed and distinctive features. DAS Trader Pro is a direct access trading platform with advanced order types, charting, and multi-account management in a real-time environment. Capital Markets Elite Group charges $99 per month, which is a huge discount. This is an advanced desktop program that offers many features day and swing traders need. Sterling Trader Pro is used by over 5,000 professional traders worldwide to trade equities, options, and futures. Sterling Trader® Elite is the platform of choice for firms and traders with more sophisticated needs. Options can be traded on the platform, too. 2. For professionals, hedge funds, and other institutional traders, Sterling has a whole suite of software. This means a broker that buys a license from Sterling can put its label on the program. The TipRanks window shows the most recent date for a stock’s grade along with a price target. More than 50 execution routes and venues including DMA, Dark liquidity providers, Market Makers, Floor brokers and Smart routes The most widely used professional trading platforms in the industry – Sterling Trader® Pro and Lightspeed Trader It is widely used by active individual day traders , proprietary trading firms and institutional traders. Available research data suggests that most day traders are NOT profitable. Journal of Applied Finance , Vol. Sterling Trader® Pro Sterling Pro features a multi-layered suite of trading and analytical tools designed for the needs of todays professional trader. Sterling Trading Tech is a broker-neutral service bureau, providing network and trading technology to financial institutions and professional traders around the world. Sterling Trader Pro is used by traders worldwide. But a window can be expanded full-screen, and there are multiple graph styles. I have messed around with multiple layouts and much prefer the way you set things up. You must be an Sterling Subscriber on Fully Funded Path or live trader to have access to Sterling Trader Pro. With real-time data feed technology, managed and hosted solutions, and a responsive team that aims to offer only the best, the DAS Trader Pro platform is an excellent option. Your privacy is our priority. They include: An Elite version of the platform is available for institutions. In the default layout, windows are not linked, and I found this setup to be a slight nuisance. Sterling Trader Pro provides an all-in-one solution for futures traders with our Futures Order Entry functionality. But it is possible to link them. A “what-if” modeling tool gives users the ability to see strike-specific opportunities on a chart. You can control cookies through your browser settings. After 3 years of trading as a student my portfolio has net more than $230k...For year 2019, in less than 6 months I’ve net more than 140k. Waives the monthly fee entirely for accounts that trade 300,000 shares few services not available on the program a... Their platform, too of technical indicators and tools for risk management, trade reporting calculating. On its site for software upgrades risk analysis tools, such as margin calculations the! Market access but is average-at-best when it comes to total features offered short! 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