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I've been watching the markets for about two years now. Dived in this month trading e-mini S&P futures. I'm using thinkorswim because I'm comfortable with the feel of it and the thinkscript language. Starting trading for real has caused me to notice a few things. Thinkorswim doesn't seem to have real depth of market for futures, just a top layer. Also, commissions kind of suck there. I average about ten round trip trades a day, which might be too much not sure yet, but I'm profitable. Other platforms seem to have a better data feed and maybe less commissions but a monthly fee. Overall, does it all even out? Is there a break even point?
Can you help answer these questions from other members on NexusFi?
I was in your shoes. Started with TOS for live paper trading with zero cost. It was great to get my feet wet.
Once I started live trading, I shopped around and went with Ninjatrader. Its lightning fast (at least for what I do) compared to TOS and commissions are way less. Ended up getting a lifetime license. I recovered the license cost in no time given the commission difference between NT and TOS.
Do you subscribe to a data feed with ninjatrader then? I see that if you buy the lifetime license you get a great commission rate. Do you use TOS for orders any longer or solely NT?
Yes, I am subscribed to Continuum. I trade only the ES. So, CME Data is $7/Month (Add another $5/month if you use TICK/TRIN, but you can get that from TOS for free.). I use only NT for orders.
