Search results

  1. S

    IB (finally?) admits to matching orders internally

    If you wanted to get filled at .35, why wouldn't you put your limit at .35? And if IB "shops" your order around, before filling at .37, you have the distinct possibility of algo-bots detecting this and moving the market away from you so you get no fill at all.
  2. S

    When My Broker Executes a Trade Does the Counter Party See Which Broker Placed the Trade?

    Don't let anybody fool you. We've all seen your orders - they are tagged with "USDJPY". We trade against them everyday and we're shooting for your stops!
  3. S

    Took out a loan to transition to full-time trading. 24 years old.

    Just a suggestion. Out of your $1000 in savings a month, put $500 or $750 into some sort of savings vehicle and don't touch it. Add the other $500 or $250 into your trading account and then watch it disappear. Seriously, if you are having close to -50% days, then the less you put into your...
  4. S

    Interactive Brokers Incorrect Option Margin Requirements

    Yes, is in cash account. I've never traded options so you'll have to be more specific if you want me to check option impact.
  5. S

    Interactive Brokers Incorrect Option Margin Requirements

    Not sure if this hurts or helps but when I preview a buy 100 of XIV, I get an Initial Margin Change of $8,729 (limit price 92.98).
  6. S

    In search of a good trading API other than TT

    Have you tried Quantopian? Otherwise, I suggest playing around with beginner's tutorials for several different languages and see which one jives with you. Include a functional language in there (maybe F#) just for complete coverage.
  7. S

    JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up

    It might not ever completely fail, but that doesn't say anything about its end price.
  8. S

    Took out a loan to transition to full-time trading. 24 years old.

    Couldn't sleep at night with your daily swings. Try to avoid the -50% day if you can because I think it is just a matter of time.
  9. S

    Trading patent algo

    In this particular thread, it happens when people try to patent inherently unpatentable things. These patents just add friction to society's progress when they shouldn't exist. Anyone involved in these types of patents must be either supremely arrogant or supremely greedy. These types of patents...
  10. S

    Trading patent algo

    You must think your sh*t doesn't stink. You lower humanity by your actions.
  11. S

    Trading patent algo

    To even think that you can patent a trading algorithm takes a one-of-a-kind assh*le thinking outside the box. Congrats.
  12. S

    JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up

    So if the blockchain is the truly valuable part of the bitcoin ecosystem and can be replicated using other systems, what does that mean for the value of bitcoin?
  13. S

    Trading patent algo

    Congratulations for being an active participant in evil. Maybe next time, don't do this sh*t and the world will be a better place for it. The thought of a trading algorithm being patented is completely idiotic. But that doesn't mean it won't happen because we have immoral assh*les running the...
  14. S

    effect of wash sale rule across multiple accounts

    Main benefits of trader tax status (without entity) is that I can write off expenses against my trading profits. Since my expenses are relatively high, this is really beneficial to me. The safest way is to designate some accounts as trading accounts and others as investment accounts. I would...
  15. S

    effect of wash sale rule across multiple accounts

    Reread comagnum's posts in this thread (plus his link). If it were me, I would purposely avoid trading/buying the same securities in both an IRA and a regular account because if you get it wrong, the penalties are enormous. As for the multiple accounts, you have to view it as having one account...
  16. S

    effect of wash sale rule across multiple accounts

    We've debated this topic before and I do not think you are correct. If you do not have an entity, your trading income can never be anything other than unearned income. You can still report it as business income (assuming you meet trader tax status), but you are not eligible to contribute to an...
  17. S

    effect of wash sale rule across multiple accounts

    As other people have noted, your situation becomes more complicated if one of those accounts is an IRA. Please tell us if one of the accounts is an IRA. My assumption was that neither account was an IRA.
  18. S

    effect of wash sale rule across multiple accounts

    You can get trader tax status without creating an entity. You won't be able to contribute to an IRA because all your trading income will be unearned income. However, this setup is much simpler to deal with and you don't have to deal with entity reporting and fees.
  19. S

    Equifax: Stock-Selling Execs Unaware of Breach!

    Whoever designed that website needs to be fired.
  20. S

    effect of wash sale rule across multiple accounts

    Get flat the stock and don't trade the stock for 30 days starting sometime in December. Then you can essentially ignore this issue. If you do not do this, then you can expect your tax return to get very complicated.
Back
Top