Recent content by queensny

Hopefully it helps someone but I called IB to inquire and realized when you trade using Webtrader or mobile app the "smart routing" does not mean smart for routing to best exchange. When I switched over to TWS, I was able to alter the settings where the routing would be to exchange that offered...

Yes from Queens

Ok thanks for the advise. I will look to switch to fixed/per trade broker. IB gave me the impression that with volume and ECN rebates I would have minimal trading costs but I just am not seeing that.

Hi - Please do not flame me on my strategy. I am only looking for advise on how to reduce broker costs. My general strategy has been scalping (using WMT and XOM) and making some money off small movements. One of the things you will notice is I switched from flat to tiered in late May which...

i believe you cannot transfer the money from the current custodian to your own ira account unless you withdraw it and pay the penalty and 20% withholding or you have left your job and are rolling it over into a ira.

Hello All. My question related to when one sells a naked call option. What I currently own are: AAPL Aug10 Call Options $260. (I am currently down around 30% on them because of last two days) I was thinking of Selling Aug10 Call Options $280. I understand I would be limiting my...