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def: I understand that IB is way smarter than the rest of the world and so their proprietary Best Execution is a valuable trade secret that should be kept that way. Not! Many of IB's competitors (like Cyber) have had fancy execution options like IB's Best Execution for years. And many...

I've mentioned the need for documentation on Best Execution and other methods to some of the folks at IB. They recommended sending a request to ibmgmt@interactivebrokers.com. That address is for IB Management, and they do listen. Richard

You must use hotkeys with IB. They make all the difference. With hotkeys you can scalp up a storm with IB. It's incredible. (I had a day, actually a couple hours, a few months back when I made over $1K scalping BRCM with only 100 shares each trade!) One of the keys is that you don't...

There are some good groups of traders around in free chat rooms -- sharing ideas and observations to help everyone succeed. These seem like the winners to me. Richard

} TheFinn: } } Rfoulk- } } What constitutes a stock being "weak" or "strong"? When a stock is } "strong" does that mean it sticks to the support and resistance levels } more? Is a "weak" stock a stock that moves too easily (very volatile)? Deciding whether a stock is strong or weak is...

Check out http://www.traderalliance.com They've got free voice and irc chats and a number of good traders. Pay close attention to Gold's calls until you get to know the others in the room. Gold is very good. And he's a good teacher. Good atmosphere, good people, well controlled so...

I'm not aware of tick charts that are configurable as you describe. Perhaps it would help it you mentioned whos charts you're using. Tick charts can be very helpful at times, for entries and exits or for scalping. They can also drive you nuts. :-)

Oh boy. Some trading software is set up poorly for shorting -- like Cyber and Tradescape. They abort immediately if there's no uptick at the moment you press the button. And some software does the sensible thing -- like Castle and IB. They sit and wait for an uptick instead of aborting...

It seems there are as many different styles of trading as there are traders. I consider myself a relatively new and inexperienced trader. I've been hanging out in a trading chat room for a number of months now with some guys that do a pretty good job of teaching things like trading breakouts...

About IB. I switched from Cyber to IB the better part of a year ago. (Was still using Cybertrader charts for a while, since IB doesn't have charts. I now use Raven.) IB takes some getting used to, and is not quite as powerful with executions. But once an execution method is setup it is...

The time frame used to be 5 minutes. Which wasn't enough. Now it's 2 minutes? Cyber is nuts! I cancelled my account a few days back. Had been thinking about it for a while. High prices, poor reliability, and now higher prices again ... Cyber is making a killing on people that aren't...

Cdntrader asks: > How many people does IB have to handle phone > orders when/if your system goes down? Are there > set procedures for this? what can a client do to > minimize the pain of these events? I'm not sure how many people IB has manning the phones at the help desk or the...

jsmith: You have to learn how to deal with IB. It's a great deal for people that don't want to get ripped off on their commissions. I know traders that are saving over $100K/year using IB. To do this IB is heavily automated and apparently has fewer employees than the other guys...

Cybertrader ... Yes, Cybertrader supports trailing stops. And sometimes they actually work. Cybertrader is one of the most unreliable trading platforms around. Very *not* recommended. It seems to have more problems and more failure modes than any other. By far. And their...

Hi Def, It sure would be nice if it was possible to change the execution method on an existing order line. That would make us traders lots of money. A couple hotkeys would go with that nicely too. Thanks Richard

Has anyone else noticed that Island orders don't seem to be showing up on Level 2 as they should? It seems like an intermittent thing. My orders that are better than the current inside ask usually show up (my price and my size.) But my orders bettering the inside bid don't seem to show up...

Know your stock.

kurtiscat I've been using the new Java TWS successfully for a while now through a `firewall' with Net Address Translation (NAT) on. No problems, works great. Your problem may be that your router doesn't supporting NAT well. Or it could be that you've got some security features turned on...

I've been trading for a while but I don't really understand fully how tracking stocks fit into the scheme of things. For instance, how does the QQQ work? With a normal stock a market maker or trader with lots of shares (or the appearance of lots of shares) can move the price up or down...

IB has other advantages in this regard that aren't necessarily obvious. When you close a position you've held overnight your buying power is restored immediately. Most other brokers lock up your funds for a day. IB manages this because they self-clear. (Which is probably the main...