Recent content by tm689

That is correct. You would have your broker contact the warrant agent to exercise. You typically would rather try to sell the warrant rather than exercise before expiration since if you exercise you would lose any time premium (value) left in the warrant. So for example if the stock is at $12...

If you exercise the warrant you can only buy the stock at the $11.50 exercise price. You can get the $11.50 exercise price regardless of what the stock price is at. Even if the stock is trading below the exercise price the warrants may still be above intrinsic value (stock price minus exercise...

Got anymore nonsensical drivel you want to share?

The story that he had his pants on backwards was debunked. Let's hope you don't trade off news like you post debunked news.

I don't think interactive brokers allows customers to participate in buying order flow. Their option might just be the ability to sign up for the service that doesn't sell your order flow. This is a very important distinction. The ability to buy order flow allows you to make the spread as...

Perhaps retail brokerage firms should offer their customers the option to pay for order flow.

For US federal taxes you would send in the form 1040-ES. This is the estimated tax payment voucher. When you file at year end you will attach Schedule D for long and short term capital gains with form 8949 as an attachment for schedule D.

Both offer zero commissions on stock trades.

In account size there is no comparison. Robinhood has an average account size of like $1000 to $5000. Schwab has a much higher average account size. Most of the experienced traders I know have gone to Schwab. There are many more features. Robinhood is really for the novice traders just doing a...

I had looked at both Schwab and IB. Navigating IB was just a mess. Schwab was more intuitive and more like previous daytrading software I have used. I have been using Schwab and I haven't had problems with reliability. The important thing I liked about Schwab was being able to put direct limit...

What I was always told was that as long as you pay 10% more (in total estimated tax payments) than your prior year's tax bill you should be okay. I have done that and never had a problem.

Basically you try to estimate your yearly profits and base your estimated tax payments on that. If you underpay you risk a penalty at year end. If you overpay you are just entitled to a refund. Some people get into the habit of overpaying their yearly average by 10% to avoid the risk of a penalty.

For the amount of trading you do that is probably the case. For many experienced traders it amounts to real money.

Schwab allows you to place limit bids (at the current bid) and offers (at the current offer) on ECNs (even invisible), so they don't seem to be selling all their orders.

If you are self employed you normally pay your estimated taxes quarterly.