Moreover, in the default layout, the menu window isn’t expanded completely. Should have watched the video before commenting. 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. Instead, you’ll need to open a brokerage account with a firm that has a relationship with Sterling. Sterling Squawk is the company’s monthly newsletter. Your email address will not be published. This is a common practice in the industry. 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. Drop-down selections include start and end times, urgency, settlement type, destination, and algo. Journal of Applied Finance , Vol. Therefore, Centerpoint Securities is right in the middle between Interactive Brokers and Lightspeed Trading. Your email address will not be published. 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. The software can sort stocks from highest rated to lowest. But it is possible to link them. Thanks to this community, it now feels like I've been given the keys to absolute freedom. This reiterates that consistently making money trading stocks is not easy. Sterling Trader Pro is a state-of-the-art equity trading platform that gives traders a massive amount of customizable options and is favored by a lot of professional prop desks. Finally, Sterling has an extensive YouTube channel. For those that use the charting software included in their platform, Sterling in my opinion would be better. To use its software, you have to go through a participating broker. 15, No. Sterling Trader Pro This platform is designed for active traders and professionals who work with the rapidly moving electronic markets. An alert is sent in real-time via text message or e-mail. Vision Financial Markets is a … Standard slate of day trading features, inclu… Please note: the following information was provided as a courtesy of Warrior Trading students. The platform is a white-label software. Sterling has a user-friendly platform built using the programming language C++. They include: An Elite version of the platform is available for institutions. Level II quotes are color-coded, and there’s a watchlist. Thanks for posting this Ross. They are well known for being able to lend to […]. Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. The broker waives the monthly fee entirely for accounts that trade 300,000 shares. It is widely used by active individual day traders , proprietary trading firms and institutional traders. These include: Charting has a simple interface. FUTURES TRADING. Ross Cameron’s experience with trading is not typical, nor is the experience of students featured in testimonials. Sterling hosts extensive user guides for its software on its website. This is an advanced desktop program that offers many features day and swing traders need. I have messed around with multiple layouts and much prefer the way you set things up. The TipRanks window shows the most recent date for a stock’s grade along with a price target. In a research paper published in 2014 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day. 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. And it’s possible to customize option chains with various settings. Through Vision, customers can trade stocks (including ETFs) and options on U.S. markets. Some of the notable highlights include: Charting on Pro comes with a lot of advanced tools. Sterling Trader Pro provides an all-in-one solution for futures traders with our Futures Order Entry functionality. Despite Fusion’s simplicity, it does have some advanced features. The WT Sim platform is based on the Sterling platform, but the layouts in the WT Sim are not compatible with live platforms such as Sterling Pro at CMEG or Lightspeed.. Available at SSRN: https://ssrn.com/abstract=908615, Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578. The software comes with sophisticated tools that option traders need. Sterling Trading Tech is not a brokerage firm. Charting on LST offers several technical studies, two display styles (OHLC bars and candles), and multiple drawing tools. 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. Downloadable Files (Not Intended for the Warrior Trading Sim), Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service 3.1 Summary dough is a new low-cost brokerage firm. Available research data suggests that most day traders are NOT profitable. Your privacy is our priority. Besides order entry, the company has tools for risk management, trade reporting, calculating margin requirements, and much more. With Warrior Trading’s mentorship and my investment knowledge prior to coming on-board, I developed my own short term swing trading strategy. News articles have their own section, and there’s a watchlist, too. Options can be traded on the platform, too. Sterling Trader® Pro Sterling Pro features a multi-layered suite of trading and analytical tools designed for the needs of todays professional trader. The platform is fully customizable to the needs of individual traders to deliver a singular, exceptional trading experience. At TraderEquity™ we use one of the most widely used professional trading platform in the industry, Sterling Trader® Pro. Sterling Trading Tech is a broker-neutral service bureau, providing network and trading technology to financial institutions and professional traders around the world. Custom layouts can be saved. This is the Lightspeed Trader desktop platform, for those of you who have traded at Lightspeed. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636, Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. The most advanced software the brokerage firm offers (and the most expensive) is Sterling Trader Pro. You can’t trade through Sterling. Named Livevol X at other brokers, Sterling’s VolTrader software offers very advanced options tools. Through Vision, customers can trade stocks (including ETFs) and options on U.S. markets. At Lightspeed, traders pay anywhere from $230 to $260 for the Pro platform. