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  1. J

    IB and Market Data Question

    Quotes are free so long as your produce $30 in commissions each month. So at $0.70 per contract you have to do about 43 contracts per month for free quotes. If you only do single lots @$1.00 per contract then you need do only 30 contracts. Exchange fees do not count in the calculations...
  2. J

    Question about PDT

    SysW: Laws are the price we pay for civilization. This is a philosophical thing. I have no problem with "a fool and his money....", just laws are needed to protect some folks from the bad guys. Sub-prime loans are a god example. There was greed by the house-flippers who knew what they...
  3. J

    Question about PDT

    SysW: I'm not sure what part of the rule you think is "baloney" - the whole rule, the $25K, or the 90 day go-to-jail feature. I think the FOREX market is doing the job of separating the folks that like ridiculous leverage from their money (futures are not well advertised for that purpose...
  4. J

    Question about PDT

    Here is a fairly clear definition lifted from a Broker's web site: - Day Trade: any trade pair wherein a position in a security (stock, single-stock future (SSF), bond or stock option) is increased ("opened") and thereafter decreased ("closed") within the same trading session. - Pattern...
  5. J

    need a new broker

    Can you do this at Ameritrade? Jack
  6. J

    Question for IB veterans

    Web-based is a misnomer. The web-based TWS is loaded on your machine and runs under Java on your machine. The difference between it and the "downloaded" version is that the web-based version automatically updates if it detects a newer version on the IB server when you log in. The advantages...
  7. J

    Limitation of trader workstation

    What do you mean by "crash". Does TWS close, lock-up, stop updating, go pink or something else? Or are you only getting error messages and TWS keeps running? Jack
  8. J

    IB shutdown - How did they solve your loss

    One of the reasons IB might compensate would be as follows: a) You place an order and it is held on the IB server. It cannot be placed on an exchange as it is not a type handled by the exchange. b) You experience a major failure. IB feeds to you are not working. IB does not answer the...
  9. J

    Do I qualify for Trader status?

    Ashan you have a number of things to consider - If you are currently young, healthy, and single you have probably not thought much about medical insurance. If you marry and have children, medical insurance might be nice unless your spouse has insurance or you are a VERY successful trader...
  10. J

    Do I qualify for Trader status?

    Here are the IRS guidelines - * You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation. * Your activity must be substantial, and * You must carry on the activity with continuity and regularity...
  11. J

    Can I sue a broker for doing this?

    You said you: were short 25,000 shares. you received a "regular maintenance call". werre down $37K in the position. had an $80K surplus. Was this all at the same time? You also stated the broker only covered 20,000 shares, leaving 5,000 shares. What was the amount of the...
  12. J

    Credit Card Debt increasing quickly.....

    Take a look at this article. It is a Gallup survey result about credit card use. http://www.gallup.com/poll/27502/Will-Credit-Cards-Suffer-SubprimeLike-Meltdown.aspx Jack
  13. J

    High Speed Internet

    I think the Netgear unit has a 10 megabit top speed on the WAN side. I think the Linksys units are both 10 or 100 megabit units on the WAN side. I have no manuals on these units. You might check to see if there is any type of logging in the router. See if you can find a connect speed...
  14. J

    High Speed Internet

    In the bandwidth examples shown there are three numbers - Downlink, Uplink and Ping Time. As pointed out by most responders, downlink speed is important to assure minimum delay in getting market data during an "event." (Fed or what have you). Uplink has little meaning for most trading...
  15. J

    High Speed Internet

    Gnome: Upload vs download differential like that is common. However, with the advent of home video, digital photography, etc., and people sending such to each other, the ISP's have begun to increase the uplink speeds. Uploading Speeds Slowly Catch Up By DIONNE SEARCEY November 28...
  16. J

    The Science of Technical Analysis

    I found the book Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals to be interesting and germane to this thread. It is a very nice amalgamation of the disciplines needed to understand and evaluate a system based on technical...
  17. J

    IB Will Require Java 1.5

    From the IB web site TWS Beta Release Notes Upgrade Java to 5.0 by January 1, 2008 Please note that effective January 1, 2008, TWS will only run on Java 5.0 or higher. If you have not upgraded yet, from now through the end of the year you will receive a message when you log in encouraging...
  18. J

    Monitor Setup Help Please

    Pure guess - but I'd say it is a monitor "feature" to lockout\prevent simultaneous analog and DVI inputs. Once set it cannot change until powered down.
  19. J

    Data feed/ DOM software for IB

    I think that the IB limitation is based on their datafeed. The DOM is very resource intensive. If you are trading the GLOBEX market (ES, ER2, NQ) you are getting the last price and five levels of Bid/Ask/Size. (YM from the CBOT has 10 levels) IB counts each (ES, ER2, NQ, YM) as a single...
  20. J

    Futures commissions

    Moo: They don't publish their rates because that way you have no idea where to start your negotiation. The more they can get you to pay for a R/T the more they make. I was amazed at the variation in available rates when I called around a few years ago. Call one of the firms and see what...
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