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When this kind of stuff is making the news that is a good indicator of a big correction and bear market in the next 12-24 months.

LOL good luck finding a buyer who wants to sink 250M into that. Fancy video etc aint gonna cut it. No one is gonna stick 250M into illiquid real-estate in Texas with its associated holding costs etc.

2725.50 meh.

Going to be interesting to see how my SPY puts do this week. :)

You want a Minimum of 250K before you could even think of quitting your day-job I dont recommend it at 250K. 500K would be a good starting point for trading capital 1,000,000 USD is the optimal starting point.With 500-1M you can trade SPY and hedge your position with options. You want to...

I have a 27inch iMac. one screen. I also trade on my iPhone or iPad when I dont want to go to the office using the Etrade and Td apps. If you want rock solid 24/7 reliability for years, get a Mac.

https://www.reuters.com/article/us-arbitration-interactive-auto-liquidat/interactive-brokers-must-pay-667000-for-portfolio-selloff-mishap-panel-idUSKBN0LM23620150218 Interactive Brokers must pay $667,000 for portfolio selloff mishap -panel "(Reuters) - Interactive Brokers LLC must pay...

I hope not. I would love to see a few more of these events.

The craziest stories are of people losing a shit load of money because someone put in a stink bid/stub quote on some illiquid market at off hours, IB supercomputer considers it a bonafide price and liquidates the guy at the worst fills in the world. then when market opens normally he wakes up...

For sure. Reg-T is Reg-T and you can then make your own margin requirements above an beyond Reg-T but at least you know what your margin risk is. With IB you do not know what your margin risk is, the calculations are real time and determined by a computer. This adds a level of uncertainty since...

The funny thing is I pretty much wound down all my portfolios in Janurary and was p I always hedge. I like to define my risk level. The problem with companies like LJM is they did not hedge worth shit so they had no defined risk level and were greedy wanting to collect the entire thing. like...

Standard Reg-T margin requirement.

you cant. The IB Algo could liquidate you at any moment. Even a bug etc.. could make a mistake and you can lose tons of money. I stick to TD and ETFC.

This is why I would never open an account with IB. I do not like having some unknown algorithm deciding to liquidate a position regardless of risk level just because it found a risk where non exists. How the heck are you supposed to trade if you cannot factor in your risk factor and manage it...

I paid my tuition today of 600 bucks due to order entry mistake LOL (I was using the iphone) for trading instead of my desktop. (lesson of the day when using different platform take a little extra care in order entry) The spread was wide so I had to pay the piper to reverse the trade. You are...

I sold some OTM SPY puts for 2.10 bucks a pop with 2 days of expiration. way above typical prices. all worthless now but imagine being able to sell these things every 2-3 days for those premiums. :)

yeah I made about 8K this last few days some premiums were inflated. (I did hedge of course just in case). things are slowly getting back to normal. I do hope we keep VIX over 20s for the next few months. I did lose some money on a fat finger trade, My first fat finger trade ever and it cost...

Yup looks like the name is gonna get them in big trouble. lost most of its value despite touting its ability “to deliver solid returns while maintaining risk parameters” in its most recent annual report to shareholders. “In truth, however, [the fund] was not focused on capital preservation...

Oops fatfinger trade. ate into my profits. Somehow using the mobile client I hit buy to open LOL. I closed that out super quick. Market maker made some easy money today :)

wow they were listed, what did they do wrong? Haha, IPO was a disaster closed 40% lower.