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Bracket orders are good for fast moving markets. They are automatically opened when your position is opened. The example I gave had a rather wide range. Depending on the platform you are using the brackets can be set to trail, be asymmetrical, set to sell half at one level, half at...

You enter an order to buy (or sell short) a stock at either a limit or at the market. However, you use a "bracket order" to do so. It is a form of conditional order that, if completed, will open two sell (or buy if you went short) orders bracketing your entry price. If either of the bracket...

IB Sal said (about 100 pages back) - No need to vote on 2355. We will implement a "one man one token" concept regardless of how many accounts you have. If the sub-accounts cannot trade independently nor can they move money without advisor authorization, I don't see a need for the separate...

And if you read the Prospectus (F-19) you'll see that they have the option to buy about 25% of Hambrecht and get two seats on Hambrecht's Board. Jack

Peterffy was born in 1944 making him about 62 years old. He needs to convert his one-man show to cash. By going public with IB he sets himself up to slowly sell off his company. It is nicely convoluted, but the way I read the prospectus, the setup will allow Peterffy to slowly sell the...

I'd suggest sticking with Windows XP. I don't think a lot of software vendors are truly ready for Vista. Stock packages are probably not high on Microsoft's compatibility list. I heard stories about eSignal problems but am not an eSignal user. You'll also need more RAM just for VISTA itself...

I don't think you are describing an IB 1099-B. Some brokers combine a bunch of information in a single report to you. They will include the various 1099's, one after the other. Look carefully at the "Supplemental Tax Information" section. Does it have any IRS number associated with it...

Take a look at the 1099-B "Instructions for Recipient". You'll see that Boxes 8 through 11 apply only to Regulated Futures Contracts. Box 2 specifically excludes "Regulated Futures Contracts". Boxes 8 thru 11 are indeed Profit/Loss. Box 2 is aggregate sales. Your Schedule D should come...

Unless the spoof was put together by their advertising and public relations group. I imagine there is very wide distribution being achieved at virtually no additional cost to Google.

Hopefully, one is not expected to work in a truly "paperless office" environment!

Tom: You question is a little unclear. I'm assuming your are not, per IRS conventions, a "Trader". If 2006 was the first year you both traded futures and lost money there is nothing you can do except apply the 60/40 split on your Schedule D. The short-term portion is effectively...

All brokerages submit only the 1099 total sales number to the IRS. You prepare the Schedule D. Brokerages, at this time, do not submit your basis in an individual equity, nor do they submit the net sales price when you sell. They provide the aggregated total of all sales made in your...

Please explain what you mean in the quote above. Did Ameritrade send you a 2006 1099 showing sales in 2006 of purchases made in 2005 or did they send you a revised 1099 for 2005, as well as a 1099 for 2006? Jack

Or try this for historical rates: http://www.interactivebrokers.com/en/accounts/fees/monthlyInterestRates.php?ib_entity=llc Jack

http://www.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc#interest On page click benchmarks. USD US Dollar LIBOR1 (Overnight Rate) 5.301% AUD AUD Australian Dollar LIBOR1 (Spot-Next rate) 6.317% CAD CAD LIBOR1 (Overnight rate) 4.252% CHF Swiss...

Scalpo: Please explain how you or your accountants define "attached"? The IRS made a change last year to be more explicit about what they wanted. If your failure to attach gets picked up you'll just get a letter saying please submit. Jack

You should have a 1099 from your broker(s). Block 8 will have your net profit or loss for the year. Block 9 should be empty. If it is not, read the tiny print on the 1099 form for box 9 info. Enter the Broker's name on line 1 in box (a). If you made money enter the gain in box (c) on...

Section 1256 contracts are reported on Form 6781 first, then report these numbers on Schedule D. The 6781 establishes the 60/40 Long Term/Short Term Capital Gain or Loss. Jack

Roll your own Keltner. In Keltner's description the central average is a 10-day simple moving average of the price, where the price is the average of each day's high, low and close. The outer channels are the +/- simple moving average of the past 10 days' trading ranges (ie. range low to...

No problem. I've never known or seen a reference to the $10 less commisions to determine the billed amount, but then I've always given you guys loads of commissions so I haven't had to research the subject recently. If I can figure it out, everyone should be able to do so. Jack