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First I was thinking that 3K is a rip off but when I saw that they give you a CD and a book and you can have a coffee and donut , I said wow soooooooooooooooo cheap.:D

By they way, you can not get in and out multiple times a day as your account size is below 25K and you can not be a day trader.

I suggest you follow my advice as below as no one knows you and maybe you can be one of those rare people who can make money in this market. Here is my prescription: 1- Study for a month and don't do any trade and only do a hypothetical trades to see whether you can make money or not. Write...

Depending on your broker, if the options are ITM on option expiry date, you might see yourself long and short in the stock. Interactive broker will never do that. But I have had such cases in my Fidelity account. You have to call them and ask them to clear your long and short position. They do...

You will be charged only $1 for that 100 shares. for 500 shares it will be $5 and for 1000 shares it will be $7.5. Check their website for a complete list of commissions.

I don't have any experience with tradestation but IB is the God of brokers. I even love their fast liquidation if you get out of margin as it has helped me a lot many times. I had option orders with Fidelity or other brokers that I named and although my price was the market price, it would go...

I have had accounts in some of brokerage firms like TD Waterhouse, Ameritrade, Fidelity, Etrade, Datek, scottrade. I was not happy with them for one reason or another. I am now with IB and I am extremely satisfied. I wish they could lower the commission for volume trades. Like $8 max per trade...

True but not exactly.The covered near month part will use your cash and if the naked far month has a strike price of bigger than the near month one, it will not be considered as naked because it is covered by your first call but if the second one has the strike price of less than your long one...

Ok Now you are talking about two calls that are both naked. I am sure that from that 20% your broker is not Ameritrade and by the way they have a bug in their naked call calculation that have not fixed it yet. For Naked May 45 call you will need: %20 of 42=8.4 - Out of the money =(45-42) +...

Aside from your broker requirements, I think that: Till the expiry of your long call, you short call is covered by your long call so there is no margin requirement for your short and options should be purchased by your cash and you can not get margin for that trade. After May, your short call...

Since you want to day trade with a almost a week period, I think the ex-postings will not help you much but my posting will:D Use the following strategies: 1- Don't follow more than 10 stocks . Don't let the morning breakup news change your path. 2- Follow them for two weeks without doing...

I believe it depends on your personality. You can learn to do day trading but being profitable is another story. If you become proud of yourself and are not humble you can not do it even in 100 years. If you are wise and have discipline, the learning time can be 1-2 years but being profitable is...

that website "www.http-tunnel.com is blocked by our company.

Hi, I just opened my account with IB and I was able to login to my account at home both with standalone TWS and network one. But I can not login at work. It keeps showing attemp #1,2,3,... and when I click on cancel I get the following message: Login failed-java.net. Connection Exception ...

I just realized that and I came back to respond to myself that I saw your response. What a bummer I was!. IB could simply send a popup window of "Service no available" instead of "Login in Progress" and then I did not have that problem in the first place. Well it seems that I am learning. I had...

Hi, I just opened my new IB account. When I want to login, after I enter my password in new login window, a popup window flashes every 5 seconds and says loging in process and it seems that in process it is writing someting into my Jts directory in my local machine but this process has taken...

Hi, I am planning to join IB but first I like to ask some questions about their commission from someone who has used it for a long time. Currently I have Ameritrade but they have a bug in calculating their maintenance requirement for uncovered put and they don't want to fix it. Now my...