If You want to Trade with the Big Boys You Need the Right Tools
Just like you won’t go to war without guns and tanks, if you want to day trade you must have the right tools. Every day is a battle and those on the other side of the trade is your enemy.
The person with the faster tool can get a better price and get out of a stock faster if things go wrong. Makes me laugh when people attempt to trade using a web based platform. Although many of these tools have improved, many do require you to type in the share amount and price.
In a fast moving market you can’t manually type in the price fast enough to follow a stock and most likely will miss the trade unless you go with a market order.
The trading software I’ve been using for the last 10 years is called Quote Tracker It’s totally free and integrates with most of the online brokers. The best part about QT is that is creates intra-day charts from the quote data it receives.
QT also has a trade window that follows the bid or ask price on any stock which then allows for 1 click trading. With streaming quotes and level 2 quotes, Quote Tracker is more than enough for any trader to compete in the battle field.
