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Inferior brokerage firms, e.g., Scottrade, Lowtrades, etc. will put restrictions such as stop-sell price needs to be at least 0.1 (or 0.15) less than the current market price. Who is your broker?

Currently for certain stocks, there is no uptick necessary for shorting.

Samson77, You should be able to change back your PDT account back to a non-PDT one if your trading a pattern has changed for the account (e.g., basically less than 4 round trip trades in 5 days). You need to let you broker know that your trading pattern has changed for the account. IB...

mss, The brokerage firm lets the IRS know how much contribution was made in the previous year usually around the middle of the current year. Unless developer17 clarifies with IRS with his/her situation quickly (as I indicated in...

mss, If money is moved from one's regular account to one's IRA account, it is a contribution.

thecalip, Could you give an example of sticking stocks with some margin in an IRA account? In any point, which broker let you borrow (i.e., buy stocks with clearly more than the cash value of the account) in your IRA accounts for stocks?

DrAtomic, You might want to read the quick start tutorials thoroughly and practice with the demo account. However, try calling IB directly yourself in different times of the day to figure out if the customer service is all right with you. Try calling them more than once before forming a good...

Both in IB's Alerts and in Ameritrade's Trade-Triggers, you don't have to sit in front of your computer. You can set them such a way the order(s) will be triggered automatically when your conditions are met. It is not just email-alert or bell-alert or pop-up alert.

You might want to try "Alerts" in IB & CyberTrader, and Trade Trigger in Ameritrade.

If the investor's want a per-trade brokerage firm, then Amerirtrade has different conditional orders/trade triggers, free wire-in/out, check writing, direct routing options for its Apex clients. However, you have to call them to enforce a lower commission than what you might get in Fidelity...

mrpace, partially closing a position opened on the same day is still consdered 1 day-trade.

Cyber/Schwab has mentioned to me that the number of day-trades are counted depending on how (i.e., with how many trades) you close the position.

jellystone1, Scottrade charges 1/2% of the principal value of the trade for stocks priced under $1 in addition to its $7 base commission. Scottrade does not offer any direct routing mechanisms, conditional/bracketed trade triggers, etc. If you have less than $25k in your account, then it will...

pev, "USD 50" means the stock trading at $50 (US dollars), and "USD 2" means the stock trading at $2 (US dollars) in your example. By the way, the commission rate is not $0.0005/share, it is $0.005/share (i.e., half a cent per share).

If you trade under $1 stocks, Scottrade would be one of the most expensive brokers. Before you go to Scottrade, please read the fine print of its commissions schedule.

What is the price range of the stocks and the number of shares you trade at once?

Did you have any type of contract with the success criteria clearly defined?

Chewbacca, If your 1000 share gets filled with multiple partial shares on the same day, I think IB charges you $7.5 ($5 from November, 2005) even if you change the limit price of your order in the middle of the serial partial fills!

It will be interesting to see what other brokers do in terms of slashing US equity commission. Historically speaking, there is a chain reaction of slashing commission waiting to happen among the competitive brokers.

It does say $1 minimum. However, when the details of the new commission rates get starightened out in the next few days, we will find out if IB is willing to go below $1 for the minimum in the near future since $1 minimum was originally based on the old 1c/share commission rate.