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The 1099-B sent to the IRS tells the IRS if commissions are included or not included on the 1099-B. I would think the IRS would have to manually find the difference in the gross sales proceeds we report and what is reported on the 1099-B and the IRS would look and see we did the right thing and...

There must be some truth to what we hear about 90% of all traders loose money. Traders should be able to make at least a little profit in any market as long as there is volatility. There must be a lot of traders that have been busted in this bear market. Reminds me of 1973 and 1974 when almost...

I am using the TWS standalone 753 and have not had any problems. I use the system all day to place limit orders to buy/sell. I only download updates to IB's TWS when there is a new feature I think will help me. I always wait a few days after the release of an update before I download to read...

musicman: I think the more you use IB's TWS, the better you will like it. While it may seem a bit complex at first, the flexibility is what makes it so great for trading larger orders all working at the same time on the same security and/or multiple securities at the same time. On large...

It is for sure good to be able to get the broker on the phone line when you have a problem; But, by the time I can get any stock order, I really wanted entered 2 minutes ago, entered through a phone call to a brokers trading desk, it is way too late and someone else is better off than I am. I...

nitro: Htrader and IB gave you the correct answer on the actions of the specialist. I look forward and hope for the day when NYSE uses only ECNs and no specialist. The specialist for NYSE listed stock is like having one market maker handling all the order flow on a NASDAQ stock, and you know...

I think IB's TWS is by far the best trading platform I have used. The feature where you can have an unlimited number of one line drop-down order lines on an unlimited number of securities at one time is outstanding. As for charting: I for sure would not want IB to be the provider of all...

I have had these things happen several times in the two years I have been trading with TWS. I generally accept the loss or gain and do not call IB as I figure it was my error and the gains and losses have a way of averaging out. The advantages of using TWS far outweigh the disadvantages...

Many of the specialist on the NYSE are worse than market makers and I do not think looking at the bid/offer and size change can tell one much;If it did, I would be very rich by now as I have been trading since 1972. Well, we all know the specialist game, and what order route we use is not so...

Def: I am also interested in any thing you can pass on to us on this subject. Catoosa

The two minute window on NYSE came from page 40 the book "The Electronic Day Trader". The book was published in 1998 and a lot can change in four years. As far as IB looking at offering direct access to the regional exchanges, IB did a survey and ask their users to rate how important this...

I am going from memory and could be wrong; But, I remember the following: On the NYSE, the specialist has a two-minute window before he has to fill your order or post your bid/offer. If the specialist fills your order immediately, the results may not be released for up to two minutes. So, the...

ron2368: I use Captools global Investor. It will handle odd lots and partials as easy as round lots. I think a lot of traders are using tradelog software: However, the current version of Tradelog (based on reading the information on Tradelog's webb page) is only a trade matching software...

On the 1099-B, the IRS gives the brokers the option of reporting the sales with or without commissions. The IRS requires the broker to indicate whether the gross proceeds or gross proceeds less commissions and option premiums were reported to the IRS. The brokers only report the sales...

I have been trading with IB for two years and have never once used a market order. IB's "Best Execution" limit orders have worked great for me. I use the individual ECNs for before or after hours trading. Catoosa

I have been having problems one or two times a day with the stop of all data coming into TWS. All data to all of my other open trading platforms is still flowing. TWS does not disconnect. The screen just looks dead and I have to log off and log back on to restore data flow. By the time I figure...

Open an account with IB and you will be doing more than small lots with IB. You may be doing all of your trading with IB and closing your Cyber Corp account. You may find yourself doing 50 trades a day. Just the opinion of one happy IB user. Catoosa:)

Dattrader: I just spent nearly an hour typing up a comparison between IB TWS order entry and RealTick order entry. When I hit the "submit reply" button, I found I had been timed out by "elitetrader" and my hour of work was lost. I really do not want to try and type all that again. I have had...

I use RealTick 3 PRO spread out over 7 monitors on a 128K ISDN line. There is a lot of data coming in and I do not have any problems with lockups. I always have IB TWS running at the same time and trade on both platforms at the same time. I find both platforms to be equally fast and reliable...

It will be braille next for if the visually impaired need icons as large as those of TWS, it is for sure they can not see any of the text on the page. Catoosa