Recent content by TraderBob

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    Daytrading IRA margin account--IB only?

    Yes: thats correct. You have to keep track of settlement dates and if you own stock with unsettled funds it can become rather cumbersome if you do multiple buys and sells within a short timeframe. I've suggested to E-Trade that they show the funds that are available (i.e settled) by date. They...
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    Daytrading IRA margin account--IB only?

    My IRA is with E-Trade but in conversation with IB, I believe they are the same as E-Trade re the re-use of funds in an IRA. For example, if I have 50K in my IRA and buy 50K worth of ABC stock in the morning and later in the day sell the stock and with the proceeds buy XYZ stock (this is...
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    IRA day Trading

    Here's the way E-trade explained allowable trading in an IRA: If you buy stock ABC and then turn around and sell ABC (either the same day or before the 3 day settlement period), the funds are available to you immediately for re-investment. Here's where it gets a bit confusing: Let's say you buy...
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    Highest daily price range?

    Take a look at the free Business Week scanner at http://prosearch.businessweek.com/businessweek/general_free_search.html?mode=advanced. Just enter the low and high stock price you're interested in, and for "price range" just select "high as possible". Hope this helps.
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    Highest daily price range?

    Look at CME and GOOG. I'm sure there are others but these two have consistently high daily ranges.
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    ADX indicator

    I use the same settings for intraday trading and they work fine. What charting software are you using and where is your data feed coming from ?
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    Trading from home - What commission rate is reasonable?

    Interactive Brokers - extremely fast execution and one of the least expensive commission schedules
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    Gold Stocks - buying the break...

    GG ; excellent fundamentals. One of the best of the gold stocks.
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    IB IRA Margin Account

    Trader42 You can sell covered calls in most IRA's. I've had my IRA with three different brokers over the past several years. They all allowed selling covered calls in an IRA account.
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    IRA day Trading

    There is no 3 day waiting period for daytrading in an IRA for stock purchases in an E-Trade IRA. The waiting period that you refer to (as treated by E-Trade) only pertains to the time you have to wait (i.e. settlement period) for funds withdrawal. Check with your specific broker since each...
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    30 Day Moving Average

    Prophetfinance.com - javacharts
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    IB and Futures

    I have been trading futures through IB and use the free QT software for realtime charting. Works great ! Jerry Medved of QT support is very responsive if you have any questions. Good luck.
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    I Can't Figure it Out!!!!!!!

    Sounds pretty basic but how many times do we trade counter to the daily move of the market ? Go with the trend and get out quickly if it moves against you. Commissions are low enough if you need to get back in. Chalk up a series of small wins. It will do wonders to restore your confidence and...
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    stocks vs e minis.

    Omni, IB charges 4.80 R/T with lightning fast executions. Their site may not be as jazzy as openecry but its cheap and fast. Does openecry provide any additional value for the ES trader ? Thanks.
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    Avg daily ES gains (in points) per contract ?

    What are your average daily point gains per contract in daytrading the ES e-mini's ?
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