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Many thanks :D

So, sold put 5 contracts and collected $399.57 (500 x $0.81 - comm $5.43) in premium. Decided to buy to close the put 5 contracts at premium $0.88 with comm $5.43, so pay $445.43 (500 x $0.88 + comm $5.43). So my PnL = 399.57 - 445.43 = -$45.86, and i have no further obligations with regards to...

Hello, If I sold (sell to open) a put or call, and then close the trade (buy to close) before expiration, what happens to the premium already credited to me? In other words, what will be my actual profit/loss if I closed the trade before expiration either for a profit or loss? Many thanks

Thank you.

No sir, I am not asking for too much, read my post again: "...Not the full details, just an overview" You state: "Be happy with the results he kindly shares, and do your own research and develop your own system...". That is exactly my point, how can you do your own research so as to emulate his...

I did ask neke a while ago how he trades (method/strategy) Not the full details, just an overview. He never responded one way or the other. It's gracious of him to show his PnL, which serves as an inspiration for us ordinary retail traders, but that's all - inspiration (that it can be done -...

Thanks for the explanation.

Why is that?

IB dose not seem to provide the option to specify trailing stop in pips, which is quite weird! I have already contacted their support and they confirmed this. The only option available is either specifying in amount (which is okay if trading stocks) or in percentage. So if you want to submit an...

Hello neke, if you do not mind, what is your strategy? Not the specifics, just the general premise. Are you day trading or interday (entering and exiting positions same day or holding them several days)? Are you taking options on the same stocks you have positions on or taking options on...

NoVoodooHere, you are quite right. Deciphering your IB statement to actually comprehend your P&L (realized or unrealized) when trading Forex requires a Phd in advance accounting! Like you have also intimated, if one cannot easily manually/mentally monitor one's P&L, how would one be able to...

Okay, might have been a bit hasty here, as I have still not found a solution to my issue. Going through the normal process as available on TWS, one significant restriction there is that specify a stop order on the condition, and this makes it impossible to achieve waht I want to achieve above...

i960 and Carrer, thank you for the responses. Point taken and not really here to argue the pros and cons. Just after a way, for my own comprehension, to see my realized and unrealized P&L in USD in relation to my account currency ('the way the bucketshop brokers show it on MT4'). Is there a...

Hi i960, Thank you for your response. By "So by showing it as USD equivalent it'd only be hypothetically valid for that moment if you converted immediately - which is a dumb thing to do due to commissions.", are suggesting it is better to leave it as it is (in the foreign currency? If that's...

Hello all. I am trading Forex (paper-trading) with IB, and my account is in USD. One issue I encounter is the lack of clarity as to my P&L. If I close say a trade on AUDNZD, my P&L is shown in some 'weird' amount other than USD, and it's quite confusing to work out my actual P&L in relation to...

Hi Sculptor, thanks for the reply. Just before you replied, I figured it out. I knew how to attach the condition, but I got stuck trying to initiate a stop order which would appear one cannot do with a conditional order (not allowed), but I figured out a way to achieve what I wanted using a...

Hello all. Anybody knows how to place a trade that will only trigger on the condition that another trade hits a specified price, on IB TWS? Basically I am trying to initiate a 'Stop and reverse' trade. So two trades, trade A say long, and trade B to trigger short if trade A hits its stop loss...

Hi IB-AN, Couple of questions please, as TWX/IB seems simple to use but yet so difficult 1)How exactly does one close orders on TWS. I right-click on an open trade and select close, but I get an order initiated with 'T' / Transmit displayed after it. Not sure whether the order is closed or I...

Hello lescor. May I ask whether you are still using Don Bright's opening method, and/or whether it is still a solid, profitable method to use? Many thanks

I appreciate it's been a while since the last post, but just wondering, are people still using this method / still profitable? Thanks