Recent content by chuzek

If one is going to write a trading system in PHP, I suggest using a brokerage with a webservice API rather than a direct FIX one. I've written PHP trading scripts for: Junotrade: http://www.junotrade.com/index.php/buy-stocks/web-api-documentation TD...

So are you saying that this is not a technical glitch? I looked up the term "shading" the practice of brokers manipulating prices seems to be common. (http://www.investopedia.com/articles/forex/09/price-shading.asp) However, it makes no specific mention brokers creating a negative spread...

I've been noticing that at certain instances the ask price is less than the bid price. What does this mean and is it a regular occurrence? Or is it a glitch in the quotes that I am receiving?

I'm new to short selling stocks and wanted to know some of the technical order execution concerns people have faced. I understand the fundamental concerns of short selling (i.e., unlimited losses, etc). Some questions I have are: - Have you had issues with a brokerage having enough shares to...

I'm new to short selling stocks and wanted to know some of the technical order execution concerns people have faced. I understand the fundamental concerns of short selling (i.e., unlimited losses, etc). Some questions I have are: - Have you had issues with a brokerage having enough shares to...

Say we are talking about a stock with a small spread and you want a quick turnover. In a long position, you are buying at the ask price and selling at the bid price. So are you saying that in a short position, first you sell/borrow at the bid price and buy to cover at the ask price?

I have a rather elementary question that I am almost embarrassed to ask. What is the actual price paid when you short sell a stock? Investopedia says that when you short sell a stock ( http://www.investopedia.com/university/shortselling/shortselling1.asp ) that you are first borrowing it...

I found some links on the subject, but some seem a bit convoluted if you are not a tax accountant, IMHO. http://www.tradejuice.com/traders-tax/using-legal-entity-ta.htm http://homepage.mac.com/jmpullara/.Public/Downloads/LLC_Issues-AFB.pdf http://www.traderstatus.com/whyanentity.htm...

Yes, I was imagining that is what one would do.

True. But say you owned 100%. If you didn't want to accept the profits for a given year, you can defer them for a later date that may be more beneficial.

Likewise, I'm not tax expert either. I suppose you'd only be able to deduct commissions and possibly any losses that are realized. I think the benefits would arise from being able to defer taxes on gains by keeping them as retained earnings within the LLC. So if one wanted to retire in 10 or...