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I don't know if any of you guys read the Information Tab where you have to click the "I Agree" button. It's somewhat turgid but actually states explicitly what models and what simplifying assumptions it uses. Here's the pertinent excerpt: "SOME OF ITS THEORETICAL CALCULATIONS, THE OPTION...

Woops, say bye-bye to your thread, zdawg.

Pretty bold talk for a "4 poster"

Ooh how'd you do those cool annotations in NT?

Yes, such a potty mouth! And on a Sunday!

What? No more chunks falling off the big dig tunnel roof? Well, the girl is pretty anyway.

Black-Scholes *is* still used for European style options (can only be exercised on expiration day). On American exchanges, index options are prime examples of Euro-style. American-style options (can be exercised any time) are generally priced using the Bjerksund-Stensland formula, but that...

Have you told IB this directly? Sounds legit and they do listen believe it or not.

Now you *know* there are some people who don't trust things they find out on their own; they only trust things they've been told by others.

Link please?

So that's it! "W" was the "Badge Man"!

My gut feeling is that the PDT rule will eventually end up being rescinded. PDT rules were set up (I think) to protect the average Joe from himself. One of the bad effects it had was to drive some average Joes out of familiar territory (stocks) into more exotic things like index futures and...

Hey, you can't get something for nothing. I agree they're expensive but they're doing something for you and you have to pay. I ended up ponying up the extra $$$ to meet the $25K minimum cuz I couldn't stand worrying about it all the time. I'm generally a swing trader, but on bad days where...

You can also use a sub-contractor or partnership account where your money is pooled with other traders to avoid PDT rules. http://www.worldwidetradingcapital.com http://www.harmontrading.com

When you first connect through the API, nextValidId is called, so you remember that number and use it on the next transaction. Each time you want a new ID, just increment it. I never enter manual transactions when using my custom app so I don't know what happens to the ID numbers then.

Don't assign your own orderId's. Use the nextValidId callback function tell you what it is. Yes, manually entered orders (into TWS) have order IDs too.

What's this "might" stuff? Dood, what are you, Amish or something?

How can you trade without stops if you're constantly answering text messages on your phone? Sounds suicidal.

Don't worry. There's no empathy here, just antipathy, and plenty of it. I can tell you're really 17 because you keep saying "anyways".

The whole PDT thing is automated at Interactive Brokers and you can actually see the counts as you make trades. Once it counts down to 0, you simply can't open any more trades until enough time has elapsed. I solved that problem by dumping more money in the account.