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    How come a stock traded under it's cash holding

    In addition to what Baron wrote: * burn rate, ie how long to go through all it's cash * how many customers, 1000s, 5 or none * backlog, do they have one * special situations: warrents, VC cash-out guarantees, VC interest etc.
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    IB TWS problems this morning

    Quotes on the QQQ only seem slightly off from the ISLD book itself. Have had no problem executing on ISLD. SuperSOES seemed very slow (> 5 secs to go green), so I had to cancel a few orders.
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    Which IB platform ?

    stand-alone is best, even though they are identical. The main issue with the web version is that it will close if you by accident close the internet browser that launched it.
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    Proprietary Trader Trainee Program

    If your GPA is very good, I'd recommend that you contact Goldman and some of the other top financial institutions. Your earnings potential at those place is astronomical if you are good and willing to work hard. 2nd and 3rd tier places often have to offer better compensation packages to attract...
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    Cybertrader Pro connectivity issues

    It's really a pitty that they have/had all the software problems. The platform is excellent and I would not hesitate to use them (again) if I felt that they provided reliable software. When using CyberX I had virtually no problems, but when I switched to CyberTrader the problems began, so it...
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    Qqq, Dia, Spy

    If I remember correctly all profits are taxes at 60% short term tax rate and 40% long term tax rate. It's pretty nice to have day trades get long term capital gains treatment (at least to some extent) !
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    what's the biggest difference between profitable and...

    The main problem is that trading is very stressful and requires you to do things that go against natural instinct and a typical academic education. take loses quickly and hold winners. This is much more difficult than it sounds. I certainly like to hear the "cash register ring", hence tend...
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    Qqq, Dia, Spy

    Ken, Sounds like you're doing great. Trading is very intense and requires focus. Personally, I have found it much easier to focus on QQQ vs trying to find whatever Nasdaq stock is moving today. I used to trade futures, including e-minis (stopped in 1998) but switched to stocks due to...
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    Pattern Recognition and Backtesting

    Disclaimer: The following is based on using TradeStation about a year ago: I found TradeStation highly unstable. A resource and processor hog that never ran for a day without some sort of technical problem. Before signing up I'd recommend visiting one of the user groups on Yahoo or the email...
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    Cybertrader Pro connectivity issues

    I switched to Interactive Brokers. Their commision schedule is very good: 1 cent/share for the first 500 shares, 1/2 cent after that. No time restrictions. This allows you to scale in and out in your time frame, not some arbitrary 2 min window. Also, I find executions faster than with Cyber...
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    Pattern Recognition and Backtesting

    Another one is Metastock at http://www.metastock.com It's showing it's age and is really not effective for accurate simulation of intraday trading (no limit or stop orders for instance) AmiBroker at http://www.amibroker.com is supposed to be good as well
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    Cybertrader Pro connectivity issues

    I had a virtually identical issue with CyberTrader back in January. CyberCorp always claimed that it was my DSL provider, even though their server kicked me off again and again. For me it proved informative to run a traceRT (they also have one they provide on their web site). I found that...
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    E-Mini Size & Cars

    The biggest benefit of QQQ's over NQ is the ability to scale in and out of positions in smaller amounts. If you trade multiple NQ's, then NQ is probably your better choice.
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    Bright Keeping Traders Money

    Personally, I don't understand the "controversy" with pro firms. As a trader you have several choices of how you want to trade: 1. retail with 2:1 or 4:1 margin, regT and the safety of SIPC insurance 2. pro, ie join an LLC such as Echo or LWS. 5:1 or 10:1 margin with capital restrictions...
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    I want to daytrade, but only have $10,000

    If you insist on day trading, I can only recommend that you either go pro or try the mini futures. With only 10k behind you, I'd recommend that you swing trade for while to build your skills. After that futures or pro firms would be a natural step
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    IB Communiqué Sept 21,2001

    another way to provide open position P&L would be to add a "cost base" to the Account Managers 'portfolio' section. Ideally, however, I would like to see the P&L column in the main trading window only reflect current open positions.
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    Can't log into IB today 9/27/01? 10:21am

    Works fine here. I have a stocks/options account.
  18. V

    IB Communiqué Sept 21,2001

    Def, I, for instance, trade a portfolio of stocks. I often have 10 open positions at a time. Maybe I'm getting old, but for me it truly helps having the current open profit immediately visible for all positions. Actually, I don't care if it shows actual P&L or just point gain/loss. The...
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    Can you make a living trading futures?

    with under 25k it's going to be tough on your own. You in reality have two options * trade eminis (ES) very carefully. could work * join a pro firm who will take a smaller account. If you need 50k to live a year, you will need to generate 200% just to be break-even. That doesn't included...
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    IB Communiqué Sept 21,2001

    Does anyone know what has been fixed? The web site didn't contain any new information
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