My problem is next.
I have 25k balance and 100k buying power.
My strategy is putting up many orders premarket.
I use TOS and i can place only orders for 100k
Unfortunately there is mayby only fills for 10k and i cant effectivly use my bp.
I heard from fellow that IB allows to place...
Its very cheerful to read your blog
Im too winning trader, but my strategy lies on news.
I read all your posts, but seems like your strategy is next
You have massive BP. You do premkt massive orders.
As u have said it filles about 3%
You use market volatility to get "cheap" shares
My...
I am trader and u underestimate fees.
I am fan of TOS. I was able to cut fees 3$ min trade. 1 cent per share
But it seems still too high
Altough, i still make over 100$ fees per day.
And its over 2k per month !
Therefore any data fees are irrelevant, if u do volume.
I want change my...
I read this material. Altough i have problems
For example
There is 1000 BUY order @19.00
I put SELL order1000 @18.00
opponent puts SELL order 1000@18.01
Who selles shares @19.00 Me or opponent?
Or only TIME when order where entered matters?
I trade electronic IB broker
But how about auction prize?
Why when i put short order @10.10
at market open. I get executed prize @10.18
Why i am blessed that way? Why the executed prize isnt 10.10?
But when i put opposite way
ALWAYS execution taking place SAME limit prize i selected.
I give u some exmaple
XYZ stock IT closed 10.00 yesterday
It was upgraded by Citibank
U buy that stock @ 10.3
Prize drops to 10.00
Market is zero
Beginner sells XYZ pos @ 10.00 because he is "smart" trader using stop-losses.
PRO uses this oppertunity to buy another chunk of stocks...
Yes in theoretically all seems beatiful
You bou XYZ stock for $10.00. Your target is 10.50 and stop loss is 9.90
But in reality stop loss has very poor execution.
In reality your stops triggers Sell order @9.90
U will be executed prize around 9.76 @market order....
What happens...
I wonder one thing.
Lets say before market open i put SHORT ORDER @10.00
And someone puts BUY ORDER @ 10.10
In which price takes place execution?
PS. In my experiencies My broker has always executed the price level around 10.10 if i SHORT and if i BUY then execution is around 10.00...
What if, in a really really bad situation, FAZ goes not just from 38 to 115, but all the way to 230? or 380
lets say i want to short fas and faz for 10k$ i have money 200k$
How big is possibility that faz raises 10x?
Is it +EV?
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chdet=1237896797140&chddm=36363&cmpto=NYSE:FAS&cmptzos=-18000&q=NYSE:FAZ&ntsp=0
In graph-both FAZ and FAS has fallen
And theoretically they shold be go to zero.
a)Is it shorting both easy money?
Whats the...
Thx for answers.
And i dont like phrase "Traders who trade bankroll less than 25k are surely losers"
I wanted just to test broker trading platvorms.And of course i didnt want to do deposit 25k+ just minimum.
But can i do withdraw?
If i cant trade anymore its pointless to keep money in the account...
Or the broker puts me some withdrawal restrictions due to SEC law or smth..
PS and for the highrollers.I dont have exceed amount of money to deposit to the site.
Recent week i did more that 3 daytrade per 5 days.
And i cannot do trades anymore.
I was told that i have 2 options
To transfer extra amount which exceed 25k
Or i get 90 days penalty
Do i have 3/d option to withdraw my money?
Does any of you has faced to similar problem?And what have...
I try to connect to broker in mondey morning.I think all ebnormous prizes will be canceled.Its some law or smth
In same way there could be typing error order in premarket
For example you buy 10$ stock with 0.01$ order..