Thinkorswim vs Robinhood
I initially started selling options on the Robinhood iOS app and was getting along good with the interface and platform capabilities, but after reading several posts I got the gist that if I wanted to do trading more seriously I would need to be off Robinhood and use something like thinkorswim. So I opened a Schwab account and had my first day selling options on TOS today. There were some things that I did not like and found much better on Robinhood, which led me to still do most of my research on RH and then place orders on TOS. But that’s not the vision that was sold to me… TOS was painted as much superior. Some of the main things I didn’t like are below… please give me your constructive feedback if you have any.
Here’s what I didn’t like: 1. TOS iOS app doesn’t have a stock screener. You have to use the desktop app to screen for your custom criteria, and desktop is not always available to me. 2. The desktop app makes it really cumbersome to find information about the company/ticker you’re currently on. For example, corp actions/earnings date, I have to leave the ticker and go search for it in a calendar. Also, news on a company is done much better on RH. When I’m looking at a ticker on RH, I only see news articles relevant to that ticker, but on TOS it seems to show all news. How is that helpful? 3. TOS seemed to lag in earnings report data for BAC this morning. Robinhood had it available already. 4. For options specifically, on RH it’s so easy to see the Greeks. On TOS, it was a maze to find it… have to add columns for everything and they don’t seem to stay for the next session.
Has anyone else struggled to make the transition fully to TOS? Any advice?
Thanks!