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    MB Trading - who cares about P&L?

    Besides the Word approach you can also log into your account at MB, go to "Today's Activity", view your trades and have a ballpark on your P&L or click on the "Export to Excel" option to get the data in spreadsheet format. Like you, I verify my trades (from the prior day) the next day...
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    I'm sick and tired of work! :)

    $400K? One could make $3500/month on much less than that. I started this year with my usual $100K and am averaging almost $5000/month.
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    MB Trading - who cares about P&L?

    Not sure I understand why you'd email a report to yourself the following day. Rather than that you can just log into your account at MB, go to "Account Management" and see all the previous day trades at the Penson site which include SEC fees and commissions. For the current day trades you can go...
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    Any associations that offer health insurance?

    I was able to get better group type rates through my college alumni association and the plan they offered.
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    Better Money Management than IB?

    MB Trading. They do pay interest on all funds in your account. http://www.mbtrading.com/ratesStocks.asp
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    Health Insurance

    I fail to follow his logic as well. If one can't afford the deductible, say $5000, how the hell are they going to cough up $50K, $100K, or more for a major illness or surgery?
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    Why Do People Trade when the Failure Rate is So High?

    Why do 90% of small businesses fail? Lack of a good business plan ... poor marketing ... undercapitalized ... poor service ... Traders lose for some of the same reasons ... undercapitalized ... lack of discipline ... poor money management skills ... poor work ethic ... Why are people...
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    How to safely earn interest on the leftover balance?

    CDARS is a possibility. You'd have to withdraw the $$$ from your broker and put it in the CD's at a financial institution that offers CDARS. Below is a link explaining CDARS ... FDIC insured up to $25 million. http://www.libertysavingsbank.com/personalServices/cdars.asp I have $$ in...
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    My First Year

    You have plenty in your account to succeed over the long haul. And your strategy of socking some away into the bank makes a lot of sense. Whether you're on a treadmill or not depends in part on what you "need" yet in life ... with $500K to trade with I might assume you already own a house...
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    Leaving old job to start trading...book request

    If you're going to post on ET you'll see lots of negative people, likely people who couldn't make it as a trader. Anyone can make it. I left my corporate job 10+ years ago. It takes hard work and perseverance. And you have to be adaptable to the market. As it changes your methods or trading...
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    Fed Announces Rates!! Massive market Surge!! I Am Right

    And the same is true with playing the long side .. you have to know when to sell because you can lose a lot of money as well. Quick story .. I shorted VTSS in Feb. 2000 at $96. The next day it hit $116. I was on edge. But I also realized that gains of 20% in a day could not continue. I have...
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    Fed Announces Rates!! Massive market Surge!! I Am Right

    3000 is 40% from here. No chance of that happening in a couple months. You need to look at things more realistically. Amazing when we have a couple up days people start acting like that's the norm and it will continue. And you're totally wrong on short sellers losing most of the time. It's...
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    Health Insurance

    You might also want to check various policies & rates at: www.ehealthinsurance.com I found decent coverage in the past through my college alumni association. But year to year rate increases can be mind boggling even if you have no claims and are in perfect health.
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    IB commissions for low priced stocks

    Not everyone charges $100 round trip on 10K of a $3 stock. Since you took pot shots at MB you might try looking at Plan B .. $9.95 for unlimited shares plus ECN fees. Using INET on 10K shares would be another $25, or $34.95 each way. So you'd save $30 over your example. Or break the order up...
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    IB commissions for low priced stocks

    You're 100% wrong on price improvement at MB. I get it on probably 10% of my trades. And I also do 98% of my trades buying (covering) at the bid and selling (shorting) at the ask. So your point above holds no water. And although I don't have plan C (I use Plan A) at MB the $4.95 flat rate...
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    Questions on house 'flipping'

    You're a year late for the kind of flipping I saw where I live, which was Hilton Head Island and Charleston, SC area. People were buying "hot" properties and turning around and selling them months later for 20-30% more than they paid. Inventory is now way up in many of these areas. Some of those...
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    Fed Announces Rates!! Massive market Surge!! I Am Right

    aka "areyoukidding" ... I doubt he (they) can even spell S-H-O-R-T ...
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    MB Trading Down

    If you're having all these issues with quotes & order entry can you explain why I'm not having the same issues? To me that suggests you have issues at your end, whether it be with your connectivity (dial up, cable, etc.) or whatever piece of hardware you're running your system on. MB...
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    MB Trading Down

    If you're not a rookie trader trading a hundred shares or so .. if you were trading 5000 shares then IB costs $25 and MB costs $27.50 ... so there goes you're 100% higher argument .. and don't forget that IB doesn't even pay interest in your first $10,000 in cash ... so that can more than offset...
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    MB Trading Down

    You log shows ALL systems are UP and running. All it says is it's running on backup. UP is UP as far as I'm concerned.
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