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This surprisingly obvious concept seems to be something the conspiracy folks just can't grasp, even if you break it into examples.

I see market orders get filled all the time inside the quoted bid/ask. How far inside depends in part on how widely disseminated your order is. Again this has been widely researched and is a pretty universally accepted truth, that's why compensation for order flow is a thing brokers either don't...

It would have to be written as a full-time equivalent, otherwise if you have someone come in for 5 hours a week to do book-keeping you limit your CEO to $50,000/year. In any event it's unenforceable because the loopholes are infinite. You make your employees contractors, have all your employees...

They're just trying to make a point, it won't actually impact anyone. The only big company HQ in Portland isn't actually in Portland, it's Nike in Beaverton. Any other company that would qualify under that tax will obviously join them next door within a short time. As you correctly pointed out...

Just to clarify, I don't trade with any leverage and this could happen to you with no leverage. If you open a 5 point vertical credit spread (on SPX for example) you should be able to assume that your max loss on that position is 5 points and spend up to your last few dollars under that...

We get it, you don't understand what happens when a broker's interest aren't aligned with yours, especially when the broker isn't honest and upfront. "if the overall execution is the same or better." is the key here, you have no idea if a broker who showed your order to everyone willing to buy...

Since by definition a Fortune 100 company isn't "small" and the S in SBA stands for small, that's pretty obvious.

I'm not missing anything, believe it or not there are still lots of people who still use AOL, for example, so clearly not everyone behaves rationally in staying with a horrible provider of a service. I can't explain others choices, only my own. IB's clearly a horrible broker from my experience...

I've listed 2 I use, TOS and OptionsXpress. My commissions are actually lower for the products I trade with TOS and I have yet to see a software bug or act of stupidity out of them in 18 months vice dozens out of IB in the previous 18 months. There are literally dozens of brokers you can see...

I'm fine with being aggressive. This isn't being aggressive, it's being stupid and senseless. There is no more than a 5 point risk in a 5 point vertical spread, end of story no matter how aggressive or passive you want to be. When someone points out to you that your risk engine has a mistake in...

You mean brilliant undercapitalized axxclowns who can manage to lose more than 5 points in a 5 point vertical spread. How do you explain that exactly? I mean seriously, you have 1 position in your account and it's physically impossible for it to lose more than the spread. Yet somehow you need...

When you brag about not selling order flow on an investors conference call while you're effectively doing the same thing by directing that order flow to your subsidiary you're not being upfront and honest, you're being intentionally deceptive. Or do you have a different definition of those words...

Autoliquidation can happen to you regardless of your account size. IB can decide that your 5 point vertical spread is down by 17 points because of a wide bid ask and if that puts your $15,000 account over margin they'll sell it all until you're back under margin. Using market orders. Into the...

There's a little joke about a helicopter pilot who gets lost in the fog in Seattle and could not determine his position or course to steer to the airport. The pilot saw a tall building, flew toward it, circled, drew a handwritten sign and held it in the helicopter's window. The sign said "WHERE...

I agree that Snapchat is overvalued, but beware when you start disparaging things simply because kids use them. That way leads to grumpy old man syndrome always yelling about "kids these days" while missing out on everything developed after whatever date one decided to check out on keeping up.

It's actually their stated model and it works pretty well. The herd mentality is definitely strong in that industry, which is funny since they all see themselves as so cutting edge. But by and large the model works, you don't see any funds that were particularly hurt by this because they build...

If they were or could contango would go away by arbitrage. Since it hasn't they aren't/can't.

I'm with sle on this one, you want something for nothing and you don't seem to grasp that you do. If you want capped risk you're gonna pay for it. The amount you're gonna pay is at least as much but probably more than the synthetic options to achieve the same thing that have been presented to...

In will also hold orders that they alone in their infinite wisdom are not "marketable". Even if it's a limit inside the current bid/ask. How this is legal I have no idea.

Would love to hear them, especially your successes and anything that runs counter to my not so sunny opinions. I'd really like to see crowdsourcing work for both the investors and entrepreneurs, so I'll be excited when I hear of cases where it has.