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Are you sure that a GTC order doesn't participate? This document suggests that GTC orders are included in the opening. https://nasdaqtrader.com/content/ProductsServices/Trading/Crosses/openclose_faqs.pdf Say I have a GTC buy limit order at $10.05 for a stock. How could it open at $10.03 and...

My thinking (as a total amateur): You have to have some way of calculating the value of what it is you're buying and selling. Without that, you can't really tell if the price is "high" or "low". If you have some metric for value, then you can decide the price is good, so you sell some. If...

Interesting viewpoint as it's probably 100% opposite of my own. I never really worried about evergrande as I won't touch chinese investments. I suppose there could be some mild deflationary impact if they default on their dollar denominated bonds, but it doesn't seem like that could be big...

I'll take a stab at that question... A combination of: -supply chain back up -mass firings/strikes tied to vaccine mandate -inflation -increased taxes -increasing energy costs If we had just one of those things, we'd be likely to ride though it, but all of that together? I'm not sure. Say...

Check out the French Mississippi Company. Early 1700s. At one point the market cap was higher than the value of all the land in France. Peak staffing was like 300 employees. Relative to the population of France, I think public participation was "high" although it would be hard to find a good...

Has any else been having repeated issues with asset transfer of foreign shares using IBKR? I've been transferring Swedish stock from Computershare to IBKR and IBKR keeps failing to match instructions. I called today and spent 1 hour on the phone. Phone support wasn't very helpful. Transfers...

This is my biggest worry with SPY: https://www.investors.com/etfs-and-funds/sectors/cheap-stocks-zombie-horde-13-major-stocks-threaten-unsuspecting-investors/ (not all those stocks are in the sp500) It's not that bad yet, but there is a ton of passive investment into the SP 500. The index is...

Yep. It may surprise you to learn this but it's possible for someone to write a book on what they should do, yet still not have the self-discipline to do it. It would be a good essay topic for the class: What did he get right and where did he go wrong? In other news, JK Rowling has no magical...

This is a much bigger deal than many people realize. There are many people out there today, who simply can't manage money. You could give them a million dollars and in five years it'll be gone. Don't believe me, do some research into how things go for many lottery winners...

This. You're risking your home unnecessarily. Just search "mistaken foreclosure". I notice a strong tendency among some to always assume that all contracts are properly honored, and are handled fairly, and that all big bank counterparties are trustworthy. It's not just the banks that are a...

Can it happen based on restrictions in order size? (All or none or do not redecue)

I think what may be going on here is that IB is short the stock and has not borrowed in a timely fashion. If that is the case they eventually hit a threshold where they are not allowed to further short sell the stock. Check out rule 204 here: https://www.sec.gov/investor/pubs/regsho.htm I'm...

You claimed that trading between accounts was "per se" illegal. That would mean that there is a law that specifically says that trading between accounts is illegal. It wouldn't require a bunch of the interpretation and case law, the law would literally say you can't do it. I wasn't expecting...

Neither of the specific sections of the law that is mentioned in the SEC document per se says what you just claimed. Do you have a reference for that? Everything I see is based on intent. For example, NASDAQ's FAQ specifically says that liquidating a position and re-buying that position is...

I can't feel bad for broker 2 because they obviously had some other plan to make money off their customers. Perhaps hoping to sell the order flow. The real problem is all these crazy varying rules for different customers and brokerages. And payment for order flow is an obvious conflict of...

I use Schwab for the majority of US stock. I find their customer service to be significantly better. I feel like the UI is better for a buy and hold type investor. I don't get the impression that they'd be a good platform for foreign stocks though, I think you may see similar high commissions...

This. I have Schwab and IB and use IB for foreign stock and currency.

Interesting read. The rules quoted are regarding deceptive practices rather than self trading in options. It seems like this guy invented a card counting scheme that worked, got kicked from the casino and their legal complaint is that he hid his identity to get back in. It would seem the SEC...

This article was an interesting read. Thanks for posting it. In my opinion the author is confusing readers by calculating improperly. I'm not a financial professional so I could be wrong but... If I want the P/E of a basket of 3 stocks, the proper way to do it is to add the prices, add the...

There is obviously profit if you get the timing right. Se might say, "That's just being lucky." I'd say Michael Burry disproved that. The brilliant part of his plan was knowing when the adjustable rates changed a would force a crash. As far as someone else's car analogy, I'd say it's more...