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity. It’s a software company that sells its trading tools to brokers, who in turn sell them to customers. More on those later. Sterling offers a cloud-based calculation system for trading groups that performs a variety of functions. Overall Sterling Trader is a great platform that links to some of my favorite brokers. (2014). Then you’ll be able to access Sterling’s software. Sterling’s tools are quite advanced with many useful features, which means sophisticated traders will want to keep reading. I am really impressed with quality of their platform and would definitely recommend it. They are experienced traders. Sterling Trader Pro gives traders the performance and functionality they need to compete in today’s markets. This is an advanced desktop program that offers many features day and swing traders need. The downside of CMEG is that it only offers equity trading. Sterling Trader Pro. And what are the details of the software programs? 2020 Earnings & Broker Statements – 2019 Earnings & Broker Statements – 2018 Earnings & Broker Statements – 2017 Earnings & Broker Statements, Billing & General Support – [email protected], Warrior Trading, PO Box 330, Great Barrington, MA 01230 With funding from tastytrade, Inc., the new Chicago startup provides a fresh take on trading and investment education. Some of the brokerage houses that offer Sterling Trader Pro include: Cobra Trading charges $200 per month to use Sterling Trader Pro. Includes advanced pinpoint accuracy for order routing and management and real-time profit/loss capabilities, making it particularly suitable for trading groups. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. For more information, please read our privacy policy. Customers who generate $499 or more in commissions get the software for free. Alternatively, an alert can be sent to one of the broker’s platforms. Furthermore, the mobile experience is poor and overall the platform fails to deliver when compared to using a broker such as Interactive Brokers or TradeStation directly. The program has a simple interface with large icons. A keyword search tool makes finding topics easy. Sterling Trader Pro is a full-featured Level II direct access trading platform designed for professionals who work with the rapidly moving electronic markets. Charts offer a great deal of customization, including an almost infinite number of colors. Sterling also has a browser platform and mobile app. For trading groups that focus on stocks and options, Sterling offers the LST platform. Sterling Trading Tech is a software company that markets several trading platforms for both institutions and individual traders. There are discrete buttons for buy to cover and sell short. SSRN Electronic Journal. 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. During my research, I found Level II option quotes and multi-leg strategies like strangles and straddles. Sterling Trader Pro is used by traders worldwide. Our advanced trading tools and state of the art global network make Sterling Trader the broker network of choice. Copyright © 2020 Warrior Trading™ All rights reserved. It delivers advanced stock, options, and futures trading tools in a desktop package. Sterling Trader® Pro provides the powerful options trading tools required by professional options traders worldwide, including both single-leg and complex options order functionality. We've incorporated our order staging platform, Order Desk Manager, our complete suite of algorithmic destinations, and access to our global trading regions. Also it using for prop firms. One of these tools is TipRanks. But a window can be expanded full-screen, and there are multiple graph styles. 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. 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 The lack of brokerage services directly through Sterling and the rather steep prices seem to be the primary downsides. I think trading is the only place in life where I can say I am totally responsible for my outcomes...That’s huge in a world where previously waiting on someone else to make decisions about my income felt like a prison. Key Sterling Trader Pro Features. By clicking OK, you agree to allow us to collect information through cookies. Videos demonstrate how to use the company’s platforms. Sterling Trader is a broker-neutral service bureau, providing network and trading technology to financial institutions and professional traders around the world. In the default layout, windows are not linked, and I found this setup to be a slight nuisance. Sterling Trader Pro. Please find more information on the cookies used on our site in our Privacy Policy. 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. And level II data appears at the bottom of the order window. If you do not agree with any term of provision of our Terms and Conditions you should not use our Site, Services, Content or Information. A small chart is available with 30 technical studies. Easily import your trades over into the trading journal from the following list of Trading Platforms or Broker. Sterling Trader Pro. The software’s order ticket offers direct-access routing. Add-ons are available for Sterling’s software. Sterling Trader® Elite is the platform of choice for firms and traders with more sophisticated needs. Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. Sterling Trading Tech offers a lot of advanced software that day and swing traders should take note of. In addition to direct-access routing and sophisticated charting, the platform provides stock scanners that use real-time data. This means a broker that buys a license from Sterling can put its label on the program. 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. Technical indicators can be overlaid as well. Here they are: Sterling Trader Pro is the company’s crown jewel. 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