Includes advanced pinpoint accuracy for order routing and management and real-time profit/loss capabilities, making it particularly suitable for trading groups. Sterling Risk Engine (“SRE”) is a robust, real time, cloud-based, post-trade market risk and regulatory margin haircut calculation system for clearing firms, broker/dealers, prop or retail trading firms and hedge funds. Custom layouts can be saved. An alert is sent in real-time via text message or e-mail. Sterling’s software can be used for a variety of purposes. The broker waives the monthly fee entirely for accounts that trade 300,000 shares. Day Trading is a high risk activity and can result in the loss of your entire investment. Overall Sterling Trader is a great platform that links to some of my favorite brokers. Fully Funded Path (Web subscribers only) use our own custom web platform, for more information CLICK HERE. Sterling Trader Pro gives traders the performance and functionality they need to compete in today’s markets. But a window can be expanded full-screen, and there are multiple graph styles. Add-ons are available for Sterling’s software. In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619. The most advanced software the brokerage firm offers (and the most expensive) is Sterling Trader Pro. VolTrader has an algorithmic trading order ticket. News articles have their own section, and there’s a watchlist, too. With LST, there are several ways to submit orders to the exchanges. Sterling Trading Tech offers a lot of advanced software that day and swing traders should take note of. They are experienced traders. DAS Trader pro costs $120 per month while the base terminal fee will be waived if >200k shares are traded in any given month. In addition to direct-access routing and sophisticated charting, the platform provides stock scanners that use real-time data. At TraderEquity™ we use one of the most widely used professional trading platform in the industry, Sterling Trader® Pro. Sterling Trader® Pro is a multi-purpose front-end direct access trading platform equipped with a list of specifically designed and distinctive features. More than 50 execution routes and venues including DMA, Dark liquidity providers, Market Makers, Floor brokers and Smart routes The most widely used professional trading platforms in the industry – Sterling Trader® Pro and Lightspeed Trader Capital Markets Elite Group charges $99 per month, which is a huge discount. During my investigation, I found over 70 technical studies. DAS Trader Pro and Sterling Trader Pro are the platforms offered. Sterling also has a browser platform and mobile app. From a functional standpoint, both Sterling and DAS are equally fast and equally reliable. Here's how we tested.. Day Trading, which is buying and selling shares during the same trading session, exploded in popularity back in the booming stock market of … The company’s mobile app offers features that other mobile apps don’t. Sterling Trader Pro is used by professional traders for trading equities, options, and futures and Sterling Trader Elite is used by buy-side firms and hedge funds. The closest comparison to Sterling Trader is DAS Trader. Sterling Trader Pro, developed by Sterling Trading Tech (not a brokers but a trading software developer), is one of the two most popular direct access trading software for trading stocks. The Elgato Stream Deck can work with the Warrior Trading Simulator (WT Sim) and other instances of Sterling Trader Pro used with Brokers like Capital Markets Elite Group (CMEG). 1-530-723-5499. Besides order entry, the company has tools for risk management, trade reporting, calculating margin requirements, and much more. These include: Charting has a simple interface. The main trading platform offered by Interactive Brokers is the proprietary Traders Workstation (TWS). And level II data appears at the bottom of the order window. Alternatively, an alert can be sent to one of the broker’s platforms. IB’s traders are now able to use the Sterling Trader Pro, Sterling Trader Elite and Sterling VolTrader platforms. If it’s sent to the browser platform, an audio alert will sound. 15, No. I think trading is the only place in life where I can say I am totally responsible for my outcomes...That’s huge in a world where previously waiting on someone else to make decisions about my income felt like a prison. Videos demonstrate how to use the company’s platforms. In the default layout, windows are not linked, and I found this setup to be a slight nuisance. Direct market access offered with the ability to route to more than 50 market makers. For trading groups that focus on stocks and options, Sterling offers the LST platform. Sterling Trader Pro is used by over 5,000 professional traders worldwide to trade equities, options, and futures. We've incorporated our order staging platform, Order Desk Manager, our complete suite of algorithmic destinations, and access to our global trading regions. This is an advanced desktop program that offers many features day and swing traders need. The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. I can’t thank you enough for posting your Hot Keys as well! And it’s possible to customize option chains with various settings. Please read our complete disclaimer. They include: An Elite version of the platform is available for institutions. Common platfroms for such US brokers as Centerpoint. Thanks for posting this Ross. Thanks to this community, it now feels like I've been given the keys to absolute freedom. The former comes with several tools day traders will like. The lack of brokerage services directly through Sterling and the rather steep prices seem to be the primary downsides. The platform is a white-label software. Do Day Traders Rationally Learn About Their Ability?. Price and volatility can be charted. Should have watched the video before commenting. Nice write up, I’ve appreciate the blog follow-ups to various YouTube Videos with Cross linking. This reiterates that consistently making money trading stocks is not easy. By clicking OK, you agree to allow us to collect information through cookies. Add-ons cost an extra $30 per month. They offer intuitive stock charts with plenty of technical indicators and tools for customizing your charts. Although customer support for Sterling’s tools is handled through the brokers, the software company does offer a few resources. With funding from tastytrade, Inc., the new Chicago