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rtharp, You stated that selling covered calls poses unlimited risk, which is not true. Selling a covered call means that you have a long stock position underlying, so the maximum loss you can sustain is the price paid for the stock minus the premium received for the calls (not that a stock...

$7.50 for 1000 share lots and $12.50 for 2000 share lots. I'd say that's pretty sweet.

The other thing to remember about stock trading is that, unlike in regular economics and supply/demand theory, with a stock, short term demand that might exist could quickly disappear as a stock moves the wrong way. People who have bids in for the stock might pull them as they think the stock...

Basically you're talking about scalping. The example you mentioned is fine, but I bet that the BRUT bid was only for a few hundred shares or so. As you can see, your profit was not very substantial, so in order to really make it worth your while for that kind of effort, you'd need to be...

Just a note about the high/low plays and the BP and SR equations MGregor posted-- anyone who tries these calculations out will find that they almost always are close to the day's high and low. However, they tend to be a little better to use (in my opinion) in the sense that the calculations...

And when I'm eating my Cheerios each morning, if there are any broken Cheerios in my bowl the market goes down that day LOL!

I don't think there is any problem with the timeliness of my quotes from IB, as they routinely match up with my feed from Realtick (which I use for my charting and main data feed). I must admit that I haven't done any extensive side by side checking, other than if I'm watching a stock in IB on...

I just made a trade right after the announcement today with no problem, with IB. I'm running a DSL connection at 1.4 Mbit down and 256K up. I didn't experience any freezes of my quotes or execution.

I don't know the specifics of this company, but most reputable firms are SIPC insured up to $500,000 per account, so that if something happens to the firm, your money is still covered. You should ask the firm if they are SIPC insured, and if so, you're fine.

SR3 is a term used by Trade Prospector which is a middle range support/resistance.

Are there any charges associated with any of this that you are plugging?

To my knowledge, you do not have to pay taxes on profits you make trading American markets, just as I wouldn't expect to pay income tax to Japan for trading Japanese stocks as an American citizen. If someone has further knowledge of this or I am in error, feel free to correct me.

Yes, it's important for new traders to fully understand how orders are processed using various execution methods and what the rules and caveats are (i.e. Selectnet, SOES, ARCA). I previously traded with a full service Realtick broker, and now do all my trading with IB. However, I primarily use...

Being that I don't usually use automated stops (preferring to watch my positions in real time and trigger them manually), I wasn't really aware of this problem with IB's stop system. I might recommend to Def, and subsequently IB, that if it is too difficult for IB to hold the stops themselves...

Well, I suppose cost is not an issue here, since after you buy a new computer, monitor and network cards, you're well above a multiple of the cost of just a video card and extra monitor. I'm just curious, why haven't you gotten anywhere with the dual monitor scenario with your current computer...

Don't go by the demo version for much other than to get an idea of how the software is laid out and how to execute trades, etc. There is a great discrepancy between the demo and live account in not only what kind of quotes you can get, but the speed as well. I started with IB for just my...

And if you execute orders through Realtick, you can actually short on a downtick (of course if the NASD were to review the trade they would bust it). Unless Realtick fixed this bug in their execution algorithms, using ISLD or Selectnet (this didn't seem to work with any other ECN's), you could...

I personally use Interactive Brokers to execute my trades, and I subscribe to Realtick for my charting and realtime data. I've previously traded with several other brokers and quote packages, and I feel quite comfortable with the brokerage/data feed combo that I'm currently using. However, if...

I believe that any decent quote package that includes Level II like esignal or Qcharts will have that feature. I know that Realtick (http://www.realtick.com) gives you Level II for NYSE and NASDAQ alike.

AA, As I reviewed IB's margin documents, you appear to be correct regarding the 30% maintenance on the collar and 50% initial on the long equity. However, I have many times sold the stock from a collar that lasted longer than intraday, and was able to buy back the stock at a later date while...