Schwab Coaching: Getting Started with Thinker Swim

Introduction

• Instructor: Cameron May
• Topic: 10 Cool Tools on Thinker Swim
• Target audience: Investors and Traders (stocks & options)
• Platform: Thinker Swim
• Reminder on investing risks: General informational purposes, not individualized recommendations

1. Customizing Columns

• Function: Adjust column widths within Thinker Swim
  • Hover over column margins until you see a double-headed arrow
  • Click and drag to adjust the width

2. Linking Functions

• Function: Link different tabs (e.g., watchlist to charts or trade tab)
  • Ensure you see chain link icons
  • Choose same number/color for linking (e.g., red 1)

3. Streaming Ticker

• Function: Customize and detach a streaming ticker for portfolio updates
  • Found on home screen
  • Choose watchlists or current account positions for display
  • Detach ticker for continuous updates

4. Grid Feature

• Function: Display multiple charts simultaneously in a grid layout
  • Access via the empty box in charts tab
  • Option to save and load chart styles (e.g., basic with expirations)

5. Hidden Line on Trade Tab

• Function: Access additional information (dividend yield, PE ratio, beta, etc.)
  • Click on a small arrow to reveal the hidden line

6. Adjusting Charts for Dividends

• Function: Adjust chart prices to include dividends
  • Navigate to chart settings (gear icon)
  • Go to Equities -> Adjust for Dividends -> Choose 'All'

7. Sector Analysis

• Function: Review sector indices and customize columns for sector descriptions
  • Navigate to public watchlists -> Sector Indices
  • Add description column for clarity

8. Fundamentals Page (Analyze Tab)

• Function: Obtain a breakdown of company revenue sources using Trace Tool
  • Navigate to Analyze -> Fundamentals
  • Scroll to bottom for Trace Tool, explore revenue breakdowns

9. Charting Options

• Function: Load and view charts of individual options
  • Customize options chain columns to include 'Option Code'
  • Right-click on option code -> More Info -> Thinker Swim Charts

10. Probability Analysis Tool

• Function: Analyze probability of stock prices reaching certain levels by specific dates
  • Navigate to Analyze -> Probability Analysis
  • Enter the stock symbol, use crosshairs for price & date intersection details

Wrap-Up

• Encouragement to subscribe to Schwab coaching webcast on YouTube
• Connect on social media (X) for additional resources and updates