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With a rigorous training in hard science, initially I wish the market was rational and hence predictable so that I would have an advantage over many others. However, trading has forced me to learn one thing, that is, unlike God who is rational and predictable, people are very often...

Everyone has to find his own way. To me, day trading is too hard. My own experience tells me that trading is roughly 90% psychology + 10% technique. To me, being very defensive is the key to control the emotion. Of course, I will miss a lot of opportunities and never become a hero, but I am...

Having a healthy state of mind is the key in this and perhaps any other business. To achieve that, we need to keep our risk at minimal and always be defensive. This approach will make us very relaxed, and feel that trading is just like other routine boring stuff. Of course, we cannot...

We should be reminded that US is the only country which can print US$ at no cost, all other countries have to work hard to earn US$. It would be really stupid that this monetary advantage over other countries is not fully utilized by US. Therefore, I don't believe that the US monetary...

Scalping does not work for me for three main reasons: 1) the trading cost (fees+slippages) is too high percentage-wise; 2) it highly depends on your ability of finding good entries or exits; 3) it is too stressful due to the time pressure.

Hong Hong or Singapore. The American International School in Hong Kong is a very good and expensive private school, and many of its graduates go to the top universities in US.

I would not worry about the economic progress made by China if I were a westerner. I can list various reasons: 1. China has no pricing power. Anything that China buys, the price is inflated; and anything that China sells, the price is deflated. 2. The western countries control the key...

As individual traders, we have to weight risk much more than the profit. However, the financial firms seem to just do the opposite because if they have a huge profit they get a fat bonus, and if they blow up they can be rescued by the taxpayers. To be fair to the average Americans, the...

Dalai Lama has been used as a tool to make troubles for China, and he knows it, so do the US government and Chinese government. What really matters is the national interest, not the so-called human rights; otherwise, we cannot explain that during the late period of bombing on Serbia, the smart...

People or nations are doing things in their best interest. A suicide bomber would be called a freedom fighter if it is in our interest, and would be called a terrorist if it is against our interest. The so called main stream medias are all biased for a good reason. The difference is that...

Thanks, traderNik. I understand that nothing is 100% safe.

Ok, that should be what I need to do now. To be honest, I like IB, but this occasional technical error bothers me. Are you in HK, too?

Thanks, mokwit. Here I got another technical problem with IB. I caanot take a photo of my TWS window, so I export today's transaction report which is shown below: AUD;BOT;1;0.8910;02:18:38;20080317;GLOBEX;xxxxxxx;;; Here xxxxxxx is my account number. It says I bought 1 June contract of...

No. It just says something like insurance from SIPC and additional insurance from Lloyds, which I already know from the very beginning.

I would like to know where they park the cash.

I sent them the email. I got the reply from th TWS window. So I could not find the exact message now. I am sorry I cannot find the original communications with IB. Here was roughly what happened. A while ago I read an internet article which says that the money market is not safe in today's...

I am paranoid, too. A while ago I sent an email to IB about the security of IB accounts, I did not get any meaningful answer except for a few links.

Thank you, jeb9999. I got the statement on Saturday. I have just started TWS, I can see the position now.

Dear steve46, where is your reply? I got the following message from ET: Hello HKIB, steve46 has just replied to a thread you have subscribed to entitled - Daily activity statement error with InteractiveBrokers? - in the Retail Firms forum of Elite Trader's message board.

<Did you do one side or a round trip? > It is one side. <What about your transaction report for Friday, what does it show?> I just had this trade on Friday. However, nothing shows up on the transaction report, that is why I am asking.