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A reversal order is an order to go from short to long or long to short with a single transmittal to the broker. It's a simultaneous closing of the current position and opening of another position in the opposite direction. So if I'm long 10 contracts ES and I want to be short 10 contracts, I...

We are in agreement. IB is not competitive for intraday trading of index products as well as others. IB is good for accounts of family members that I trade as a second user, although I think requiring $10,000 to open an account is just plain arrogance. I've had an account for over 13 years...

I didn't see an announcement, but the CME performance bond requirements for equity products have been lowered. IB probably adjusted their intraday margin to reflect the lower CME margin requirement. Still, IB's intraday margin is nowhere close to competitive, especially the way IB handles...

Maybe if you're trading like 1 contract. In this environment, I would keep as little of my money in an uninsured futures account as I can. But that's just me, and I know the broker has a far greater risk of blowing up than I do.

See IRC Section 1212(c). I believe the provision was added to the Code in 1981.

You want the tax benefit today (carryback) or possibly some time in the future (carryover)? The loss carryback is one of the two tax-favored provisions given to section 1256 contracts, so why not take advantage of it? It is usually a good idea to take the benefit today.

Have a laugh, Hitman. She did you a favor which you will realize when you gain some perspective after additional life experience and making your first million or two. For your sake you will eventually cease viewing relationships from the woman's narrative. The fact that a guy sees being dumped...

This is very true. If we are talking about Manhattan where it costs extra to rent an apartment that allows in sunshine, $350K/year is hardly rich for a family of four and two kids in private school. Almost 20 years ago, on a salary of about one-third that figure I was sleeping in the living room...

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As I said, you like to romanticize. I'm not sure about the therapeutic claims you make about chess, but if I were imprisoned and had few choices regarding the use of time, I would find chess an attractive way to mentally escape from the situation. It is, however, just a game. Responding to...

I used to live around the corner on West 3rd and MacDougal. You obviously have no idea where that little smelly chess store is located. There are no hedgefunds being operated in the vicinity. There was another chess store across the street, The Chess Forum, that I preferred. The owner was a...

He is now facing a penalty of 20 years in prison and has the unlimited pockets of the federal law enforcement machine opposing him. All of his "stuff" and money traceable to him has been confiscated as well. No doubt the feds are acting at the urging of the people in large corporations in favor...

So are you suggesting a reformat of our HD? That is not a practical solution for me, and unless I am certain that a virus on my computer is at fault, which I am not at all convinced about, I won't be taking that route. I have not lodged a complaint until this point because I thought it would...

Your suggestion of a FED bailout is rather ironic, as it is plain that the inordinate risks taken by MF Global was to get itself into the league of too-big-to-fail players like Goldman, CITI, etc.

Too much GTA. <iframe width="480" height="360" src="http://www.youtube.com/embed/nCH1IlOfDTM?rel=0" frameborder="0" allowfullscreen></iframe>

The title of this thread is an oxymoron. To KNOW how to trade requires that you be able to do it. If you can't do it, then you merely think you know but you do not. That is the beauty of trading; it's all between your ears.

Maybe they mean the other boroughs because there is no way in hell Manhattan is 59th. Outside of Manhattan, there are areas that look and feel like a third world country, so I'm not surprised if they include all 5 boroughs.

In my experience, most people do not sue in small claims court even though they may have a good case. The primary reason for that is they have to do it themselves.

If you feel that strongly that you got ripped off and they won't give you a refund, why not sue them in small claims court? It is obvious that you are on tilt and in my opinion you are doing more damage to your own mental health than to OTA's reputation by rehashing the same complaint over and...

You are a moron. This is not the first time you have chirped in to say I am wrong when it is plain that you are barely able to read. Let me spell it out for you. Read slowly and carefully. 1. Nowhere have I stated or advised anyone NOT to take the home office deduction. 2. My objection...