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I think you have a point - that WL does tend to set the trend in most (BUT NOT ALL) areas. But you've got to admit that Amibroker does a sterling job of keeping pace with WL at an extremely reasonable price. disclaimer - i own neither WL nor AB, but will very likely get a copy of AB before...

Also further down on the page quoted by ji90 (2nd para of answer is of pertinent interest): Q: In order to exercise a put or call, do I have to have cash or stock in my account to buy (in the case of a call) or sell (in the case of a put) the shares of stock that underlie the contract...

mucho apprecio! might also be worth mentioning that the competition are already doing this.

I wasn't aware of this. My own angle was that since the process of exercising an option is irreversible - there is NO RISK to the broker if they reflect this in your account IMMEDIATELY and cancel out any opposite positions you already have (rather than wait till the next day). gaj...

Thanks white. I tend do use IB's SMART routing - I wonder if this is the problem? Actually, I ALWAYS short (or buy) to lock in my profit BEFORE I exercise an ITM contract. I use IB 'cos they are the cheapest. When I ramp up my volume to 10 contracts then I'll have to seriously consider...

with IB?

1st point - are you saying that until BOX starts, it is not possible for a limit order that is b/w the bid and ask to be executed?? 2nd point - please educate me. thanks.

gaj, you are right, but i was talking about the feature being available in TWS, and also searchable, so I could ask for all trades b/w 11/21/02 & 02/08/03 for instance. On the website, the info is static, so you have to search through your statements for the trades. TWS provides a...

I think IB provide a great service to the retail investor. It is fair to say that they have single-handedly revolutionised the commision charging structure in the industry. At the same time they are not perfect - is anybody? There are a few thing I find surprising with IB, but would rather...

http://www.businessweek.com/2000/00_16/b3677113.htm

Harry, Fair point, but PDT only applies if you are daytrading stocks.

Hey man, I never thought of it that way! 8 losses is definitely not inconceivable for even the best systems, & 34% is indeed a very decent return for non-daytraders. Good food for thought. Keep it coming guys.

Do you mind going into more detail? Many thanks.

in my opinion shouldn't be one or the other. both are outstanding books & you won't regret the extra expense of getting both instead of just one.

How did the 3.2% figure come about?

what i would like to know - is if anyone here has (or knows somebody else who has) gone broke risking 5%. my instinct tells me that with a positive expectancy system, 5% is a reasonable amount to risk. but i would like to know if i am being naive. thanks guys & gals. u r a g8 bunch!!!

agreed!

Jessie, That brings me to the question - can a 'new' trader/investor turn his small stake (say $7.5K) into a princely sum, by risking only 2% per trade. ... or is there indeed truth in the words - "the ONLY way to make a small fortune, is to have a big one'?

Apart from the fact that 2% (or less) limits your 'risk of ruin' to virtually nil, I don't know of any empirical formula for arriving at that number. For instance hypostomus' 13% figure is based on back-testing his system...

Many writers advise that a disciplined trader should risk no more than 2% of their trading capital on any one trade. On the other hand I have read (here on ET) some people opine that that rule is only really applicable to professional traders (read those that trade other people's money)...