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This is a BIG deal... And IB pays you interest on the short position on principle... While everybody else just STEALS that interest... Because it's an Industry Tradition to Screw the Customer. I'm usually 60/40 long/short... So this is probably worth about 2.5% additional return year...

The OP is 100% at fault for making a series of disastrous trades. If the OP does not start applying max CRITICAL ANALYSIS to his trading NOW... Then the OP will forever be just another donkey... Forever ** giving money away ** to professionals until it runs out. This is no time for...

Max drawdowns is the FIRST stat I would want to see. Hobbyists that are trying to turn 20K into 100K... May reasonably tolerate drawdowns in the 20-30% range. (Anything more than that... your risk of ruin is almost certain). Professionals running a stable million dollar business...

You signed a contract when you opened your account... Giving your broker the right to do virtually anything... If you go and try to blow your brains out. Your ** lack of experience **... Is the reason your account got wiped out. These are golden opportunities to learn life-long lessons...

Most of your OP is OK... But here you are DEAD WRONG. It's like saying "only persistence" is required to be: (1) A world class musician. (2) An NBA basketball player. (3) A feature film director. Nothing could be further from the truth. Talent is 90% of the ballgame... as it...

It's the reality of the business world. No matter what contracts you sign... If someone has your money... They can just say, "Sue me". There is only one way to protect yourself: You have to be someone they will CHOSE not to fuck with... Because you can win a legal battle and take...

You just signed a completely one-sided contract... That leaves you with virtually no rights... And entirely at the mercy of the prop firm's idea of "self-interest". But this is fairly typical of the US securities industry... Whenever a "mouse" signs a contract with an "elephant". Only 2...

The "blunt hammer" approach is standard IB business philosophy... Meaning the Customer is not relevant. As a software engineer... My professional opinion is that IB's security follies over the last 2 years... Are beyond JOKE. I'm happy that IB is ** finally ** checking LARGE WIRE...

There is an entire industry of financial products aimed at professional trading operations... Thomson Financial, Reuters, etc No serious operation would use the flaky, free quotes from IB... Maybe only in a short-term emergency. IB is not in the business of providing reliable, redundant...

Chris Hitchens is Top 3 brilliant writers I read... Along with Mark Steyn and Bill Simmons. But his main arguement that there is no God... Because idiots do evil in the name of religion... Is simplistic, proves nothing, and is not worthy of an intellectual.

Your general thrust does not make logical sense. You propose to compete with various highly skilled and corrupt insiders... While being an outsider... And getting your information third hand and watered down.

300 trades is statistically insignificant. Thank you for making this thread even "stupider".

No... you are a realist. An interesting aspect of this... Is that IB probably has the best Market Surveillance in the business... As opposed to many large Wall Street dinosaurs that have ZERO Market Surveillance. IB probably knows with some certainty... Which insiders are ripping them...

This is a great point... But using insider information to load up on options before a Big Move... Is a great way to get caught... and can result in quality Jail Time. IB has moved from straight Broker... To very conservative Market maker... To MM that takes many directional positions all...

Your post is OK... But let me make my point differently... Point out what makes you "better than the rest". Remember in Grade 6 when you were 11... There was always the "math genius" that could do high school level math... And, in reality, was so far ahead that he might as well be...

Can totally relate. I can make $2,000 trading during the day... And that evening be really pissed off by a mistake or bad beat in an $11 SNG.

The typical spread on an NYSE stock that trades 50,000/day... Is $0.03 to $0.08... So I scalp for $0.04 to $0.06 all the time... About 400 trades/day. (10 years ago the same stocks had 0.25 or 0.375 spreads... easy money). In a fast market today the spread can widen to $0.20 to $0.50 or...

Learn to live with it.

This is a big deal for "illiquid" stocks... Which I define as trading 5,000 to 100,000 shares/day. (Perhaps one third of NYSE stocks are "illiquid"). "Illiquid" stocks often spike temporarily... For a few hours... But are hard to short... Because they "revert to mean" without an uptick...

Trading and poker and sports betting are Zero Sum Games... (If one ignores transaction costs)... While long-term investing like Warren Buffet is NOT. ** All Zero Sum Games are similar **. They attract every math genius on the planet... Like moths to a flame. And since only 1-2% of...