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Understand. Thanks.

I loaded Quotetracker onto a new computer and applied a previous fix for the backfill problem. It works fine with Interactive Brokers for currencies and most stocks but when I add some new symbols like MSFT and INTC I receive no data. Yet RMBS and 3 character symbols like DUK and XOM work...

The idea is that you'll purchase dividend paying stocks that yield more than the low interest charged on margin loans at IB. It's great if you can tolerate the risk of declining stock prices caused by a general market correction, dividend cut, etc.

I haven't had any problem with OCA orders as well. Where the orders reside is beside the point. If one is executed, the others are cancelled. There's the remote possibility that multiple orders will be executed simultaneously but that's the risk you taken with this type of order.

The margin call at IB will not be after you "go into the red by a few percent". They update your account balances every few minutes. If your available margin is less than 5% of your account balance you'll get a warning message. But if your available margin goes negative, you'll here "ding"...

My rules for pre and post market trading are 1) avoid it, but if I do it, 2) triple check everything before transmitting.

Your cash flow on this trade, including IB commissions (.005 per share with $1 ticket minimum) is: Bought 1000 = -23,490 - 5 = -23,495 Bought 1000 = -23,390 - 5 = - 23,395 Bought 1000 = -23,250 - 5 = - 23,255 Sold 50 = +1178 - 1 = 1,177 Sold 2950 = +69,030 - 14.75 = 69,015.25 NET P/L =...

Only the trades that are deemed to be erroneous are going to be busted. It may only cover a very brief period such as a few trades occurring during a few seconds. Not all trades.

See the "Youtube trading videos" thread that is in this same forum. Last entry was September 3.

Your broker holds your cash and investments in trust. You're not investing in the broker themselves. So if they go bust, and they haven't been using client funds (which is against the law), you suffer no loss. If client funds have been diverted, then SIPC insurance kicks in up to their limits...

This was my all time favorate. I don't know if he was able to stick it out but I recall at the time that had he held on for just a few hours, the trade turned around and he could have broken even.

If you're managing your business on a cash basis, then your start-up costs should be deductible against other income (excluding costs for depreciable/amortizable assets). What the IRS will do is monitor your business P/L over time to evaluate if it was a legitamate attempt at business, a hobby...

I start my trading day around 2am and have adjusted my trade style to not require me to monitor the market continuously. After setting up some trades I go back to bed and usually find that I'm back up again in 30 to 45 minutes, repeating the cycle until around 7am when I'm up for good. Trading...

This is from IB's website. You're automatically covered for more than the first $1M of cash without charge. "Customer securities accounts at Interactive Brokers are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit...

Busted trades aren't always due to a trader on one side of the transaction screwing up. The exchange themselves can send out execution reports that are in error. And what if you have a stop loss order that is executed solely due to a fat finger trade. Do you really want to be forced to have...

I'm on the U.S. east coast. My trading day begins at 2am. I'm up and down at night until around 6am and then keep an eye on things until around 11:30am. Usually some good opportunities between 2 and 4am but things are slow to develop. It can get crazy after that. So yes, trading is 24...

Maximum leverage on stocks allowed by the SEC is (I think) 4 to 1. Just take a look at changes in share prices for S&P stocks on even a day like today where the market ended just a shade off. Plenty of stocks were off 1 to 2% making margin levels anything like currencies to be dangerous...

To the extent your major currency trades change their prices, yes, you will impact the minor currency price (as it's simply a mathematical computation from the major currency values). But it takes a sizeable order to do that. A million $ might move the AUD.USD a half pip when thinly traded...

You can run a program on their website that will give you an estimate based on your holdings. I'm not sure where it's at as I only ran it when the program was initiated. But you won't get much. Perhaps .02% rather than 2%. I have a large portfolio and the potential gain is so small, along...

What Facebook has going for them is that they have a real business with revenue, profit and growth. But when you crunch the numbers you can't justify the stock in the 20's. Perhaps $15-18 a share?