Think Tank: Trading When You're on the Go

Find out about some of the available tools from TD Ameritrade such as beta weighting on your mobile device and how to use the Social Sentiment indicator.

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Key Takeaways

  • Trade, analyze risks, and manage positions from a web-based trading platform

  • Know how you can beta weight your portfolio on your mobile device

  • Understand what the Social Sentiment Indicator measures and how you can use it

Gloom or glory, you want to know what the markets are doing. And with your mobile device, you can access just about everything you need without being tied to your trading desk. Here are some tools that could keep you even more engaged with the markets.

A New Trading Platform from TD Ameritrade

Keep your eyes peeled this summer for a new web-based trading platform from TD Ameritrade. Why’s it a big deal? There’s no need to download an app or use a specific device. We are launching a web-based leg of the TD Ameritrade trading tripod, a complement to the capabilities of the thinkorswim® desktop platform from TD Ameritrade and Mobile Trader.

So, because it operates as a web page, does that mean it lacks certain capabilities? Not necessarily. You still get the full trading product package. And that means you can trade, analyze your risks, and manage your positions all in one place.

This new web-based trading application is simple, but offers a powerful tool set that’s focused on portfolio management for our sophisticated trading clients. And it incorporates all of the latest trading technology from TD Ameritrade.

TD Ameritrade will be rolling out access to the new site over the course of the summer in small waves. If you’re one of our early adopters, please share your experience with us using the feedback link on the site.

Beta Weighting on Mobile

Your portfolio probably includes different asset types—stocks, options, futures,and so on. You may know how each of those positions is performing, but what about your entire portfolio? There may be times, such as year-end or during a market correction, that prompt you to look at your portfolio as a whole. But simply looking at how each asset type is performing might not give you an accurate picture. Each component of your portfolio is measured differently, so comparing their performance against each other may not be the best approach. However, if you were to beta weight your portfolio components against a benchmark such as the S&P 500 or Nasdaq-100, you’ll likely get a more normalized view.

You can beta weight your portfolio on Mobile Trader, which means you can do it from anywhere (see Figure 1).

Figure of a hand holding a mobile device that shows how to beta weight
FIGURE 1: BETA WEIGHTING ON TD AMERITRADE MOBILE. You can standardize all your positions to a benchmark. Source: thinkorswim from TD Ameritrade. For illustrative purposes only.
From the TD Ameritrade Mobile Trader app:

  1. Select Positions on the side menu.
  2. Select the gear icon, and from the Columns Editor, scroll down and select one of the beta weighting suggestions (you can beta weight on the NDX, RUT, SPX, or customize).
  3. Your portfolio will be displayed based on your choice. The P&L will be standardized, and your positions will be weighted by beta, position size, and delta.

Trading in the Era of Social Media

Some social media posts can catch enough buzz to move prices in the stock market. Wouldn’t it be great to know which ones are making waves before the news goes viral? The Social Sentiment feature on the thinkorswim platform from TD Ameritrade gives you an idea of social media mentions of different companies so you can analyze the relationship between social media discussion around a company and its stock price. The Social Sentiment indicator displays how many positive, negative, and neutral mentions there are for the specific company (Figure 2).

Chart showing how to plot the Social Sentiment indicator on thinkorswim

FIGURE 2: SOCIAL SENTIMENT INDICATOR. Use this feature to get an idea of the general sentiment of a specific company. Source: thinkorswim from TD Ameritrade. For illustrative purposes only.

From the Charts tab:

  1. Click the gear icon above the chart.
  2. Click the Equities tab at the top.
  3. Check the Show Social Sentiment box.
  4. Social Sentiment will be displayed on a lower subgraph.
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Key Takeaways

  • Trade, analyze risks, and manage positions from a web-based trading platform

  • Know how you can beta weight your portfolio on your mobile device

  • Understand what the Social Sentiment Indicator measures and how you can use it

Do Not Sell or Share My Personal Information

Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.

Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.

Social data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent decision. 

Posts presented in social signals are not subject to any fact-checking, may be without reasonable basis and claims may be unsubstantiated. Thoroughly evaluate all information before trading.

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Market volatility, volume, and system availability may delay account access and trade executions.

Past performance of a security or strategy does not guarantee future results or success.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. © 2024 Charles Schwab & Co. Inc. All rights reserved.

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