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I was offered the following deal with Hold Brothers; Deposit: 5k Payout: 99% Leverage: 25-1 Commissions: 0.0020 Only inconvenience is having to trade on the Sterling Pro platform. Magellan

Is Lightspeed collocated? Is Direct Market Access the same as being collocated. Thanks for your help. Magellan

Can you recommend a prop firm (or retail) that you could recommend for scalping. I was considering Hold Brothers, though their in house software, Graybox, is limited leaving Sterling Pro the only other platform option if you want to trade with them. Thanks, Magellan

Thanks for the heads up, but what do you mean by collocated? Please be specific, as I have no idea what you are talking about. Magellan

Which prop firm are you looking at? Magellan

Sobano (Bano after the laywers got to him) is a great trader and a medicocre teacher. Sorry. Mag.

Evidently...we should know where this is going before too long. Magellan

What are you missing - blind faith that this will all work out well. You clearly lack an appreciation for everyone acting like a lemming. Magellan

Extra insurance. Is this good news or bad? Magellan

I hedged my prognostication by saying NFLX would be up some time over the next few days. Probably due for a cooling off tomorrow. Who knows. Magellan

I agree. There must be some shorts still holding out. Above the 100 level, there could be a massive squeeze again sometime in the next few days. Magellan

I hope OP called IB to thank them for forcing him out of a very bad trade and saving him 5k. I am sure that is what was going on. IB, acting like the overlord, took matters in their own hands to save junior from going back to live with his parents. Next time he might (definitley won't) be...

Most here have lost sight of the fact that OP didn't actually lose any significant money (at least not as a result of this order gone wrong). He entered an order and it was filled at the inside market price. So what...feel sorry for you? Not only did this trader try to manipulate the...

Exactly...he lost 4k because he couldn't find a more clueless trader to take him out of his existing loss. Magellan

Look on the bright side. You have 14 posts now. After you call everyone in this thread an "ahole" (one by one that is) you will have enough posts to properly critique Interactive Brokers. Remember you will need 30 posts to allow you to rip into IB. Only 16 more aholes to go! Magellan

I enter into trades in the AH precisely by placing a buy limit order above the current market offer. It then "converts" to a market order order. Perhaps my terminology isn't correct, that is what effectively happens. Otherwise how do you get into an AH trade without having to wait for your...

Yes but a limit order effectively converts to a market order in the AH if buy limit is above the market offer or sell limit is below the market bid. Otherwise there would be no trading in the AH. Correct me if I am wrong.... Magellan

Not sure if making it simple or complex is really that important. Making money is what is important. Really the only important aspect of trading is making money. There are no significant ancilliary benefits, unlike most other professions. Make money or stop trading. For me, the more...

Either way, this guy didn't lose $10 / share, he just didn't make $10 / share as he planned to. Not sure how he can calculate a 4K loss from this. Magellan

Perhaps more information that anyone knowingly bargained for.... Magellan