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Worst mistake was using an automated order system (Ninja) and trying to manually close the trade with price too close to my programmed stop loss(2pts). I hit the "CLOSE" button to exit with price against me by 1.5 pts. and saw the position close, but my running total (loss) on the TWS screen...

ES: I observe the following and hope it helps you. Taking signals from a service implies that you believe they are better than you at deciding when to enter. That may or may not be the case. One way to find out is to obtain a record of how the service performs over a period of time. How long...

To all posters: I know your posts relate to the problems with COCO and the NAZ busting trades, but if you take a moment look at the other stocks in the sector ESI, Univ of Phoenix, ITT, etc you may see that there is an opportunity there. They have all been hit hard. I can't believe they all are...

Dr.Bob: I encountered a similar problem last night (after midnight PST) when I attempted to close a short position of 2 DAX contracts and found to my chagrin that after closing the account, I somehow became long 2 contracts. I attempted to close the position manually but had to call the night...

Hi there! I've been talking to the other guys. None of us have ever heard that term before. Certainly not in the context of trading. Sorry.

I spent quite a while in Linda's room. Trading futures ES only. In addition I took a single seminar from her at Trade Expo/Anaheim CA. The seminar was excellent. She offered a lot of good practical information in a "bottom line" style. In her room, traders get to see what the value of experience...

I just looked up Prosizer. It seems to be meant for the beginner who has little experience using Monte Carlo methods. Also it seems to be a tool that was meant to work best with Tradestation. In contrast, @Risk is a standalone product that can be used to model quite a few different types of...

Indahook: Buy "Simulation Modeling using @Risk" by Wayne Winston. In the publication on the back cover is a CD that holds a student version of @Risk. If you find that product suitable, you can use it or step up to the professional version if necessary. Price of the book was $40 bucks at my...

Interested parties should read my last posts on this subject on the thread titled "dam IB logged off three times...." where Def informs me that my concerns are "petty bickering", and we learn that all we need do is carefully read the information posted on the site to be able to correct our...

I know it is late, but in response to Mr. Lydon, I also had a disconnect problem at exactly 12:25am PST (I am located on the west coast, USA). I had to shut down for a period to try to isolate the problem and cannot attribute it only to IB, but it does seem suspicious. This follows an...

Just a quick comment. I know their are a few who will disagree, but for the retail trader, using "big" leverage is bad policy. Why? 1. Retail traders don't seem to understand that these instruments can change value without trading. 2. Retail traders don't seem to know how to put on an...

Thanks Peter: I have been reading your journal entries (always trying to learn something new), and noticed your comments about the colors of your charts ("puke green"). I have been having some eye strain problems and I thought I would try a setup that favors that color scheme. Well I have to...

Maverick: If I were going to try this strategy, I would want to put on as many as possible. I include reducing costs as part of my edge, so I would want to minimize commission costs by trading at least a 5 lot for each underlying. So the way the way I would approach this is to pick 20 stocks...

Def: I can only go by my own experience. No one advised me of any of the potential problems I am now experiencing. You comments seem defensive. I got NO guidance from anyone at IB as to how to reliably obtain a consistent connection. I had to read about the problems with internet connections...

"Economics In One Lession" by Harry Hazlitt. Good primer on Econ. Best Regards, Steve46

Frankly, its the attitude that irritates me. Why should we have to become telecommunications experts to use IB? How is it that we learn from people on this thread that there might be problems with line quality, or that internet service providers may interfere with the line periodically, or that...

Yeah boy, just wait till the first time your internet connection is cut off and you don't know which way your position is moving. It won't be "so cheap" then. Oh and by the way, when dial the phone number to close your trade with their trade desk, you will be "automatically" charged $30 bucks...

Trudd: Start reading. Don't trade. Don't buy "seminars". If you have money to invest, put it away for the time being. Don't put it at risk. For reading material, look up bobbrinker.com. They have a reading list. Start reading those books and listen to his radio show. If you don't know the...

To all posters: I am hearing that IB will disconnect if it judges your ISP connection to be inadequate. I wonder if anyone (Maybe Maxpi) knows if using a cable modem is any more reliable or produces a better connection than my DSL (Verizon). I am guessing that a dedicated phone line would be...

I wonder what would happen if I posted the number of hours between each "system crash". Maybe it would be a good idea if we all did that periodically. At some point you would have a pretty accurate idea of just how reliable each brokerage is. I'll start now. Its been 12 minutes since IB...