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  1. M

    Any options for a guy with a successful robot?

    Can you trade it live with an amount of money you can afford to lose? If so, get started and see how the real market treats you.
  2. M

    $20 per gallon gas in NY

    Some bureaucrat that flunked Econ 101 decided that the government reserve gas should be given away for free?! They could just charge something normal like $4 or whatever, but now everyone with nothing better to do is going to bring their whole family to clog up the lines for people who actually...
  3. M

    Sub-pennying cost investors $1 Billion last year

    Agree with Rationalize on this one. Subpenny issues are from broker internalization, not HFT. Also, if you ignored everything Nanex wrote on markets and just stuck to appreciating their pictures as art you'd probably be better off.
  4. M

    Trading below the NBB - How does this happen?

    AON orders are basically executed by your broker at their discretion, they don't go on the order book in an obvious way.
  5. M

    How to understand the restriction on Fidelity commission free etfs?

    Fidelity is pretty bad at having ETFs to short, although I haven't looked for these specific ones. They honestly have almost nothing on the short side (probably have their own stock loan business and don't give it to the riff raff for free). I can't see why they'd make these ETFs non...
  6. M

    ONE HFT algo made up 4% of all quote traffic last week.

    Yeah, Nanex is full of it, as usual, and just talking up hype and FUD since its good for their business... selling Fear. Think about it - how can you have manipulation without making a single trade? I mean maybe the rest of the market reacts to you (although I assume these quotes were far from...
  7. M

    South African equities?

    Hope that's just a little attitude and not your daily PNL talking. I did research this to some extent and found that of IB, Fidelity and Schwab, none offered access. I didn't check the ADR markets exhaustively, but I didn't find any US ones and did find a few UK ones. Of course there are...
  8. M

    South African equities?

    Anyone know a US broker who supports trading on the Johannesburg Stock Exchange? http://www.jse.co.za/Home.aspx I'd settle for ADRs/GDRs listed somewhere IB supports, but I'm not finding many of those either.
  9. M

    Chinese RTO

    What can they do when the management isn't in the US - send a sternly worded note? They didn't do much to these guys, who did outright fraud with a real IPO not a shell. http://cer8.wordpress.com/2012/06/29/tbet-a-fraudulent-ipo/
  10. M

    Portfolio Margin

    I don't trade those, but ever since FINRA decided to protect us from ourselves, those no longer get useful additional leverage. Guess they'd rather we trade futures? I followed up with ids's offer and his explanation made since in my case.
  11. M

    Portfolio Margin

    I was referring to my present portfolio, which has ~40-50 equity positions, long and short, including big ones in some broad ETFs. In my experience over the past year or so, I start hitting the risk limits around 3.25-3.5:1 or so. Maybe it's just my trading style or security selection that...
  12. M

    Portfolio Margin

    6:1 sounds good, but in practice my long short stock and ETF portfolio starts hitting the IB risk limits a bit over 3:1. I wouldn't expect much more than that, and I'm usually mostly dollar/sector neutral too.
  13. M

    Protecting your strategies

    It might be against some law for your broker firm to do this, but what's to stop some aspiring trader in the broker's IT department from trying to figure out your strategy? If he's got access for his job, the answer is pretty much nothing. You've just got to hope every back office drone is too...
  14. M

    Canadian Debentures?

    Anyone have any interest in Canadian debentures? I want to trade some of these, but IB says they aren't supported. They trade on TSE similar to US preferred stocks. Here's a list - http://www.financialpost.com/markets/data/bonds-debentures.html Does anyone else have a good international...
  15. M

    Wrongful Liquidation Scam

    I know IB isn't know for its friendly customer service or liquidation procedures, but I had a very good experience I thought I'd mention as a counterpoint. As you might guess from my handle, I'm not afraid to run close to the liquidating edge of my portfolio margin. On Fri after the close...
  16. M

    raising funds

    Thanks for the perspective. I'm certainly going to keep trading my own account and not change anything on that front. Still it's tempting to make the most of something that works since you never know how long these things last (and I could double my takehome if I could run at capacity, even...
  17. M

    raising funds

    I've been thinking about trying to start my own fund after successfully trading on my own, but like others here I can't really get the math to work. Estimated capacity on my main equities strategy is only $5-10M, so too many setup costs to just run a buck or two in initial OPM even at 0/30 and...
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