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Definitely!!! The attitude at CME is "rob the customers blind" while the attitude at CBOT is "gouge the customers" :D :D :D

Be very very careful selling options. Make sure you know what you're doing, how the options are exercised (european vs american exercise) and when to expect a potential early exercise. Another thing to consider is that even though a large contract may give you more leverage and lower...

Yes. The reason is that nobody trades them, hence the huge bid/ask spread and zero volume. Stick with ES options or even ER2, those are much more liquid than NQ. Or just use QQQQ options instead.

Does anyone know when the rollover date is for VIX futures? Given the very low volume I can't figure it out from the data.....

I've been trading EMD since mid-2005 and I love it. It shows significantly less "spikeiness" than ER2 and much smoother trends. It does provide problems for large trade sizes, I often see 1-2 tick slippage, but even in my daytrading system this isn't a real problem. For my type of system ER2...

Sorry, meant to say unleaded gasoline, NYMEX contract HU. The problem is I'm pretty sure, but I'm not willing to bet the farm so options seem to be the way to go. Can anyone suggest a good website for modeling futures options -- maybe if I do some price modeling I might not lose money if I'm...

I'm convinced gasoline is bottoming and will be heading back up over the next 6-9 months (after the election). Can anyone suggest a good way to play it? I was thinking futures options but whenever I touch options of any kind I end up kissing my money goodbye....any other suggestions? Or is...

I noticed the current front month VIX futures (Oct 2006) dropped off a cliff over the past few days. VIX has declined, but not nearly as much as the futures. Anyone know why?

Note this can trigger an IRS audit (so I've heard) so make sure you really qualify to do it before doing it. Consult a qualified accountant, there are several who specialize in traders (google them).

It was my understanding each and every price comes through -- but multiple trades at the same price will not necessarily come through, meaning it's not a true tick feed.

Just tell them to buy low, sell high. It's easy

In the 10 months I've had Tradestation it's still ahead of IB in terms of outages. I keep both accounts, one is a backup for the other.

My step-brother is a US citizen but is working abroad in Europe for a European company. He would like to open an account (under my friends and family master account) but we're not sure how to fill in his address -- should we fill in his address in Europe, or his US address (with his mother --...

You could tell it was coming from TWS 8.62 which had charting for expired contracts, but now the 9.0 beta of the API has been released with historical data queries for them. IB thanks, this is just awesome. I'm sure there will be some issues (hey it <i><b>is</i></b> a beta) but no matter what...

What I've been told is the easiest way to do this is simply write the orders to a text file, then have another program which monitors the text file, reads orders from it and submits them to IB or whatever. Other programs exist that capture the emails TS can be configured to send when orders...

I screwed up last night and chose "default" as the trigger method on my buy stop order on the canadian 10 year bond (CGB) when I wanted to choose "double bid/ask" (that'll teach me not to enter orders while watching baseball playoffs!). But it got me thinking about how hidden orders are handled...

Is this new math anything like the math I use on my brokerage statement: $10,000 initial balance - $10,000 trading losses -------------------------------- $ you are screwed -- go sleep on the couch

Something else to keep in mind -- in general (not always but in many many cases) the level 1 CSRs are not highly trained, and in many cases they are paid close to minimum wage and there is very high turnover (not just IB -- at all brokerages). I've dealt with some real ninnies over the years at...

Can't you close out the position using IDEAL instead of IDEALPRO? Not an ideal solution (no pun intended!) but I don't think there's a minimum on IDEAL.

He did answer you -- it depends on the type of order you use (for example trailing stop versus trailing stop limit), and your broker and how they execute that type of order. Look at the help on the IB home page for info on how they handle it. Some brokers only offer trailing stop market...