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  1. M

    Suddenly classified as Professional for market data purposes?

    I wouldn’t think the broker is to blame. Most likely the exchange doing their own audit. IB passes those professional data fees over to the exchanges.
  2. M

    trading software that connects to SQL db

    Do some google on Amibroker. Not a programmer or tech guy so not sure how SQL works/is. Quick google on Amibroker/SQL turned up lots of forum topics/official info. They have an ASCII importer I’ve used plenty of times to import data in whatever configuration I wanted. Many programmers on the...
  3. M

    Bernie Sanders wants to tax Wall St to pay for college. 1/2% tax on all trades

    I’m curious as to how this would effect people’s investment funds/pensions. Seems like funds returns would have to drop and you’d just be simply offsetting student loans from future returns. Almost like paying off a credit card with another credit card...
  4. M

    Sssslippage and commission$

    Well if using limit orders slippage isn’t an issue. Commissions should be known ahead so theirs nothing to assume. If your trying to calculate the difference between a backtest and live executions it gets tricky. Depends on the frequency of data and frequency of trades and is hard to hard...
  5. M

    any low cost real-time market data source??

    If IB is making you pay professional fees then any provider will as well. Those fees are from the exchanges. IQFeed does the same. If I recall correctly Robert Morse mentioned something about NYSE auditing clients over professional status.
  6. M

    Minimum $ for funding an account

    If your from the U.S and plan on day trading you’ll need 25k to get around pattern day trade rule.
  7. M

    Robintrack

    I remember when a grow operation started here and all my coworkers started talking about weed stocks when they first spiked. They were all talking about how it had to go up more since it wasn’t even operating yet. I tried to explain how stock prices aren’t a direct valuation of earnings and...
  8. M

    What Do You People Respond To?

    If history repeats itself, when ET is calling for the top, go short, bubble is bursting threads pop up, it’s time to go long.
  9. M

    Vectorized backtesting with pandas

    Depending on the data used, I can’t see the benefit of event driven vs vectorizesd. If your using minute data and assuming values besides acting on open and close values, your kind of guessing entries/exits to an extent. Unless you use tick data theirs no difference. Using EOD data and...
  10. M

    How do market makers make money?

    A designated market maker is require to provide a two sided market but doesn’t have to be at the top of the book either.
  11. M

    Stop limit order-Avoid buying into falling prices

    Your asking to buy only if price goes up after. That’s a holy grail situation. If you only want to buy if price goes below your entry price but then rallies back to your entry theirs really no order type for this. You’d have to code a strategy with some software or using brokerage API and...
  12. M

    Trading Sardines - Linda Raschke interview

    When I heard an interview with her on better system trader it didn’t sound like she was a fan of amazon. Mentioned something along the lines of they didn’t write any of it so why do they get a cut of it.
  13. M

    It’s time to strengthen the regulation of crypto-assets

    Thought the idea of crypto was it was unregulated. Regulating it sounds like fool mans gold.
  14. M

    Marketable limit order

    A marketable limit order is simply a limit order. Ex market of 10.00 bid and 10.05 ask. I want to buy but don’t want to I want to buy but don’t want to send a blank cheque so I send a limit order to buy at 10.07. This buy limit is above the best ask so it’s executed as a market order. Now...
  15. M

    The Small Exchange: Building a new ecosystem for the little fish

    Sounds horrible. I don’t trade futures but the beautiful part of futures is a central exchange.
  16. M

    Data Permissions

    Not an IB user here but every Sunday theirs usually a post or multiple about issues with features in IB or unable to login to TWS. Their usually resolved before market open. Guessing they just do some server maintenance every Sunday.
  17. M

    All Sonic staff quits after wages slashed in half.

    https://en.m.wikipedia.org/wiki/Tipped_wage Not sure how accurate. Couldn’t imagine working for 2.30 an hour. Of course my wife does have a few friends who waitress at nice restaurants/bar and grills and they can make more a year then my friends who are engineers which seems wild. Guessing...
  18. M

    What do you guys use to backtest a strategy?

    Amibroker or Amibroker/Excel. Sometimes it’s easier to export results from an exploration in Amibroker and crunch some statistics/make a chart with Excel. I dabbled with python a bit but since I trade EOD charts and work full time, learning to code a backtest/portfolio backtester/rotational...
  19. M

    Need Advice on A Position (Major Loser) Dollar-Cost Average?

    Unfortunately, no matter how great the company is, oil isn’t in a great spot and oil and gas stocks are highly correlated to their the commodity prices. Some of the large integrated companies are less correlated but their also large non volatile blue chips for the most part. If you bought it...
  20. M

    Hot Keys - Buy Ask +.05/Sell Bid -.05

    Depends on the trade I guess. If you want in the trade, I just lift the offer. Trying to work the order to to save a penny usually cost me more chasing. This is more for entering pullbacks and my entry is on strength into the direction of trade. I have a mean reversion strategy that revolves...
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