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Does anyone have the official explanation for them allowing it to stand down 10%? This seems inconsistent with prior rulings, and the stated policy (fudge factors notwithstanding). Save the conspiracy theories - I'm wondering if someone has something from the horse's mouth.

Quote from IronFist: 1. Is it possible to successfully daytrade making only 1 or 2 traders per day? It seems like all the posts I read on here where someone relates a day's experience involve scalping and making 100s of trades per day. I don't want to do that. "Daytrade" should really be...

? Unless it somehow recovers, the 25s will go out worthless, too, even if you can get something for them. You'll still likely be wearing the stock Monday.

A "Level 2" screen that shows ECN market depth, similar to the following, for listed stocks. It should be integrated with the top of book quotes from other venues (i.e. NYSE, CAES, etc.), or NYSE OpenBook if subscribed.

I would bet that they've gotten more rigorous about it in recent months :)

I don't know what good the average spread in cents is. Big difference between AMAT and AMGN. Those numbers seem high even for MSFT - an "average-priced" stock. If you really want to swing that kind of size, and are not into learning how to execute yourself, I'd separate the issues of data and...

Look at the header in the Cash Activity section from which you copied the transactions. It tells you the currency applicable to that section. I'm guessing it's USD from the odd amounts.

Looking at one of the most liquid contracts in the world - the ES - current overnight maintenance margin is $3150, or 63 points. Intraday reduced margin at 50% is 31.5 points - just a 2.5% move. 25% would be just a 1.25% move. $500 (like some firms advertise) is just 0.8%. Picture a 9/11-type...

I was talking about INET specifically. There could be a similar issue with GLOBEX. Also, last sale may or may not reflect the settlement price, and it may depend exactly when you look at it.

I have an INET execution feed from another source, and the prints occur in reverse of the "expected" order. That is, if INET is offering .50 at the inside, and someone sends a buy to INET that sweeps the book up to .55, you'll see the .55 prints first and the .50 prints last. I believe they show...

100K shares of what? GE/IBM/AAPL/INTC/etc.? Pink-sheet stocks?

It's not surprising to see updates happen "immediately", at least as far as can be perceived by a human. Most MM firms make markets electronically. The time between you pressing the "T" button to when you see an updated "bot" quote in a related contract can easily be 100-300ms if the MM (whoever...

I'm not sure what you're argument is. You seem to say you disagree with me, but then you make my point again later. The exchanges/regulatory agencies set margin requirements based on risk parameters determined by various means, and these are considered reasonable by most. Cutting those in half...

It seems that last time I had foreign (non-USD) data fees (maybe IPE when they started charging), they were deducted in USD. Why not look at your statements for the day data fees were deducted to see what they did? This month, it was on 07/11.

Auto-liquidation is not a guaranteed failsafe. Markets do not trade continuously, nor do they trade in an orderly fashion in the face of black-swan events. Basically, if something bad happens, you can get a huge gap, and auto-liquidation does nothing but stop the bleeding. There's a _huge_...

Like others said - know the rules for each product and act accordingly. That means you have to go to the exchange website and study. Also, they have a habit of changing the rules with very little notice, so look frequently. I remember the day of one of the big silver crashes recently when...

Option Trader: I re-read my post, and it is correct. I took the time to carefully describe what happens, with the exact names of the fields as shown for a real account in TWS, and on the statement. If you are an actual account holder, and your experience was not the same as what I described...

Quote from Option Trader: Unless IB did something crooked, I don't think you are right; when the "Accrued Interest" decreased, the "Total Cash Value" did NOT increase the next day. Crooked? I give up.

Quote from qazmax: PS Alan is never wrong.... Nice of you to notice. :) I stand by my statement. Newbies have far greater problems (in relative $ terms) than those cited.

There is no such term as "Account Balance" at IB. In the TWS account window, for an account with no positions and no non-base currencies, the relevant fields are: "Accrued Interest" - Updated during the nightly reset to reflect credit interest accrued since the previous nightly reset...