Search results

No, it's from the same article, regarding the disconnect between the share price and the net asset value of two ETNs, the TVIX and GAZ: "That is because both were - or still are - trading at significant premiums to their NAV. This means that the assets in each unit of the note are worth less...

Good point. Anyone can go to finance.yahoo.com and type the symbol and "-IV" (without the quotes) after the symbol to check if there is divergence between the actual price and NAV. Here's an article providing some examples when the ETN is trading well above its net asset value...

I have read many of Sgt Slotter's posts regarding props, with some valid arguments presented, however regarding the payout cap, we're just rehashing a non-issue. Even the head of CBOE agrees that the issue is yet to be determined, lol! (I called, as the name/number is clearly stated in the...

Placing horizontal lines on prior day's high and prior day's low works quite well when you're daytrading. Of course, if a stock has gapped up or down huge, then it's better to place the lines on the daily or weekly chart.

This payout issue has been discussed extensively on other threads. The statement in question is as follows: "A split which provides all or virtually all of the P & L to the trader is likely a red flag that the account is a customer account." Of course, CBSX firms don't have customer...

I've also wondered about that as well. Then I remembered a quote, which was posted awhile back on another thread: "Wall Street thrives on transaction based compensation, it's written in the scrolls." More ETFs means more volume for the exchanges, and thus more fees. It's a...

Regarding options, 1 contract represents 100 shares. The 3X feature is related to the fund objective of the Russell small cap index, not to the options. Adjustments usually happen with a split/reverse split. Again, I suggest reviewing the prospectus and fact sheets from the issuer...

You can call the CBOE if it's a CBSX firm and they will tell you when the firm got registered. Also, there is a link on the CBOE site where you can look for any disciplinary actions. The same goes for FINRA firms, there is a link called "broker check." As far as protection, any firm can...

It's important to understand how "backwardation", "contango" and "reverse splits" will effect the VXX. Questions regarding VXX have been asked about on other threads. I suggest reading the prospectus and fact sheets: http://www.ipathetn.com/product/VXX/ Regarding "buy and hold", since...

By far the biggest difference is access to firm buying power. With retail you are capped at 4 to 1 intraday based on your own equity (more if you qualify for portfolio margin), whereas with prop you'll get around 20 to 1 standard, since you are trading the firm's account, not your own personal...

I'm not sure what other firms you're referring to, as Nevis and Broad Street International have been mentioned on other threads, neither of which accept U.S. clients. Yes, you're right about anyone being able to set up an LLC (or IBC- international business corporation) as a "workaround" if...

No they don't. From Suretrader's terms and conditions: "Swiss America Securities, Ltd does not solicit U.S. residents directly or indirectly as clients."

According to the written prospecuts of several 2x/3x ETFs, they are best suited for daytrading, however you can certainly swing trade them. From what I've observed they do not "behave the way you would expect them to" given the time decay and swap strategies used within some of the ETFs...

Since you're based in the U.K., it seems you are looking into the offshore model firms. I agree with rmorse and EvO, choose a firm primarily on the character of the people you are dealing with, not just the commission. Several items to consider besides the commission: * History of...

Do you think big banks and large corporations who either receive or wire funds across the globe have to face such scrutiny? Congress won't force an audit on the private Federal Reserve to find out which international banks got billions from Uncle Ben, but an individual is treated like a...

I agree with hitnrun, just set up your market or limit hot keys for the routes which usually have enough liquidity (EDGX, BATS, NSDQ, etc). It depends on your style of trading and volume, so it may not make sense to keep track of all the routes available. I believe Sterling has a midpoint...

Not sure if they actually buy the ES and SPY outright. The Fed creates an 'easy money' policy by purchasing US Treasuries which floods the banks with liquidity. This money ends up funneling into the stock market, since rates are so low. There is always chatter of a PPT (plunge protection...

Fidelity gives a warning when you try to sell mutual fund shares that have a $2,500 minimum investment in an IRA, and the window appears clearly stating that there will be a "maintenance fee" if you choose to hold fund shares below the minimum amount, so it gives you a chance to cancel the order...

In case you're wondering what "BTFD" stands for...(Warning: explicit language!) http://www.youtube.com/watch?v=jllJ-HeErjU

Exactly, it's as if the market has priced in a defacto "QE3". However, the QE2 rally also lost the MAJORITY of its gains in less than a month when the market pulled back last fall. Who knows if and when the same will happen again. Election years are usually bullish, especially the 4th...