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IB is great for trading QM. You have many order types (Market, limit, stop, stop/limit, trail stop and probably more) Fills are excellent. HOWEVER: Stop orders cannot trigger overnight, only during day session. (Limit orders do trigger). This is true for some of the exchanges. I think it's...

The disadvantage of splitting the account this way is the inefficiency of using your buying power. This is not a problem if you just have stocks, just split the portfolio. However, if you trade futures or (short) options and using most of your buying power for this, then you must reduce your...

empee, I was in exactly the same situation, but trading with TradeStation, so I assume the erratic action was on the exchanges. I had PUT 370 March which traded at 4.5 early today. I had a profit target at 8 in place. When the news came and before I could cancel the offer, the option traded...

You're absolutely correct. My appologies!

You could visit http://www.greencompany.com/index.shtml You could find there a lot of information about "trader status", which is the best thing you could do. There are no wash sale rule for "traders" and many other benefits. There are too many conditions for me to elaborate here

This has been a good, professional thread. Thanks you all your insights. I have 2 comments: In order to be a viable trading vehicle, any instrument MUST have VOLUME, which also translates to tighter spreads. As the VIX futures have seen very thin trading, I'm sure the VIX options will be...

The way Ib deals with interest is very transparent on their site and very fair in my mind. Furthermore, the interest you get on your funds is very high. I don't know of any other broker that gives you higher interest. That said, I tried to trade FOREX with IB and didn't like the way IB...

I believe the original question was about a broker failure (took the money and ran). In this case there will be bankrupcy of the firm and SIPC will get involved. This is different then investment fraud that has to do with illegal investment activities, such as insider trading, bogus claims...

Quote from SIPC site: "...When a brokerage firm fails owing customers cash and securities that are missing from customer accounts, SIPC usually asks a federal court to appoint a trustee..." http://www.sipc.org/how/involved.cfm I read it as fraud is a kind of failure. If the broker is...

I'm using both. IB for 99% of all my trading (options, futures, commodities). I believe IB is the best broker out there. The only problem with IB is charting. I use TS for charting platform and I trade a single strategy mainly to waive the platform fees. TS' main strength that almost everybody...

I have two Samsumg Syncmaster 191T/910T and very happy. I also have Dell 24" wide screen and very happy with it as well. The 3 together may be in your budget if you find the right coupons.

I recommend the book: "Come into my trading room / Dr. Alexander Elder".

Oh...one more point: The smaller you start, your commissions, slippage and fixed expenses (such as data feeds, platforms, etc) will take more out of your profits. This will become clear if you make a business plan as I suggested above.

The issue of minimal capital is closely tied to reasonable expectations of returns. To illustrate the point, let's assume that a "good trader" could consistently makes 50% a year and a "great trader" could make 100% a year. I'm not even taking into account the learning curve. You can start...

svtrader, I think at this point it is clear that there is a problem with your computer, not with IB. I suggest you contact IB tech support directly. I believe ET community is better served by IB stuff responding here to issues that affect all IB customers.

I have 3 tabbed pages and 4 tabbed option trader pages with a total of at least 100 symbols. I also open at startup few book trader pages, charts, execution pages etc. etc. It takes 5-10 sec to start from login page. I didn't notice any slowdown recently.

I use IB for trading and TradeStation securities (TS) for charting. TS will do everything you mentioned and much more. TS will cost you $100/mo, but you can wave it with minimal trading. IB is much better as a broker, so if you trade with TS, I would keep it limited and simple. There have...

TS has stability issues with new versions. I waited 3 month using 8.0 until I upgraded to 8.1 and I didn't experience any of the issues you mention (I was well aware of them though) I don't like TS customer service as well, but you cannot expect any broker to tell you when a S/W problem will...

I have IB for primary account and TS for charting plus minimal trading. I don't know Cyber, but I'm happy with my choice. TS doesn't get a good score from me as a broker, but as for technical analysis, it's second to none.

Tempus, CBOE's definition of "broad based" is not the same as the IRS definition. According to section 1a(25)(A) of the CEA, a security index is defined as broad based if it has 10 or more components. There are other limitations (such as: no single component could be higher than 30% of the...