so what is thinkorswim on-demand in this
video I'm gonna go over the basics of
thinkers from on-demand and show you a
few tricks to make it a very powerful
tool hey how's it going on this channel
you will learn the steps I took to go
from trading with a full-time job to
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new here consider it subscribing and
today we're gonna over think or swim on
demand so what is the on demand tool
well the on demand tool reverses time
and allows you to essentially do
anything that you want if you were in
that exact moment now the price action
doesn't change and move exactly like how
it did in real time because this is
stored data but it's really similar and
so this is a powerful way to test
strategies in real time if you weren't
able to do that in a paper trading
account before we dive into the program
I want to first say when you're logging
in you might want to increase your RAM
usage for thinkorswim this will just
help when you're using the platform in
general the on demand feature takes a
lot of memory up as well you're gonna
want to either increase the RAM usage
you have or sometimes it helps to close
out of thinkorswim in general and
restart it I know I've had issues where
on demand features having trouble
working and if I close out of toss Andry
log back in it'll help a ton so to
increase your RAM usage just in the log
in screen you want to go to the gear
down here and it'll be at the bottom
under memory usage I would suggest
increasing that to whatever your
computer can handle because it will
improve your experience and toss overall
and really help with the on-demand
system once you've selected what you
want just hit save and then log into
your account so when you first log in
the on-demand feature is going to be at
the top right of your screen and when
you click on that it's going to shift
your account into a virtual trading
account and it's going to come up here
with a few options that you can do and
then you can go up here and you can see
that you are given buying power and
100 K for essentially virtual trading on
this on-demand feature now how this
whole system works is you can see at the
top right it is now bring up a date and
time and that's really how you jump
around between times and really look at
different charts you're wanting to look
at and different time frames you're
wanting to look at so if we go to a
chart we can have this on-demand feature
and we can tell it to go back to any
date we won even months ago or years ago
sadly you can't go in the future but it
still has those dates but you can go to
any month or time in those days and then
look at the charts at those times so if
we wanted to go to maybe the 6:30 the
market open of a day where maybe we
thought that oh that was a signal that I
could have bought looking back on it but
you know hindsight 2020 doesn't always
work and so it's kind of nice to be able
to go back into the exact moment and see
if oh what I have actually taken that
trade if I was there how you do that is
if we just wanted to go to you know this
Monday the 27th we would make sure we
wanted the time to be at exactly 6:30
and then we would click go and then up
here you can see it buffers I think I
pre buffered this o as quickly but
sometimes it'll take a long time to
buffer it so you might have to wait a
few minutes to buffer the whole chart
also if your buffering a chart of maybe
a 5 minute chart but over a hundred and
eighty days that's a lot more data than
just a 1-minute chart of a whole day so
definitely make sure that your not
charting a huge amount of data or maybe
three or four different charts at a time
it will take longer and longer now you
don't have to be looking at this in a
1-minute chart you can do it for
whatever strategy you're wanting but
just for the sake of this tutorial and
seeing price action move quickly it's a
lot easier to do that on a one-minute
chart so we can zoom in to this
one-minute chart opening candle and you
can see that the price is moving up and
down pretty quickly
and price won't always move exactly how
it did in real time but I do want to
stress that again this is a simulation
but with real data it's still a
simulation and not the exact same as
what trading in the market would really
be like one important thing I think you
can really learn from watching this
virtual trader is seeing how EMA's move
in real time and being able to watch how
those work if you have a trading plan
that follows EMA's Annie Mae can get
changed a lot by let's say this huge
candle right here it can be pulled way
down like this ma is all the way down
here and if your strategy is based on an
EMA cross you can get a lot of false
readings in real time if you're using
that candle and just using this virtual
trader and looking at those volatile
moments in real time you can maybe
better your understanding and skip out
on those fake signals that would have
got you into maybe a losing trade or
maybe got you into a winning trade that
you would have missed out on now for
those of you who also do options the
virtual trader also stores that data so
if you go to the trade tab you can see
that there's the options chain as well
and so you can see what the options
pricing is in real time so maybe if you
were going to buy an option or you were
wanting to do a trade a few days ago and
then the price of that stock skyrocketed
and you wanted to potentially see what
you were gonna buy a net and to see how
that trade would have worked out you can
go into this virtual trader on-demand
trader and look at the option pricing of
that again you can also trade and buy
options so I could just go in here and
buy a call on Netflix and get filled at
that and then I can see that I have a
position down here of 10 Netflix calls
and I can go to the chart and watch that
go up as well with the on-demand feature
now really the awesome part about this
is just that you have all that data
available to look
back on and then you can test all your
stuff in real time if you want to reset
either the time so if I wanted to reset
back at 6:30 if I missed that opening I
can go up here and click this reset time
and it will buffer and then reset back
at that last date I had so it actually
reset at the last date that it's
available and then reset at 6:30 so I
can then go back to whatever daytime one
and another thing you can reset is your
account so if you blew through all your
money you can go reset account and it
will reset up here to that starting 100k
for your account a thanks for trying on
this video if you want to learn more
about the thinkorswim platform or just
trading the stock market in general make
sure to hit that subscribe button if you
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