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Re: Tradestation Securities
New Traders,
I have using TS for several years going back to when they were known as Omega Research. I have test several data providers and trading platforms such as CyberTrader, RealTick, and others over the years.
When you began pursuing trading, I am assuming your focus was on “learning to trade”. With that being said, you might want to focus a lot less on commissions and more importantly on the quality of data from the provider, their downtime, execution capabilities (such as Order Cancel Order, Order Sends Order,…), their risk management tools for preserving your capital (dollar-based and percentage-based stop-loss capabilities, trailing stops,…) and the ease of using these tools.
Experienced traders know that commissions and fees are just the cost of doing business. It is more important to be able to enter, exit, and get filled with your trades according to your trading plan that really matters most.
These are the more important trading components you must and will need to hone your trading craft. The lack there of or ineffective execution of these tools will more than offset the savings of commissions any day. Commissions are usually important for scalp traders who conduct 100’s of trades per day.
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