so I'm currently looking for a new stockbroker and today I'm taking a look
here at E Trade in their new platform from options house and kind of getting
an idea of what's going on with this platform and is it something that I
could use for day trading go talk about it in this video so stay tuned what's
going on guys so today you were taking a look at a trade and like I said I'm
looking for a new broker I'm not sure who I'm gonna pick but I'm really
looking for the broker with the best kind of deals maybe some free trades I'm
looking for the best platform and then just kind of overall customer service
and stuff like that so first off I'm not getting any type of promotional benefit
out of talking about e Trade in this video and I want to be honest with you
guys this is really the first time that I've used it I've opened it up and I'm
just gonna go through it and we'll kind of talk about what I think after looking
at it we'll discuss if this is something that I would use for day trading
recently e trade bought options house and now they're using the options house
platform it looks nice they want to make it look nice and simple and easy to use
the actual platform is a web based platform so right there it's already
gonna be limited and you can see this is basically everything you're gonna see
when you first pull up the platform and it gives you two options you can see
some charts here but overall it's just not very intuitive in the sense of
charting and getting everything that I need in level 2 and everything that I
want to see for my type of trading you know for a momentum kind of trading
stock stuff like that this is a very basic version of options house this is a
free version that etrade is offering to their clients now let's just kind of
break down what it takes for me to actually place one trade so we have a
chart pulled up here let's say I want to buy zs a in i want to buy here at the
ten dollar area and now what do I have to do to make that trade I got to go up
here I'm gonna click trade I got to go into here I gotta change my quantity and
now I gotta go here and change this stuff around and I basically press
preview so I don't have any money in this account right now but just kind of
give you an idea of how many steps it does take to actually place an order so
if I wanted to buy fast and sell fast with hockey's it doesn't
look like I have that option so that's a big big problem if I'm trying to day
trade and I want to be very competitive in these fast moving stocks not having
hotkeys is gonna be a big issue now I don't really trade much option stuff I
do kind of like this quote window where it tells you the fundamentals gives you
guys some ideas on the news and gives you everything in there but overall I
don't really need that in my trading platform this is more for somebody who's
just kind of investing and wanting to buy stocks every once in a while I
wouldn't say that this platform is meant for people who are day trading you know
very actively someone who's trading three four or five times a day making
trades in and out fast I'm not sure that this options house platform is the right
choice for that see if we can get some options pull it up here so looking at
GoPro it'll give me the options window here give me the calls give me the puts
and give me information there I can change the strike dates and then go
through here and change all that stuff so if you're really into trading options
this might be a good platform for you I'm not very big into options so I'm not
100% sure what exactly is the best tools for trading options so I can go in here
and build a strategy you know actually kind of tell me my risk reward my
probability and all that kind of stuff that's kind of cool interesting it's
kind of interesting I have the option over here to add my little market viewer
got a broken so there we go alright so now I can go over here add my market
view or add stuff I'm looking at over there
going back to the quote the charts and the options so we have those different
things that I can use so check it out the scanner here I can go here to let's
say let's run the scan trades at 52-week high and it'll give me all the different
stocks are trading a 52-week high which is that's not a bad feature I would
actually maybe use this feature and then also use another type of trading
platform maybe like a - trader Pro but then use maybe this scanning feature to
figure out stuff that's going on I can go in there and change all some rounds
kind of cool gap up on high-volume showing me stocks that are gapping up on
high-volume I can go over here to trade now it's gonna pull up this
be you in I'm gonna hear chart pull the chart and I can look at the chart be see
you in making a big move today and that's kind of cool if I go to markets
go to live action it'll pop up these different scanners largest number of
trades on the day looks like Netflix is the most active on the day right now
Netflix up 2.8 percent today up $8 nice little move there on Netflix so I do I
do like this feature like I said this is my first time really using this platform
and kind of going through it with you guys breaking down kind of what I see
what I might want to use in the future and then kind of seeing if I would use
this but I do like this option to have these schemes which is kind of cool just
very simple and easy so I do like that feature I'm not gonna hate on that
feature that might be a good little feature to have it's a free platform and
you can get these different scans quick and easy so if you're not looking to pay
$100 a month for like something like trade ideas you can use this each trade
options house platform which is free and open an account with each trade and then
use this scanning features that they have also giving me some of the news
there so there's all kinds of stuff going on inside this platform again it
could be great for someone who's in a swing trading or someone who's just
investing something who's buying and selling stocks every once in a while but
I think for the active day trader for someone who's really in these crazy
stocks that go up really big and crash really big stuff like that this might
not be the platform for you I'm definitely not going to be using options
housed personally for that type of trading maybe I'll use it for my kind of
sweet trade and stuff like that maybe open an e trade account just for swing
trading alone cuz this is a pretty cool platform for that option but when it
comes to actually buying and selling these volatile crazy movers I would not
be using options house cuz I really want to see levels I really want to have my
hotkeys and I want to go to get in and out rates fast I don't want to click
through menus I don't want to move and click and figure stuff out and have all
these options so really I know - trader Pro looks like it's from 1999 but really
it's just very simple and very easy to use it's all you really need you just
need to click click done done in and out fast but being able to you know but
having to go through these different menus and click all this different stuff
and change options around every time you trade not something that I want to be
doing when I'm trading these crazy volatile stocks so there it is checking
out the new option South's platform from etrade a
pretty cool platform for most people investors swing traders this could be a
great platform for you but I'm gonna be looking for something a little bit more
advanced a little bit more active trader is she but I'm gonna be looking for
something a little bit more advanced something that I can use hotkeys I can
get in and out fast for and this is not the one for me