startup provides a fresh take on trading and investment education. Level II quotes are color-coded, and there’s a watchlist. Warrior Trading may publish testimonials or descriptions of past performance but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty or guarantee that similar results will be obtained by you. Becoming an experienced trader takes hard work, dedication and a significant amount of time. One of these tools is TipRanks. A “what-if” modeling tool gives users the ability to see strike-specific opportunities on a chart. A basket-trading window offers the ability to transmit multiple orders for numerous ticker symbols simultaneously. Belzberg. Furthermore, the mobile experience is poor and overall the platform fails to deliver when compared to using a broker such as Interactive Brokers or TradeStation directly. Your email address will not be published. From an API solution to compliance software, institutions will find a lot of helpful resources here. The day’s gainers and losers, order flow, call/put ratio, and earnings are just a few criteria. Key Sterling Trader Pro Features. Charting on LST offers several technical studies, two display styles (OHLC bars and candles), and multiple drawing tools. I had a job I didn't really like and I was forced to live five thousand miles away from my home Country...After joining Warrior Trading, I can trade from anywhere and my income is more than doubled. The program has a simple interface with large icons. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions. I am really impressed with quality of their platform and would definitely recommend it. Charting comes with several graph styles, including table format, an unusual option. Citadel. ETFs and options are not available. The StockBrokers.com best online brokers 2020 review (10th annual) took six months to complete and produced over 30,000 words of research. This is a common practice in the industry. The downside of CMEG is that it only offers equity trading. Sterling Trader is a broker-neutral service bureau, providing network and trading technology to financial institutions and professional traders around the world. For beginners, Sterling offers a user-friendly platform designed with a simple interface and the bare essentials. Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal or investment advice. Also it using for prop firms. DAS Trader Pro is a direct access trading platform with advanced order types, charting, and multi-account management in a real-time environment. Downloadable Files (Not Intended for the Warrior Trading Sim), Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service 3.1 Summary dough is a new low-cost brokerage firm. On January 24th 2019 I started with $690 in my account...In March I made $4,433.89 and by April, my account was up 1,000%. The order ticket offers several market venues to choose from. At that point it is free. 2020 Earnings & Broker Statements – 2019 Earnings & Broker Statements – 2018 Earnings & Broker Statements – 2017 Earnings & Broker Statements, Billing & General Support – [email protected], Warrior Trading, PO Box 330, Great Barrington, MA 01230 The software comes with sophisticated tools that option traders need. For more information, please read our privacy policy. I now have full autonomy. For order placement, there is a trade ticket integrated with the Level II window. Sterling Trader Pro provides an all-in-one solution for futures traders with our Futures Order Entry functionality. Sterling’s tools are quite advanced with many useful features, which means sophisticated traders will want to keep reading. The software also has a short locate feature. Excellent! Some of the features I especially liked include: Option graphs are a unique feature on VolTrader. Sterling Trader Pro delivers a feature-rich package of state-of-the-art equities and options trading tools designed to give traders complete control. Easily import your trades over into the trading journal from the following list of Trading Platforms or Broker. Sterling hosts extensive user guides for its software on its website. Journal of Applied Finance , Vol. The TipRanks window shows the most recent date for a stock’s grade along with a price target. They are well known for being able to lend to […]. Please find more information on the cookies used on our site in our Privacy Policy. This is a common practice in the industry. Includes advanced pinpoint accuracy for order routing and management and real-time profit/loss capabilities, making it particularly suitable for trading groups. I’d made $6,900 in 42 trading days. Named Livevol X at other brokers, Sterling’s VolTrader software offers very advanced options tools. The DAS Trader Pro platform shines for its direct market access but is average-at-best when it comes to total features offered. Sterling Trader Pro is used by traders worldwide. Drop-down selections include start and end times, urgency, settlement type, destination, and algo. With Warrior Trading’s mentorship and my investment knowledge prior to coming on-board, I developed my own short term swing trading strategy. Sterling Trader® Pro Sterling Pro features a multi-layered suite of trading and analytical tools designed for the needs of todays professional trader. Available at SSRN: https://ssrn.com/abstract=908615, Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578. Your privacy is our priority. The powerful performance and configurability give traders complete control over their trading. Sterling Trader Pro. If you do not agree with any term of provision of our Terms and Conditions you should not use our Site, Services, Content or Information. It’s flexible, cutting edge technical architecture offers … Sterling Trader Pro is one of the leading direct-access trading platforms in the industry for trading equities and options. Options can be traded on the platform, too. Finding the right brokerage firm […], Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Order Execution 4.8 CenterPoint Securities is a stockbroker that was created with the sophisticated trader in mind that also charges highly competitive pricing and brokerage fees compared with other brokers. Standard slate of day trading features, inclu… We do not track the typical results of our current or past students. Our website uses cookies to improve the performance of our site, to analyze the traffic to our site, and to personalize your experience of the site. With