Search results

lol ... you took the words right out of my mouth.

Its done with some regularity but the smaller the size the more of a pain it is. Find a broker that does not object to you taking delivery. Then, on delivery day, you will be issued a COMEX warehouse receipt. You will pay to store it but if you want to pick it up immediatel or at any later...

One of the reasons nearly every substantial player has a prime brokerage arrangement is that it gives them the ability to negotiate a set of terms that can be far different than the standard retail customer agreement.

That is exactly how it works and what you describe as risks, while not a comprehensive list, are risks. For more info see this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=231475

I use a guaranteed IB of Crossland ... Deep Discount Trading. I get great service days, nights and on one occasion over the weekend. The Crossland deal is straightforward. Good commissions and margins and no nonsense. I use these guys and IB. I like the sweep into the SIPC account IB...

Guys ... I'm not suggesting the rehype question is not relevant or that it might not prove to be important but what I know is important is to recognize what Corzine was trying to at MF and just how different IB is. Corzine was trying to take a AA futures firm that had not made money in some...

I think we -- customers of IB -- all appreciate the time and effort you have devoted to clearing up any concerns some have had. If you look back at me posts, you will see I was not concerned because the overwhelming portion of my IB account (except for some minor long term spreads) is SIPC...

I subscribe to every word that the Ghost has written here. It is great advice. Life is about reducing and managing risk not eliminating it. And nowhere is it more true than in trading. These are perilous times and I suspect that we do not yet even know what real volatility is. Keep in...

Keen observation. It is amazing how much you can do in the investment business that is perfectly within the law and in accordance with the regulations in place that puts client funds at risk. It is a sewer of legal corruption built upon a base of insane leverage that uses customer capital to...

Twenty years ago I was retained by a an independent trader to negotiate a separate insurance policy for his account. The trader -- who had started with $100,000 ten years earlier -- ultimately moved $30,000,000 to the new firm but only after a major insurer wrote the policy to his specs. If...

See the comments and ratings here on ET for DeepDiscount they are a Crossland guaranteed IB. I use Crossland to trade ES with a Sierra Charts platform and a Rithmic feed. They in no way compare to IB. But, given their inexpensive and totally transparent rate structure and low margins, I can...

I did not just tell you about the ratings I gave you a heads up on them being totally without exposure to the world wide financial plague -- Europe. Take a look at the bank's financial and competitive position -- impressive!

I deal with two futures firms: IB and DeepDiscount/Crossland and a variety of FDIC insured commercial banks. Years ago, with a partner, I owned three separate small brokerage firms -- one in NY, one in London and one in Lugano, Switzerland. I learned quickly that the investment business at...

Good comment, denner. The world is awash in liquidity, levrage is crazy high and the cost to borrow is low enough to prop things up that should have been buried two ... if not ten ... years ago. It's like putting plastic flowers in a vase and pretending you can smell them. So much of what...

Not a bet anyone would fade.

Spain or Portugal will let us wake up at noon, have breakfast and a swim and then trade the open. We won't even need a siesta!!

Nicely put.

I'm concerned about everything that increases leverage in an already hyper-leveraged world. But ... I think most of my funds are fairly protected because they are carefully parceled out among primarily FDIC insured accounts and one SIPC insured account -- IB. That said nothing makes you 100%...

The Controlled Foreign Corporation rules come into play. I think it is now higher than $80,000 but the exemption (if that's the right word) you are speaking of applied to Americans who live and work overseas not those who angle it from here!