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    The $4000 / month cofounders

    I'm going to tell you how I look at your offer so that maybe you can understand how other developers will look at this (granted they may have different views, but I think this is a good general base). I make more than $4k/mo from my full time job. Assume I have the skillset to develop...
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    IB Cash vs short term bonds

    I had looked in to this. The problem is that if you buy outside your broker (ie treasury direct), you can't transfer the treasury to your broker for 45 days. This means your cash balance at your broker is reduced by whatever amount you transferred out to buy the treasury for at least 45 days...
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    IB Cash vs short term bonds

    I bought my first T-bill about a month ago on IB. I added a tab at the bottom of TWS and selected "Bond Scanner". Here's some key points I think would be useful for someone who is familiar with IB, but not bonds. Also these are confirmations on some points that wasn't 100% clear to me prior to...
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    Win loss ratios - Results

    You're going to find profitable traders with win rates from less than 1% to greater than 99%. Similarly you will find unprofitable traders with similar win rates. Win rate by itself is nearly meaningless. Maybe someone has a win rate of 90%, but their annualized return is only 4% whereas someone...
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    Who owns the world's wealth?

    If you have the kind of wealth being referenced in this thread, you would live like a king even in Venezuela, but more importantly, you would already have real estate, houses, and other holdings throughout the world and wouldn't be stuck in Venezula, which is why I said localized instability is...
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    Who owns the world's wealth?

    That would be true provided they benefited from stability. With incredible amounts of wealth, (localized) instability isn't an issue and as any trader should know, it is possible to profit further from volatility.
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    Writing Covered Calls on a Married Put?

    There's a few caveats I can think of, but because it appears your primary motive is collecting the dividend (at lowest risk possible), I'd like to point out 2 items that are related to the dividend. 1) you may get assigned on the call and lose the stock, thus forfeit the dividend. the chance of...
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    IB issues not on status page?

    I've seen #1 (no quote on the specific contracts you own) a few times randomly. I don't know a way to reproduce it reliably.
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    Is it common to get "Trading connection lost" problem on TWS lately?

    I seem to be getting it more frequently lately. I just assumed it was something on my end though as we had a lot of wind and rain I thought perhaps there was just an issue with an old (above ground) line in my neighborhood that was negatively impacted by the weather. That said, I've also noticed...
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    Is Stock Worth Anything ?

    You mentioned that you can't walk in to the business and demand your money. This is true, but you can just sell your shares on the market which I'd argue is a lot more convenient.
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    If you're not with me, you're against me

    I was with you up until you posed this question.
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    IB margin numbers on my account

    Yes, to keep the maintenance margin, you have to have "cash" in your account to cover the margin requirement, but the alternative to a 25% margin requirement is 100% paying for the position -- subtracting the cash in your account by $40k leaving you with only $10k cash uninvested rather than the...
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    IB margin numbers on my account

    It's not cash, it's invested in to a position. Would you be more comfortable with it if instead of it saying you need to keep $10k cash in your account that you needed the full $40k? I mean if we took it from the perspective of how you seem to want it to work, then when you open that $40k...
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    IB margin numbers on my account

    I'm not 100% sure if you're experiencing something different from what I'm familiar with due to the currency conversion, but I suspect you're not. Having said that... The $2250 isn't going to change to $0 after your ETF + forex transaction are settled (I have no idea how long forex settles as...
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    Options modeling

    I'm not sure what you're trying to achieve, but IB's TWS software has "probability lab" where you can adjust each strike independently as a per. Blue is the market implied volatility and red is my adjusted:
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    Anyone in Chicago want to meet up?

    I've actually never been to NYC, but if things go as planned I'll probably be there within the next few months.
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    Anyone in Chicago want to meet up?

    Hello, I'm going to be in Chicago either next week or the week after. Haven't nailed it down yet. Anyway I was wondering if anyone in/near river north wants to meet up some evening (it is a business trip and I will be tied up during business hours)? I'm a 35M, software dev (my passion is for...
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    To anyone: I'll be in Chicago mid May. Msg me if you want to meet up. I'm a software dev with...

    To anyone: I'll be in Chicago mid May. Msg me if you want to meet up. I'm a software dev with lots of knowledge of low level systems.
  19. L

    Why is trading so difficult?

    In most hobbies, you are simply challenging yourself. Want to learn to play guitar? You have a set goal and you work towards it. Other people learning to play guitar independently of you have no impact on your ability to progress. Want to run a marathon? Another person doing this, doing it...
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    DITM LEAPS Covered Calls to Collect Dividends

    I assume you mean the Jan 2020 (not June 2020) expiration which I see a spread of $10.30 x $13.15. Share price at time of writing is $32.51, which means the intrinsic value of the $20 strike options is $12.51. When you back this out of the BxA you get the following for extrinsic: -$2.21 x $0.64...
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