Search results

I sympathize. My loss as a newbie on naked puts in one day was over 150K. My first and only margin call. It took me 10 years to recover. But purely my fault. I had been warned, and didn't listen.

When you read anything promoting or describing options strategies, you need to consider that the actual trading costs to implement those strategies is seldom considered. But the expense of options trading - the commissions and spreads - can kill most strategies. Now, in the case of options...

Would you walk into a casino wearing a sign that says "KICK ME" ?

If you are fairly new to trading, my advice would be to not pursue auto trading until you are much farther along the path. Auto trading comes with its own set of issues, and may just complicate your learning curve. Good luck.

InvestorRT at linnsoft.com email questions: support@linnsoft.com

Effective August 27: Direxion Daily S&P Biotech Bear 3X Shares 1 for 20 Direxion Daily Semiconductor Bear 3X Shares 1 for 12 Direxion Daily Communication Services Index Bear 3X Shares 1 for 10 Direxion Daily Consumer Discretionary Bear 3X Shares 1 for 10 Direxion Daily Dow Jones...

An algo is simply a statement of your strategy translated into computer code. The computer reviews the code, either in real time or in back testing historical data. The real time output (signals) can be traded by you manually, or automatically with your broker. An algo is YOUR strategy. So...

No, I did not subscribe to data. If a subscription is required, I will just return to PRO. Possibly that's my problem. Although with LITE, it was my understanding that streaming quotes are free.

I recently switched one of my IB accounts to IBKR lite to see what it's all about. Using the same TWS classic platform, I see an instrument quoting in real time. But, when I create a new trading order, the real time quote freezes. Is this standard with Lite? Something to do with no data...

What a dumb ass comment. Welcome to my ignore list.

1. Open a paper-trading simulated account with any broker. 2. Open a checking account and deposit your cash into the checking account. 3. When you have a winning trade in your simulated account, deduct trading fees and write yourself a check from your checking account, in the amount of your...

1% interest beats a 4% dividend on a stock that's down 5%. Dividend payers don't offer much protection against market risk. And with an uncertain future, there's always risk of a dividend cut, even with companies that you may deem to be "safe." Look at Ford (F). 6% dividend cut to zero...

That statement makes absolutely no sense. By definition, an unprofitable trader can't even teach himself to be successful. So, I'm going to PAY him to teach me what...he doesn't know? There's a sucker born every minute.

You in fact shouldn't be trading options at all until you can profit by trading the underlying. Learn to drive before you install the nitro tank.

You're asking IB's platform to first log the opening price, then to calculate 5% below the open, then to set a limit to buy order based on the calculation. First, trading equities based on opening prices with IB is often flaky, and I try to avoid it. From my past experience, even their own...

The fact that he highlighted the 10 minutes is a good clue that he is in a Federal lockup, and abiding by their rules. Maybe.

Okay, bet #1: If Senate and White House go democrat, Lindq bets there will be a house/senate vote on a trading/transaction tax in year 2021. Sig bets no. Bet is $1,000 contribution to charity of choice. Bet #2: Vote on trading/transaction tax passes, and becomes law during time frame...

Well, since you are such a straight-up guy, you may want to consider a side bet regarding our esteemed President. Which is, if the senate goes democrat as per our agreement, and Trump leaves office, there will be both a vote and a PASSAGE of a transaction/trading tax. I propose this in...

Well, okay, but I think you just removed your stop loss. So, in your kindness and foolishness, I accept your offer that if Trump remains in office then our bet is null and void. But if he leaves office, the bet remains, and I am betting there will be a vote on a transaction/trading tax. Accepted?

Accepted. Understanding of course that a trading/transaction tax can either be a stand-alone, or part of a larger bill. My risk here is that if Trump remains in office, they may not vote, knowing he will likely veto. Your risk is that if Trump leaves office, you are completely toast. But...