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Hello Alex, you're certainly right when you want to apply strict risk-control in your trading. As you haven't provided other information about your trading plan, I'd just want to say, that the money-management part of your plan must be coherent with the tradingstyle, the system you're gonna...

You could switch to moving averages, once OB/OS conditions are in and the price keeps trending in either direction. Stochastics ( like most oscillator systems ) is only of use in sideways markets. Once a real trend has been established , you're better of using trendfollowing indicators...

@ Hitman Knowledge is nothing without the skills to implement this knowledge. Skills come only from experience, experience comes from doing - not from studying alone. What will you try to accomplish with your quest ? Being a financial wizard ? Do you really think , knowing all the...

Yoda - just have a look at this : http://www.datek.com/popinframe.html?ref=/bestexecution/index.html&navNumber=3 Datek is friendly enough to publish & update their payment for orderflow, which they rebate to their customers btw. All this data points to a significant decline in trading...

BSAM - can only agree. Many daytraders are still trading Nasdaq stocks and the new rule hasn't been imposed yet for them. We'll have a better picture on the effect of this rule for Nasdaq and brokers by end of September ( unless the NAZ is down at zero anyway until then :rolleyes: ) From...

Can only agree with most other people here. I appreciate IB's attempt to gather info about their customers preferences with regard to more sophisticated trading tools. But I'd rather like to have more markets to trade through IB ( i.e. european stock exchanges, other than UK ) or having IB's...

Hi, the 62% Hitrate refers to all profitable trades ( after commissions ), regardless whether small or large. On the bottomline, your estimate about the ratio of small gainers vs. small loosers is not very far from the truth. Most shortterm trades ( intraday - 5 days holding ) average...

Hello jaan, indeed, what you say makes sense. It's possible to do exactly that in OT. You can define backtest and forward test periods ( either by exact date or by using the number of trading days involved in each test period ). Indicator-optimizing can be restricted, if desired, in...

Forgot to mention : For those new to mechanical trading, looking for a gameplan or education on how to apply certain technical indicators, support & resistance etc. within a gameplan, have a look at the new Sixer.com website before you commit money to expensive software. ( 14 day free...

Hi jaan, I've used OT for 3 years now in it's various versions. 3.0 -2001. Tested almost every kind of settings possible with the EOD versions. Don't know, whether you are familiar with this software. It's not really comparable with any blackbox-systems or the neuro-network kind of...

I think, it's not a question of which way is better, but which "system" fit's your personality and needs. I found out for myself, it's almost impossible for very emotional people, to follow mechanical trading systems rigerously day in and day out. Even when they have the strong desire to do...

As always : it depends .... on various parameters. Among others, the size of the buyback program compared to the float. Normally, one would say, a buyback is good thing, since the company doesn't find any better investment for their cash than their own stock. Very confident about the...

Had running IB's JTWS on Win 98 and it runs now on Win98 SE on a PII 400Mhz / 256MB PC. Together with Qcharts or other RT Software. Never experienced the problems you have. Maybe it has something to do with your ISP ( Proxy )? regards

Indeed, very confusing. As I said, I don't know whether calendar or businessdays will be used. Probably businessdays. In any case, this whole discussion raises more questions than it answers. Haven't asked the SEC, what happens, if I would daytrade the US markets via a foreign broker. I'm...

3 - 5 rule : Isn't that clear enough ? Has been posted twice in this thread now. "New Day Trading Margin Rule : Starting August 28th the NYSE will impose a $25,000 minimum equity requirement for “pattern day traders.” Effective September 28, the NASD will impose the same requirement...

Your statement implies, that all traders trading with IB are daytraders - which is probably not the case. So IB has to make / announce rules for all of their customers - daytraders, swingtraders etc. It is possible that someone who would have fallen under the PDT description up to now...

Generally, I'd agree, that 40K - 50K is the minimum needed if one daytrades for a living. However, say I don't need to daytrade for a living. I have several brokerage accounts and only one of them is dedicated to daytrading, but I don't want to commit more than 10K or 15K + margin to...

I understand you can make 3 intraday roundtrips in a five day period - not 3 per day in this period !!. paceadvantage : Can't follow you, how you came to this conclusion. IB is not trying to prevent their customers from being tagged as PDT's. To the contrary, they restrict all accounts...

Here's -again- IB's official communique as of today regarding the new rule. It clearly says, that sub 25K margin accounts are limited to 3 roundtrips - opened and closed THE SAME DAY wthin a 5 days period. "New Day Trading Margin Rule Starting August 28th the NYSE will impose a $25,000...

Daytrading rule & Amex just chatted with IB Rep from helpdesk, asking whether one could still daytrade AMEX stocks with a margin account < 25K, after new rules will have been imposed for NYSE & NASDAQ stocks. The answer was "yes". This would mean, one could sill daytrade the Q's, ETF's...