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Good question :p. Here is one way you can use it; say i am sitting with a limit order to sell at the ask and it gets filled without price crossing through me; if i can see my queue position i can tell whether i was filled as part of the flush out at the price range (not good even if price doesnt...

Thanks thunderbolttr. I was thinking and since i use mostly limit orders at ask when selling short i will enter my positions only on upticks anyways. So glad it wont effect me. Moreover i hardly touch stocks; mostly ETFs.

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Are shorting stocks subjected to the uptick rule now? Ive read some posts saying that they are either coming back or atleast it is on the table or something. Actually not sure about its history; and whether it ever even went away. Just wanting to know what the current state of the situation...

Anybody knows any retail/prop platform that shows you the queue position for orders; i am specifically interested in ES but even for stocks. -gariki

I've done a bit of reading in the past about LLC vs Corp vs Nothing and here is what i found: Corp: bad because you will have to pay double taxes LLC: advantages 1. business deductions 2. personal liability protection 3. can write off losses in addition to $3000 against your other...

so at IB, if i put a marketable limit order (say limit order to sell at ask; or buy at bid) and route it to an exahange with rebates will i get the rebate back? Looks like it should but talking to a rep they say i wont know if it adds liquidity or removes until it gets executed. My...

I am doing this exact comparison right now; here is what i am thinking: ___ For futures (specifically \ES): IB round trip commision: $4 Lightspeed round trip rate: $3.52 That said at IB my day trading margin is half the regular reg-t margin; so about 2500$; at Lightspeed there is no...

Nope. What i mean was even if i cannot it would have been ok for me (currently on my free Ninja platform i cant do it either). One bad thing about Lightspeed is even intraday they require about 5k to hold one ES contract. I need only like a fraction of it in my other accounts (1500 on tos...

The best way to hedge option positions is to peel them off; while not sabotaging your deltas. Or better yet, while moving towards your target delta. Any other means will increase your risk in other dimensions (theata or vega or gamma or whatever). If you do have really huge option positions...

on a related note; i was with IB about 4-5 years ago or so. and i hate their software; buggy and slow i used to think. But it has been a while and maybe they have improved. But eversince, everytime the road ends up at IB i take a step back. -gariki

you mind if i ask you the reason; i am myself just opening an account at LS but am not liking their customer service. none; if you are looking at commissions also. They seem to be the most competitive in the public space (now if you go via prop; then there are other options but your account...

IB is around 4$ roundturn; i used to think there was order cancellation fee at IB but i just called them and thats only for options. And from a chat with LS rep, it does look like i can put bracket orders. But thats not a deal breaker for me. And yes; LS looks like the one with lowest...

I am currently paying $5 per round trip in my tos and $4.42 in my mirus accounts. I am in the process of opening an account at lightspeed as it seems like their round trip rate is $3.50 per ES contract. But customer service there kind of seems to such (just based on a couple of phone calls i...

FWIW i am going with coastal trade for now. The guys seemed genuine and they are atleast directly a broker dealer firm. Not some third party or sub-sub LLC firm. And i ran some numbers comparing the 100 bucks i pay extra per mo for the addional leverage i can get and i am better off with the...

So WinItAll, did you find something satisfactory? whom did you settle with?

What overnight aum are you looking for? ____ a 1:10 overnight margin would be awesome. Not sure what aum has to do with it. But if i could get 1:10 margin, then with a layoff of 10-20k i can control 100-200k worth of stock. Well, that not existing i currently do the same using ES. And i...

winitall: besides, the only thing that any of the prop firms I have spoken to will give you is 4 to 1 on overnights which I can get just using my reg T account. _________ Winitall, you said you get 4:1 margining on overnight positions in reg T account; my broker (tos) says you cant get...

"Also, if you open any prop trading account vs going retail, you DO NOT have SIPC insurance protection on your funds in the event that you blow up." ________ Thanks for the information James. For the bad part do you mean your funds are not protected if the firm blows up; because if you...

Just had a chat with a prop firm guy and am trying to see the advantages of a prop firm vs trading your own money. I can get 1:4 intraday leverage for stocks; so if i put up with 25k, i can trade 100k worth of stock. And with a brokerage like lightspeed with the rebate structures and 0.0045c...