Search results

  1. M

    Any 529 fund that has option trading possibility?

    You may want to look into ESAs, lower limits but these education savings accounts can be traded at many retail brokers in the normal way. With 529s, not only are the investment options limited to mutual funds, many prevent you from changing your investments more than once a year...
  2. M

    The Profitable Prospects of Snitching for the IRS

    From what I hear, don’t even bother with smaller cases. They don’t want those cases and are very reluctant to pay out even if they do end up collecting. So stop thinking about turning in your neighbor and only think about going this route if you know all the details of some huge institutional...
  3. M

    Hedge Funds Q1 2019 YTD best aggregate returns since start of 2012

    I believe this is normally phrased “if you’re so smart, why aren’t you rich?”
  4. M

    Hunt

    Halted until further notice. https://www.nasdaq.com/press-release/nasdaq-halts-hunter-maritime-acquisition-corp-20190327-00425
  5. M

    Limit offset Amount meaning

    No, you don’t need an offset for a marketable limit order. It’s just a limit order with a limit price that’s at or above the current ask.
  6. M

    Looking for a brokerage that is good for penny stocks

    IB will also restrict caveat emptor stocks (as designated by OTC markets) and gray market. They also charge per share and are expensive for low priced stocks. I don’t know which of the major US retail brokers offer accounts to Europeans, but OP should check out TD Ameritrade, Schwab, and...
  7. M

    Options on Closed End Funds?

    IFN is one
  8. M

    IB TWS Stock Lookup Lag

    Following up, when I spoke to IB they said it’s a high priority and they’re actively working on this. All versions of TWS should get a fix pushed out as soon as it’s resolved. Still a bit of a drag in the meanwhile.
  9. M

    IB TWS Stock Lookup Lag

    Good discussion. I’ve been having this problem and it’s pretty annoying lately. I have a lot of tickers in my TWS so I type in the stock ticker to jump to the part of the page with the ticker. When it’s lagging, this means there’s a 5-30sec delay before I can pull up the stock for a trade...
  10. M

    Sears...Is it illegal for the chairman to bid on the bankruptcy through an investment company that..

    It’s up to the bankruptcy judge to decide whether to allow it. Looks like he’s willing to pay more than anyone else, so it’s likely he’ll get it.
  11. M

    Sec Rule 201

    $35 a day is based in a 50% rate, which is what I see as the approximate current rate. As I said, it as much higher before but that’s not the current situation.
  12. M

    Sec Rule 201

    About $35/day for that position today, but it’s floating and in this case highly variable rate. It used was as high as $500/day not long ago. The rate varies widely, based on the broker, the stock, and the day. IB has a tool where you can check this so you won’t get an expensive surprise, but...
  13. M

    Sec Rule 201

    Interactive had shares of TLRY today. I shorted some. Does this sim take into account the cost to short a stock like TLRY? If you were trading with real money, you would be paying around 1.50 per day to be short it, so it would have to go down around 10 points every week for you to break even...
  14. M

    Sec Rule 201

    Your simulation already seems promising, as it was a good day to be short TLRY. The uptick rule makes it harder to get filled when you want to sell short (for two days), but if you’re already short it does nothing to your existing position. Usually it’s good news, since it means the stock has...
  15. M

    Is IB's Hidden orders type "real" (or simulated)? Can a hidden Buy hit a hidden Offer?

    Well it’s doing what you asked for - not showing your order until it can be filled. Whether or not that’s a recipe for good execution is up to the individual trader. If they couldn’t send a hidden order to the exchange and it wasn’t marketable, what do you want them to do with it? Holding it...
  16. M

    Is IB's Hidden orders type "real" (or simulated)? Can a hidden Buy hit a hidden Offer?

    This is correct. If you see that status, it’s being held at IB rather than live on the exchange. This could be because either that exchange doesn’t support hidden orders natively or because IB doesn’t support the native version.
  17. M

    need advice on broker + clearing firm + platform for daytrading stocks

    Don’t know about DAS, but TWS works well for me for daytrading or just regular trading.
  18. M

    Your experiences with being auto-liquidated by IBKR's strict risk management

    What exactly is your issue? What type of positions do you have and why are you facing liquidation?
  19. M

    Tax loss harvesting deadline extension?

    Short sell it until you can sell for real (and then also cover your short). Treat as a constructive sale at the date of the short. Here was an example. https://www.accountingtoday.com/opinion/handling-tax-complexity-on-constructive-sales
  20. M

    The Billion-Dollar Mystery Man and the Wildest Party Vegas Ever Saw

    Well at least the money spent on financing the Wolf Of Wall Street wasn’t wasted :).
Back
Top