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Let's look closer: I made money ($1/share) you made money ($0.1/share) guy lost money ($1.10) But, $1 gain+$0.1 gain - $1.1 loss = $0 (that's basically the zero sum, prior to commissions and fees)

NQ you can hedge with eight QQQ options.

Two Buys + One Sell = ? It's up to the broker to decide this. It can count as one daytrade.

version77, Opening 4th position is not yet a daytrade. The 25k rules allow an account to open unlimited number of positions. In short, the rules allow unlimited multiday-trades and max. 3 daytrades. But if you open 4th position there's a risk that the stock can drop intraday like MSTR...

Island is the largest ECN, simply it's reporting its volume/trade mostly through Cincinnati Stock Exchange, not through Nasdaq. Island is getting an incredibly big market share, fortunately/unfortunately Instinet has bought it recently.

Use GTC stop order, it'll be held on Globex servers. m_c_a98 wrote: "Are you telling me that held stop market orders for globex with IB are not based on the last traded price on the TWS? Answer: Yes, IB GTC stop orders sit on Globex. Globex does not watch TWS or Etrade last quote to...

Originally posted by m_c_a98 : This causes problems with slippage on stop market orders because the quote won't update fast enough and you pay more than you should. That's not true, because IB GTC stop orders reside on Globex and there's no Globex stoporder slippage whatsoever due to IB quotes.

With cash account, for purchases, you don't use any sameday funds, because you have to pay 3 dasy later at settlement. Anyway, $0 sameday cash is used for intraday cash-account purchases, because payment is due 3 days later at settlement. Thus, cash accounts don't use or re-use any sameday...

None of the above, I think. #1 will be Island futures Exchange imo. Think of it as Island ECN for futures: electronic, low fees, free streaming SSF quotes, 8am-8pm trading hours. Compare that to the other SSF exchanges: some of them will not be fully electronic (AMEX like SSF Market Makers)...

arbtrader, Island is the largest ECN for sixth Consecutive month : "Island ECN... that for the sixth consecutive month it was the largest electronic marketplace for Nasdaq securities, with 11.2% of Nasdaq share volume and 21.2% of Nasdaq trade volume. Island’s 11.2% market share of...

Why don't you trade Nasdaq 100 Emini futures NQ instead of QQQs? Trading NQ is cheaper, since NQ = 800 QQQ shares and NQ commissions are $2.40/contract or lower i.e. $2.40 for 800 QQQ shares. Because there are no partial fills for buying/selling the equivalent of 800 QQQ using NQ, and NQ...

Great news. I hope that the Universal account comes out soon after the beta testing is completed.

This will be a non issue for stocks that have SSF (= Single STock Futures), because you'll be able to short them on a downtick.

Great news def, I suppopse IB US accounts would be able to trade the DAX and HSI-futures when they upgrade to the "Universal account" ?

Bullfighter wrote: At .002 cents extra for TS, why would you use IB? Answer: First, those .002 cents are 20% higher commission. Second, A closer look at commissions charges reveals that : IB = 1cent/share for the first 500 shares of the order, 1/2 cent/share unlimited TS6 =...

Both is better: IB for trading and TS6 for charts and backup.

ertrader, Futures pit volume is evaporating, how are you going to make money there? The order flow is moving outside the pits. What will you do "without order flow" in the pit? Scalp each other?

I don't think any Canadian broker will be able to compete with IB, if they don't improve their commission structure and trading platform. Here's a list of Canadian brokers and a broker comparison table. Fohat

Traderc, Reminds me of Qcharts, it exhibited the same reprehensible behaviour in a similar situation...add them to your black list.

Precisely. What is the risk of $30,000 account trading 800 QQQ shares or one NQ contract? Answer: Absolutely the same. No more, no less. What is more risky trading with a $30k account: one ES or 500 SPY shares? Answer: The risk is absolutely the same. But on the other hand: Trading...