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NO, IRA IS ALWAYS A CASH ACCOUNT.

Can't we say same for all subscription services? I totally buy your point but won't they go out of business if everyone starts thinking like you and me :-D My guess - because nothing is 100% sure in trading world; they happily trade results of their system for sure peanuts...

I was expecting a higher number for annual return for a full time trader (not a buy-hold investor or fund manager). What kind of annual % return a typical disciplined trader makes? Thanks,

Money, Banking and the Federal Reserve http://www.youtube.com/watch?v=iYZM58dulPE <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/iYZM58dulPE&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess"...

You'll get cover-call in a day or two (max). Only people who make consistent money out of this combo is Direxion :mad: Cheers, Sudhaker http://nopdt.com

I was told by Sogo that I can't have two margin accounts with them. But they would let me open other account in my wife's name. My PDT Nirvana technique is bit different... Go long in first margin account and latter (same day) go short in other margin account to lock the profit (or limit...

Me too.

Very true. My AON bid was better than best BID, still it did not show up in any exchanges. Just curious, when it is ok to use AON? Thanks,

Oops - sorry for the confusion. That was a great tip and I searched the internet and almost everyone is suggesting the same. Exchange touches the AON orders only after all non AON orders are filled. Once again, this was a great lesson for me. Thanks a lot.

I was seriously thinking of dumping OH and moving to IB for the same reason, but guess I'll stay now :-) Thanks for the tip. Thanks,

Interesting site dedicated to PDT http://nopdt.com ; Recently launched, please feel free to contribute there :-) We should make a big petition and start sending to SEC. I don't see any MERIT in PDT rule. Cheers,

Yes, it was AON but only 10 contracts of BAC (highly liquid). My limit buy was 40 cents and I could see huge ASK volume (300+) at that price in exchange lookup but my order didn't fill until best ASK dropped to 39 ; and guess what - my fill was then at 40 cents. Was it caused by AON? I...

They won't fill your options limit/stop order even when exchanges are showing bid/ask matching with your limit/stop. It'll result a loss of anything between $10-50 per transaction for average trade size of 10 contracts. Do your math and see if their low transaction is really any saving...

Commissions paid to brokers and margin interest is also the leak in this whole game. They make money regardless what market is doing ;-) Cheers,

Your round-trip commission should be less than 1% of the trade-size. Also your trade-size should not be greater than 20% of the account value. Your trading will be impacted badly if you are not meeting any of above mention thumb rule... My 2 cents.

And I'm loving it ;-) Extremely fast interface and very intuitive. Execution was great, got no slippage. I'm happy so far... New user may have some learning curve. But they give you a virtual account by default. I got to play with their interface while my fund was being processed - virtual...

The Men Behind Obama http://www.youtube.com/watch?v=H02w1bp4TcU http://www.youtube.com/watch?v=gs68T-tO4QQ Thanks,

Can someone please suggest some names here (or PM me)? I guess most of trading client will not connect from behind a proxy server. So it would be great if the prop-firm supports web-based trading as well? Thanks,

I asked their customer support person about API access and he said in very friendly tone "we do not expose API servers to retail clients". Hmmm... Curious George was not happy with the response so he put a DEBUGGER at work and guess what he founds. Request. &lt;EZMessage...

Actually NONE :-) IB is the only one. Yeah, I'm a NOOB (but not a crook or lazy). I see now why IB fan-club is much strong :-) My be I'll also join this club. As a noob my frustration was about the 'modify/cancel fee' and I feel that it will hold me from making good trading decisions. May...