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Was thinking the same thing, it’s market makers might be wider spreads but NBBO will be whatever exchange it wants to be. This article doesn’t make any sense.

Google bollinger bands. Should throw a formula at you. Could also check out keltner channels, somewhat similar but uses Average True Range to form bands.

https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations Good explanation of free riding violations. I know here in Canada, atleast with any brokerage here we don’t have that rule. We’re allowed to use unsettled funds to purchase more. If your a...

I’d be very careful about leaving stop losses open in after hours. Strange things happen. I’d be more inclined to set some sort of alert, see if theirs any news today justify any huge gaps, then create an order.

It wouldn’t be easy to test. You send two orders from two accounts for 100 shares. One order hits NYSE which has 100 shares so other order hits NASDAQ for other 100 shares since NBBO shows 200 shares on ask. One order hits NYSE first. HFT market makers see NYSE get hit, they move their market...

I somehow feel like we’re going to be in the same situation as the Chinese market a few years ago where every one and their dog was opening an account. It’s like the brokerages are dying for accounts and theirs no more money flowing into the market. First IB dropped their minimum which has...

Depends on your style of trading. With free commissions I’m assuming their going to send a limit order to the best exchange for kick backs ( ECN rebates). It might not be the best to find active liquidity. If you swing trade on the daily or something, your probably going to get traded through...

They collect the ECN fees, for providing liquidity instead of passing it onto the customer. For market orders they sell it to firm that wants the order. They get to jump the visible queue by giving a subpenny improvement. If your a market maker. It’s a tool to work your exposure and spread.

Out of curiosity where is smart routing getting these better prices? Isn’t s brokerage required to seek the best execution ( on lit exchanges)? When I use to have an account with TD, it was quite common I got a .005 cent improvement on the offer if I was buying. If bid was 9.99 and offer...

I wouldn't even consider sending a market on open order for options. Your sending in a blank cheque. If you really wanted in I'd look at sending a marketable limit ( limit order above ask for buy or below bid for sell). Think you'd still be way better off working an order.

Think the business has come a long way. I mean 10 years ago when I looked into trading, the big banks here in Canada were all charging 29.99 a trade. Their down to 6.99/9.99 which is still steep. I can’t remember what Trader it was, but they were talking about getting chart books from IBD I...

Then your stuck waiting for funds to settle from trades to begin another. Don’t leverage up and it’s the same as cash account.

If you want to use averages to determine over extension maybe look at bollinger bands/keltner channels. Just a reminder that theirs no law saying that price can’t keep pushing past the bands.

Blockchain options. Where options are randomly mined and created lol. Interesting to see what financial enigeneers come up with next.

Kind of weird how they mention getting funding from Citadel Securities then at the end mention a primary focus on public retail customers. Whole setup looks like a way to get something like CFD’s in for U.S citizens.

Amibroker be able to do this. Have to code it in but AFL can be very simple or be complex depending on what you ever want. Have to get the data in though. Theirs IB plugin but max symbols is 200, IQFeed, yahoo EOD, Esignal, etc. Also just import your own .csv or .txt files and use the ASCII...

If your looking for Canadian listed ETF’s just go to blackrock Canada or Vanguard ETF’s. BMO has a few as well. I’ve got a holding of XRE.TO which is a REIT ETF. As far as sector ETF their aren’t many. TSX biggest players are gold, oil, weed, financials and lumber a bit.

https://www.elitetrader.com/et/threads/broker-refuses-to-pay-out-500k-in-customer-profits-and-wins-in-court.312467/ Link there to an old story. That Trader was doing arbitrate on the brokers latency I believe. The bigger issue was he was banned but then traded under his wife’s name/account.

Think it’s a Europe thing? Seen a similar add for Amp with a similar disclaimer on ET awhile back. Thought it was a bad way to advertiser lol.

I find myself very humble with possible expectations. The markets are highly competitive and to think theirs any massive edges out there seems absurd. I like to think more in risk/return metrics not simply returns. Like the threads about selling option premium as some debit machine, theirs...