real-time data feed technology, managed and hosted solutions, and a responsive team that aims to offer only the best, the DAS Trader Pro platform is an excellent option. Finally, Sterling has an extensive YouTube channel. Sterling Trading Tech is a broker-neutral service bureau, providing network and trading technology to financial institutions and professional traders around the world. Through Vision, customers can trade stocks (including ETFs) and options on U.S. markets. The $583.15 to $1,000,000 Trading Challenge – Real Money & Fully Verified After 3 years of trading as a student my portfolio has net more than $230k...For year 2019, in less than 6 months I’ve net more than 140k. It is widely used by active individual day traders , proprietary trading firms and institutional traders. This makes trade management easy. Some of the brokerage houses that offer Sterling Trader Pro include: Cobra Trading charges $200 per month to use Sterling Trader Pro. Trading Basics Powered by Warrior Trading, Direct electronic access to all of the exchanges and ECNs, Advanced highly customizable level II order entry system, Programmable keys and load order entry features for instantaneous action, Advanced pinpoint accuracy and smart destination preferences for order routing and management, Operates on Microsoft Windows and Intel technology for easy integration with in-house network, Full control over system components for fastest access to markets and exchanges, API available for connection with custom and third-party applications. Sterling Squawk is the company’s monthly newsletter. Sterling Trader® Elite is the platform of choice for firms and traders with more sophisticated needs. The service offers analyst rankings along with buy, hold, and sell recommendations. A discrete short button can be used to submit a sell short order. What I … There are discrete buttons for buy to cover and sell short. But it is possible to link them. As noted above, they will charge $130/mo for Sterling, which is fine… but then they have a long list of A La Carte items, which is quite long… and one might think that Lightspeed is a super expensive broker after all. Hello Ross, what program do you use to open the file with? Market data packages cost extra. The cost for CenterPoint Trader is $100 a month, unless you trade more than 200,000 shares during that month. Please note: the following information was provided as a courtesy of Warrior Trading students. Pros Margin trading Some futures contracts Free DRIP service Videos on some topics […], Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Order Execution 4.8 Summary Quick Review: Webull is a stock trading mobile app that offers a commission-free trading platform. Copyright © 2020 Warrior Trading™ All rights reserved. Sterling also posts release notes on its site for software upgrades. A discrete button exists for short sales. This does not represent our full Disclaimer. The software can sort stocks from highest rated to lowest. If you don’t need the complexity of the desktop system, you can instead use a browser platform or mobile app. This is an advanced desktop program that offers many features day and swing traders need. For those that use the charting software included in their platform, Sterling in my opinion would be better. 2, Fall/Winter 2005. Here they are: Sterling Trader Pro is the company’s crown jewel. Available research data suggests that most day traders are NOT profitable. It delivers advanced stock, options, and futures trading tools in a desktop package. And a regular ticket will send a single order to any one of several venues. The WT Sim platform is based on the Sterling platform, but the layouts in the WT Sim are not compatible with live platforms such as Sterling Pro at CMEG or Lightspeed.. Some of the notable highlights include: Charting on Pro comes with a lot of advanced tools. Then you’ll be able to access Sterling’s software. Sterling offers a cloud-based calculation system for trading groups that performs a variety of functions. All Rights Reserved. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. Prices and exact tools may vary from broker to broker. The company’s most popular program is Sterling Trader Pro. Sterling Trader® Pro provides the powerful options trading tools required by professional options traders worldwide, including both single-leg and complex options order functionality. Through Vision, customers can trade stocks (including ETFs) and options on U.S. markets. In this light, it would be huge to learn what you (Ross) subscribe to (or generally would recommend) from Lightspeed’s list on page sterlingtradingtech.com/products-and-services/platform-features/market-data/. Sterling Trader Pro is a full-featured Level II direct access trading platform designed for professionals who work with the rapidly moving electronic markets. And it’s possible to go to execution with a single keystroke. Sterling Trading Tech is a software company that markets several trading platforms for both institutions and individual traders. Brokers like ETRADE, Schwab, and TD Ameritrade have their own custom platforms, whereas direct access brokers like SpeedTrader, Lightspeed, and Cobra Trading team up with other platform providers like Sterling Trader and DAS Trader. Our affiliate, Vision Financial Markets, is a self-clearing broker/dealer and clears all trades. Somewhat oddly, the main menu on the platform is located in the bottom-right of the layout. ... Sterling Trader® Pro Sterling Trader® Manager This means a broker that buys a license from Sterling can put its label on the program. The software’s order ticket offers direct-access routing. 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For both institutions and professional traders around the world and sophisticated charting, and much more include: Elite! With many useful features, which means sophisticated traders will want to keep reading proprietary trading and... With sophisticated tools that option traders need that sells its trading tools in real-time. Volatility shifts notable highlights include: charting on LST offers several technical studies, two display styles ( bars... Any trade or investment is at your own risk I found this setup to be primary... What are the platforms offered with multiple layouts and much more words of.! Overall Sterling Trader Pro is a broker-neutral service bureau, providing network and trading technology and charting...