#789 - Trade On Desktop, Manage On Mobile

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we're going to be talking about why I believe you should trade on desktop and manage on mobile. I've said this a number of times, but actually, I think it's a really good technique to use because as the brokerage industry continues to evolve and move towards more of a mobile friendly style and platform, I think it's really important that you still make a lot of your trades on desktop especially if you're a new trader. I don't make that many trades on mobile. I like to manage a lot of my trades on my mobile phone using the Thinkorswim app or if you're using a different broker, you can use their app. I think that managing on mobile is very, very easy. I can watch and monitor positions, enter and reenter GTC or closing orders. But when it comes to actually making trades that are added to the portfolio, I still prefer to do that on desktop and I think that in many cases, desktop allows you to get a better sense of what's going on broadly speaking with the whole portfolio. This doesn't mean you can't do it on mobile. I think that sometimes we just get lost in where the mobile layout is compared to a desktop layout which can give us more real estate if you will, more screen space to look at more numbers very, very quickly. In my opinion, I think when you're moving forward, it's probably a pretty good idea if you can, to trade your positions on desktop, enter your orders for opening positions, adjusting positions, etcetera and then manage any existing positions on mobile. Use mobile as a means to get away from your desktop during the day and just to monitor positions as needed. Hopefully this helps out. As always, if you guys have any questions, let me know and until next time, happy trading.

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#789 - Trade On Desktop, Manage On Mobile is an episode from The "Daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online by Kirk Du Plessis.

This episode is 02:45 long.

This episode was published on Nov 20, 2019.

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