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>Are you placing buy stops below the market >with IB for stocks or futures? Stocks. Do it all the time and even as we speak I have multiple stops in on both sides of the market. JB

>you really are a depressing person don to >everybody on elite trader Attempting to speak for "everybody on elite trader" is an insanely ridiculous proposition (as is the continuation of this battle) JB

(First, let's reiterate that IB is not for everyone and this is not an attempt to convince anyone that it is. It is merely an attempt at full honesty. Also, while a fan of IB, I have no association with them other than I can pay for my Beemer this year with what they have saved me.) Hi...

>why would anyone use selectnet to preference a >market maker or selectnet broadcast their order Well, now days that is an excellent question with Selectnet reduced to a non-liablility system, but something tells me that isn't how you meant it. I think you mean to ask why wouldn't you just...

You'll get hit for ARCA fees on the whole 1000 shares and nothing else. JB

>Using the "handle" on the left side of the toolbar, >just drag the whole thing off Jeeezzzzz!! I've previously suggested a removable toolbar -- now I feel like a dunce. Don't know when they added it, but THANKS for pointing it out. EXCELLENT! JB

>Hell, many people on this board were demanding >that Chartwiz produce ongoing audited results >just to continue posting free educational links to >his website! Ya know Magna, you are a very valuable contributor to this forum, but it would be very nice of you to refrain from blatent...

>How do I know the delay introduced >through my ISP? The aforementioned Pingplotter utility will show you the delay introduced by each hop between you and any server. This is an excellent method to determine whether any problem is distant or local. A Google search will set you up. JB

An astute person might have taken from my second sentence that there are reasons *other* than possibly stale quotes to not rely on that ECN. It's called "sharing". JB

To notice that I would have to pay some attention to that particular ECN...I don't. Perhaps you just listed another reason not to. JB

>Some electronic order entry systems do not >make a distinction between "stop" and "MIT" >order because the order entry system knows >what the current market price is at the time >you place your order This is the case with my brokers (IB, MB, ProTrader). They just call them all...

>How do I check if my datafeed is delayed? One of the best ways is to ping the data server (pingplotter utility). If the delay is introduced through your ISP, the Island quotes will also be delayed and the comparison will be invalid. JB

>One of the reasons differentiation between >stop & MIT orders exist is that before days >of electronic order entry... >Electronic order entry solves most of >these problems. That makes perfect sense dottom. Thanks so much for the explaination. It's amazing what can be learned here...

Thanks for the information and link dottam. >I have found it useful to think of MIT orders as >LIMIT orders that turn into market orders as soon >as a trade happens at the limit price or better. >So e.g for a long position buy stop (loss) are >below the entry price, MIT or LIMIT's...

>A sell MIT is placed above the market, a sell stop is >placed below the market. A buy MIT is placed below >the market, a buy stop is placed above. I'm confused with your terminology. I place IB sell stops *both above and below the market* depending on whether I am protecting my...

Murray, if you would like to begin a thread posting trade examples, you would be more than welcome to do this. On this thread however, let's please not stray into that territory and get ourselves back on track with feedback on traders successes (or lack thereof) in the various chatrooms...

WarEagle is correct...just hit the sell hotkey. JB

>I'm in Chicago and my ping goes from 10ms to 180ms... Yes, similar happens for me (San Diego), but my system trades (for which I need the data feed) are a longer time frame and the increase in latency will not harm me. For scalping, it wouldn't be worth the money saved. We'll see. JB

>* Broker is member of NASD = daytrading under >$25k OK with margin statused account, but not >allowed use of margin. Not with any of my brokers (MB, IB, Protrader). JB

>I dont get the point....why go back & forth on >20-25k.....just trade 1 emini Nasdaq - SP & >solve the problem OK whiz, here's the point -- there is no pressure, cause I have over 75K in risk capitol. However, as a newer trader who wants to survive to be a non-newer trader, I don't yet...