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what do you think.................

Is there any # to get directly to the IB trading desk? I had to get out of a position today as my internet went out and their customer service line took exactly 13 minutes to pick up.

I'm not affiliated with the service at all, I just want to know if anyone has used it and how it was considering there's quite a hefty fee. Thanks

I actually respected this guy before -- but the fact that he's going into a hole when the call is going against him is disgraceful. What will be even more embarrassing is if the market rallies and he re-appears.

I don't want to pile on here... in this kind of market, a rally into positive territory wouldn't even be a big move, but damn brotha.... guarantee is a strong word and we're currently at session lows. The very least you can do is show your face and tell ppl how you are playing this out...

You guarantee a rally then sell?

Yes I can if I have to

I've been buying a ton of NEON lately and have an average cost of $3.70 -- this company has sales and revenue that trump their current market cap, therefore this seems to me to be the biggest value play I have ever come across. The weekly chart looks good, a descending wedge pattern after a...

Ya, that's not at all what I'm saying pal

In regards to 2006's post -- I'm not looking to hedge intraday moves, I'm just trying to keep my income the same. I can't increase size on most of my trades because some of the instruments I trade are illiquid so I don't want to make $1000 USD in a day to convert it back to CAD and land out...

CVDS, I've thought of that but some of the stocks I trade are often too illiquid to increae size but I believe that would be the best strategy

That's the problem... it's easy to hedge a long-term USD denominated portfolio but I'm just trying to keep my daytrading profits from being cut if the CAD continues to go upwards. I don't think it's too late to hedge, I'm just looking to hedge any further increase over parity -- I'm not...

I wanted to ask all Canadian daytraders how your hedging your profits? Let's hypothetically say 2 years from now the CAD/USD is at $1.50 and you are trading US equities making $100,000 USD... on conversion, you're profits are cut DRAMATICALLY.... how are you hedging?

keep us up to date

Do my CAD balances include the CAD I'm long with the USD/CAD short?

I still don't get how this hedge will work if I'm spending 6% a year on interest

I called IB again and they said they charge 6% per year for the USD short... the hedge doesn't make much sense if I'm already 6% in the hole

I called Interactive Brokers and they say I'm being charged 6% for my USD short... now this makes no sense for my hedge if I'm paying 6% a month on 40k

And my last question (I hope) is, let's say I short $35k USD/CAD... does that take away $35k of my buying power?

If the previous posts about $1.50 for every $100k short is true then that's a very small price to pay for this hedge. I don't understand why you say the leverage would land out hurting though?