In Million Dollar Traders the hedging is to try and eliminate the risk from swings in the overall market. For example if you go long a stock that you expect to out perform the market, you can still lose money even if the stock outperforms because the overall market went down. By buying a stock...
First email they sent me was on Jan 22:
Jan 22, 2009
Please activate your Security Device or Card
Dear IB Trader,
You should have recently received an IB Passcode Card or Security Device through post mail for your account XXXXXXX. This card/device is a critical part of IB's account...
Last week IB initiated a security card system that you need to start the Trader Work Station, their online trading system. I never received a card so I called them and they gave me a temporary password to use instead and they said that they would send me another card. They had sent the first...
They had it fixed within an hour from when I caught the error but the problem must have been widespread because they didn't even ask for my account number when I told them of the problem.
Donât have a hart attack when you look at your IB account balance today. I had a profitable morning but when I checked my account balance it was short over $13,000. I called IB and after the recording saying that all systems were operating normally, I got a real person who immediately told...