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I've found with IB that when they've restricted or limited trading in an instrument, there's generally been a good reason for it. And in some cases it has forced me to reconsider a stupid move that I was about to make, and helped to save me from myself.

This is a great time to learn how and when to sit on your hands. (After washing them.)

The curse of ETFs in a downturn has long been predicted. RIP Jack Bogle. Selling begets selling, and down and down we go.

I hope you don't plan to write an introduction for a dating site anytime soon.

You carefully monitor news feeds 24/7 for the first report of a coronavirus vaccine. Then you buy anything and take a ride on history's biggest short covering rally.

Correct. The average flipper would be better off flipping burgers instead of houses.

If the underlying rallies, you'll feel pretty stupid holding a short call. Trying to cover a loss with another position is a bad habit to get into. Take your loss and move on.

In both cases, your order is routed to Robinhood. Where, as with most of IB's SNAP orders, it will sit unfilled.

Scalping on a simulator equates to driving on a computer. The reality in heavy traffic is something completely different. It will serve mostly just to teach you bad practices. A very typical path is for a new trader to move from the rush and action of small time frames, to longer holds that...

That's my "unintended consequences" prediction for the day.

Given that his company profits derive chiefly from the financial industry, it's kind of like telling your neighbors that you're planning to sell your house, but you're going to set fire to it first.

Of course, let us not forget that it is $50. for each side. $100. tax for the trade. Thus, for every 100 trades, you're being ripped for $10,000.

Providing politicians with another new source of revenue, at any level, is a stupid idea. They haven't proven they know what to do with what they've already got. It will come out of your pocket and go down a deep dark hole.

Quit bitching here, and take a minute to post your comments to Bloomberg's candidate site: https://www.mikebloomberg.com/contact-us

Unbelievable. Hard to figure who he's trying to appeal to with that gambit. His own publication has railed against an FTT for years. FTT supporters are fond of saying they want to put an end to high frequency trading. That's bullshit. Just a straw man. What they really want is another...

You may want to look at InvestorRT at linnsoft.com. Look for their EOD package with daily data. Of course there is a learning curve, but the language is easy.

If you would have bothered to read beyond the headline, you would have seen this subhead: >> The level of household debt service as a percentage of disposable personal income is at all-time lows going back to 1980.

Following up on Morse's post, the best advice I got years ago was to force myself to first focus on one market, and very few instruments. Give yourself the time to drill down and develop expertise in one specific area. Otherwise you'll just be jumping from one thing to another and adding to...

In a related request, it would be helpful if IB would keep expired weeklies on the option chains at least during the weekend after they expire.

However, as fast as IB's TWS is at confirmations and updating, you will find that their customer service stinks. So don't expect miracles on that end.