Search results

U.S tax code prohibits using "debt leverage" to buy investments for a tax-advantaged entity such as an IRA. Some brokers are now allowing IRAs to have restricted margin accounts that give them immediate access to funds during the settlement period. This is something fairly new. I have an IRA...

I turn 61 later this month, but my doc says I don't look it. My girlfriend is 10 years younger and doesn't look her age either. I did my first trade in soybean meal in early 1970 shortly after I got out of the Air Force and started my junior year in college. If I could have a do-over, I...

There are a couple issues here. In my opinion, an automated trading system (ATS) doesn't make a lot of sense unless you test everything first. That's what I try to do. By momentum I presume you mean momentum of price change. Price history is not too hard to get until you get down to...

I hope I am not overposting on this thread. I do most of my trading these days on NYSE and much of that is at the open and close. Order handling is very important to me, and I am always receptive to learning something I did not know. I realize now that there are important facts that I...

In my opinion, the opening cross at Nasdaq is still a work in progress. Most data vendors take the first trade after 9:30 Eastern as the 'open'. Whether you get filled depends on how many shares are bid for, at what price, and on which ECN. Nasdaq can trade through your price depending on how...

What you are saying about marketable limit orders at the open is what usually happens. That is why I was so surprised at what actually happened on one of my orders. It was a sell limit marked GTC and RTH-only. The market opened and traded well above my price, but I got filled at my price...

Not so. The specialist can ignore it (or not, his choice) if it is not MOO or LOO. If it is LOO, the specialist can also fill all or partial. Both have happen to me. [rwk]

Only if you use a limit-on-open (LOO) order. Any other type of limit, and the specialist can ignore it.

Are you using the Secure Transaction Program (STP)?

You might have a look at this Delphi component that works with IB's API: http://www.hhssoftware.com/iabsocketapi/ I use it and it is a big help. [rwk]

This is not necessarily bad advice. The expenses mentioned are valid for someone who qualifies as a "Trader in Securities". For many of us, however, the the tax saving on Schedule C is less than the cost of having a CPA do our taxes. Claiming trader status and filing a Schecule C do appear...

The contract is trading at both exchanges. To get the emini on TWS, type 'RUT'. When presented with a list of choices, select 'TF' ('TO' is the full-size contract). IB will be trading both eminis thru 9/2008. During market hours, the TF is usually bid one tic lower and offered one tic...

http://www.cme.com/trading/prd/equity/russell2000.html Trading on ICE has already started.

I don't think you can do that in TWS directly, but it would be a simple app to write for the API depending on your objective. Your buy/sell criteria sound simple, but building an app that can handle problems such as loss of power, loss of Internet connectivity, broker problems, exchange...

http://www.barchart.com/

Am I correct that this requires a separate data subscription? [rwk]

I have tried IE6 and Firefox v2 with one computer and IE7 with another. All produce the same endless loop. I have previously added suggestions and voted, so I know my login is good. I opened a support ticket on this, then decided to call tech support. They said it could be a software bug...

How did you create the poll? The login dialog takes me in an endless loop.

Microsoft has that: http://office.microsoft.com/en-us/excel/HA010346091033.aspx

I have heard that you can have two logins for the same account. You would have to pay the $10/month minimum unless you trade via both logins. Contact IB for details.