As far as alternatives, I personally use power e-trade with Morgan Stanley mainly because they are my broker and I'm most acclimated with how it works. I also have three zoom meetings per week with them and thats what we use. I have also heard good things about Trendspider that I can have someone weigh in on as something more cost effective, But Blommberg has been and remains the Rolls Royce... It's basically Bloomberg then everyone else.
I've got a couple of my subscribers who have access to Bloomberg terminals at their school. They've commented to me the tools I have are far more economical and easier to use. Professional data is great, but it still doesn't tell you if a the market will take a stock up or tear it down. Here are the tools I use: (all are linked at https://linktr.ee/dailystockpick)
1) Charts - Trendspider - I give subscribers my 4 hour algorithm and other strategies - sign up here - https://trendspider.com?_go=gary93
2) Seeking Alpha - I used the premium version as it provides a great Quant system that rates stocks based on 5 criteria, but they have the best analysis and tools for fundamentals - sign up here and save $25 and get a free 7 day trial - https://www.sahg6dtr.com/2L9M597/R74QP/
3) Finviz - before I got Seeking Alpha, I used this and I still use it. The fundamentals and screener they provide are top notch. - https://finviz.com
4) Webull for mobile charts on the go - sometimes I hear a news story while driving or I'm out hiking and I can't get to Trendspider so I opened a Webull account with some play money and they have the best charts for a mobile phone - bar NONE - sign up and get free stocks - https://a.webull.com/Nwcte9iTQnfaDYF6hA
I think too much information overwhelms me so I just want some charts with a back tested strategy (Trendspider) and the fundamentals of the company (Seeking Alpha) in order to try and decide when to buy or sell. I have listeners to my podcast who do options based on my analysis, but I'm definitely not an options guy. I'll leave that to Edward - the absolute expert!
I never splurged on the Terminal, my neighbor has one and I know traders that use them but I never found I could justify it. That said I easily spend 10k on trading related products a year. Benzinga pro I have a lifetime subscription, trade the news is another one, also moodys has NEWSEDGE now. I used the latter for nearly a decade. All solid news services. Have live feeds from Chicago pits and audio feeds. On top of many other services.
It’s good. I use it daily. Scanners, filters, live data, charts also good to have redundancy. They have various live feeds. I like the news feed. It’s missing some news or late but generally it’s a good all around platform.
I am also familiar with TOS Scott, and even though I do execute some of my trades with Schwab the transition of TOS did not go as smootly as they would have liked imo
As far as alternatives, I personally use power e-trade with Morgan Stanley mainly because they are my broker and I'm most acclimated with how it works. I also have three zoom meetings per week with them and thats what we use. I have also heard good things about Trendspider that I can have someone weigh in on as something more cost effective, But Blommberg has been and remains the Rolls Royce... It's basically Bloomberg then everyone else.
I've got a couple of my subscribers who have access to Bloomberg terminals at their school. They've commented to me the tools I have are far more economical and easier to use. Professional data is great, but it still doesn't tell you if a the market will take a stock up or tear it down. Here are the tools I use: (all are linked at https://linktr.ee/dailystockpick)
1) Charts - Trendspider - I give subscribers my 4 hour algorithm and other strategies - sign up here - https://trendspider.com?_go=gary93
2) Seeking Alpha - I used the premium version as it provides a great Quant system that rates stocks based on 5 criteria, but they have the best analysis and tools for fundamentals - sign up here and save $25 and get a free 7 day trial - https://www.sahg6dtr.com/2L9M597/R74QP/
3) Finviz - before I got Seeking Alpha, I used this and I still use it. The fundamentals and screener they provide are top notch. - https://finviz.com
4) Webull for mobile charts on the go - sometimes I hear a news story while driving or I'm out hiking and I can't get to Trendspider so I opened a Webull account with some play money and they have the best charts for a mobile phone - bar NONE - sign up and get free stocks - https://a.webull.com/Nwcte9iTQnfaDYF6hA
I think too much information overwhelms me so I just want some charts with a back tested strategy (Trendspider) and the fundamentals of the company (Seeking Alpha) in order to try and decide when to buy or sell. I have listeners to my podcast who do options based on my analysis, but I'm definitely not an options guy. I'll leave that to Edward - the absolute expert!
Gary has been around so he can provide good information on some of the other players in the game...thanks brother!
Best thing let the big guy pay for Bloomberg terminal and you his service fee and get the all the info
Well the subscription or service fee, is the cost...around $2,000 per month
What are the alternatives of Bloomberg terminal ?
I never splurged on the Terminal, my neighbor has one and I know traders that use them but I never found I could justify it. That said I easily spend 10k on trading related products a year. Benzinga pro I have a lifetime subscription, trade the news is another one, also moodys has NEWSEDGE now. I used the latter for nearly a decade. All solid news services. Have live feeds from Chicago pits and audio feeds. On top of many other services.
I have heard good things about Benzinga Pro too but never tried it
It’s good. I use it daily. Scanners, filters, live data, charts also good to have redundancy. They have various live feeds. I like the news feed. It’s missing some news or late but generally it’s a good all around platform.
I'm putting out a blanket response in the comments
yea i’m a small trader no way the terminal works for me, maybe one day😁
oh great thanks much appreciated
ok much appreciated, I am with tos now but it seems to have some issues
I am also familiar with TOS Scott, and even though I do execute some of my trades with Schwab the transition of TOS did not go as smootly as they would have liked imo
what platform do you recommend if you don’t mind sharing, I trade options
I put something in comments to answer this
OpenBB
There is the free version for retailers:
https://openbb.co/products/platform
It started as an open source project but now it keeps the core functionality free for retailers.