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Catoosa, What accounting software do you use? I really need to develop a better system to track trading/accounting on a daily or at least weekly basis because I am really lacking in the up to date accounting department. Do most traders here use excel or quicken. One problem I have...

If you are making 1000 trades a year at 15 bucks a pop the least the brokers can do is provide you with an accurate trade by trade summary that can be used as is for taxes. You are giving then business and thats what they should provide. To have to manipulate your trade by trade just so the...

I traded stocks many years and then in 96 went into futures which I really regret. For me I found it much easier to diversify with stocks. I may have 6 stock positions and not all will do the same thing a couple may stop out and 1or 2 may make some good money. With index futures your whole egg...

How would the margin work in an offset trade? I imagine that if you were funded to trade mini's and then tried to trade a full contract, unless the margins offset there would be a problem and an even bigger one trying to hold over the weekend ( if they would even fill your order!!).

Preventing the big losers is important, especially in futures.those can be the big winners too, I suppose it just depends what side of the trade you are on. Markets like hogs cattle and grains dont have locked market -limit moves very often but when they do if they gap away from your stops...

You are fortunate that IB gave you such a long winded and detailed response. :eek:

The specialist really is not trying to screw you, it not like he waits for your order and does huge spreads to make you crazy. A half point move up on small buys while you see multiple 5k sells :confused: . If I see large spreads I will watch for 10 min to see if it is consistent, if it is I am...

I remember hearing on TV a few weeks ago that NYSE sepcialist profits for 2001 were down nearly 50% from the prior year. When the word manipulate is used lots of folks defend the specialist system of the nyse, one word above I liked was "auction". I would not compare the NYSE to trading pork...

I opened a small account last month mostly to try IB and eventually move more cash there. I have done 3 or so trades and they were very fast. This am I got the empty screen . I mean except for the symbols its totally blank, there is no way anyone with brains would sit entering orders in to it...

Mr. sl4ceo Is it possible to describe the sl4 in only a few sentences. I read the website stuff but still only have a fuzzy idea about what it does. I see alot of references to war, weapons , attacks ,and it has me a bit frightened. What does the software actually tell you? Does it give...

Would you mind mentioning your brokers name or the software that froze up on you? Maybe get that ironed out before any more trades. I know that feeling, point mouse, click and nothing happens.

I have been trading for many years and still have trouble understanding rallies like late Wed. I would say that these moves are mostly futures driven at the start since thats where a moderate volume of buys can move the market considerably. I dont think that the institutions see the momentum and...

The pit traders dont take turns doing trades so they can be properly noted by the pit reporters. In an active market there may be many trades that dont get punched in and in a fast market may get worse than that. Thats why pit audio is used by many since these guys know what to look for and...

All it needs is a bulit in coffee and donut machine. Maybe I can offer that as an aftermarket add-on.:cool:

I have a question though, in a response from IB it was put this way: (begin)We have thousands of customers who keep a few dollars in their account, never trade and tax our systems by watching our quotes. Many of our competitors are public companies who worry more about the price of their...

I figure it this way. If you ran the UT room why trade and take any risk of losing money if you have 100 people paying 250 per month for trade calls( I assume that running a chatroom is not a high overhead business). Anyone here making 25k per month virtually risk free?

So I guess that those left brained traders won't even need charts.:eek: I have used stochastics for many years and started with the stoch in Bresserts product cycletrader and still use it on my daily charts. This stoch is very different from the standard one with most charting software...

Their flat fee brokers are nite and hrzg. I have called Preferred several times about this and they really dont care. Penny uptick off your price is a given. Last week I had a buy for 1k CYMI market order. I got filled 100 sh at a time over a 30 cent range and it was not at all active when my...

How do you get it into excel. I have downloaded it but have trouble putting it into a spreadsheet. Also if they do a trade for 1000 shares and it goes thru 100 shares at a time thats the way it appears on the trade history. Do you do anything to fix that? Preferred has always given me the...

Good plan, but a 6 cent stop loss is what I would consider within the realm of market noise. The spread on that stock may be more than 6 cents. Maybe you meant 60 cents? I guess whatever timeframe you are using to do the trade will dictate your stop. If I could short at todays closing price I...