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Actually, I was referring to an index tracking the number of new traders as a contrarian signal, not an index of articles.

Someone needs to compile an ET newbie question index.

Even the futures markets aren't necessarily a 0 sum game as a lot of the participants are using it as a way to hedge the physical ownership/purchase of the commodities, such as a farmer who shorts corn to hedge his crop. Even if corn skyrockets and the farmer takes a huge loss on his contracts...

Reserve order. Most ECNs will allow you to set a maximum displayed size (100 in this case), regardless of how big the actual order is (~100,000) in this case. It was just someone that had a big block to uload and sold into a strong uptrend to get a decent price for it. The MM simply realized...

They screwed me last week on a stop order. I had a sell stop market at .27, bid drops to .26 which should have triggered the stop, but nothing prints for a full 60 seconds, when someone else's 1300 shares go through at .26. A full 2 minutes and 25 seconds after the stop triggers, I finally get...

It means that you can make one more daytrade without triggering PDT. Note that you can make no more than 3 daytrades in a 5 BUSINESS DAY PERIOD, not a week. So if you make 3 daytrades on Friday the 1st, you have to sit out until Friday the 8th, NOT Monday the 4th. If somewhere between the...

It keeps you from selling the stock at a loss to get the tax writeoff and then buying it right back to keep your position effectively the same.

Don Bright did a good explanation in one of the chats a couple of months ago. Check the logs.

Are the NYSE rules available online anywhere?

...and he eats for a day. Teach a man to fish and he spends every weekend sitting in a boat drinking beer.

Like most broker's quote feeds, IB lumps prints of identical prices together when the quote rate exceeds a certain threshold. So, in a slow market you will probably see your individual print, but in a faster one it may get lumped together with other prints at the same price.

Thanks Ambush, but I had already found that and was looking for something that specifically addressed the single opening / multiple closing issue. I was hoping to find a copy of the rule I could send to IB customer support, but I guess IB's interpretation is what really matters and not the...

No, I got back from a week's vacation and when I checked my "day trades remaining", it was at 0. Emailed IB and they replied that I was flagged PDT and locked out for 90 days. I checked back over my trades and found that the only way they could have come up with 4 day trades was to count the 1...

Thanks. Do you happen to have a link to the rule? IB just locked my account for 90 days and searching the NASD web site is like looking for a needle in a haystack.

If a single opening trade is offset by 2 closing trades (ie. buy 200, sell 100, sell 100), assuming they all occur on the same day, does this count as 1 day trade, or 2?

DID they fill you at .05 when you could have gotten .04, or are you afraid they MIGHT fill you a penny or 2 over. I had the same concerns, but over the course of a couple thousand trades, I've never seen it happen. Get level 2 (they only charge $5 for it) and watch what happens to your order...

I've said it before, and I'll say it again: as long as I get filled quickly at the inside I couldn't care less who takes the other side of my trade, NITE, Saddam Hussein, or anyone else. I almost always get filled in 1-2 seconds, not quite as fast as IB, but not far behind, either.

1. I like QT - it's what I was using long before I opened an IB account and what I am used to. 2. I find TWS very cumbersome to use and make more order entry errors with it rather than QT. 3. No charts in TWS. I would just use QT for everything, but it doesn't do OCA orders.

Today I shorted NSC at 20.70 through quotetracker. After the execution went through, I went to TWS and did an OCA stop/limit bracket. When I went back to QT, the limit portion had already been executed, even though the price I put, or at least thought I put, was way below the market. The stop...

I've been using them now for about 9 or 10 months and couldn't be happier. With the exception of the first 15 minutes or so after the open, I always get filled in a couple of seconds at the inside.