Search results

This is true. If you have $1 and you need people to think you have $10, you have a problem. That problem becomes a crisis if people aren't buying your story. But if you have $10 coming in, and you can somehow get people to believe that, maybe you can keep the balls in the air long enough to...

I agree it ain't pretty. But it has been tried before (early 80's, Latin America debt crisis), and it worked. Paulson's plan has never been tried before, and some smart people doubt that it will work, or that the taxpayers will get a fair deal.

This sounds like a good idea to me. Eventually, the debt will default or be repaid. Either way, we will know what it is worth, and ownership remains where it belongs, not in the taxpayers' account.

Trusted IP address should be set to "127.0.0.1". "Enable ActiveX and Socket Clients" should be checked (also "Enable DDE Clients, if you are using DDE). If you have two or more accounts, you will have one iteration of the TWS for each. In that case, you should set each to a different Socket...

Well, in my case, the trader is just some old geezer I met in a bar. The numbers are real though. After I bought a couple rounds to loosen his tongue, he showed me his statements...

Consider this, a fully automated daytrading system that has averaged 2.57% per month for the past five years. If my math is correct, that works out to about 35% per year with compounding. It wouldn't make you fabulously rich, but it could pay the bills. The trader isn't interested in selling...

Margin requirement is the same for ETFs as for stocks, long or short (25% intraday, 50% overnight). The software gives you an indication whether an issue can be shorted, but I have found that to be unreliable. You should expect to have some short orders held or rejected. Availability for...

The bundled rate include exchange fees, so it matters not whether you add or remove liquidity. There is a $1 minimum per trade, and if you modify an order (price or quantity) after a partial fill, it is treated as a new order for the $1 minimum. The uptick rule is gone. But the broker must...

I am surprised that you didn't know going in that being a broker is first and foremost a sales job. I interviewed for broker right after getting my degree back in 1971. The interviewer was very clear that my interest in trading was considered a red flag negative. He wanted people who liked...

All the responses so far have been excellent. Your $20k track record is too small and too short to be persuasive. I had a 108% return on $50k over one year and was unable to attract any investors, though I readily admit that I am probably the world's most inept salesman. Getting the first...

The broker won't bust the trade because that involves the exchange and the counterparty. But I believe they have the right to take your profit and add it to their error account. If they think you did the trade intentionally, they would be more likely to do that. But they could also...

I had one of those. I thought I was getting a deal because I only paid $25. I got ripped off.:p In the distant past, IB's tech support was a problem. Lately, I have found them to be generally prompt, courteous, and knowledgeable. My biggest complaints are the poor documentation and poor...

I tend to agree. I would recommend Plan B, mostly because it involves saving 40% of an already excellent salary. Cash is king! Maybe the mentoring will help, maybe not. You should know within 6-12 months. If the mentoring doesn't work, you can still learn to trade on your own. It just...

I have been using Telechart, but I would like to find something similar that works in a non-Windows environment (i.e. Linux).

The scam is unremarkable except for this one item. How is it possible that the private investigator didn't notice that the pool was unregistered? Isn't that the first step in performing due diligence? It sounds like maybe a scam within a scam.

I subscribed to this thread because I would like to know too. What I am doing now is using the universe of symbols from my data suppliers, but I don't even have sources yet for European data.

Hi Gordon, I don't think that will work very well. I'll try to explain. Recall that Market Profile theory divides the day into 48 half-hour time periods. Begining with period "A" at 8am (Central), each time period is assigned a case-sensitive letter (I don't recall which two are left...

It is not unusual for an Amex issue to take 10 minutes or more to open, especially for something thin like most ETFs. I don't think IB will route a market order to a secondary liquidity source before the open. That would be extremely risky.

Hi Gordon, After my previous post, I remembered that at the time I decided to discontinue my subscription, I talked with Pete by phone. He mentioned that if I continued my subscription I could keep the old rate (2500 USD/year), but that if I discontinued and re-subscribed later, the rate...

I am guessing it was early 2003 that I dropped my subscription, and my best recollection was that I was paying something like $2500/year for Capflow32 and another $250/year for Capflow v3.7. The classes were free, but travel to Chicago and lodging added up fast. I got Capflow 3.7 because I...