Review of Chapter 9 – Tools of the Trade – @investorslive Tandem Trader

Link to notes and review of Chapter 1

Link to notes and review of Chapter 2

Link to notes and review of Chapter 3

Link to notes and review of Chapter 4

Link to notes and review of Chapter 5

Link to notes and review of Chapter 6

Link to notes and review of Chapter 7

Link to notes and review of Chapter 8

Link to notes and review of Chapter 9

PAID AFFILIATE LINK to Tandem Trader DVD

Summary:

This is the last chapter and is obviously setup to fulfill a need of tying up a bunch of loose ends and random, but probably frequent questions Nate and others at IU get.

Myself I did not gain a ton from this chapter, but I have been in the IU “community” for 5+ years. So even though I didnt learn a bunch, that by no means there is not good info. I literally got two emails just last night with questions that would have been answered in this chapter. So for sure if you are a new trader or new to momentum stocks or the IU community its well worth the watch.

Topics covered include:

  • Trade on the Fly – Michelle’s swing trading watchlists/webinars and chat room
  • A quick tour of Nates desktop setup – I did like this, I’ve been tweaking my DAS setup forever, and liked to see how he laid his out.
  • Brokers – See notes below
  • A list of simple but HIGHLY useful chatroom tips/tweaks. Again these are simple things, but it probably took me months to figure them out on my own way back when. Nate gives them all you you in about 2 minutes.

If you have read through any or even better all of these reviews I appreciate your valuable time. I’m sure you can tell this DVD would be highly recommended by me. But I will be doing a 5 minute video review of the entire DVD this weekend. I will be posting it here, twitter and youtube.

If you got any value out of these posts please follow me on twitter: @tbohen

Notes:

Chapter 9: Tools of the Trade

-Trade on the Fly – Michelle – tradeonthefly.com
Swing trading
-Step back – bigger picture
“look to the left to help you see the right”
Never stop learning – key to being a CPT
Find your niche – momo,swing, etc

-Nates Desktop
Tweetdeck
Das
EquityFeed
-HOD

-Brokers
-Centerpoint
30K minimum for members
Quantex – borrows
Commitment to have the best clearing firms
Goal is to give an edge to customers
Another goal to offer ANY stock to borrow
DAS/Sterling/Realtick
Locates/Routes
High touch customer service

-Speedtrader
Pro
ETC
High borrow rate with low or no borrow fees
10K borrow list +3K available to locate
Free DAS w/$499 in commissions
ECN rebates

-Suretrader
Offshore/international
Options for under PDT
6-1 leverage
DAS platform
Cool backstory on Guy Gentile/Owner
History of poor customer service has greatly improved – growing pains

-Email Nate/IU if opening a new broker, deals/referrals etc

-Chatroom tips
-Lot of little basic but good tips, especially for new users
-popout
-format window
-timestamps
-room join/left
-Filter by user

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