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Very common. I'd bet there's more money in the brokerage side of it than in selling signals. Referrals for new accounts and % of commissions. Probably without any government oversight or having to register NFA, RIA, etc. If the edge were that strong or scalable, he'd keep it for himself or...

Reg T is a fixed % of the notional. PM is calculated based on 1,2,3 sd moves in the underlying and takes volatility into account.

I'm conflicted because those gay-haters make such delicious chicken. Maybe I'll only eat it if it's been shoplifted rather than paid for.

IB supports it. Hidden/Display size.

Brilliant! How long before they stopped taking his calls?

I'd use a buy vs. rent calculator on the house, unless you're buying for non-financial reasons (customization, unavailability of exact house you want via rental) and consider the rest of your funds part of your investment portfolio.

I'm asking the question from a microstructure perspective. I don't think the argument of "You're holding the stock for a $1 profit, so why do you care about a penny" make the gaming of orders ok. It could be done with regulation, say by either delaying the direct feeds to match the SIP, or by...

So how do we fight these guys? There seems to be no way to win. Market orders get gamed and pay the spread anyway. Resting displayed limit orders signal your intentions and give others a free option. Sweep the book IOC for whatever quantity you really want? You'd need a way to do it...

The OP should stop trading until he understands this material thouroughly.

That experience is still very much there for international F. And it's very accessible to normal people if you're good at accumulating miles/points for cheap. And domestic F is very much like economy from the glory days.

About the same as IB's blended rates. High if you always add liquidity.

More important to feel wealthy than to actually fit some arbitrary definition of it. I feel broke at my asset level, but I know plenty of people who have a lot less money than me and are happy as a clam.

You'd be closer to .003 or less at IB if you mostly add liquidity.

Why is the clearing agent so important?

-3% or so as seen on Mebane Faber's blog. http://www.mebanefaber.com/2012/07/18/the-trend-was-not-your-friend-in-june/

Not sure why you're so hard on him. Looks like he's beated his benchmarks by a huge amount. Last I checked he wasn't running an absolute return fund. His 10 year Sharpe isn't that good vs. SP500TR. (.1 vs .3)

It helps them when they're right. But what happens when it goes against them and they want out?

Um, sell it?

Is the OP asking if IB will do the math for him and make the account show the notional instead of actual funding in TWS and statements? Otherwise, every broker supports notional funding in that it's just a higher allocation of equity to margin that you keep track of yourself. The broker could...

I think the pre/post market sessions only accept limit orders.