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  1. K

    Trump’s SALT Cap Fuels a Wealth Exodus from High-Tax States

    Many of the localities with pension shortfalls either borrowed against them (and never paid it back) or diverted contributions over the years for politically favorable projects. You can't trust politicians with a pot of money sitting in front of them that won't be paid until they are out of...
  2. K

    IB would lose 80% of its business...

    Holy balls this sounds awful. I bitch about IB from time to time, but at least I can see what's going on in the thing I'm trying to trade.
  3. K

    What percentage of you trades do you get the direction right for ?

    For a long time I was getting about 30% right. Then I started doing the opposite and only got 20% right.
  4. K

    Inactivity Fee (IBKR)

    It's $10 per month if you don't have $10 in commissions for that month if your balance is under $100K. Even if you had $7 in commissions, it would then only be $3. The money is taken from the brokerage account. If you have zero cash, you would then have a negative cash balance.
  5. K

    I suspect my broker send a tip to market makers before place my order

    I believe the area of potential issue here centers around the term "self dealing" for those seeking to find the specific piece of code. But it doesn't matter. Brokers getting ahead of orders is nothing. Some years ago the EXCHANGE installed a bell on the floor that was to be rung any time I...
  6. K

    What were your expectations when you started trading?

    I just started trading for the chicks.
  7. K

    Bear put vs bear call

    We're going to need more info. You have the risk graph so you can see and extrapolate everything mathematically. How long are you going to hold it? Are you looking for a few bucks and then bailing - or holding til expiry? Are you hedging something? I find some of the advice here is...
  8. K

    Question about spread on futures options (ES vs NQ)

    Another factor could be the displayed spread vs. actual. I use IB and often notice a spread might be $1.50 X $3.00 on my screen, then when I transmit an order it goes to $2.20 X $2.40.
  9. K

    An $809 Car Payment, a $660 Income: How Dealers Make the Math Work

    This is easy money for the dealers and no one is doing anything about it. They know this 65yo woman isn't going to destroy the car and it will be easy to repo from her. Even once she makes a few payments, the deficiency balance is still almost what she paid and they can repo it and sell the...
  10. K

    IMO ...If Trump is impeached - The markets take a 2%+ hit.

    You should understand that to be IMPEACHED simply means the house voted to bring charges against him. He will most certainly be impeached. The Senate then assesses those charges and determines whether he will be acquitted - or convicted and removed from office. I think we know how that will...
  11. K

    What do you think when you see a famous trader now selling courses & mentorship plans?

    There may be a few exceptions, but very few. Once you are able to print money and have truly done so for a significant amount of time, why on earth would anyone expose themselves to the unwashed public for $1,500 a pop? Most students are normal, but you know a few are going to stalk you and sue...
  12. K

    "The Strategy": a theory of market manipulation by big funds (Knuteson, 2018)

    You are not the only one missing it. I think Knuteson was missing it too.
  13. K

    Berkshire Hathaway Bet Big on Dialysis Giant DaVita. Jim Chanos Thinks It’s a Scam.

    Both may be right. Decades ago, I shorted companies that were cooking the books, channel stuffing, committing fraud - you name it. Some of them went on for years climbing ever higher. I was right, but they won.
  14. K

    Hedge Fund Billionaire Buys Florida Mansion for $111 million, Setting State Record

    "Something he doesn't need?" With that level of wealth, there are no needs - only things you desire.
  15. K

    For the experts!

    Some good points here... Lots of folks aren't seeing the big picture/long term effects of a better arrangement and I think the Chinese are hoping for a different leader here after 2020. They may wait until after the election to finalize anything. Another thing that gets missed is the...
  16. K

    Bridgewater Bets $1.5 billion on Upcoming Market Drop

    It's gotten a bit off topic... weird for ET I know. Based on the 1% metric, it's clearly a hedge. I would really like to see the specific strikes and expirations and ratios to get a better sense of their position. Even then, it's not like Bridgewater is any more prescient than anyone else. A...
  17. K

    Has Yahoo! Finance been stealing my information for years??

    Yahoo? That's nothing. You should see what S&P has been doing to me for the last few decades. They all stand around literally waiting for my tiny little retail order. I click transmit and BOOM - bells go off all around the trading floor and they fade me and pound me mercilessly until I give...
  18. K

    California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight

    It's funny, I have visited CA a few times for the wine. For a state that you always hear is so incredibly green, there are seemingly limitless cars on the road proceeding at a crawl. I thought traffic would be great since everyone allegedly just rode bikes there - not so much.
  19. K

    Making 40%/year selling SPX options, and huge SPX Margin/BP differences between TDA and IB

    Someone get me a very large tub of popcorn.
  20. K

    How do I remove buttom part that says "powered by GIS"

    Steps to remove it; 1) Close all your positions 2) Tell IB to send you the funds 3) Open an account at another broker
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