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I've read through their site, and unfortunately they say nothing regarding wash sales that occur in the middle of the year.

I've been reading through related threads, and some people give the advice that if you don't trade in December and January, then you don't have to worry about wash sale rules. So, it seems that my previous post is correct. However, does the IRS still require you to document ALL wash sales...

If I buy and then sell the same equity twice within the same calendar year (i.e., I am completely out of the position prior to the end of the year, and assuming that I don't subsequently enter into a position in that same equity during the first 30 days of the next calendar year), then wouldn't...

Great suggestion. Thanks for your help!

I'd like to use IB's Excel "sample" spreadsheet to carry out more complex conditional equity orders. However, I'm not sure if the spreadsheet is well tested, specifically with respect to submitting conditional orders. Has anyone ever used the built-in TwsDDe.xls file to submit conditional...

But doesn't that just guarantee that you would get out at the opening bid, and not necessarily the opening price? That's can be a significant difference with illiquid stocks.

Thanks to all that've responded so far. I'm primarily in NASDAQ stocks, though occasionally in NYSE stocks as well. I don't mind getting bumped out of my positions; my goal is purely to get out on average at the open. I figure that with a tight trail, if a stock opens and then moves quickly...

I'm trying to exit long positions in multiple stocks at the open.

Nobody has any opinions on this?

Although I understand that people advise against such a strategy, I'm trying to come up with the best way to exit long equity positions at the open. I'm trying to devise a way that would, on average, get me the best price possible, or, at worse, as close to the opening price as possible. Some...

No question her offense was inexcusable, but 50 years (and another 10 years for evidence tampering, to be served concurrently) seems a little extreme. Some people say that her being in the healthcare profession makes her crime all the more heinous. I think instead that it shows that, prior to...

Same problem here, and IB's tech support was out to lunch. Only after ten minutes did the quotes start catching up. Good thing my positions didn't go south in the meantime!

I''d agree. If anything they should keep it fixed and focus on increasing the money supply. Credit is already cheap. All we need is an injection of liquidity to get businesses to take advantage of it. The last thing we want is more air in the real estate bubble.

Don, A kid straight out of undergrad won't have any meaningful capital to enter into your program, and would most likely rely on his parents for funding. Under that premise, the greater challenge for you is in convincing the parents, most of whom would be ten times as skeptical of your...

Stop losses have always been difficult for me to model on backtesting systems, particularly on overnight holds. However, for a system that is based on intraday trades (I'm using 5 min bars), what's the best way to model a stop loss? My approach would be the following (using a long position...

I've read everywhere that the normal trading times for the NQ is 9:30 to 16:15 and that the afterhours market is from 16:45 to 9:30 of the next day. So, presumably, the greatest liquidity is during the normal trading hours. However, I bought the NQ03M data from www.anfutures.com, and in...

Well, after this thread, I'm convinced that conservatism is key, and that any scalping system that relies on capturing 1-2 points just won't work. Thanks to all for sharing your thoughts.

That sounds pretty extreme, particularly for a scalp. Wouldn't it be better to say that for a long entry, if the open of the next bar is lower, then use the close of the previous bar, but if the open is higher, than assume the open? In other words, use the higher of the two for the buys and...

Thanks for your input. Interesting approach, targeting the open rather than the close. I was wondering though, when you put in an order for the open, is it a market order?

First of all, thanks to all who've been answering my questions so far. I'm backtesting a system now (in Excel) that scalps the NQ based on price movement. The system generates roughly 10 trades/day, with entry/exit prices based on the 5-minute bar closing prices. When I assume only...