Search results

The good stuff is typically in the prop and exotic bets. You can get a strong edge when you find something but it doesn't scale past betting $500 at the few venues that have the lines you want. That's why the pro sports gamblers I know aren't retired already, nor can they take any outside money.

The Feds could fix this if they had the political will to do so. Just establish a single electronic market for each class of securities and abolish all the others. They would also have to ban internalization as well.

Have they turned you down yet? This is actually a very good position to be in, if you're 22 and have a car, a place to live, a 125k trading account and no debt. You might want to start building credit, if not for this PM account, then for the lavish signup bonuses for travel related cards...

I'll bet the OP's numbers are better than most forum members on an unlevered basis.

Wasn't there always a time and place advantage for exchange members? Now anyone can post a two way market if they've got the infrastructure to do it. Participants are still buying access, but it's going to computers and data feeds instead of exchange memberships.

I use them as a financing tool in my IRA but I wouldn't say I trade them. Not much volume in the long-dates ones, especially in the deeps that I want in single names.

Also, if you want uber cheap, a desk without drawers is also known as a table, and can be picked up at the Salvation Army for $50 and requires no assembly.

Is there some reason the OP can't import IB's .txf file into Turbotax and let it do the rest?

Fatwallet frequently has stackable coupons for the office supply stores. You can usually find something nice that way. I went the other route from cheap. I have a 3 piece glass and steel set (2 desks or L config, bookshelf) that was $800 on sale, but it's beautiful and still looks brand new...

Does the OP think that various option market makers are the only ones affecting the prices of the underlying?

there are no buyers of Bitcoins, only makers.

How about Voladyne 3000?

Do professional global macro traders count? No, I don't know any personally.

Have you tried the obvious choices like Bright, Echo? Maybe the Chicago shops? Vtrader?

IB TWS does this. You click on the offer to buy or the bid to sell and it starts an order ticket based on your default settings. If it's right, you just hit transmit after that.

for trend funds.... AQR Capital and Longboard in the mutual fund space.

Bright or Echo seem to be the most solid. Are you willing to submit to US regulatory? Your rates are already low but the payout % is probably your largest cost.

They call it a margin account but there's no real borrowing, hence no short sales, no reg t margin, no levered or short FX. http://ibkb.interactivebrokers.com/article/188

It's margin interest, just at a higher rate? I'd deduct it wherever you deduct margin interest. Schedule A for itemizers and Schedule C for pro traders? See IRS pub 550. http://www.irs.gov/publications/p550/ch03.html

Curtis Faith published them somewhere on the internet. The short version is you're buying (selling) N day highs (lows) and trailing a x ATR stop. Use the ATR of each instrument to come up with position sizes so that each trade has the same dollar volatility. A few former turtles will be happy...