Recent content by dereksas

Thanks Def...your insider annecdotes are appreciated as always. I also think that you are primarily looking at it from a GLOBEX perspective, whereas I am speaking principally of equities. Personally, I manage my own stops now, unless I'm going to be away. But I trade in a chat room with a few IB...

Def, I accept IB for what it is, an excellent platform alternative for many people, particularly those who can benefit from the great commissions. But I have to say that there is no doubt that equities traders do indeed see the market trade significantly through their stop...more so than is...

If you are sitting on ISLD waiting 2 mins for a fill, then it is because the market has moved away from you, not because of a slow broker. How exactly would a discretionary routing algorithm preference an ECN on which it can see no quotes? One way I can think of is that it could send an IOC to...

Sounds to me like you must be routing to "Intelligent"...that's a big no-no on QQQ. For a very short time TS preferenced ISLD in their Intelligent routing for QQQ, but now that they cannot see any quotes for ISLD, I bet they don't. Which means you are sending a large order in the open at the...

oops...I have no idea what happenned there...here's my whole reply again (hope it works this time)... --------------- Most brokers, Tradestation included, will not let you day trade absent the PDT rules (i.e. greater than 3 in 5 days when under 25K) even if your account is a cash account...

<Most brokers, Tradestation included, will not let you day trade absent the PDT rules (i.e. >3 in 5 days when under 25K) even if your account is a cash account. Datek used to let their cash accounts trade away, but I think they stopped doing that recently. Same with MyTrack. I do not personally...

http://www.tradestation.com/education/06_05/help/ and check out the TradeStation Help Resources link at the bottom right for downloadable EasyLanguage guides which give you the complete story on what is possible... --Derek

These other brokers give you the benefit of the doubt because you are not *technically* in violation until you close your 4th day trade. Problem is that if you do close a 4th in 5 days you have a trading call and must send money. IB has an internal no-call policy where they always avoid a...

From TradeStation today: 10/17/02 Attention Equities Brokerage Customers - Important Stop Order Information - UPDATE On October 8th, Merrill Lynch (MLCO) announced the closure of their New Jersey operations, formerly Herzog, Heine, Geduld (HRZG). As a result, we are currently unable...

This doesn't necessarily answer the original question, but tradstation just had their earnings conference call today where the CEO briefly mentioned TradeStation 7 in his opening comments. He said that they are targeting Q1 of 2003 for release and that new features will include automated...

How much monitor space do you want to have and what do you consider to be too low as far as processing power? I'm supposing that you don't travel with your monitors, so if you have monitors where you are going, why would you not have a PC already? Just wondering. I have traded on the road on...

If you have that much confidence in your system then you can turn confirmations off under Format Strategies (right-click your chart) and TS will enter and exit for you all day long. Me, I only let automated strategies run for exits (i.e. trailing stops). Automated trading gives me the willies...

Did IB do away with that stupid stocks and options test they made me take when I opened my account years ago. I always figured they did that for liability reasons (i.e. to protect their butts). But now see them converting accounts left and right to Universal which lets you trade anything...

There is another rule -- actually an exception to the cross/lock rule -- that says that an exchange may trade through the existing spread by 3 cents. I can only surmise that if I'm buying one of those exchanges at a larger size than the ask at that exchange, the remainder of my order becomes the...