Search results

I guess you're not familiar with IB, eh? Just in case, IB has what they call a Universal Account. When your cash is sitting in the Universal Account, it is insured by SIPC, and under certain conditions by Lloyd's. Overnight futures trades are cleared at night. At that time whatever your...

Here's the ticket he got. Cheyenne, Wyoming. http://www.thesmokinggun.com/archive/cheneydwi1.html Here's the arrest card for the second charge: http://www.thesmokinggun.com/archive/cheneydwi2.html Rock Springs, Wyoming. That code number on the arrest card is number for drunk...

Interesting. Cheney went to school at University of Wyoming. LOL. Carry on though. OldTrader

Futures down for about 10 minutes. For the second time today. Midwest. OldTrader

My understanding is that IB doesn't take a position in forex. How does one become a "chop shop" with no position? OldTrader

I don't trade forex. But here's a link to IBs webpage for info on forex margin: http://individuals.interactivebrokers.com/en/trading/marginRequirements/margin.php?ib_entity=llc Click on forex. I presume you've seen this page? OldTrader

Get in the game Reaver. Go back and read the posts. OldTrader

Let me correct you. I did not say any of my statements were false. Actually you claimed that IB would trade against their client on a margin liquidation. That equates to stealing. Perhaps you just don't like the way your words sound when they are summed up. LOL. That's your speed...

A "generality", IF true, may describe a majority of situation, but whether it describes any SPECIFIC situation is questionable. And that's what we're talking about here....a specific situation. So unless you have some type of FACT that links IB's situation to the generality, your :"fucking...

One last time, if you have a single fact regarding IB taking advantage of a customer by trading against their margin liquidation....please present it. By the way, I notice that you have managed to completely ignore the two posts by customers whose accounts have been liquidated, who actually...

The problem with "speaking in generalities" is that it torches everyone without torching anyone specifically. It's the worst form of crap. I could argue with you about some of your more "general" claim, but frankly it's not worth it, because your claims aren't based on fact. They're based...

This post, along with those of TraderNik, Reaver, and NYOBScalper, amongst others, all have one thing in common. No facts at all. Readen expects us to accept his assessment of IB because he has been right about something else in the past. LOL. The best I can tell, TraderNik, Reaver, and...

Perhaps some explanation is in order. At the most recent auction of Treasury Bills, the rate for a 90 day T-Bill was 2.2%. Now, let me tell you why that's important. That is the safest money market instrument in existence, the 90 day T-Bill. Everything else in comparison is probably higher...

LOL! If you had simply agreed with me in the beginning, it never would have come to this! LOL! OldTrader

Believe it or not, $50K is not alot to start with. Understand that your capital has to 1) provide for your living and 2) provide for growth. Given that, you've got to double your money over the course of a year just to essentially equal what you earn from your job. If I were you I'd do one...

Lobster: Good post. I missed this the first time around, I was so busy reading TraderNik's posts! LOL. You confirm exactly what I would have expected. Thanks for injecting some facts. OldTrader

TraderNik: As you say in your post, you've "seen enough" that no one is ever going to get one up on you. Right? They are automatically guilty. If anyone "had a chance", they did it. Never mind the fact that all of us are routinely in situations where we can do something "unethical"...

I don't have a bone to pick with you either. But I do disagree with your statement, and the reasoning behind it. But first, to answer a few of your questions. I'm sure I've made some posts that question IB. But if I have, they are in the distinct minority. And there's a reason for that...

Here was your statement: As the story went, when wheat opened up, this guy's account went deficit. Now what part of that would you call "making money off your mistakes"? I think the fact that at this point this guy is deficit, IB is losing money in return for their commission of a few...

I can see why they didn't let you liquidate your July. Why should they? What their interest is protecting their ass. What they are confronted with is a guy who is already at a deficit (if I understood correctly), who now wants to liquidate one side of a spread, and "hope" the other side pulls...