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I'm still what you would consider a novice trader. That said, from what I've seen so far there is no Holy Grail. Different people claim to have "solved the mystery" and developed a trading system that has led them to make consistent, profitable trades and high win rates. However, there are no...

Salaries haven't been keeping up since the 70s. That's never going to happen. Something needs to give in order for things to turn around, but it won't be that. Ultimately, supply and demand will win the day. If people aren't buying, then eventually prices (and rates) will have to come down to...

I chatted with an IB rep today. He said it is not a bug and that I was doing it wrong. For those inquiring minds that want to know the proper way read on... These are the steps: 1) Create the credit spread in the Options Chain 2) Click on advanced|'Save' button at the bottom of the Options...

Oh... so, when it comes to ETFs this is a known problem?

I just recently learned how to attach a Bracket Order ('Profit Taker') to vertical spreads. However, in the process of doing so it has an unintended consequence. I think it may have something to do with the way I'm submitting the orders. I'm hoping someone here can explain what I'm doing wrong...

OK - I finally figured out how to use Conditional Orders instead of Stop Losses to close losing trades. Man, TWS is not an easy trading platform for the uninitiated. So, for those that are still trying to figure it out this is how you do it: NOTE: Your trade order must be submitted to market...

Hi Smalfil, OK - I finally figured out how to use Conditional Orders instead of Stop Losses to close losing trades. Man, TWS is not an easy trading platform for the uninitiated. So, for those that are still trying to figure it out this is how you do it: NOTE: Your trade order must be submitted...

I got a response from an IB rep and he showed me how to configure the "Target Order (Profit-taker)" preset settings but under the Combos subheading instead of the Options subheading (not sure if it matters which one you configure). I tested it by creating a mock order with my paper trading...

I'm not at all familiar with TWS' API; I don't know how to use it. Are you able to provide the steps or is there a how-to web article or video you can send me a link for to show me how to do the same? TIA.

Oh, great... so, if you can't get a current and accurate IV percentile using the "52 Week IV Percentile" filter what can you use instead? The "Option Implied Volatility %" filter doesn't rate IV on a scale of 1-100 ONLY. Higher is better, obviously, but without any context how do you determine...

I'm surmising that they feel there's no guarantee that a stock's price will go above (or stay above) the short strike (in the case of a Bull Put Spread) or go below (or stay below) the short strike (in the case of a Bear Call Spread). So, better to take some profits than none. Also, the closer...

Hi Folks, New to Options trading and IB's TWS platform. Today I tried to find a suitable stock to paper trade with and chose Nuan based on its high IV percentile and tight Bid/Ask spread per the Mosaic screener. However, you can see from the screenshot that there's a huge discrepancy between...

Hi All, New to Options trading. I'm mainly interested in selling Credit Spreads and I'm looking for some advice from experienced traders as to what method(s) they use to take profits(?). Do you have a specific profit target that you use or does it depend on the strategy (i.e. Credit Spread vs...

Wow. That's a sad statement. I may have just found a workaround. It's just as well as the ability to specify a percentage for profit-taking appears not to be available anyway.

I've contacted IB several times regarding different questions/issues; I never get a response. Another member on here told me that their Customer Service is actually a lot better now than it used to be years ago. If it's this "good" now I can't imagine what their members did back then that needed...

I am using my paper trade account and I'm sorry to say EW, but yes - I am new to Options trading (everyone has to start at the beginning some time). I fully understand how to place the order itself; that's not the issue. The issue is attaching a profit-taker order to the Parent. Specifying a...

It seems that it's not possible to specify profit-taking using percentages, anyway. I don't think IB's programmers did their due diligence by putting TWS through its paces before releasing it; a glaring oversight, to say the least. In other words, this functionality has never worked. I just...

Hi JSOP, It sounds like you're also very familiar with the level of customer support (or lack thereof) that they provide. LOL It's really very sad, isn't it? I'll reach out to @def but my point is I shouldn't have to contact 50 different chat reps in order to find one that knows how to use this...

You're supposed to be able to specify a percentage for profit-taking but either this feature's not available or it doesn't work at all (major bug). Even though you can specify a percentage in the "Target Order (Profit-taker) Preset section (under Global Configuration) it doesn't take effect when...

Hi BB, Fair enough. I don't expect IB to document every single aspect of the program in minute detail. However, when it comes to setting up Profit Taker (Target) orders I don't think users should be left to figure out that aspect of the program by themselves. I mean, setting profit targets is a...