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If I may expand on the above: There's quite a lot of completely unsubstantiated talk in financial news here about how investment robots (fixed the term) will supposedly revolutionize the investment industry. They (including journalists) don't realize that every corner of the market with decent...

Apologies, but it's easy to hate on (incompetent) option sellers because the ones you see in social media tend to have an ego. So it's really partial venting as well. :D

Depends on what he/they do. At least in Sweden, due to the passive investment wave and AI hype there's currently a big demand for "robot investors" that are just supposed to pick some assets for you to create a "well diversified portfolio" and rebalance it... no alpha required whatsoever. Heck...

...believer... Worth underlining that, because what you're describing is nothing like my experience, probably because it's the version of morals you've been taught to believe in. A random example, most of the people in my age I grew up with downloaded movies illegally in their youths where...

Pretty much. Selling options without knowing 110% about what you're doing can potentially eradicate a life's work of wealth or worse. Sure, it takes some time before disaster to happen during which you think you are doing great. If you don't intend to put months or years of full time study into...

2021 will be an immensely interesting year. Is this time different with central banks reluctant to raise rates for years ahead? Myself looking for a small correction (like max 15-20%) this year and then further up, but given the current froth I wouldn't be entirely surprised if something...

Their problem IMO: 1) why would anyone stay with QT if they came up with something that worked, their offering was quite shit (especially after removing the capability to live deploy algos). Like, weak promises that if I win an arbitrary competition you will pay me through an opaque program? 2)...

So I'm going to make a few posts as a follow up on what happened since my last, in the interest of transparency. I basically had a psychological breakdown (of sorts) after the Fed induced loss in the end of March, when I started distrusting and disbelieving everything I did. Already then, I had...

lol, it's fine to have no idea of how computers work, but please don't make statements that make no sense. Either that, or you're simply trolling.

Presumably, since it boils down to individual circumstances if you can afford 100% honesty. "Can't invest/trade because networth not 20k hurr durr" is inane logic that perpetuates inequality differences. That said, there may be better brokers more suitable than IB for OP, suggestions have...

IMO you might as well let your account grow until you reach capacity limits (whether that's due to market liquidity or your personal risk tolerance). You're not gonna be happy trying to make say $4000 per month consistently out of a $20k account anyhow.

True, I am guessing he will be fine as long as he doesn't do something stupid with his account (i.e. that the broker gets into shit for), that's why I pointed out e.g. margin trading being unsuitable. Can't guarantee it. Might be a cultural difference. Where I come from we solve things without...

I wouldn't expect the answer to this question to matter unless your account ends up below zero and you get into some legal fight (so don't do the kind of options/margin trading that could end up like that). It's a fairly useless question anyway, I suspect IB aside from legal obligations is happy...

You should have defined if the short position would be scaled/risk adjusted for beta/volatility. SPY is obviously less volatile which is nice when you're losing money in a short. Much of the real crap is contained in IWM so I would rather short that.

100% agree. I should add it depends on the service offered by the broker. Covering negative balances or guaranteeing stops regardless of market and tech faults must necessarily cost extra, if you don't pay for that then owe up when those things happen.

While I little memory PHP semantics (hate the language), the striking difference between the first and second code snippet is that the latter passes a new function calling alert whereas the first passes the result of a function call to alert. If the post function doesn't check that the passed...

Haven't read this author but it sounds like yet another trading book with too many words. Yeah, there is a thing called mean reversion and its opposite called trend, and sometimes you can trade either. Sometimes shit happens and you get stopped out. Filtering out stocks where evident behavior...

Fascinating country. For those that haven't seen it, I can recommend The Mole: https://www.imdb.com/title/tt13243898/

I can vouch for Oanda. Had a reasonably large amount of money with them and had no trouble withdrawing everything. Of course trading the actual futures is more cost efficient, but CFD from the largest platforms are a good entry level tool (IMO), I appreciated Oanda for providing continuous...

Thanks, I was browsing on the DCE website but somehow missed the overseas brokerages list on that page.