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There seems to be a bit of confusion. Assuming your do not qualify for mark-to-market rules here is some info from your friends at the IRS: Wash Sales You cannot deduct losses from sales or trades of stock or securities in a wash sale. A wash sale occurs when you sell or trade stock or...

Yes. The rule applies for a 30 day window if you have a loss. If you are in and out the same day and end each day flat and have made a profit on the symbol you traded and the last sale was a profit you have no wash sale carry-forward. The 30 day window does not apply. If you...

Yes. You must talk to Customer Service. Then sign a waiver releasing IB from all liability, etc. I use the device myself. There is at least one other thread here on ET which discussed opting out. Jack

Not precisely true. It has been an option for years and until the last few months was just used to authorize money movement. Use of the device to log into accounts is a recent feature and is not optional. Now you must opt out, rather than opt in. Jack

Try this thread. There are some links with pictures of the device (s) as well as a lot of other info. Go down about 4 or 5 posts for the picture link. http://www.elitetrader.com/vb/showthread.php?s=&threadid=97379 Jack

Trader's Studio is not real-time. It is promised, but like most software vendors, they constantly slip their delivery schedule. You might look at the smartquant web site. These guys are constantly changing their market model and you can never tell if they'll be in business under the same...

IB has a demo account for non-IB customers. It is more limited in scope than the paper trading account. The paper trader has real-time quotes and almost all regular account features. The demo account has delayed quotes and a limited feature set. Go here for the Demo...

IB had some serious server issues about a year or so ago. They do have redundant servers, etc., and sort of explained the problem they had. I forget what it was. Then when they went to the "fix" they had further problems when the system went down and more than 1024 people tried to re-log in...

Spoke too soon. No futures feed yet. Jack

Up here. They probably did some update or another. See you guys. Jack

Just updated. For your reading pleasure: Login issues Customers on US servers may experience login or disconnection issues. We expect to resolve the issue shortly. The Hong Kong Customer Service Desk is able to place closing orders and can be contacted on +852-2156-7907. [Mesg Id: 137495]...

IB Hong Kong says they are aware of the problem and are working to correct. I asked them to get the Web Site "System Status" up to date. Jack

Same Washington, DC. Went down at normal reset time and did not return. Also true of paper trading account.

I did address that issue I said: Lost opportunity in a $20K account might be $500, in a $100K account $2K It is a function of account size. Professional traders don't all start out with gobs of capital. If we are to treat trading as a business then we have to have a start-up business...

OK, let's forget the capital cost to put some redundancy, etc. in place. Let's just consider that the infrastructure you recommended costs $12,000 a year to maintain ---- You can use IB's time-sliced non-lagging datafeed at no cost. Your order entry is automated such that protective...

Here is a current extract from a broker that trades customer-purchased/leased systems for a client's account. Note the drawdowns and the recommended account size to support the system. Frosty has not mentioned his account size. Jack

Calculating the first 4 tiers at J2T the rate on $500K is 6.975%. Rate Loan Annual Simple Interest 6.75% $250000 $16875 7.00% $150000 $10500 7.25% $50000 $3625 7.75% $50000 $3875 Total $500000 $34875 6.975%

I don't see a disk drive or disk array for the 490. Did you miss posting it or wasn't it quoted? Jack

How many years back do the losses go? You can deduct up to $3,000 a year in capital losses against current income (typically the income shown on your W-2 for that year). The rest of the losses are carried forward. Let's say you started trading last year and lost $7,000 in trading...

Lately they have been in very flexible FedEx "Padded Pak" Envelopes. If your FedEx delivery person is talented, the Pak can be folded to fit and pushed through the slot. Jack