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Does IB's cancel/modify fee apply when you modify options STOP orders? STOP order stays with broker and does not hit exchange unless it is triggered so I'm hoping that answer is NO. Has anyone experienced it? Also BID/ASK spreads are usually too wide at around open or close so my loss will be...

Are you serious? Scottrade never opens during peak hours. I still have account with them but I sometime use it for week-end research. Also how on the earth $7 + 1.25 per contract is a acceptable deal to someone when IB, OH and eOption are there. [eOptions] If you want real cheap and do...

Draw a line around [exchanges & whole wall street setup] and trace the money in-flow and out-flow. You will find it. If you consider listed companies, they are disconnected from this system after IPO. The only money flows back into the system is from their dividend payments. Other than...

To my experience, they all have same fill. Most of the chain does not have enough daily volume so your broker's fast execution system does rarely give you any edge. In my opinion, order routing is more important. So many times I've seen that BID/ASK match is there but order is not executing...

Also trying to repair a bad trade is a trigger for disaster. You take a trade, set stop and just watch. If price moves to half way for target, move stop to BE. Haha - I was told this so many times but I still violate this rule. And once a while get caught in elephant's poop situation. Why...

It's like "quit smoking". We all know the cure for it but still struggle to implement it.

I tried simulated trading but it does not work. Our mind does not screw-up until there are real money involved. May be playing with very tiny position (but real money) will do the trick. Also IB commission is the lowest so the learning will be cheap. My 2 cents.

Indeed! Numbers don't lie. Keep it up.

They are not doing good so FAR.

GMCR Channel <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2689312" />

Do people really get this kind of leverage? A future contract is itself 50x leveraged (not at IB but other places who let you trade ES for 500-1000 margin) and a leverage of 40:1 on top of that is insane. I seriously thought that it was a typo. My bad.

Can't you open institutional a/c (in the namebod llc or partnership) with IB and enjoy low comm + 100% payout. If you have enough vol and mostly add liquidity, you may even get paid for trading. Their comm on futures are pretty good. Just a thought. Looks lot simpler to me.

And if you still think that FED, SEC etc exist to protect us then get your mind checked. This country needs a revolution to get out of this trap and these legal scam. Good luck trading.

Robert, you should seriously think about trade automation. Computers do have nerve of steel (or say silicon) and will not have emotional issues like we all have. Fading is very dangerous setup specially when we keep adding to a losing position. You fade from top and I try to fade from bottom...

Just before LEH crash, a mysterious trader bought a boat-load of deep OTM put. He certainly had the insider info and made a fortune. I read this story somewhere but doesn't it mean that someone also lost same amount of money (as derivative marketvis zero sum game). If someone has insider...

I'm not sure if I'm qualified enough to preach someone with almost 5K post on ET but AAPL has a proven history of creating bubble like this. Just look at the monthly chart and you will know what happens after a parabolic move and wide candles. Someone in this thread has already given a target...

Channel or curve fitting :confused: <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2686139" />

Channel lines act as support and resistance.

My first channel in this thread. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2685664" /> Cheers,

So you were short put. Yes, you can get exercised early :-) Did happen to me few times. Seller has obligation but no rights.