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Phil Purcell the ex Morgan Stanley CEO was a McKinsey consultant...that's how they are...

This is a common "inconsistency" when showing numbers to 2 decimal places when the actual numbers are more than 2 decimal places. You can replicate this in Excel and you'll see what's happening. Cell A1: 1.504 Cell A2: 1.504 CellA3: =sum(A1:A2) Make the cell formatting so that you show...

Go Patrick Byrne! Expose them all. Q: You’ve been rather vocal about your thoughts on Wall Street. What brought this on? A: In some countries… the person who has the ability to allocate guaranteed profits demands kickbacks. It’s the same thing on Wall Street. [Banks] allocate...

Szeven, I am going to tell you something you probably don't want to hear, but it's for your own good. You should try to get a job right now, any job. Even if you are sure trading is what you want to do and it turns out you are right, the best move for you right now is to get a job...

hmm...interesting. i was not aware that absolutely every single daily p/l was positive.

okay, this could be a possible reason Someone would argue that there is no way Trader's Magazine found the entire population (or even most) of the traders under 30 and ranked them. Lets think about this for a minute. How is this even possible? I know for a fact they didn't contact any of...

i have visited this thread on occasion and have read several, but not all, of the posts. for those who say mkskummy and nbbo are fakers, what do you think is the motivation behind them doing this? as far as i can tell, they are not revealing their real names and they are not asking for your...

It may be because you did not register the tws control on your laptop visual basic. Go to Projects => Components and check TWS Activex Control Module.

nice. how much capital are you trading with and how long have you been trading this system?

would you mind telling us the returns you are generating from your system?

say on the fourth day, you do nothing. can you hold the 4:1 overnight again even though your SMA is at $25K? what if on the fourth day, you sold $50K of stocks and replaced it with a different $50K of stocks. you are still at 4:1. can you hold this overnight?

Salvatore: in your example, the additional $100K would make total stock value = $200K. your equity is $75K, so leverage is 2.66x isn't it? Steve from IB (def) said in his example it is possible to hold 4:1 overnight. Can you give an example of how this is possible? Also, if the stock...

What exactly do you need your front-end to do? It sounds like you need something customized to fit your needs. Also, you really can't choose any broker. The broker needs to provide an api interface so that your front-end can connect to it.

do you mean 25K in SMA and 50K in stock? continuing with your example, say something fabulous happens and the stocks in your account double overnight. at next day's open, you have $100K in stocks. your equity is $75K. what is your sma? you then buy up to 4:1 and you have $300K of...

If this is true, then how does this relate to the maintenance margin call? Say you currently have 2:1 leverage in your account. Your positions move against you so leverage becomes higher than 2:1. As I understand the way maintenance calls work, you will not get a margin call or have your...

spreadgod, i'm sorry but i don't seem to be following you. if a person has $50K equity and $200K position, will he be liquidated at EOD to 2:1? or is 4:1 just fine and the position will be carried overnight? can you walk through it step by step so i can see what happens exactly? thanks.

okay thanks. answer: no matter where you are and what you trade, connect to your home server for the fastest connection. you just need to worry about your home server's reset time conflicting with the trading hours of foreign markets.

are you sure about this? say you have $50,000 equity and $200,000 in positions so you are at 4:1. At some point near the close, will the broker liquidate you so that you're at 2:1?

does this mean traders located in the U.S. are better off (in terms of speed) connecting to the U.S. server than connecting to the foreign server directly?

Are IB's servers in the U.S., Europe, and Asia connected to each other with a dedicated line?