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Hi traders, I'm looking for a charting platform and/or API trading interface to use for "basket trading." So far, I haven't been able to find anything suitable for my purposes. Using IB's basket-trading feature, one can place several orders simultaneously, but it is necessary to calculate...

Wow, traders, you outdid yourselves! Thanks for all your assistance.

At this risk of pretentiousness, I would say that the bloggers's credibility might benefit from correcting the grammatical errors in his writing.

Amazing how something as transitory as the price of futures in the pre-market session is enough to incite 4 pages of responses. Happy to say as of this writing that we're now up 4.5 handles on the S&P. Maybe it's all thanks to this thread.

Hi folks, Would any of you kindly share your current top picks for day-trading stocks? Which stocks do you think are best for day-trading these days? I'm working under the assumption that the key criteria for good day-trading stocks are high liquidity (good spreads) and high beta...

Are you sure the increase in margin requirements is due to the institution of the new PDT rule concerning leveraged funds, as opposed to just the recent market volatility? I know IB raised margin requirements recently (and for futures too) explicitly because of the volatility that's come about...

When looking at the options on the 3X Direxion funds structured products (e.g FAS, TNA, etc.), I notice that the percentage change is often comparable to that of the options on the corresponding unleveraged underlying markets (XLF, IWM, etc.). Is that just a fluke, or is that to be expected? I...

Can anyone recommend any sources for stock picks in non-US jurisdictions? I don't mean ADRs trading here in the US, but stocks listed on non-US exchanges. I'd like to compile a watchlist of securities for both investing and trading. I guess what I'd like is a sort of IBD 100 for Japan...

I haven't noticed this rule being applied to my account at IB, which is now, sadly, below $75K. Maybe it will take effect soon, though. I hope not. In any case, we can always do our day trading in Canada with the Horizons Beta funds that offer 2X structured products (wrongly called ETFs)...

This rally has gone on quite a bit longer than the 1930 rally: a full year vs. only 4 months. I don't think the two rallies are comparable. A bear market rally shouldn't last a full year.

I felt the same way until I tried day trading with an online group. It's been more consistently profitable because of the peer pressure to trade the plan and desist from impulsive decisions. You can make connections and even get together with folks living nearby outside of market hours...

Hi, At the risk of beating a dead horse, as this subject has clearly been covered at length in this forum and elsewhere, I wanted to run a strategy by you all. It has been suggested that the very sort of statistical decay responsible for the skewed performance of FAS during the initial phase...

I might point out that people were saying that a year ago, and it's still not 0, despite the huge run-up in the market. Direxion will simply do another reverse split, a breast augmentation of sorts, and new dupes will step up to the plate and start buying again. This thing is best for...

Thanks, TraderZones, for the tip. They appear to be another one that doesn't levy state income taxes and has flexible requirements for residency.

Thanks for responding. I'm enjoying this opportunity to continue my research on this subject. I'm pretty sure at least one of the tax-free states doesn't have any time limit to establish residency: Washington. That's the one I was considering using as a tax haven for numerous reasons, and...

I'm not giving advice, just having a discussion. However, people do just up and decide where to call home. You may know of the case of Tom Golisano: http://michellemalkin.com/2009/05/20/billionaire-to-new-york-screw-you/ Clearly, there are measures that have to be taken to establish a...

Good to know. I hadn't looked into property taxes, as my plan is to rent a second pad in the tax-free state.

I'm afraid I don't follow. The cost of living in Washington, Texas, and Tennessee is way lower than that of California, it seems to me (whether you're talking real estate or even eating out). What are these hidden expenses of living in the tax free states?

I only dabble with options, but for what it's worth, you might look into placing your short order upon Thursday's close, or even the afternoon session, Thursday. If you didn't notice much change, other factors may have impacted premium. Was there a spike in volatility being factored in by...

Not only did I try that, but I even tossed out a small market order and still got no attention. The order just sat there, "accepted and monitored by the exchange." These guys must have gone fishing today. They could have fleeced me on my market order, but it wasn't worth coming into the...