Search results

  1. L

    How much should a "good" trader earn?

    We seem to agree on this point, although we must have had entirely different approaches to trading: In the very beginning, I was extremely conservative. I had $30k in my account and traded 100 share lots with $0.10 or $0.15 stops. Now that I have approximately twice as much in my trading...
  2. L

    How much should a "good" trader earn?

    I don't quite see your point. Sure $1M sounds a lot to the average guy, but once you have more money, you can risk more. It's the same in every business: If you operate one restaurant you risk maybe half a million, if that, to make a few hundred thousand dollars a year. If you grow to a...
  3. L

    How much should a "good" trader earn?

    I have always wondered who actually has to put up the money. If you buy $20M worth of stock, you don't actually need $20M cash in your account. But does the prop firm need it? Or do they have their own credit agreement with the clearing firm? Also, the clearing firm does not really need $20M...
  4. L

    How much should a "good" trader earn?

    But that would be the kind of account you blow up a few times. You can trade 1 lots in a $5000 account, and if you're a decent trader you could probably make 100% every few weeks or months, but every once in a while you will lose everything and need a fresh $5000 to start over. Or you could...
  5. L

    TICK and TRIN at IB

    vehn, thanks for the link! bundlemaker, I write my own charting applications which take their data from IB TWS. I don't know about your computer, but on mine all the full-blown chart applications take up a LOT of CPU and even introduce a delay of probably half a second before you actually...
  6. L

    TICK and TRIN at IB

    It's not about being able to afford $80, just a simple suggestion of a small improvement. I'd rather pay IB $5 for exactly these two symbols than pay $80 for a memory and cpu hog of which I need <1%. Of course, everyone who claims a trader should be able to afford $80 a month for a data feed...
  7. L

    TICK and TRIN at IB

    Ok. Here's the deal: TICK and TRIN are indicators that I am sure many wished were provided by Interactive Brokers. Of course, IB has to implement these new symbols, maybe even calculate them based on stock data, certainly distribute them to their customers, and all that costs money...
  8. L

    What is up with all the anti-IB threads lately?

    Although I am not sure I said 5, I believe you could be referring to me. In 2 years, I paid IB (and I'm only estimating all these numbers) $10k in commissions and had 5 stops which cost me on average $20 per order. That's a total of $100. Again, all these numbers are estimates, but the loss...
  9. L

    Somebody tried to rip off my IB account and wire money to New Zealand

    The little garbage disposal thingie that Americans have in their kitchen sinks? Just remember not to turn it on accidentally.
  10. L

    Somebody tried to rip off my IB account and wire money to New Zealand

    IMHO, firewalls at home are pretty useless. The people who have firewalls are usually the ones who open e-mail attachments or have Outlook Express configured so it opens them automatically for them, they download and install programs or things like flash presentations without ever scanning...
  11. L

    Somebody tried to rip off my IB account and wire money to New Zealand

    Regarding nonchalance, do you really think ANY monkey with a headset genuinely gives a hoot about your account or your money? I'd rather speak to one who is cool, calm, and collected than one who only fuels my own panic by chiming in. What use would that be?
  12. L

    Somebody tried to rip off my IB account and wire money to New Zealand

    The thing about the kind of spyware I was talking about is, it does not matter how secure the connection between your computer and your broker is of how secure your brokers servers are, as long as you enter the password using your keyboard, each keystroke will be intercepted and transmitted to...
  13. L

    Somebody tried to rip off my IB account and wire money to New Zealand

    I believe IB only sends money if the receiving account is in your name. The reason why the transfer in question did not go through was insufficient funds. But that does not mean that it would have gone through if only there had been enough money in the account. The names would still have had...
  14. L

    Somebody tried to rip off my IB account and wire money to New Zealand

    Are you going to finish this sentence? Let me venture a guess: Your e-mail password is the same as your IB password, and you did not change either for a period of several months. Alternatively, you could have kay logging spyware running on one of your computers, which will send all your...
  15. L

    What is up with all the anti-IB threads lately?

    I don't know about this, but I get the impression that if C++ gets an itch it simply scratches it, while Java needs to put a condom on its finger first to avoid contamination, and of course the condom has to be requested from the remote host and kept in the queue until all its permissions are...
  16. L

    Tax Advice

    They know that if they give us a basic answer to our question, we will be able to do our taxes ourselves. All that separates us from doing that anyway is that we don't want to spend hours reading moronic tax law (like "multiply by 115% if you are not a fisherman making more than $367129 per...
  17. L

    1% a day and MM

    I concur. But Tango is actually getting free advertising for his thread every time one of us bumps it up to the top of the list.
  18. L

    1% a day and MM

    Are you still holding?
  19. L

    What is up with all the anti-IB threads lately?

    It's probably just a natural correction: IB has been growing so fast and been praised so much that 1. customers are plenty, and 2. expectations are high.
  20. L

    bond futures

    IF it loads... What annoys me most is that it's always the morons with the slowest servers and conncetions who have the most gigantic high-resolution logos and the most elaborate flash presentations on their websites.
Back
Top