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Def, a question for you: Does IB compensate its institutional clients for any losses that may result due to IB's system's going down? My guess is that IB does compensate its institutional clients, or else you'd lose their big volume order flow, which not only reduces commission flow, but...

If their systems reliability is high enough, then the amount they can lose will be less than the additional incremental income from higher commisions. Now that I think about it some more, all IB/Timberhill would have to do is perform an offsetting futures positions when their systems go down...

If IB would guarantee making things right (ie, eating losses) when their systems screw up in exchange for a higher commission rate, I would definitely go for that, as long as the higher rate was still significantly less than their competitors. -- ITZ

I will leave IB once the dollar risk of an IB system failure exceeds the potential commission savings for two reasons. Fist, if I was trading in large size, I can lose more during an IB system failure than I would ever save in commissions. True, you can try to hedge with another broker...

Yes, I agree. IB's reliability lately has been very poor. Does anyone (ie, Def) know what specific technical problem IB is experiencing here?

Good luck Sabena in your quest! By the way, you might be interested in hearing what Linda Raschke told us in her seminar about Larry Williams. She said that for that particular contest, Larry's broker did not enforce the minimum margin requirements in the futures positions he was...

Has anyone heard anything new about this policy? Thanks. -- ITZ

Today I spent the afternoon playing around with Wealth-Lab's web site (http://www.wealth-lab.com) I must admit it is pretty impressive. It's similar to TradeStation in that you can define a trading system and backtest it against a symbol. Unlike TradeStation, it can also backtest against a...

Check out http://www.tradestation.com/brokerageservices/default.shtm In particular, "TradeStation Securities clears all its custody and clearing issues associated with equity brokerage transactions through Bear, Stearns Securities Corp." So if TradeStation goes under, your equity positions...

A successful trader is one who can consistently pull money out of the market over a time period that is appropriate for one's trading methodology, in my opinion.

How much did you spend in terms of: A. Time - How long did it take before you became consistently profitable? B. Lost capital - How much capital did you lose before you figured it out? C. Educational materials - How much money did you spend on books, courses, seminars, etc.? ...