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It is not illegal in the U.S. per se, I would challenge those stating so to provide references to the law or case law. It could be illegal if you're doing a set of offsetting trades with no potential gain to transfer money from a taxable to a tax free (i.e. IRA) account, for example if you buy...

Thank you achilles28, I couldn't have made my point about willful ignorance more clearly than you just did. I just listed a sample of the many studies that show all emissions from volcanoes, ocean vents, and other earth degassing at .15 to .26 gigatons/year versus 33 gigatons/year from humans...

Sorry to pick on you Scataphagos, but I want to expose the distinct lack of rigor of those who are for ignoring climate change and your comment is a classic example. Lets talk about volcanos and how much CO2 they emit versus humans. Estimates for all degassing from the earth range from .15 to...

That cuts both ways. Real time means that they can change the margin requirements on you with no notice in real time and your portfolio that was fine 5 minutes ago is now generating a big margin call. Of course since IB doesn't do margin calls they just autoliquidate you, generally picking your...

The delta between the buyout offer and the current trading price represents the market's consensus of the probability of the deal falling through. Its not a risk free arbitrage, because the merger might not happen, even after you tender your shares. At that point PCYC falls back to the $150...

Then thank you for pointing out the obvious, yes brokers have computers and its technically possible to scan for accounts that consistently win. We're in violent agreement on this point. Pretty sure I didn't ever disagree with that fact, I actually said "they're not going to go find your account...

You clearly missed the point of my post. You basically have two choices here. Live a life of paranoia sure that someone is going to steal your precious trading strategy, so you don't trade with a broker, in fact don't even buy a seat on the exchange because, you know, the exchanges have...

In case you didn't know, the Daily Mail is just slightly less sensationalistic than those tabloids you see in the supermarket checkout in the U.S., so you have to take their headlines with a serious grain of salt. Reading elsewhere the proposal sounds like a 1 euro per 1,000 euro fee on ATM...

I think the OP is afraid that his broker, ie. IB or TOS, for example, is going to figure out his strategy and steal it. If that is the case, stop flattering yourself. Any large broker has tens of of thousands of accounts transacting hundreds of thousands of trades a year and they're not going to...

Noncompetes are unenforceable in CA and severely restricted in a number of other states like VA, you may consider moving to one of these places. It also sounds like you are what they call judgement proof. No one acting rationally is going to spend the money to sue you if they know you don't have...

You're just ranting. This is a place people come to exchange ideas on how to make money in markets. If you think the markets are rigged, come up with an idea to take advantage of the way they're rigged and you'll add value to the conversation. Otherwise, if you truly believe this rubbish the...

Its not uncommon for people to vaguely remember an old rule and not take the time to research the fact that its changed. You're unfortunately forced with the impossible task of proving that a rule doesn't exist. I guess you have to just move on, a prop firm can always be more conservative than...

IB's customer service is really to the point of being criminally bad. One would think that the answers a broker provides to their customers at a minimum shouldn't be mutually exclusive and would hopefully approximate the truth. IB is so bad I get the impression I'm dealing with Indian call...

While we're having fun with this, the market cap of the S&P 500 is $19.5T, or if we want to be dramatic about it, $19,500,000,000,000.

Its galling when someone doesn't understand the considerable difference between sovereign debt and consumer or commercial debt and treats them as if they are the same. Its particularly galling when, as Visaria points out, they aren't even consistent in their treatment of it as if it was consumer...

Sorry to drag up an old thread, but I'm stumped on how you would offset a binary position with a vanilla of a different maturity. For example, I'm a market maker and I have a daily binary that expires at 4:00 on Monday, and the nearest vanilla expires at 4:00 on Fri. A customer buys a whole...

Your max loss on the ES short butterfly occurs at 1990 and is 32.4 (40-7.6) or $3240 on a single ES butterfly. Your gain from the 5 Nadex at that point isn't something we can calculate without knowing what you paid for the individual legs, but the max it could be would be $2,000 in the highly...