Recent content by BladeTrader

What about the ones that auto-trade for you via a brokerage account?

You'll run into this almost anywhere at any kind of financial institution, the average joe CSR wants to get the customer off the phone as quickly as possible as they have no real motivation ($$$) to help. They SHOULD, but they don't. I can only sympathize. Have you tried getting really...

That's a good policy to follow. You shouldn't have to, but that's the way it works unfortunately.

I also trade a Margin IRA at IB but haven't encountered this problem before. Did you get it solved?

IIRC, the advantage of TotalView is that you see multiple quotes from a given ECN/MM, not just the BEST ones, like you get from Level II. According to your screenshot, you show multiple quotes from INET, for example, not just the best quote. https://www.nasdaqtrader.com/asp/tv_description.asp

This is no significance of my own choosing, however IB's trading software allows you to select an option that will automatically pre-route your order to the NYSE 3 minutes before the opening bell. From the input provided, I gather that this ONLY applies to NYSE-traded stocks (simply because...

Your comment and this whole discussion applies only to NYSE-listed stocks, correct?

So what are the pros and cons of "participating in the opening print?"

IB gives its clients the option to "pre-route" orders for listed stocks to the major exchanges 3 minutes before the opening bell. What are the pros and cons of doing this vs. a regular "SMART" order?

Yes, that does help me very much...thanks.

Found this from a link off a link of a link in the IB User's Guide... "An LIT order is similar to a stop limit order, except that an LIT sell order is placed above the current market price, and a stop limit sell order is placed below." "An MIT order is similar to a stop order, except that...

Can someone explain the difference between a stop order and a market-if-touched (MIT) order? Similarly, the difference between a stop limit order and a limit-if-touched (LIT) order is also unclear. Thanks. Per IB's User Guide: Stop: A Stop order becomes a market order to buy or sell...

I know you're trying to help, but I'm not sure how to respond. :) All I've ever known is how CyberTrader shows market data and trying to relate it to IB and understand how it works here. I'll just try to forget what that CSR said because it now appears it's worthless. So, let me...