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it's important to look at every factor not just price. http://www.deepdiscounttrading.com/ has ridic low commissions but if you don't trust the fin stability of their clearing firm (they're just an ib) then it doesn't matter if the commission is $0.01. that's why a lot of people go w/ ib. yes...

+1. Re setting up entities to get health insurance and other "benefits" in general, it's important to remember what costs there are to not only set up the entity but what ongoing costs you're incurring (you might have to pay SE taxes depending on what you're doing) as well as the increased...

HAHA. that's a good one.

to save everyone (esp new traders) a lot of time, money and frustration, just file as "unemployed" and be done w/ it. as previous poster correctly stated, this is only if you're trading for your own account. if someone tries to tell you any different immediately RUN away.

+1.

with IB and other brokers that don't provide suicide assitance (eg. 500 daytrade margins for es) there is less of a risk of you having neg equity b/c you're only given at most half of normal main margin in the first place. however there is still a risk of a black swan dropping the mkt 10%...

i'm not aware of ANY broker that will allow you to do this b/c they don't want to (and won't) eat that loss of greater than 100% (yes dorothy for the newbies you can lose more than your equity in a futures account). btw, this very topic has been discussed numerous times b4 re setting up an llc...

make sure you focus on price action only when trading period but esp "white swans". remember how everyone said "when ubl is killed the mkt will soar". well he was killed, the es had a quick 10 point pop and sold off hard. it was the def of a bull trap. you have to look at the underlying...

how'd you swing that? call up ls and say "i do volume x what rate can i get?" or did you just ask for a better deal and 0.40 is what they said?

+1.

Re the option contract. AFAIK no one offers this rate or anything close to it. Lightspeed used to have .50 per car but raised it to .60. optionhouse hada low rate like unlimited cars for 10 but got rid of it b/c people were using it so much (imagine that optionhouse - you offer the lowest...

either trade w/ less leverage and hold over maintenance period and accept possibility of gaps or close out before maintenance period and you can trade w/ higher leverage. it's one or the other (if you want to adjust for risk).

it's on their website. http://institutions.interactivebrokers.com/en/p.php?f=smartRouting

to answer another poster's question, i did not enter an order b/c the spread was too wide and it was impossible to calc fair value using b/s or any other model since the iv was off the charts. i still made a profit on the trade though.

the context seems off - did you mean to say you CAN'T use bracket orders?

+1. Maybe to take this thread in a diff direction (if no one wants to that's fine) anyone want to threw their 0.02 in re mm's backing away during high vol events like the scary:eek: flash crash? here's an interesting TRUE story. does everyone remember when there was that news story that came...

ib? re lightspeed, i thought about using them but am hesitant for two reasons: 1) ninjatrader won't connect to them and i'm positive about this and 2) you can't enter oco orders with them but i'm not sure. can you confirm the second part? to my knowledge lightspeed has the lowest non...

Re the first point, SPX will eventually be moving to C2, the new fully electronic options exchange however this move has been continually pushed back. When this happens look for volume to rapidly move over dealing another blow to people standing in the pits like this is the 12th century and...

+1. To sum up, a pb will require a large account size, charge huge commissions (relative to IB/lightspeed/your own negotiated retail broker) and NOT be able to magically make an illiquid option liquid. i'd either trade more liquid options if the wide spreads are a dealbreaker or i'd stick w/...

welcome back to trading! if you only need eod data i'd suggest using ninjatrader w/ kinetick (free). tos is ok for anything other than intraday trading.