of trading 100 share lots is not to make money,even with 1c commission you wont make enough to buy lunch but get experience trading "for real" with very little risk
Trade 100 lots of QQQ until you are confident,then increase size ,when you get to where you want to trade QQQ @close to 800 share lots switch to the futures for the reduced margin req and no PDT rules. This was my plan until I found out I couldnt trade 100 lots of QQQ successfully! Good plan...
are an illustration of what can happen overnite,As long as the size is not too great and your comfortable with the risk,go with it if it fits your model
In the 4 years I've been trading I've never seen NAS100 gap 30 points a day 3 days in a row. It's rare to get 1 30 point gap much less 3 in a row. An anomaly or some meaning?
Shares that I've sold short 10 times a day in the last 6 mos are no longer available to borrow as of Friday. Does IB actually not have EBAY,KLAC,AMZN shares available or are they just not allowing shorts in these for some internal reason? I have a backup acct @Waterhouse and all are available...
At the risk of sounding paranoid,why would short sales be restricted? I don't believe that there are no shares available to short. Many shorts must have covered in this "squeeze" we've had in the last few days. Is this the PPT at work ?
"Often times Compliance people ( I used to be one) get very skittish durring a market rally and will start condensing the short availabilty. In addition, if a firm has significant positions long or short in a security they will restrict it."
Stocks that I've been trading for months at IB are no longer available to short effective last Friday. EBAY,ERTS,JBLU,ROOM,PFCB,PNRA,EXPE all not available! Sound strange?
Do the new day-trading rules apply to options, futures, and non-US stock? No. These new restrictions do not apply to options, futures, and non-US stock trading
Fuc&*ed up!!! Same thing happened to me Friday, EBAY unavailable to short,Changed margin req. with no notice,every order pre market was rejected "unable to value contract" TWS not working properly etc.
They take a "snapshot" of the balances between 350 and 400PM and if at that second your over the intial you get liquidated. Example: If you were over at 352 and under at 354 and they "checked" you at 356 you would be fine, if checked at 353 you would be liquidated
Is twofold,Number 1 No notice given,how much trouble is it to send a "communique"? Number 2 between 350and 400 the initial and maintenance are BOTH 50%. Between 4PM and 930AM the initial is 50% and the maint is 30%, In reality this means the maint is always 50% because you will be liquidated if...