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Always use limit orders & all their "games" are eliminated. Orders will fill at your limit price. Partial fills only if you pick the exact high/low. SL may get "slipped". UPDATE: Just noticed on their website that: "Order Type & Algos" = "Limited" "Conditional Orders" = "No" ***Not sure what...

1-Quarterly tax payments are just a "guestimate" of income so no need to use an accountant for this. Just get "close" to the amount you owe & make a payment. I use the online tax payment system. 2-IB does a good job of doing a lot of the work for you at the end of the year. They'll have all...

Peregrine Financial Group was a fully regulated (NFA/CFTC) futures broker and still stole from clients. Faked a few bank documents for several years & regulators didn't bother to check with the bank to see if they were accurate. Client account statements (trading activity) were accurate but the...

Close-out deadlines in the graph. (physical delivery futures) https://ibkr.info/article/992 https://ibkr.info/article/568 ***Traded with them for about 10 years but don't recall ever holding till LTD. Usually roll prior to LTD. ***Didn't use the "auto-roll" feature since they have a window...

I didn't read the link you provided but it's from 2010. Rules change. Too outdated to be reliable IMO.

You can contact IB until 16:30 (30 minutes after close) to let them know you want to let the options expire without exercise. https://www.interactivebrokers.com/en/?f=deliveryExerciseActions https://ibkr.info/article/1718#What_if_I_have_a_long_option_which_I_do_not_want_exercised_

Both positions(long & short) will have a market value so can be closed at any time prior to expiration. Can close just one side or both.

"That's actually the indicator I want but, as you point out, the ATR (with Day aggregation and simple moving average) is not such an indicator." Tradingview

"Money spent" is the long leg minus the short leg. Example: Current quotes: 350 Call = 30 400 Call = 10 Cost of trade = 20 (this is maximum loss) BE = 370 Max. Profit = 30 (50-20) At expiration stock is @ 360: 350 Call is worth 10 so loss of 20 (30-10) 400 Call is worth 0 so profit of 10 (you...

I pay attention to the amount of premium in the options I'm short & ask myself if I was on the opposite side being long, would I exercise the options for any reason? If there's any significant amount of premium left in the options, then it's not very likely to get exercised. There are...

You from Shenandoah, IA ? I wired a motel there in the 90s with a pool and addition a few years later. :)

Please point out any "anti-American" comment. Not a single comment about ANY country. What does left/right have to do with any country? I'm neither left/right...dem/rep....

https://www.investopedia.com/terms/r/repurchaseagreement.asp

Hence, the reason for my "cliff" comment.

Some have a well-defined strategy that works. Most eventually fall off a cliff at some point but I've seen some with a good 10 year track record. This program is doing pretty well......so far.

Unfortunately, if he did this trade last week the market was trending higher so being short 10 shares was probably the largest part of his loss & it appears that IWM rose more than SPY also. Just unlucky that the markets were moving higher. Important for pairs trading to get the $$ amounts the...

Should be trading in equal dollar amounts. SPY currently 300.3 so 100 shares = $30,030. IWM currently 158.3 so $30,030 / 158.3 = 190 shares SPY....100 shares IWM...190 shares ***Not a big difference but both are highly correlated so you were essentially short 10 shares of IWM plus the...

Where the heck did you get that from????? I'm born American & never been out of the country & have no desire to even see another country. Please show me where my "anti-American" comments are.

BTW, I meant Rep. I gave my opinion. You disagree. No problem, but I'm guessing you're a Rep. :D