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  1. J

    What seem like a very advanced approach

    Someone finally one-upped Jack Hershey.
  2. J

    Is FIX the way to go for automated trading with IB?

    On IB's "Interface Comparison" page it says message limit per second is 150 for CTCI(FIX).
  3. J

    Your Broker Is Your Enemy?

    Just trade forex futures. In the futures markets no one gives a damn when small traders buy or sell.
  4. J

    IB exchange fees & Comms.?

    If you are going to pay for X_TRADER then you should consider Eagle Market Makers. Their ES commissions start at $0.40 per side plus exchange and NFA fees.
  5. J

    IB exchange fees & Comms.?

    If you have a large account balance you need to take into account that IB is one of the rare futures brokers to pay interest on your cash balance over $10,000. Not so significant when rates are 2%, but quite significant whan rates are 5%.
  6. J

    IB exchange fees & Comms.?

    ES unbundled starts at $2.35. Exchange and NFA fees total $1.15. Data feeds for most US markets are free if you pay $30 in commissions per month. You are leaving out the clearing fees in your table. Fixed table is < = 300 @ $1.20 < = 1000 @ $1.00 < = 10000 @ $0.65 < = 20000 @ $0.45
  7. J

    What's wrong with DUG?

    You have a reading comprehension problem. I never said that DUG holds stocks or that DUG is the Dow Jones Oil & Gas Index, just that the performance of DUG is tied to the performance of the Dow Jones Oil & Gas Index rather than to the price of oil. In particular DUG is supposed to match double...
  8. J

    IB Account Statement Nonsense

    IB has a new section in their statements "Equity Value Time Series". This is a useless piece of junk and clutter. You can't custom template the statement to get rid of the damn thing. Why doesn't IB put its software effort into getting the bugs out of TWS instead of doing useless changes to...
  9. J

    Why short term traders only trade futures and forex

    You do NOT "need to file as a 'business income' " to deduct commissions and margin interest costs.
  10. J

    Why short term traders only trade futures and forex

    60/40 tax treatment for futures is more important.
  11. J

    What's wrong with DUG?

    The Dow Jones Oil & Gas Index is based on the price of oil, natural gas, coal and energy service stocks, not the price of oil. The energy stocks got clobbered and DUG went up.
  12. J

    Tradestation down 3rd time for the week

    Only in the ads.
  13. J

    Anybody trading 100+ SPX options per order

    100% inaccurate or 5% inaccurate? If it is to someone else's benefit you will get a fill at the midpoint (fair value), but if no one else is interested in trading at the midpoint you won't get a fill until the market moves against you.
  14. J

    What's wrong with DUG?

    XOI was down 3.24% today, so DUG underperformed on the upside. Oil company stocks and the price of oil don't always move in the same direction. Same goes for copper, gold and silver stocks and the prices of copper, gold and silver.
  15. J

    Which one ?

    Firstrade is not a direct access broker. Firstrade's margin rates are not low, starting at 7.75%. IB's margin rates start at 3.50%
  16. J

    Tradestation Woes - Must pick a new Platform

    TS or any electronic broker is responsible for nothing, it is all in the agreements you signed. The best you can hope for is a clear explanation of what went wrong so you can avoid that problem in the future. It is your responsibility to keep your eye on your automated trading system to...
  17. J

    "Simultaneously buys and sells the same currency", do you believe that?

    Buy from one dealer and sell to another one.
  18. J

    IRS wants millions hidden in Swiss accounts

    A lousy $20 billion? And $20 billion in assets, not income? That's a part of a drop in a bucket. Warren Buffet has $60 billion he has never paid taxes on and the IRS is concerned about a lousy $20 billion in Swiss accounts. Why doesn't the IRS spend more time going after the annual $200...
  19. J

    IRS wants millions hidden in Swiss accounts

    Why is a flat tax immoral? Colorado, Illinois, Indiana, Massachusetts, Michigan, Pennsylvania and Utah all have flat rate income taxes. Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming have no income tax. New Hampshire and Tennessee only tax dividend and interest...
  20. J

    Uncle Jay's educational video on congress holiday schedules

    We would all be better off if Congress just took the whole year off.
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