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So when they go to pennies, will that convert you or are there still other irritations such as theta and vol crush? Also, out of curiosity, what is your trading time frame?

Maybe I'm missing something, but with earnings season and shorts getting beaten up on this rally, I see so many threads here about not getting out when one should, having the stock gap down/up and getting creamed, not having a stop loss and getting creamed, etc. It seems to me that everyone...

Wouldn't one want to play earnings with some sort of ratio backspread strategy? It seems like buying or shorting a stock around earnings is just pure gambling.

Well, they went from pay to non-pay if that's of any consolation.

Have you used OpenTick on RightEdge (www.rightedgesystems.com)? RE is in beta, but I'm using it now. Haven't used OT on RE yet, but would be curious if anyone else has. I've heard the question of feed quality come up before and I'm not sure that its been answered.

I must admit, I'm almost all technical and nearly automated as well. I do some fundies once a quarter and trade on technicals 100% after that (except if earnings are expected, then I don't trade that stock). I've done backtesting and keep to my backtested code (for entries and exits). If...

Personally, I think 6K is way under capitalized. It sounds like you have a good head on your shoulders though and just weighing the possibility. I would definitely work on building up that trading account and skill. I do swing trading on daily bars and find that I have no real issue working...

I think it depends a lot on a number of factors that you haven't mentioned. Mostly, starting capital and experience. If you've dabbled in it and maybe done decent in the past, keep working on it and get to where it feels like a business. You have a plan, trade the plan, show profits in...

ActiveX events are synchronous by default. I don't know for sure, but would wonder why IB would go out of their way to make that call async.

close to the money.

I'm not sure how true this is, but I always heard that they priced in weekend theta by Friday afternoon.

I'd be interested in hearing of your setups as well. Thank you and continued success.

RightEdge uses C# and VB.NET. It's pre-release software that is shaping up nicely. The next beta is supposed to have broker support. http://www.rightedgesystems.com

Mo, I think they offer more than OpenTick, or at least their data provider list in the software shows more in the drop down. I talked with them and IB is not the only broker they're adding before release. They said that they're going to add support for GAIN (forex broker) and they just...

I'm looking at vertical spread quotes in IB and noticing something I haven't seen before. A bear put spread (DEC 130/126) has a B/A spread of 0.51/0.59, even though the options themselves are still quoted in nickels. An ERTS spread I'm looking at is 3.39/3.10. Are we spread traders still to...

$3500 to open a ToS acct. Hmmm.

I'm in the same boat. Have an IB acct, no real interest in a ToS account except for the software and forking over 3K is a bit much at this stage in the game for me. Maybe after I make my first 10 million, then I'll consider it. :D Maybe I will open a ToS acct and let it sit there, what's...

I had a feeling I'd get that answer. Also, "volatility is real, your gut means squat" was an acceptable answer. :D Thanks a lot for confirming and you're dead on, my market feel typically gets me into trouble more often than not.

What weighs heavier when deciding to open a DD? Volatility or market feel? Meaning, everyone "feels" that the market is over bought at this point and I have that feeling as well. If the market corrects a good bit, it seems like the put side of the DD could get hit pretty quickly. But of...

OK, I decided to buy back my short put so now I'm going to be even more bearish (which is my bias at this time) and will adjust this when my thoughts change. I've effectively "doubled up", but if the market continues to display "irrational exuberance", I'll not be out much at all.