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if a stock gaps beyond your stop (long or short, long if there's fraug aka SINO or short stock is bought out) stops are useless. if you allocate 20% of your equity to a stock and it drops 50% overnight you lost 10% of your total equity, not 0.01 or whatever small % you planned based on a stop...

where does it say this on the ib website?

random but interesting fact for all those bottom pickers...pnsn broke through the 50 dma on 4/18 and closed at 6/28...if you had said "gee maybe the uptrend is over and i should sit on the sidelines until it goes back above" or better yet "gee, the uptrend is over i'm going to short" the price...

couple thoughts...first yeah it sucks the sweep might go away but as steveh right said, this feature might not have had any real value b/c the ultimate guarantee wasn't coming from ib but from sipc. it's like if i told you john smith would insure your house but then later find out that he wasn't...

the prob is that say there is a low vol environment so you increase position size to compensate then a black swan happens and/or for whatever reason vol spikes then you have a huge problem. there are always markets w/ vol and/or trending every year (e.g. this year take a look at the YTD...

R-O-N-G. There is such a thing and for the low price of $99 a month I will show you how to make billions. I'm temporarily expanding my subscriber list to a select few individuals. You can be one of them. -Trading service marketer who prefers to teach not do

+1. and traders should make sure they quality for any cme fee waivers so they don't pay money they don't need to. there's also an arb b/w data providers if you use nt b/c kinetick uses the iqfeed but it's cheaper than buying the iqfeed directly. no i don't work for nt, kinetick or iqfeed.

+1. i suggest you use ib for execution and either kinetick or iqfeed (kinetick is just iqfeed rebranded but it's cheaper if you're using nt) for data. don't be put off by spending the extra $50 or maybe $100 a month on data b/c by definition is represents what you're trading. if you're looking...

http://www.marketwatch.com/optionscenter/screener?screen=1&displaynum=100 this shows a list of the top 100 options by volume for a day. in general the highest volume stocks have the highest volume options and therefore the tightest spreads. not to be rude but goog is your friend (that's how i...

noramlly i adhere to the whole "teach a man to fish" attitude as in "umm try goog" but here ya go... https://www.cboe.org/hybrid/pennypilot.aspx

is the prob w/ spx and rut that they are pit rather than electronic traded?

+1. i learned this the hard way. i'm the exact opposite in that i shifted to a lower time frame (day from swing trading) and it's night and day. someone may be a horrible trader on one time frame but a great trader on another merely b/c it's the wrong time frame for them.

so ET doesn't allow certain keys i guess so here's the format you need to compare two symbols ticker 1 equity ticker 2 equity go

try this... XLF<EQUITY>SPY<EQUITY><GO>

although the reason is more or less the same (to show audited perf) an incubator account is more credible to potential investors. an added plus is that once the incubator structure is set up it's relatively easy to go to a full hedge fund structure incl the matter of compensation...

yeah that sucks for him but it sucks just as much for someone else who lost the same amount that was an individual trader. money's money. this is like buying homeowner's insurance and finding out the premiums you paid vanished and the co. doesn't exist anymore. as has been said many times...

just a guess but it's prob b/c the brokers are very aware of traders who sold options then blew up not only themselves but wiped out the firms equity b/c they sold spx puts for $0.10 that were later worth $10.00 with no way to pay for them.

excellent idea. i know some trend followers use options instead of futures for this very reason and b/c of the asymmetric return profile (e.g. you can only lose prem but your upside is much larger).

as usual, nodoji nails it. i'll just add that calling tops and bottoms is more about ego than making money.

+1.