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If I understand correctly, the property I was describing can be achieved by adjusting the settings under Level 2 >View>Local order Entry in a respective level 2 window. Then one should set up the hotkey with default order size selected and it should do the trick. If a specific order size for...

I see, thank you!

For example, consider the following two scenarios for the hotkey (let's say ctrl+b): 1) Trader has no open positions and decides to open a new long position of 100 shares, so they hit 'ctrl+b' to accomplish that. 2) Trader has an open short position of -600 shares and decides to cover the...

Is it possible to set a hotkey in Sterling Trader Pro, such that it: - buys 100 shares if you already hold X>=0 shares of the respcetive stock, - and covers the entire short position if you currently are short X<0 shares? If so, how to set this up in the hotkey creation menu?

@RobertMorse I just sent you an email to rmorse@lightspeed.com.

Sterling Trader Pro offers API access via C# programming language. I spent the last few hours searching the web for their API documentation, but could not find anything. Does it exist, and is it available to the public? Can anyone here post a link to it?

I have a watchlist embedded next to a couple of charts in a TWS tab. Lately, whenever I close TWS and open it again, that watchlist is not there any more upon startup (all charts and other elements are there, but the watchlist simply disappears). Has anyone encountered such behavior before? Any...

Let's say we incur a short term capital loss on a stock in December, while holding off trading the same stock until February next year. Technically, more than 30 days pass after the loss. However, the financial year ends before the 30 days pass. When reporting taxes for the past year, is the...

They have a team of software engineers on constant payroll, who are supposed to make gradual improvements to TWS. It's not that IB does not try to improve, it's just that apparently they hired guys who suck at their job.

Today the time and sales on a 7 dollar stock was showing numbers of several millions. And not just the stock price multiplied by 10^6 -- completely random numbers. IB time and sales is a joke.

The time and sales window in TWS often displays prices that fluctuate as they should, but are shifted away from the actual price range by, what it seems, a constant off-set. (Curiously, the top most price displayed is correct, but the value added to the tape is then off-set.) I have seen mild...

I'm trying to better understand the wash sale rule, so I wonder: Do losses on transactions that count as "wash sale" get subtracted from your overall gains on the year, or do wash sale losses not count as losses period? If wash sale losses do not count as losses at all, imagine the following...

No limit on number of trades, if still have cash and account has margin. Unless if you have less than 25k cash in your account. Then you are subject to the PDT (pattern day trader) rule. Look it up!

Here is how this works. Your starting cash: C Buy 100 AAPL at price X -- your position: 100 AAPL stock, and C - 100*X cash remaining Buy 100 AAPL at price Y -- your position: 200 AAPL stock, and C - 100*(X+Y) cash remaining Buy 100 AAPL at price Z -- your position: 300 AAPL stock, and C -...

If you sit down at the computer screen and look at a stock which you would like to do this on, and are ready to submit the first order, why not submit all the remaining orders as limit orders at 5 bucks intervals right away? (With time in force: GTC "good 'til canceled")

Thanks guys for the suggestions! Yes, my broker IB connects directly to TurboTax and prepares all the filing automatically. What I am more concerned about, is that at the end of the year it may generate a tax report that consists of 1000 or more pages! Would that raise some red flags at the IRS...

Perhaps a seasoned day trader among you, who reported taxes on the day trading proceeds in the past can answer this question: When your CPA prepared your tax return, was each individual trade reported separately, or in aggregate in case when several trades where taken on the same ticker during...

@rudi20 from personal conversations with a few traders I learned that in practice a NASDAQ subscription has better quality data and latency, which makes additional subscriptions superfluous.

@deaddog Well, I have API access to my broker and plan to be that algo you are mentioning. Which is why I'm looking into this stuff. :)

Yeah, but I mean, does one run the risk of the following scenario happening? What if the ECN I'm subscribed to shows, let's say, 20 (hundred) shares on the ask for ARCA, while the actual ask size on ARCA is e.g. 3500 (hundred) shares and my ECN subscription just does not report it, and to...