Search results

IB very explicitly requires experience. You cannot even get an approved application for an IB account without the experience. I think it will be better if you go through the basic order types from non-IB resources first. Otherwise, you apparently are deliberately trying to walk on a mine field.

If you have a short position of a company lie E-trade, and if it indeed goes bankrupt after a while, how can you buy-to-cover to realize the profit from that short position?

Chewbecca, in one of your recent posts, you described how good IB still was. What happened between then and now? Is your own logic not valid anymore? Why?

RML is a good direct access firm as it gives many choices of softwares. You ask for a demo to see if you like them. Their option commission is bit higher than IB's.

Klamath, what do they mean by "intermarket sweep"?

It still depends on further variables e.g., whether you let SMART to re-route the order to other venues with different fees structures, whether you want the tool to keep execution priority after several minutes or whether you let the tool to re-submit the order to avoid specific fees, etc.

I think it is other way around. Note that IB requires some experience even to open an account. We still should help IB to sort out the problem unless it takes too much effort during the trading hours.

Then, in email, they usually let you know they are discontinuing the email service :confused:.

You can do that order with IB, CyberTrader, etc. :).

Pooks, if you clearly tag your 2nd sell order as "short-sale", it will be 1 day-trade. Most of the brokers do go by "how you choose to close the position" as NASD allows them to reasonably believe that you are day-trading. However, NASD also allows the client to contact the broker if he/she...

sprstpd, unfortunately your rules of trading are yours to follow. You cannot just say, in general, "you do" this "you don't do" this as OP does not have to follow sprstpd's (or my) unwritten after-the-fact rules of trading. OP clearly notified IB within the time guideline of a retail firm.

With Just2trade, you could go ~4.5%. (It may be slightly more or less depending on sweep you choose or not choose at all). Besides, they will match your current broker's margin rate if it is below Just2trade's default published margin rate. To compare the overall effective rate, you might want...

As I indicated in an earlier post, OP might be awarded for punitive-damages/pain-and-sufferings for IB's not resolving it in ~6+ weeks, IB's dropping the ball, keeping OP in black hole, other related losses, etc.. That is how lawyers work. So even after paying lawyer's fees, it could be worth...

For $50k account with cash, IB currently effectively pays {4.28%x[(50k-10k)/50k]}= ~3.42%. individuals.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc. Just2trade, for example, can pay ~4.49%.

Iceberg order shows only a small portion of shares of your large single order i.e. showing just the tip of the "iceberg". You can place it using Ameritrade's INET order.

Pooks, NASD allows the brokerage firm to reasonably believe the example#2 as 2 "pattern" day-trades even though you may ended up having almost the same time-of-sales and executions for all the shares in example#1 and on example#2. If you want, you can place these trades with your broker next...

Most of the brokers “pattern” day-trading calculations are based on the spirit of NASD rules (who has the authority). The rule of thumb is that the number of day-trades depend on how you choose to close the position. Example.1: Suppose you bought 1000sh of ABC stock at 9AM; then place an...

Are you sure IB CSRs did not answer to the last question :confused:: "Does using SMART automatically force one to have bundled pricing?" Usually if you use more market orders than limit orders that provide liquidity, then "bundled" is good. Which one is better often depends on your style of...

You can look into Interactive Brokers to see if it fits your needs. It has its own advantages and disadvantages. If you move this thread to Retail Firms section, you probably will get more responses. IB is a sponsor here. A few IB representatives contribute at ET. If you want, you can even...

Pirate, the person you talked to is notorious for providing this kind of information. It has been such that some of the traders just prefer hanging up and then possibly re-try if certain IB CSRs pick up. Do search, you will get detailed information on the topic.