It's sad that instead of helping people you just want to insult and bully them.
Yes, I'm a beginner. I've read a couple of books. I'm already profitable, but I still make mistakes and there's still a lot I don't know. That's the reason I posted this questsion. I want to learn.
But instead...
Well yes, the breakout failed obviously. That's actually the point of my question. There was a big price spike on big volume, followed by a big price fall on big volume. Why did if fail the way it did? Is there a specific candle stick pattern, that I don't know yet? It remotely looks like a...
I'm not ignoring it. I just try to understand one point at a time. Please be patient with me.
So you're saying it is a bullish pennant according to the book, but it still won't work most of the time because of the other factors. Got it.
You said: "2. it didn't break out on huge volume...
Maybe I'm completely off here. Can you help me understand? I'm quite new to technical analysis. So I browsed through my watchlist trying to spot one of the more popular patterns. With BSY I assumed there's a bullish pennant like this
To my eye BSY looks very similar. At least until the 25th...
I recently traded two stocks that showed nice patterns, but were behaving really strange shortly after their breakouts.
The first one is BSY:
As you can see it formed a Bullish Pennant. Then it broke out on huge volume, indicating institutions are buying big time. I bought the stock and...
It actually didn't come to my mind, that it could be a bug. I'm always using the stable verions of the TWS. So I assumed I did something wrong.
Thanks a lot for this info.
I'm using the strategy builder to set up a bear call spread on EUR futures options. I can set up the trade without problems, but when I want to check the performance profile, an error message shows up: 'Performance data is invalid; please alter selected contracts and try again'
As you can see...
I asked IB for advice and this is what they answered:
"The ~17k margin requirement is for the entire account. Your equities carry a margin requirement as well, even if fully paid for, as that is what dictates the available funds/excess liquidity figures for the account."
Is that really normal...
All right, now this is really strange. I just found a Margin Report in the reports section in the account management. Turns out not just my short put positions have a margin, but also all my long positions have a margin requirement!?
Example:
I own 60 shares of BABA with a value of 12,522 USD...
Even in a cash account IB displays the initial and maintenance margin for the short puts. But you defenitely need the cash in the account. It' defenitely not a loan.
Just this week I switched my account from an ordinary cash account to a Reg T Margin account.
Until now the current margin was about as high as the equivalent value of my cash secured puts. All of my short puts sum up to a stock value of 9,565 USD. The current margin was just a couple of USDs...
I think I solved the mystery.
After I took a look at the covered call option leading to the sell of the shares, I noticed the premium is $65, which is remarkably close to the $64.61 I was searching for. Considering the fees of $0.34 and the commission for the sale of $0.05 everything sums up...