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Besides making money, trading offers freedom - i.e., you don't have to commute and you are your own boss. What is this freedom worth? If I had the choice of taking a job for 90k/year or trading for 90k/year, the choice would be easy (no to the job, yes to trading). Carl

http://www.infoplease.com/askeds/7-17-01askeds.html

I know the above scenario and pure averaging down are a little different. But still, you are increasing your size/risk as the price moves against your initial guess of what a good price should be. What is your "uncle" point? Would you quadruple your size or quintuple it? Why not use the same...

I'm not sure which API you are using. For example, I use the C++ sockets version. I use the placeOrder() call and one of the parameters for this call is an Order. The definition of the Order class includes a CString ocaGroup. If I modify this field before sending in my order, then the order...

Green means your limit order is active. Blue means your stop has not been triggered yet. When it is triggered, it will turn green. It seems like this will be the case regardless of whether your stop order is native to Globex or not. However, since no one really knows if IB stops are native...

The deadline applies to Island because it had 5 percent (or more) of the volume of QQQ, SPY, DIA in 4 of the last 6 months. Since REDI or INSTINET might replace ISLAND for the place to trade QQQ, SPY, and DIAs, then REDI or INSTINET will be the next to be blacklisted. Pretty soon no ECNs will...

I'm not sure you can get volume information that doesn't have block sized transactions in it. I'm pretty sure you can't exclude MOO, LOO, and MOC unless you could somehow distinguish between those types of trades (don't think you can with RealTick) and then keep a running volume total yourself...

You can filter stocks by exchange. You can't filter by sector - the API has no concept of "sector." If you had a list of stocks in a sector, you can just gather data for that list. But you would have to know the stocks in the sector to make up the list (or read them off a website...

Ok, now I understand. You are correct - it is not a broadcast feed. You can specify something like "I want all the bid/ask updates for every stock on the NYSE" and you don't have to specify every stock (just "NYSE"). Carl

1) My bad about the link - I meant: http://toolkit.taltrade.com Guess I'm used to typing "www" all the time. 2) I'm not sure the TAL API is a "broadcast feed" according to your definition, but I think so. You can set up an application that will receive streaming tick changes for as...

How much do you want to program? The reason I ask is that you can do everything you need to do with Townsend Analytic's Toolkit API (which uses RealTick data). See: http://www.toolkit.taltrade.com There is a learning curve for the API - but you can do almost anything you want with it...

That is not what you've been saying in your previous posts. Maybe you should look at them again. Carl

I'm ignorant. What do you mean when you say SS? Social Security? What was the article? Thanks, Carl

Thanks dr ma - your explanation helped. I'm guess I'm coming from the perspective that your brokerage should not let you trade with money you don't already have in your account (assuming it is a cash account). This stuff about sending money just in time for settlement date is foreign to me and...

I can and have done this at IB. You seem to be treating buys and sells as an additive process here instead of a matching process. I don't agree. Carl

So suppose I start flat for the day, with $10,000 in cash. I should at least be able to buy $10,000 worth of MSFT and then later sell $10,000 worth of MSFT in the same day. How is that a violation of any written regulation? Carl

Can someone explain to me why the second buy is allowed in this example? I mean, either you have the cash or you don't. If you have the cash, then you should be allowed to buy. If you don't, you shouldn't. Note that at Interactive Brokers, if you don't have the cash upfront, you can't buy...

Forgive me if I am misreading you here, but are you really saying that if I have $10,000 in my cash account and I buy $5,000 worth of MSFT and then sell $5,000 of MSFT that I am done for the day? Seems ridiculous to me. Carl

The link you sent me does not tell me I cannot daytrade in a cash account. I don't want 3-day settlement since my cash is in my brokerage account at the time of purchase (enforced by Interactive Brokers). I pay for my stock immediately out of my funds. If I sell the stock, I expect those...

Could someone point me to some regulation where it says you can't daytrade in a cash account? I've read Regulation T and don't believe it says this. Nobody in the past has been able to give me a convincing argument as to why daytrading in a cash account is not allowed. I realize this is how...