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I use IB and when entering brackets around a trade the stop loss order never goes native to Globex, while the profit exit side seems to. Is there any way to get both brackets around a trade live to Globex so that either will execute? I've tried STOP LIMITS also and it seems as though my...

Well, I took IB's 'test', so I guess I'm out $75... LOL

Finally &^$#*(& executed... Cost me $75.............

Trying to cover, won't execute! IB and Globex. Anyone else?

Thanks, Rob. I don't intend to trade until I do understand this. Just looking for inputs from folks more experienced with this. Cheers.

I'm pondering trading the ES or NQ, and was wondering about how margin works with these instruments. From what I've found, ES is $50 x index per contract. So, for ES trading at 890 X $50 = $44,500. It seems like this can add up FAST with multiple contracts. Does margin work the same with...

Check the link I posted... My take - - Being flat at end of day means nothing. If you have a loss and buy the stock back within 30 days, you have a wash sale if you are not MTM. - In order to avoid the wash calculations, stop trading the stock that has a wash 31 days before end of...

It seems that traders buy something, and then sell it to someone else for a profit. At least successful ones do this. How many other businesses do precisely the same thing?

I put in a short this AM for 1000sh NVLS, and saw the shares in the market depth screen with IB. Got two partial fills leaving 100sh remaining. Suddenly those remaining shares on the ask disappeared, but shares did exist 1 cent on either side of my price. Eventually I did get the fill, but...

Got it. Thank you.

Just looking for documentation on the bracket option in TWS. I was playing with it in the simulator and it seems that it bracketed securities by a fixed $1. I'd like to know if the STOP and LIMIT can be set at %'s above and below the price of the initial long/short position. Thanks in...

The real pain is in taking the loss from a wash and then adding that loss to the cost basis of the next trade. When it gets to schedule D, the work will have been done in getting the cost basis straight. I did find this link you might find helpful, talks about wash sales only coming into...

Suggestion for IB. If all the data is there, why can't you add a field for margin and daytrading power. Scottrade is one broker that does this. Just makes it easier on the trader not to have to work with a caclulator to figure it out.

Can anyone else using IB answer this? Do I have the ability to view buying power realtime during the course of a trading day? Thank you.

Is there a way to track real time daytrading buying power in account during the course of the day? I have not been able to find it in the "account" window. It would be useful to know how much available buying power remains at any time during the course of the trading day. Thanks

It's probably worth differentiating between Cybers [three] trading platforms. I tried the Web based platform, but found that I could not tie the feed from that one into QuoteTracker. I then upgraded to the CyberX2 platform which IMO was just a horrible front-end. I did not try the Pro...

Thanks, that is exactly what I was wondering - cutting the commissions. It seems that short --> long is probably a quick fill, but the converse, long --> short might take time for the short shares based on share availability and uptick rule. Thanks also to the poster who mentioned Bracket...

I use IB. I'm wondering if I can reverse positions with one order, e.g. --- I'm short 1000sh of stock X. I place a buy order for 2000sh, covering the short position and going long 1000sh at the same time. Can this be done? Thanks.

Agreed, that is a great input. Thanks, all.

I have read that if a trader gains Market to Market status, registers as a professional trader, that taxation is no longer capital gains/losses but is taxed as ordinary income. I don't have the references handy to give the exact quotes, but that was the jist of the read. My question pertains...