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  1. O

    Nymex Down?

    Exactly....I recall Globex going down a few years ago, no ES trading. It was down all day...opened sometime in the middle of the night. When it went down we were declining. But as soon as it went down we bottomed, and went up the rest of the day. Classic. The pit took full advantage of the...
  2. O

    Nymex Down?

    Crude oil and RB to start trading at 12:20 EST. OldTrader
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    Nymex Down?

    Don't know what you mean by "easiest", but the WTI contract on ICE is West Texas Intermediate. The difference is that the contract is 1000 barrels. I'd rather hedge with WTI than a stock. By the way, WTI 74.35 right now....12:06EST. OldTrader
  4. O

    Nymex Down?

    Nymex is down....IB sent a message on it (11:11 EST). Keep in mind that WTI trades on ICE, as does COIL. OldTrader
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    IB clients: How to invest in GOLD ?

    You can trade the gold futures. GC is the symbol on Comex for the 100 oz contract. You can also trade a mini contract symbol YG, I think in Chicago. 33 oz contract. OldTrader
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    Real risks of IB EFPs

    No, I'm not sure. But here's where I read it, and when I read it again it sure sounds that way (2nd paragraph): http://www.interactivebrokers.com/en/general/education/faqs/accountProtection.php?ib_entity=llc What's your opinion? OldTrader
  7. O

    Real risks of IB EFPs

    Not a bad point. Just remember though that the Lloyds insurance is subject to an aggregate limit of $150 million. What this means is that if IB has alot of accounts that exceed SIPC insurance, you may not have full coverage under the Lloyds policy. That said, it clearly converts cash to...
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    IB EFP. what IB doesn't tell you about.

    Just thought I'd mention that margin deposited for SSFs earns interest. http://www.interactivebrokers.com/en/trading/pdfhighlights/PDF-ExchPhysical.php?ib_entity=llc OldTrader
  9. O

    IB EFP. what IB doesn't tell you about.

    HaHaHaHa. I know you're just kidding around, and I thought it was funny. But just in case there is someone reading this who thinks you're actually serious......there is absolutely nothing that can happen that will blow your account out, not 1 in 375, not ever. Why? You're long the stock...
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    IB EFP. what IB doesn't tell you about.

    I did a little of the EFP. Honestly, I've never been able to learn anything without actually doing. And here, any type of "painful" lesson is going to be the cheapest lesson you ever had. I mean think about it....what is there to lose? If the stock goes up, the future goes up...and vice...
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    IB EFP. what IB doesn't tell you about.

    As the stock rises it creates borrowing power to borrow funds to transfer to the futures account. Frankly the only reason you would need to do this is because the clearing corporation for the futures is separate from stock transaction. That's what creates the change in cash in the account...
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    IB EFP. what IB doesn't tell you about.

    The point is that in a margin account ,ie Universal account, the increase in the long stock position will always approximately equal the increase in the short futures position. Therefore, additional cash can be transferred for the purpose of marginning the future. There won't be a margin call...
  13. O

    IB CHARGING me interest to hold long-term stocks

    What's the problem? Where do you see any evidence that you have been charged interest? OldTrader
  14. O

    IB EFP. what IB doesn't tell you about.

    I think what he's concerned about is the interest he's paying as opposed to a margin call. In fact, if you're using a Universal account I don't see ever getting a margin call since your increase in market value from the stock will offset the loss in the future. Maybe I'm not understanding...
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    IB CHARGING me interest to hold long-term stocks

    What makes you think they're charging you interest? If you truly think they are, and you think it's incorrect, call customer service and ask about it. But my guess is you aren't being charged interest. You evidently have a Universal account. The Universal account functions as a margin...
  16. O

    Dems kill john doe legislation and side with terrorists

    Is this the kind of "racism" you're trying to avoid? OldTrader
  17. O

    Best swing trading broker

    For the record, I gave an opinion about something I know considerable about....IB. I believe that TWS is a solid platform. What I stated about realfasttrade.com is that a) they have one review in 2004 and b) their commission is no bargain. You appear to agree with both of those points...
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    Best swing trading broker

    Yeah, I can see where you gave your "advice" considerable thought! LOL! Let's go through it. First, you say you "wouldn't poke fun at a company with wich (sic) you have no dealings with and I have". The truth is I have not only had no dealings, I've never heard of them either. And...
  19. O

    Best swing trading broker

    You might want to speculate as to WHY there is only one review of this firm......back in 2004. LOL! Meanwhile, the IB platform is not lacking in my opinion. Several hundred reviews agree. OldTrader
  20. O

    Interview with deep value investor Monish Pabrai

    You don't pay taxes necessarily on "percentage increases". You only pay tax when there is a realized gain in the fund, or when you yourself liquidate the fund. In other words, it has to be a taxable event. OldTrader
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