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I pay enough in commissions that if I have a question about where to find the directions on the website, I should be able to call and get that information. If you have a problem with that , that's your problem.

I think so as the NY branch kept sending me to account management to change the funds but I couldn't seem to locate the right link. I'll see later today when I go to buy some HK stock if buying the the HKD and trying to turn around and buy HK stock with it works.

Well I got it figured out by calling IB Canada instead and he had me just buy the HKD through TWS on my screen. However he told me to enter USD as the underlying and select HDK from the Forex window, should have been the other way around with HKD entered as the underlying.

I hate to ask this here, but I have called IB 3 times and the directions they give me for converting my US funds to another currency always lead to me to Forex trading. Does anyone here know the links to get me to where I can just convert some US funds?

Why not just get trading permission to trade the HK market( it is free) and buy Alibaba directly. It is only $3-4 USD now and will probably go up if it someday gets listed on the Nasdaq?

Actually I'm just joking around. But it probably is a good play at the open at any price since it is going to attract all the momentum players. Even LULU went off at 100% over the IPO and from there went up another 250%.

50, 000 shares at the open, any price.

I have about 20 different option positions out right now, all spreads and I kick myself in the ass everyday I look at the $ I will be leaving on the table when the spreads expire. It is true I did limit my loss potential with the short, but in most cases I'm going to take in $100-200 profit and...

I'm real curious to see if this is another Baidu, or is it a Tim Hortons. I compare the 2 because I think traders who missed the big 1st day runup on Baidu might want to grab this HOPING the same thing will happen. Traders( like myself) who missed the big Chipolti 1st day runup waited for Tim...

Here is the true secret to trading, (and for some reason we fight it constantly) TRADE WHAT IS HAPPENING AND NOT WHAT YOU THINK SHOULD HAPPEN.

You need to click the attached image to see the chart so that what I'm saying makes sense... I've labeled four points, A,B,C, and D. So I'm typing through stocks, going through the stocks which are up the most on the day, and I come across ENR. As I see it, it's right at point A. The first...

Thought this thread might get some interesting stories. One of mine is: the day before NWA was going to decide to declare bankruptcy or not, options IV was flying. I couldn't pass that up so shorted some $5 sp/calls 3 months out, bought some stock at $2.00 + to cover some of the calls and...

"What about options on futures indexes? I find margin requirement for index options is very high compared to options on futures. Margin consideration could be important as well. " Unless things have changed, options are cash only and you can't go long on margin. Are you talking about margin...

I traded options on the OEX and QQQ's for 3 years, mostly on the QQQ's because I could learn options trading at a fairly low price. I've since switched to trading stock options and find that much more lucrative as well as easier to read. the indexes seemed much more prone to reacting to every...

"Also, the stock cooperated with your adjustment. What would've been your course of action if the stock tanked to 20, in which case you would've had a loss of $7K? What about 15, 10?" Well I think here would be a good place to practice the small loss strategy. I bought the stock to cover the...

Well MTE, I find it interesting that two people of reasonable intelligence with the same objective, to preserve trading capital and make $, look at the same situation so differently. But then again it might be like comparing the strategies of a hedge fund manager with a mutual fund manager. So...

"Actually, to keep it simple, long put+short call+long stock=zero, i.e. it's a flat position." If you think the stock is going to tank below $50 and you need the put then holding is a waste of time/money with no gain. But if the stock is range bound and you think it will bounce off it's...

Yea my initial training wasn't the best. I had no system for entering trades, just my gut feeling for the day. I was scalping options on the Q's and OEX. I would try to buy at the bid and sell at the ask and pocket the difference. If it went against me I would wait for the tide to turn and...

"So, let's see what you have. You bot the stock at $78 and sold the call at $28.30. So your worst case risk is $49.30. In other words, you are risking $49.30 to make $0.70, which is 1.42%. Also, don't forget the cost of carry, which adds up to quite a bit given there's more than a year to...

Amex for sure. They are crooks with a habit of busting option trades. Nothing grates worse than selling off a position right before it tanks, patting yourself on the back for being smart , then getting a notice later in the day AMEX busted the trade cause the MM claimed the exchange gave him an...