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This was several years ago. I would put in a stock order and then later try to cancel it. I would get a PendingCancel status (the magenta color) for the order. After a few minutes of this PendingCancel status I would call into IB to ask them the true status of the order. They would...

Why don't you be a little more patient and try to resolve your problems with IB internally first? Even though dealing with IB customer support can sometimes be trying, in the end they have always been reasonable to me. This is assuming that you can support your claims with convincing evidence...

Busted trades can happen with any brokerage. Busted trades are usually caused by someone making a typo on order entry. For example, suppose in pre-market trading I put in an order to buy AMD at 69.10 instead of 6.91. Since pre-market trading is so illiquid, there might not be any asks to...

Yes, a few years back I got some delayed fills (by 2 days) - as I recall, I broke even on those positions. There must have been some winners in there to offset the losers.

Just curious about the "4 different ways" comment. 1. Island usually busts before 2 hours have passed? 2. Island usually doesn't adjust? 3. Island usually doesn't try to alter a trade that is less than 10% off? 4. Island usually busts pre-market trades before the opening print is known?

If the price seems absolutely totally ridiculous, don't get flat - most likely the trade will be busted. Just keep the position in your account til settlement date (T+3). If they haven't notified you of the trade being busted by then, then it should be yours. I've had busts come 2 days late...

Since you get no commission break for larger numbers of contracts, I would submit the 2nd order as an independent order. Although I don't know for sure, I suspect both contracts would be bumped to the back of the queue if you changed the size of the order. Right click on the order line and...

This has been my experience with IB: 1. If you try to cancel an order and you see its color status go red, then it is cancelled. 2. If you try to cancel an order and at some point it disappears from the Pending page, then it has been cancelled. 3. If you try to cancel an order and you...

About half a year ago, the Account window seemingly updated once every few minutes - and so you wouldn't know your real position for that time. Back then, I always checked my Executions window to figure my real position out. Fortunately, IB has fixed this lagging Account window problem. I...

I think this means that this was an execution made of multiple fills - if you click on the + then you can see all the partials.

A beginning trader who eventually wants to trade the minis might trade QQQs/SPYs (through IB 100 shares at a time) to get their feet wet. They would learn a lot and bleed less. More experienced traders might test new strategies on the QQQs/SPYs in order to risk less money during the...

From the instructions of Schedule D on page 5 under the heading "Specific Instructions" and the sub-heading "Column (d) --- Sales Price": http://www.irs.gov/pub/irs-pdf/i1040sd.pdf "Enter in this column either the gross sales price or the net sales price from the sale. If you sold stocks...

Isn't trading a meaningless game for personal glory?

I think I have answered my own question after searching around on the web. From IRS publication 550: I am interpreting this as saying that only dealers (not traders) have to pay self-employment tax. Of course, dealers are able to contribute to retirement plans while traders are not...

My trading experience consists of trading securities and options on securities. I have never traded futures, but have become interested in the e-mini ES and/or NQ trading. I have a question about the tax ramifications of switching to futures trading. Currently my occupation is a...

A year ago, daytrading in a cash account was considered fine by many brokerages. It is funny how one day somebody decided to snap their fingers and start enforcing a less than intelligent interpretation of the ambiguous "freeriding" rule. Given the wording of the rule, you can easily come to...

Thanks trader42 and Simon-IB. After reading your suggestions and the user's guide, it all makes sense. Unfortunately (or fortunately depending on your point of view), I have all my stuff written in Perl (I ported the C++ IB socket library into Perl). As far as I can tell, there is no...

Yes. the quote ids appear to stay the same. The order ids change. The problem is that my disconnect/reconnects happen so quickly that I'm not sure I can detect them just by looking for the absence of quotes. Thanks, Carl

I've been trying to automate a trading algorithm using the IB API. It has a list of stocks and criteria for those stocks to determine entry. Once entered, it uses a trailing stop. I have developed this program to the point where if my connection to IB never went down, I could run my...

Yes, I remember the morning that IB tried to show SUPERSOES pre-market indications. What a mess. Instead of the quote just showing up in SUPERSOES quotes, it also showed up in SMART quotes as well. These SUPERSOES quotes were not matchable so it basically rendered the SMART routing...