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I am getting spread legs filled where the individual legs are filled in pennies. Example I put in a .77 limit order and the short was filled at 1.88 and the long at 1.11.

I wonder if the weekly NDX allow penny trading. I just double checked to make sure I was entering orders on the weeklys both at IB and TOS and I was. Very strange....

Thanks for pointing this out FSU. What is strange is that I get executed on penny increments using TOS. How is this possible?

When I enter NDX option sub nickel limit orders (i.e. 0.47) using IB, my orders keep getting rejected. Anyone else have this issue? I know NDX options trade in pennies so I am not sure what the issue is. Thanks

Thanks for the input.

Thanks for the suggestions. I am trying to put on a few paper trades while I am getting my feet wet. Pulling the idea from the spread trading newsletter how does one enter intermarket spreads. I am looking to go long May Soybean (/ZSk2) and short May Corn. Since I cannot enter a limit order...

Thanks jnbadger Innovest11, I appreciate your words of caution. I should have been more specific about my time in front of the screen. I still traded my normal plan but spent much more time researching other strategies. I do see how logging more screen time can tempt one to over trade though.

I initially sim traded my main strategy years ago for a few months before going live in order to determine its viability but I should note that I have been trading it live for a few years. I do paper trade new strategies before going live with them. Yes, I do have a trading plan but, and I...

First day went well. I traded my bread and butter and came out ahead (real money). Made one bone head move, adding to a position when I was trying to scale out but I will have to be more careful in the future. Spent far more time in front of the computer then I would have at the office but I...

I was able to figure this one out as well after watching a TOS video. Thanks though.

Thanks for your help ammo. I must have had another study still on.

Am I doing something incorrectly? If I enter /ZC-/ZS I am just getting both underlyings graphed together and not the difference.

Does anyone know how to chart the price difference between two futures contracts using TOS? I have a feeling that it isn’t that difficult but I am not able to figure it out. I can compare two underlying’s but I am looking for the difference between them. Thanks

Yes, it is more than twice my regular job salary. That is why it has taken me 6 plus years to get here. I wanted to make sure I was in a sound financial condition before making the switch. Thanks for the encouraging words cyoungmark

I have been trading real money on the side for 6 plus years but have been working on several strategies regularly the last two in preparation for quitting my regular job. My trading is discretionary and my risk management has kept me alive.

Thanks for the suggestions. Tomorrow is my first official day being unemployed.

I cannot confirm the one market maker point (although I have heard this before) but I can confirm that SPX is only traded at the CBOE.

For those that care TOS sends orders of 11 or more contracts to actual brokers and everything else to the COB, for SPX.

This is what I was thinking should happen but it occurs often enough where the first 4 orders don’t get fully filled and I get partials on all 6 orders. Additionally, the remaining 1 contract on the 6 orders generally doesn’t get it, unless there is a larger price move, so I have to put in...

Agreed, but it has been my experience that IB doesn’t charge them on index option products so it wouldn’t really make sense that they would be showing up on SPXPM.