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After so many pages of bashing I feel compelled to write. I have worked in a retail customer support environment for many years and have been a happy IB customer for over 2 years. I have had several contacts with IB via telephone and chat and email. They have ALWAYS responded in a reasonably...

I'm trying to figure out what the minimum requirements are to trade accounts for other people and do it legally. I want to use IB's new FA account. As near I can tell, the only requirement seems to be a Registered Investment Advisor. I know I"ll need a series 65. I looked at www.iard.com which...

It sounds like some of you think the only thing computers are good for is trading :) . Remember when one of the really huge computer companies way back in the 50's I think it was, stated unequivocally that the whole world, at most, might need a dozen or so computers. It is only the limitations...

I am not a tax expert, but I think I am sure enough about this to be useful to you. Because trader status is unique compared to all other businesses, I suspect that the software is what is at fault. Gains go on sched. D, expenses on C, and no self-employment tax is due. As far as I am aware...

Sir John Templeton, when asked what the number one most important key to his success was, stated: "Gratitude for everything". I have found that my trading (not to mention my life) improved dramatically when I stopped needing more and started thanking for everything. btw- you know all those bad...

I realize traditional scalpers would like larger increments. But some of us love penney increments. The ability to get in and get out in a hurry and lose only a penney or two is fabulous. It has saved me a ton.

Isn't it interesting: One person says "X" works, another says it doesn't. Who's right? Both of course. There are always multiple ways the skin the proverbial cat in any market conditions, but; and this is a big but: your methodology has to fit your personality otherwise the train wreck will...

"Blame others, not yourself" Was that supposed to be a joke? Here is a great example of the notion that trading is 80% pyschology and 20% trading. When you place the blame (responsiblilty) outside yourself you also give away all your control of the situation. I realize the person who said...

I looked for some news but couldn't find anything. Traded 3,800 shares intermittantly. What gives?

Capital gains are reported on schedule D of form 1040. Capital gains are income and taxed as such.

Been okay here all morning in the heartland

I just wish I was IN Hawaii right now, alone or otherwise. The cold, gray, shitty, horrible winter has set into the upper midwest. Enjoy the tropics!

I couldn't trade without them. In particular using the TRIN at the open is extremely helpful. For those of you who suggest these market internal indacators aren't useful and use simple backtesting as the argument: I think that flawed. There is as much art to trading as there is science. If you...

Guys, hold on. Sorry to be giving what sounds like a pep talk, but I couldn't help responding again. First off, keep things in perspective: your still trading, the markets have been around a long time and will be here after we die, and remember what's most import. Are you in reasonable health...

Somehow the universe has a way to test us when things start getting a little easy. I think that's happening now. A shake out is occurring. Only the fittest will survive. Consider your purpose: making money. Be flexible, ask any engineer: the system with the most flexiblity will always win out...

I strongly, but respectfully, disagree with the idea of always trading the same number of shares. You can get burned very easily doing this. Equalize risk, not shares. Every trade say that you're not going to lose more than $X. Van Tharp's books do a great job of explaining how this works and...

If anyone is interested in a real answer to the question read on. This is a thread about a legitamate question, not more PDT whining. An effective way to trade correctly is to have a written plan. A real business plan will prevent you from overtrading, give you a sense of comfort when you...

When using stop limits to get out of a position, set the limit really far away to make sure you're out. And no, you won't get a bad fill. It amazes me how many people say "it blew by my stop" and end up losing a ton of money; yet these same folks refuse to put on a wide limit. Remember, a market...

thx bhds, but I've tried reinstalling multiple times on two machines. Same problem on both machines. Computers are totally different. Crontech sent me a stripped down default chart file, which had no effect. I even tried with hard drive format, clean install of op system, and only SWP installed...

Got zapped out......continuing.... 1-certainty 2-variety 3-significance 4-love/connection 5-growth 6-contribution Significance gets in many people's way. It may feel good to the individual, but it doesn't help him/her progress in any usefull way.