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Tips to Improve ThinkorSwim Speed and Efficiency

Jul 21, 2024

Tips to Improve ThinkorSwim Speed and Efficiency

Introduction

  • Presenter: Matt from the Trade Brigade
  • Purpose: Offer tips and tricks to enhance ThinkorSwim's speed and efficiency

Tip #1: Adjust Memory Allocation

  • How to Adjust Memory
    • Click on the gear icon on the lower-left corner of the login screen
    • Navigate to 'Memory Usage'
    • Adjust memory allocation based on your RAM
      • For 32 GB RAM: Low end at 1024 MB, high end at 6144 MB
    • Consider increasing memory if running multiple screens of ThinkorSwim
  • Benefits:
    • Reduces lag
    • Ensures smooth operation of background tasks

Tip #2: Set Quote Speed to Real-Time

  • Default Setting: Moderate (3-second delay)
  • How to Change to Real-Time
    • Navigate to gear icon and 'Setup'
    • Go to 'Application Settings'
    • Go to 'System' in the left-hand sidebar
    • Change 'Quote Speed' to Real-Time
  • Importance:
    • Real-time data is crucial for day traders and intraday traders

Tip #3: Use Active Trader in Its Own Window

  • Why Use Active Trader in Its Own Window?
    • More efficient for trading stocks & ETFs
    • Reduces strain on single panes doing multiple tasks (Chart, Active Trader, Level 2)
  • How to Set Up
    • Open a separate window for Active Trader
    • For options trading, paste the options code into a separate window for correlation

Bonus Tip: Monitor and Maintain Free Memory

  • How to Monitor Free Memory
    • Navigate to 'Help' tab
    • Go to 'System'
    • Check 'Free Memory'
  • Actions if Low Free Memory
    • Click 'Collect Garbage' if free memory is less than 500,000
    • If problem persists, log out and restart the platform
  • Benefits:
    • Helps recover free memory to around 800,000
    • Prevents lag and improves overall performance

Conclusion

  • Encouragement to like the video or comment if tips were helpful