Search results

You should always have a backup broker in case there is any problem with your main broker.

No, the worst case scenario is that IB agrees with you that the phantom position did not exist and takes the phantom position out of your account. But, by closing out the phantom position you created a real position in the opposite direction. Since you placed the “closing” trade, IB could...

Consider the case where the position was placed into the wrong account or by some other mechanism is not a real position. If the position does not exist, the attempting to close the position creates a large position in the other direction. If you do not know whether you really have a...

Theoretically it can be infinite if the earnings are zero, or the P/E can be negative if the company is losing money.

The broker wants to build up your confidence so that you trade with real money and the broker can collect commissions.

This is just TDAmeritrade's standard messages indicating that when you place the next trade your account will have the daytrader flag set. Then you won't get any more warning messages. As long as you keep at least $25k in your account you can daytrade as much as you like, including both...

Just be sure that your wife does not find out.

When I read the thread title, I thought that he was saying that he drinks a case of Fat Tire before he starts trading and that is his edge.

This link may help. http://www.elitetrader.com/vb/showthread.php?s=&threadid=105295

The larger mine is equivalent to about 30 football fields, and the smaller one is the size of about 2 football fields. You must live on a ranch in Montana if your back yard is that big!

With Interactive Brokers this is straightforward to do. You can place Market on Close and Market on Open orders and set the Good After Time value to about half an hour before you want the execution. For example, if you want to buy IBM on the close on Monday Oct. 8 and sell it at the open...

These indexed CD's are issued by Bankers Financial Services Corp. http://www.indexedcd.com/bankers/ The participating banks are here http://www.indexedcd.com/bankers/memberServices/participatingBanks.asp Each bank can determine a "participation rate", which is the percentage of the DJIA...

This may be the article. http://seekingalpha.com/article/25208-etfs-the-problem-of-large-orders-and-price-improvement See the fourth comment: "Seems to me that you can take advantage of the specialist/market maker who steps in front of you buy a fractional penny. If it's allowed and...

The business plan of the bucket shops is to get a steady stream of new customers and take all the money from their customers (suckers). If you are one of the few to make a profit, they can put you on manual execution to make sure that they maintain their edge over the customer.

http://www.thestreet.com/p/_tscs/dps/cc/20070904/columnistconversation1.html#entryId10377694 Seth Tobias died yesterday in an accident in Palm Beach, Fla.

If you are worried about closing positions before the market close, then entering orders 5 minutes before market close should be sufficient. Then if your local clock is off by 1 minute, you won't miss the close. You can also trade after hours by unchecking the RTH (regular trading hours) box...

Assuming that you sold a stock short for about $36k, then IB does not pay you the short interest on amounts less than $100k and you won't earn anything for the short. However, if IB says that the stock is "hard to borrow", then IB could charge you a fee for that. In summary, you won't be...

Has blackjack been listening to too much Donald Rumsfeld? Yes, I think he has.

You can easily see that the round-trip slippage is $0.03. Imagine buying at the ask and immediately selling at the bid. You are immediately $0.03 per share poorer minus commissions.

Vanguard started its Index 500 fund in 1975.