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    Who accepts me, a daytrader?

    You might want to put this in the Pro Firm topic of the Direct-Access Brokers category. They have other fees, though. And they may make you agree to not trade stocks or options from a personal account.
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    Do you feel bad? Should you?

    What it comes down to is this all pretty anonymous and you don't know who's on the other end when you make a trade. Most of the time it's big professionals who don't need your sympathy and wouldn't care if you were run over by a steamroller, and wouldn't mind driving that steamroller and...
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    Problem with new TWS ver. 781.6

    Mine's working normally, but I didn't get the new version. Bundlemaker, you know if you highlight a ticker line, then click the Order icon, most of the information is entered automatically.
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    Event driven volatility

    Several options I watched on earnings report day seemed to peak about 25 minutes after earnings were released or 25 minutes into the company's conference call. You had to be quick to catch them. They quickly dropped back down after the peak.
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    the PDT rule needs to go

    The "they" I was referring to was the regulators. Bunny rabbits = cash purchased options horse pills = 3 daytrade limit horse = 4:1 margin allowances
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    the PDT rule needs to go

    Well they're prescribing horse pills for our little bunny rabbits (who aren't even sick), while letting people keep horses in studio apartments. The bunnies are made sick by these rules, and the studio apartments get trashed.
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    Do you feel bad? Should you?

    That's it. I'm going to make a painting of dogs daytrading. The lapdog is going to be using a laptop. Does the big bulldog or german shepherd trading 100,000 shares feel sorry for the little mongrel trading 5 options contracts? No.
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    Options Chatroom

    I might change the name to Options & SSF, or something like that. But I should be there.
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    the PDT rule needs to go

    The longer we sit by without protesting, the more they'll push the limits up. The sooner we start complaining the better. If we let it slide, and they increase the restrictions, we'll be lucky just to get things pushed back to where they are now.
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    the PDT rule needs to go

    I do feel wary about trying to point out the obvious illogics of these rules, for the fear that they might use these points to make even stricter limitations. For instance, it's ridiculous that you can't buy three stocks and sell them the same day, but you can buy 100 different stocks as long...
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    the PDT rule needs to go

    That's another logical argument to make in our letters: if the intention of these restrictions is to limit financial risk, why did they accompany these restrictions with increased margin allowances? These rules simply don't make any sense, except in viewing them as a deliberate attempt to...
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    Who accepts me, a daytrader?

    Some people were very annoyed with IB, not for changing the rules which was not their fault, but for completely giving no kind of notification that the rules were going to be changed, or that they had been changed, or any explanation for their changing. It's very nice that def is here to...
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    SSF vs. Stocks

    If the dividend were cancelled, likely the stock price would drop to match the SSF, so the profit would be in shorting the stock rather than buying the SSF
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    the PDT rule needs to go

    It's great that the SEC apparently really did read your letter and gave you a very thorough response to it. These organizations do take notice of volume of public objections. We need to let the NASD and NYSE and SEC know that we don't like the daytrading rules, and point out illogic of these...
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    IB & option contracts commissions

    I don't know why you can't buy options under $1 from a cash account, or if it's mentioned anywhere on the site. But before I changed my account to margin it wouldn't allow me to buy an option under $1. I would get a message saying something about my account capabilities restricting me from...
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    IB & option contracts commissions

    It's true it's $2 round trip. You might want to make sure you open a cash account not margin. Options in margin accounts are subject to the daytrading limitations. In cash accounts I think you can trade options without the three trade limit. You can always upgrade to a margin account in...
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    Can you place orders before the market opens? (newb question)

    I do it to make money. It's just more difficult to succeed at doing that with negative attitudes being thrown in your face by the people who should be most supportive to you. That's why I say it's better to just do it and not discuss it with those people.
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    Concurrent long and short same security?

    I guess if you really can't tell which way the market is going to start, but expect it to flop around, you might want to be long and short, so whichever way it starts out you can take a profit when you see it changing direction, or cut your loss if you see a trend developing. It's kind of the...
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    Concurrent long and short same security?

    You can purchase Call Options and Put Options on the same stock With Single Stock Futures (SSF), which only started trading yesterday, you can be long and short the same stock in the same account. There are two ways to do this: 1. You can buy a contract with one expiration date, and sell...
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    SSF vs. Stocks

    BAC SSF were trading all day 50 to 75 cents below the stock price. Is this just because it was the first day of trading and prices hadn't settled yet?
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