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90% of trades? for me, closer to 99% of trading would be stopped. wide spreads and no liquidity, welcome back!

bre-x should be read by anyone who trades or invests. it's an incredible story, and it wasn't just confined to the pink sheets...

yeah, obv, transaction tax more important than all other things, but the sub-pennying is an unfair playing field. anyhow, don, thanks for doing the right thing...

thank goodness. i have no problem with subpennying. i have a HUGE problem when i'm not allowed to do it, and my bid or offer sits there vacant while getting 1/100'd away. good luck with this, but i'm not holding my breath.

i agree, but not only the newb trading, but some of the other threads that have lasted forever, where ppl try to show who's a pretend BSD. if the ignore thread feature was there, i'd see other threads which might be of more interest; as is, those other threads don't appear because they're not...

you don't need to, kev. the 3k of "losses" is only if your TOTAL for the year is, for example, -5000. your total for the year is 110k. that's your number, unless you've got 160k in (for example) an IRA gain and 50k in losses in (for example) a regular account.

kev - you should be paying taxes on 110k (165 gains - 55 in losses) MINUS normal deductions (contributions, IRA, etc.). don't remember where the IRA deduction line occurs at.

oops, yeh, i calculated wrong. i'll let others go along with this...thanks for making me put on my thinking cap for a little bit on a non-trading day before dinner...

you'd need to have something so that if you have lost the first two, you can still win. so in this case, you'd have X (first round) +2x (second) +4X (third round) = 200. so your max drawdown can be to about 29. and that would mean open bet about 35.

nazz - i'd bet that's someone who's been booted off this site lots before...

ivan - how many IDs has he come back here with? i knew of several a few weeks ago, didn't know he keeps returning...

trader21 - my non-trading side kept watching that for that as well. but my trading side saw on the dow - a bounce, a consolidation at 8k, a drop (which should have kept going) and sharp reversal up, and then after that, every action of the market, up until the past month or so, has been...

trader21 - lots of volatility in february/march, and may/june. i didn't do as well in the first one, did much better in the second. other than that, my discipline was in waiting for my setups, and then pouncing.

i find i get better fills on IB than most other platforms, esp. NON-direct access.

very good year. some of it attributable to the volatility, some of it to having increased discipline and becoming a better trader, trusting my exit reads more. though i doubt i'll do as well next year, i'm still getting better as a trader.

yesterday was my last day of working for the year. i'll start again on monday in 2010.

neat, thanks for letting us know!

it's not HFT. i've found it's several things (using example for the long side): 1) error 2) someone who really wants to buy shares. the bid will move up slowly at first, then people will start lifting the offer. 3) someone who wants to SELL shares. they'll put it out there, see if other...

and, tradersu, if you cancel an options order, you get charged $1 / contract. some brokers (which charge more than IB) eat the cost of that. IB passes it on. i'm fine with IB passing it on, but it's pretty awful that thee xchanges have decided "we" can't cancel contracts without a fee, or...

well, just searched and he's got posts from this week: http://www.tradingmarkets.com/.site/stocks/contributors/?contributor=Kevin%20Haggerty