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I lost all my profits I've had since October of 09 this week. Even though Monday was my best single trading day ever.No smart words from my end other than it was a tough trading week and I very much appreciate your thread !!!!

Placing your order and getting executed is always asynchronous (regardless of the broker) I don't understand the question in your post, but you can place orders as fast as your software allows. (e.g. i can log into the IB demo account and place an order every 100 milliseconds) That doesn't...

Check Dividends on XYZ. If there are no dividends, you'd end up with a risk free trade. Not likely, so chances are when you try to place the trade you don't get a fill for the 1.05 premium. >>>>>>>>>>>>>>>>>> Here's the setup: The underlying XYZ is trading @50.00 There're options...

Sorry, ignore the tick comment in my response. The limit (and that depends on account size) for me is quotes for 100 stocks, so I can price out a basket of 100 stocks (bid/ask/last) IB also has a feature called BasketTrader which is useful as well, so a simple basket trade (depending on...

See below I don't have a day trading edge, all my trades are longer term (from a couple days to a calendar quarter). Martin >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Who do you use as a data service provider >> IB (Interactive Brokers) and Yahoo Finance Who do you execute through >>...

Here's my turbo tax rant/recap http://mwtrader.blogspot.com/2010/04/traders-and-turbo-tax-rant.html I'm able to file my taxes but bottom line is I would not recommend Turbo Tax and IB to anyone. It's a bad and "incomplete" offering for traders.

thx, sorry if I wasn't very specific but that's what I did. The txf file is what generated the entries with the negative cost basis in the first place. I've posted on another thread and another guy also ran into this issue, I'm not sure why there isn't more "information" out there. :( oh well

Is anyone using Turbo Tax and IB? All my imported wash sales from IB turbo tax complains about (They all have a negative cost basis and a 0 in the gains column. All the ones from ThinkOrSwim are fine. Are you guys fixing these entries manually?

So how did you fix them? Just move the negative cost basis to 0 and put the same value (*-1) into the gains column? So when it originally said gains 0 cost basis -300 did you move it to gains 300 cost basis 0 Did that happen on stock trades for you or on option trades? I figured this is...

This may be specific to calendar spreads but bottom line is I have about 1600 IB trades and when I import them into turbo tax many of them have a negative Cost basis and a blank net proceeds column in turbotax. (Import file originates from the IB Account Tax section) When I delete the trades...

If you look at SPY options (or SPX for that matter) on the day of expiration you'll see that volatility is statistically lower than the following Monday. (VIX increases after expiration) So on average you'll have a long option price increase due to volatility when you hold the weekend after...

leverage = margin If you've 30k in your account you can buy 120k (not that you should) worth of stock and you'll just have to deal with a one or two cent bid/ask spread. If you're wrong and need to get out you're in a much better position that way. Now that assumes you really day trade...

Enjoy it while it lasts. I wouldn't daytrade these options because of the spread. If you've a good run with your trades, just buy the stock with leverage and you'll probably pocket more money.

What happened? No more posts?

Unless you're bored or you've some differentiation you may just want to use http://wl4.wealth-lab.com/

Good luck trading, I hope you'll do well !!!!

Nice week, great job Neke

Additional question: Is there a way to have TWS calculate the number of shares itself when I click on the bid or ask according to a preset notional I like to trade for stocks? >>You mean outside of options right? Yes you can set your default size (based on nbr of shares or based on $$$ and when...

not with TWS.

thx for the update. Now I've to give it another try on SPX ;-)