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One way to avoid the problem is to check your funds status through the account management page at 1:50 EST, and adjust your positions accordingly.

CA

Back up in Spokane, WA after 17 login attempts.

I've got the pink screen right now. Quotes are updating, but can't enter orders.

I think Island is down, I've had to reroute several trades manually.

Tonight would be a good time to try. It is a re-run of the Feb 22 show and his picks are still moving.

Get up at 4:50 pst. Catch up on news, pre-mkt action and form a list of trade ideas for the day. Shower at 5:45, put on my work clothes (sweats and t-shirt), eat a light breakfast and get ready for the open.

I don't think haji cares much about risk. This thing could move 20% in a day on any legal news. Go look at the May premiums to get an idea of how much people think RMBS could move.

As you have found out, trading anything less than 100 shrs will result in horrible executions. If I don't have enough confidence in a trade to take a full position, then the trade is not worth doing. Good luck with the journal.

Yeah, but what was strange is that even after they printed the 390 close, it was still trading between 386 and 387 for 10 minutes after the close, before gradually rising towards the 390 level.

How did they come up with 390 for a close on GOOG? It was trading around 386 at the close and then magically printed 390 for a closing price. Offering was completed at 389.75.

That's no different than Goldman building a huge position in the oils and then publishing their "$100 oil super spike report" last year. Again, BVF did not drop immediately after the report came out. It was not until BVF missed earnings that the stock began to fall.

How is what Camelback did any worse than the investment banks writing bullish research on companies that have provided millions of dollars in underwriting fees. As long as what they published was factual, I see no problem. BVF did not get cut in half because of a negative research report that...

It seems like people on these threads are always comparing completely different trading styles. For the average retail daytrader (50-100k account size) who lives off of trading income and regularly sweeps out profits, 1% a day on trading capital is more than achievable. For the fund manager...

I can assure you that a direct access broker like IB, provides a fast enough platform to trade in and out all day with as much success as a prop platform.

This will probably sound crazy to most people on here, but you might try trading for a few days without looking at level 2. About 85% of my trading is on Nasdaq and I never look at L2. On my primary quote screen I only show last trade, my trading platform shows bid/ask and size, but no L2...

I don't know much about them, but RMLtrading has a prop office in Kirkland.

I had a similar problem selling GOOG puts during the panic, but I believe it was a problem with the CBOE instead of IB. I was not getting filled on orders below the market that had been directed to the CBOE, so I cancelled (took a couple minutes for the order status to confirm cancel) and...

Absolutely makes no sense that this is applied to stocks > 1. Pain in the ass trying to place orders while staring at 4 decimal places.

Talked with IB and apparently Island went to 4 decimal places over the weekend. Extremely annoying.