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  1. K

    Day Trading Margin Rules from IB

    While I appreciate your comments and don't want to put him or IB in a tough spot, I would like to know if one can have multiple accounts. I didn't read comments from any brokerage that supported this new rule and I would be willing to believe that most brokerages would turn their heads if they...
  2. K

    Day Trading Margin Rules from IB

    The new rules do seem lenient given the significant discussion that has taken place here and the NASDR rules as handed down. I like IB's additional statement about "additional rules not being necessary for our customers". That was a nice touch. It was inevitable...so I have to ask the...
  3. K

    DO STOPS WORK WELL AT IB?

    Ron, According to Def and the rules posted by IB, it was done correctly. However, I do have a problem with the way they are handling stop orders. Even assuming all of this works the way it's supposed to, we are still locking in significant slippage. In my case, I was long and had a stop at...
  4. K

    IB Questions

    It wouldn't be the first time they've fed me a line. It's Cox Communications (Roadrunner) and I have very little positive to say about them. I have cable and high speed internet through them. In the last two months, the cable has been completely out for 13 days of about 60 and the internet...
  5. K

    IB Questions

    Just a follow-up to error 49. I contacted IB Tech Support and they walked through my connection. "Field 49" being rejected is a connection problem. Some packets are being lost. If your connection is being heavily taxed, you may get this error from time to time. (I am running on a backup...
  6. K

    DO STOPS WORK WELL AT IB?

    From the IB website on stop orders...from Def's earlier post: 4. In regards to NASD stocks, in the case of buy stops IB will elect stop orders only after we see a bid at the stop price and subsequently confirm a second bid. Only after we confirm a second bid will we send in the order...
  7. K

    IB Questions

    Thanks Def. I appreciate the prompt feedback.
  8. K

    DO STOPS WORK WELL AT IB?

    Today they were 100% bad for me. I posted the same question on another thread. Def should be around in a few hours when the Asian markets open. I only had one stop hit today so that's all I have to look at. I'm not sure if it's a routing problem or if I did something wrong but it was...
  9. K

    IB Questions

    I just opened a small IB account today and had some problems. Any help or suggestions would be appreciated. 1. I assigned some hotkeys (up for increase price, down for decrease). I found that they work sporadically. If I highlight the order line they may or may not work. I had to go into...
  10. K

    are my commisions any good??

    I recognize the handwriting. Goodtrader is Don Bright!!!! shameless...absolutely shameless.
  11. K

    general background for this board ????

    33, 4 days of college, Senior IT consultant. Started trading in the mid 80's following greenmailers, now back in the game swing trading PT.
  12. K

    Newbie Questions on Options

    Wet, Optionist has some very good points. I would add that you should read as much as possible about options. I would suggest "Options as a Strategic Investment" by Larry McMillan. One of my first option trades was CSCO. I felt like the stock was going to move up significantly so I...
  13. K

    Is this a virus?

    I'd try Microsoft's website. They usually stay on top of some of this bizarre stuff. The only way the "Welcome" message should appear is if it's your first time using the program. This is controlled by a registry setting. It's possible that something is conflicting with that setting and...
  14. K

    Verifyable Results ???

    I think you've answered your own question.
  15. K

    Day Trading Losers

    I don't have a set figure for a percentage or amount for a stop loss, but it needs to be tight at first, while giving the stock room once it goes your way. I would suggest looking at the chart and finding a good risk:reward scenario. I'll use an example. I can't post the chart here because I...
  16. K

    DATA VENDORS: Which one is the Best????

    I would agree that QCharts is pretty weak as a data provider. The charts are nice and if you like to program your own stuff, it can be a plus. I've had other providers and they all have their problems in one form or another. I agree with the poster who said nobody really has it together yet...
  17. K

    New Daytrading rule in September 01'

    I agree the this would not be a financially rewarding case for anyone. This is a matter of principle and nothing more. It will not affect me as I'm fully funded well beyond 25K, but I remember a time when that was not the case. The only party I had to deal with was my broker. If I didn't...
  18. K

    Huge spread

    Fletch is right, thinly traded stocks are landmines and generally should be avoided. But if you are seriously interested in getting into the stock or trading it for whatever reason... Play from the side you want to wind up with. If you are bullish the stock and don't mind owning it at a...
  19. K

    New Daytrading rule in September 01'

    The lead plaintiff should serve as a good example of the class being represented. The attorney should be able to show, through the specific actions of the lead plaintiff, that his actions were that of a typical trader acting in good faith and making sensible decisions. Further, that the...
  20. K

    New Daytrading rule in September 01'

    I'd say Bill Lerach from Milberg Weiss on the West Coast. He's a holy terror and could argue this pretty well. You need a good lead plaintiff.
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