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This is ridiculous. IB makes 70-80% of it's revenue from Market Making. Small, dormant accounts cost everybody money. If you want to park $5K from your paper route somewhere... Open a freaking bank account.

No. Your high school level work is worthless.

Monthly Statements are crucial... For auditing or regulatory requirements... Since it's next to impossible... To evaluate the integrity of an account... Using 253 daily statements. IB currently has a maximum size of 20 MB... For a Monthly Statement. It's much worse than that sounds...

They are a Canadian firm... So cannot even offer Portfolio Margining. The 10:1 is just a sales pitch... In reality you will get half of that or less.

Paulson is the worst communicator I have ever seen. How in the world such a mediocrity became Chairman of GS... I cannot even imagine... But he must be the world's most ruthless corporate infighter. Jim Rogers said to day Paulson is just bailing out his pals... The whole "bailout"...

This is really primitive. Maybe OK for 1998. Everything about a serious trading operation should be 1st class. Dual and multi-WAN routers have been around for many years... Most of the solid ones with real support... Are in the enterprise range of about $1,000. My $250 Hotbrick LB-2 has...

The Hotbrick LB-2 and Xincom 502... Are 100% identical and built in the same factory... Only the exterior paint and labels are different... And possibly slightly different firmware. The Hotbrick is fabulous if you can get it to work... I've had pretty much 100% uptime for the last 18...

Insured by Canadian Investor Protection Fund for $1,000,000/account... Which has NOTHING to do with the Canadian Government... But is an industry insurance fund like SIPC. http://www.cipf.ca/ This kind of insurance works ONLY if a few brokers fail... Is useless in a systemic financial...

The contraction of available shorts at IB... Started about 9 months ago. Of my universe of 200 illiquid, hard-to-short stocks... One year ago 80-90% were available... 6 months ago 60% were available... Today 40% are available. So I can short 80 out of 200... business is still good...

Stock777 has long been on my ignore list... Because the dude does not understand even VERY BASIC hedging strategies. > 90% of all shorting by professionals... Is to create a long/short hedged position... NOT to make a directional short bet. This dramatically increases "market...

Note the 799 List is 100% common stock... I trade illiquid securities related to the financial sector... Stuff that trades < 100,000 shares/day... And it was ALL available to short as usual via IB... I had no buy-ins or liquidations out of 100 short positions... Though Island busted a 9:50...

I'm at IB... and it looks like I can still short. That list of 799 stocks is ALL common stock... Apparently related non-common stocks of these companies... Can still be shorted assuming they are located/borrowed first. Can someone confirm this please...

If true... It sounds like they are going out of business... But screwing their Customers like this is hardly necesssary... Shows you what crooks they really are.

IB is nuts when it comes to liquidating positions... You should not be trading this type of security thru IB... You are entirely at their mercy, minion.

These are not "errors". They are actual small, "outlier" trades... That happen because the Market maker is screwing someone: (1) Maybe an erroneous order is being filled 10% off the market. (2) Maybe the MM lets a thin market plunge/soar to hit a stop some idiot left overnite...

To stay in business as a stock trader in the long run... And have any chance of growing your business.. You profit margins MUST be around 50%... Or 30-40% as an absolute minimum... Plus reasonable fixed costs. Over 15 years my margins are 52%... Any lower and I would have gone bankrupt...

I have made > 1,000,000 trades in 15 years... And have never used a stop... Because that means you are admitting you cannot manage a real-time portfolio... And plan to pay high, additional fees when the market goes against you... Compounding your losses. If you have a professionally...

Roughly since the big changes 18 months ago... I've noticed a lot of "outlyer" highs and lows... Based on small trades that are not available to the public... Often $1 or $2 or even $10 off the market... Probably an order entry error that the MMs carve up like a fatted calf. So something...

This is the thing that most amateur "pairs traders" miss.

Rockfish... Quoting something like the 1934 Act is pointless... Because it's been amended and "clarified" countless times by SEC rulings over 75 years. In the real world of the Securities Industry... One achieves "regulatory compliance" by following the NASD Manual or the NYSE...