Thinkorswim For Mac
With the thinkorswim Mobile app, you can trade with the power of your desktop in the palm of your hand. Invest through your iPhone, iPad, and Apple Watch™, with one of the top rated trading apps that lets you place commission free stock, ETF, and option trades easily and securely. The Mac Pro has inferior specs to the Windows tower I'm currently using but after this experience I'm thinking that the Mac Pro might leave this Windows computer in the dust. I don't know - has anyone had a similar experience to this - or any experience at all with both a Windows computer and Apple computer running ToS? Thinkorswim has been. ThinkorSwim is owned by TD Ameritrade, TD Ameritrade is an American online broker based in Omaha, Nebraska. TD Ameritrade Holding Corporation (NYSE: AMTD) is the owner of TD Ameritrade Inc. Services offered include common and preferred stocks, futures, ETFs, option trades, mutual funds, fixed income, margin lending, and cash management services.
In this tutorial, I'll be showing you how to setup ThinkorSwim platform as well as monitoring your portfolio.
Let’s explore the Monitor section today.
Login Screen
This is how the login screen would look like when you click on the ThinkorSwim icon.Let’s click on the “Settings” gear in the bottom left of the login screen to open a settings menu like the following:
You can choose the following:
- Language
- Color Scheme: I prefer dark here, feel free to explore
- Font size: There’s small to Extra large
- Proxy: This is not required unless you connect to the Internet via a proxy
- Memory Usage
- This is a very important setting. It tells ThinkOrSwim how much memory it can allocate, as with anything else, the more the better. Depending on how much RAM you have installed on your PC choose this to give it a nice chunk of memory.
Click on the Monitor Section and Activity and Positions sub section. This is your main screen where you’ll be monitoring your positions and make adjustments to them as necessary. The section is split into two panes,
- Trade Activity
- This shows the orders that you have performed in the current trading day.
- Any open orders will show up here for modifications
- This also maintains a log of the current trading days’ list of orders.
Next up is the Position Statement pane, click on the Show action menu at the right end of this line and make sure your settings align with the following,
Important things to note in this are the following:
- New Layout is selected
- Show groups is selected
- Group Symbols by -> None
- Arrange positions -> Order
You can also additionally add groups from the same menu and move positions that you have to various groups.
For example, this is my groups layout:
The nomenclature if as follows,
Thinkorswim Mac Freeze
- Mine: These are my current month option plays
- Mine - Next: These are the next month rolling option plays
- Mine - Farout: These are my LEAPs are far out option plays
- Core: This is my Core stock position, dividend stocks, large cap etc.
- Stock: Any stocks that I own which aren’t my Core position
- Futures: These are for futures plays, hopefully we will get to Futures in another article like this.
- Expiring: Think of this as the recycle bin for the options
- Unallocated: Any new trades you do will start appearing here.