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Well, just a remark really. The OP didn't say he was daytrading or anything. Maybe he is swing/longer term trading. For instance, say I know I want Micron if it drops to 10.51, so I have orders thereabouts for that stock. I have those working know, and I do not require IB quotes to enter that...

Pardon me if someone else has said this earlier but I am not going to wade through your thread to see. Simply put, you are in need of help. These grandiose thoughts are imo abnormal for an individual of your age. I would strongly consider looking at Bipolar disorder; I am certainly not...

One nice feature of IB is the ability to have a different interface via the API. It (the API) is somewhat kooky, but the ability is there. Also, the range of products is pretty tough to get elsewhere. Might oughtta save them for at least a backup broker. They have their weak areas to be...

OT, you are usually a breath of fresh air, so thanks for that. At any rate for me it isn't about 500 or 1K or 2K or 10K/car. I personally prefer to have 500 or at most 1K performance bonds, with my cash spread around as I see fit, for my own purpose, rather than having to deposit between 4 and 8...

Well, I was of course sitting there that very morning, and as I recall the 9/11 thing happened at around 15 to5 minutes until six am pacific time, which is to say the market never opened that day. Remember, I am strictly speaking of daytrades, that is, open and closed during market hours, since...

Oh, just a final thought. Assuming you can trade, the high volatility environment is what we wait for, and can be the source of a huge amount of money in a short period of time. I don't want a broker that "protects" me from myself in the best environment in years. Bottom line: IB's daytrade...

Margin (really performance bond is what we are talking) under a regular FCM being too low is what would drive the FCMs insolvency. At IB, my point is that one futures customer cannot seemingly affect another futures customer, and hence the margin increase is to the sole benefit of IB, and not in...

First you say it covers theft and fraud (it doesn't) then now you try to fit your definition (their(sic) MUST HAVE BEEN...fraud) to the facts. If there is fraud, SIPC is worthless; they makethis very clear, and it becomes a matter for the SEC. And I'm confused by virtue of the fact that you were...

No, actually, SIPC does not protect you against fraud; it only kicks in when your brokerage goes under. You should familiarize yourself with SIPC since you are under a misconception. You might want to re-think your reply.

Gnome, no, now it is possible that I am completely wrong, but I am not talking about theft. In fact, your FWIW post is exactly what I am talking about. Now, I am asking you to explain, given the workings of IB, how exactly the individual customer (not IB) benefits from the margin increase??

Now here's a thought, try this one on for size. I think we all agree that there is some risk to funds held at FCMs, and so it seems to me that from a customer standpoint, being able to trade the largest number of contracts per dollar on deposit--dollar at risk--makes some sense, so long as the...

You are just being an ass, and your post doesn't even address the issues in my post; therefore I will not grace it with a direct reply. I will say this, however. I have generally not been pleased with the amount of slippage I get through IB. I think their risk control implementation adds...

HTrader, I am thinking you are correct, since this idea best matches their actions. What I don't understand is, and this applies principally to the daytrade margins, IB has this close out the trade and ask questions never thing going on. When, for instance, the old ER2 margins were 2000/car...

Hey, nice post, very worthwhile. Surely an important message. Regards.

Shhhh....I don't think you are fully appreciating the true cosmic forces that are at work right here in our midst. It's just like staring at the birth of a galaxy...We are seeing the very birth--at this moment--of the next GURU on ET! Praise be and Hallelujah! You know, these gurus don't come...

Paul, and after all this bullshit you've said, the simple fact remaining is this. Mikey cannot successfully trade. That is understandable, since it takes many years of sacrifice and study to learn screen trading. I will go so far as to say that in my experience, he is on the completely wrong...

Oh, it's trader69, or is it oblowmewan?? Here, let me help promote your website: On second thought, nah. Fuck off, loser.

ST, I'm serious, we need to get together at some point and I'll buy you a nice meal. It's the least I can do for you saving me all that typing. "Yeah, what he said!" is all I need... You know, I can take Oscar, but all these stupid shills/carbon blobs/hangers on are really something. I just...

Bill, as much as I would like to keep you in ER2 until you're broke, I'm going to tell you a simple fact of life. Now, I know you know this, but here it is: not everyone can be good at everything. If you have really put that much effort into this, and you are still losing on a consistent basis...

My these shills are idiots! And forget the expectation, that would involve decimals and multiplications, both, I am sure, several grade levels above this shill's ability.