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  1. M

    What % are you willing to sacrifice to maintain a position?

    I prefer risk management thank you very much.
  2. M

    What % are you willing to sacrifice to maintain a position?

    100% for an individual position. Risk control should focus on the aggregate.
  3. M

    Covid-19 Spreading Around The World

    The South Korea cohort is the best estimate for the death rate since they test much much more people than China, Europe and the US. They even have drive through testing. The death rate in South Korea is 0.6%. Even South Korea will miss the mild cases. On the other hand it takes time from when...
  4. M

    Covid-19 Spreading Around The World

    Calm the fuck down. I have been short the market due the outbreak for weeks, but "20-30% fatality rate" is ridiculous. Read: https://www.nejm.org/doi/full/10.1056/NEJMe2002387 https://www.insidermonkey.com/blog/coronavirus-fatality-rate-or-death-percentage-the-most-accurate-estimate-817752/
  5. M

    Traders in Geneva

    What is the taxation for active stock traders located in Geneva?
  6. M

    S&P 500 drops 10% in six days, fastest correction in history

    https://finance.yahoo.com/news/stock-market-news-live-updates-february-27-2020-122658989.html Thanks for the money (have been heavily short). I am worried sick about my family though.
  7. M

    Wrong Opening Price and GAP prices in TWS

    The current market cap of Interactive Brokers is USD 22 billion and was founded 42 years ago. When you find something wrong, start with the assumption that you are wrong. The common denominator for your list of tickers is: NYSE. IB uses the opening auction/cross price as the opening price...
  8. M

    Are merger Mondays a myth?

    Resounding no. Mondays before open.
  9. M

    does hidden order that provides liquidity receives rebates from exchange?

    Citadel is the answer to your first question. Ask them whether they do much actual trading. You have a long road in front of you.
  10. M

    BXC - strange situation

    "BlueLinx unaware of tender offer from Bluefin, will resume trade tomorrow The company states: "BlueLinx Holdings responded today to a press release issued by an investment firm that goes by the name of Bluefin Acquisitions, LLC. In its press release, Bluefin Acquisitions claimed that it was...
  11. M

    The Financial Transaction Tax and Disappearing Day Traders

    Couldn't you just simply set up a corporation and trade through that vehicle?
  12. M

    Post-Bloomberg Bloomberg

    If he IPO's it, I assume he will pay FTT on the transaction.
  13. M

    The Financial Transaction Tax and Disappearing Day Traders

    According to my information, the German/EU FTT on the table is only something similar to the French version, i.e. it only applies to stocks listed on the local national stock exchange. So you would still be able to trade US stocks without paying FTT. If you only trade derivatives, I understand...
  14. M

    The Financial Transaction Tax and Disappearing Day Traders

    Does this rule apply to derivatives only - not stocks?
  15. M

    financial transaction tax is on the table for real

    I want to add that there has been a strong push for an all-encompassing financial transaction tax in the EU in the years following the financial crisis. Traders worried. But except for a watered-down limited version in France and Italy, it never happened.
  16. M

    financial transaction tax is on the table for real

    I have to admit given Michael Bloomberg's knowledge of financial markets, I am surprised to see him support a financial transaction tax. Maybe I am naive, but I hope this is something the data tells him he needs to support to get elected with no real intention of carrying it out in real life.
  17. M

    financial transaction tax is on the table for real

    Hopefully, if it became reality (still unlikely), non-US residents would be able to trade CFDs on US equities or simply trade US equities listed on foreign exchanges. (Brokers would find it difficult to hedge, though, and might increase their prices.) A worrying development.
  18. M

    Does Schwab pass MOC exchange fees on to clients?

    It could also just be because the counterpart is a dark pool that can post orders in increments of 0.001 as opposed to the rest of us that have to use 0.01 increments. If you participate in the opening or closing cross with for instance 15.000 shares, the Nasdaq exchange fee is USD 21.75 - so...
  19. M

    Withdraw money directly from IB to other broker or crypto exchange

    Yes you can withdraw to another broker as long as the account is in the same name.
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