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Neutral Al, I also switched to pairs trading about a year ago. Overall positive results. However, I've generally not had stop loss points. I've either added to my position or waited it out. For your trades in which you have gotten stopped out, have you ever gone back to see how the pair...

I put in a short order for a NYSE after hours recently. The price was below the last trade (which was higher than the market close). The order was not displayed which led me to conclude that the uptick rule was applied. If I had been long the stok my order would have been displayed.

Reminds me of that Canadian gold company (I think it was Bre-X) that went bust several years ago. The stock sored when they announced they had discovered the biggest gold find ever in Indonesia and had the test results to prove it. The whole thing unraveled when their geologist, enroute to a...

I've put most of my funds in bonds, preferred stocks, and municipal bond funds to generate income and then do most of my trading on margin. The current cost of margin funds is 2-3% less than the yield on my other funds so for now this strategy is working OK. Of course the whole thing blows up...

ChrisM A big drawback of pairs trading is limited use of limit orders. I use a limit order to sell short, generally setting it at the ask price. So I minimize slippage on that side. But the buy side and trade exit are normally market orders. If you're day trading pairs, the lost spread...

For testing pairs I use IB. With such low commissions I can start out with just 100 shares each way (although then I'm playing the spread then rather the ratio of the pair). Generally I start out my pair with only 500 to 1000 shares. I feel more comfortable with the smaller size and can then...

I've only had a few problems with IB in the 1 1/2 years I have been with them. After getting their explanation, mulling it over a bit, etc., I've found they were right in every case . . . until earlier this week! I was missing a dividend payment, and after triple checking my data, sent them a...

I've been Pairs Trading for just over a year and now do it exclusively. Yet it's still a bit clunky keeping track of the spreads, executing offsetting trades, etc. For quick hits I've liked IB and they pay interest on short sales (but very low rate and only after $100k or something like that)...

Help. I need a new broker! I have an account with Interactive Brokers and am completely satisfied with it, except that I can't access it from work. Any attempt to bypass firewall security would end my 25 year career. It's the broker that I access over the Internet during the day that I need...

Is there a way on IB's Trader Workstation to display whether a stock's last tick was up or down?

I use to live in Singapore where no tips were expected. You might round a taxi or meal bill up to the next dollar but that was it. It was quite nice. Here I start with 15% in restaurants (before tax!) and then round up. Usually works out to 17-20%. But if a fixed tip is put on the bill, I...

Look at the bigger picture. Plenty of studies showed that when the NYSE went from 1/8 to 1/16 ticks, bid/ask spreads decreased. So on the whole buyers and sellers are better off with the smaller increments. In a free enterprise system (i.e. minimum regulation), buyers and sellers should be...