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Yes, flaunting your wealth is the only way to go if you are rich. How about a poor person playing the rich (via easy credit) - is that okay with you?

If past experience is any indication, ARCA has several quote connections and apparently RealTick gets the good ones, and IB gets access to less quality connections. If I were to guess, I would guess that ARCA is the source of the problem, not IB. If IB were so bad, why don't the Island and...

Yes

You might consider opening an account at Interactive Brokers. Your 310 share order in and out would cost $6.20. Other places are cheaper than $15 as well (PointDirex, TradeStation).

$.12, right?

This is incorrect for retail accounts at IB. If you are flat and you specify a sale, then it is deemed a short sale whether you like it or not. IB won't "get you." I don't know about non-retail accounts.

This implies to me that someone arbitrarily determined that the action up to 856.00 was "normal".

I don't believe IB will automatically liquidate equities during pre or post-market. I believe the auto-liquidation for equities only occurs between 9:30am-4:00pm. Please correct me if I am wrong. Not sure how it works for futures.

1) Yes, it doesn't exist anymore, but for tax purposes in the year 2002 it did exist. 2) If you traded stocks in 2002 in your universal account, your 1099 form for that account should show stock transactions.

Reread my post on the bottom of page 4 of this thread. Not only was IB's way of reporting their 1099-B forms legitimate, but if your total sales on your tax form did not match what IB reported on its 1099-B form, then you did something incorrectly. It is a red flag only if you incorrectly...

There has to be a penalty for bringing lawsuits like this to court. I.e., if the lawsuit is deemed to be frivolous, the lawyer's license should be revoked. The risk-reward ratio for lawyers is ridiculously in their favor.

What if IB's software doesn't resend orders this way to take advantage of this queueing behavior? It may be worthwhile to double check with IB on this issue.

Good question. Got this from a Yahoo page: Man, that is irritating. Got to move to a state that doesn't tax Roth IRAs on withdrawals.

With a market order, it seems like the specialist could definitely hose you just as badly as an instant execution with TMBR could. Are you guaranteed price improvement with the specialist? Maybe next time put in a limit order at the best bid. If you get a fill through TMBR, then great. If...

If you are really concerned about it you can ask IB to give you the audit trail for your order. My take on what happened: TMBR was not on the inside bid initially (they probably have an undisclosed limit price that they are willing to fill at) so the order was sent to the NYSE - the bid...

Why is this upsetting? If you have a Roth IRA then the money is pre-taxed before entering the account. You can trade this Roth IRA account as much as you want and you will not have to pay any taxes on gains when you withdraw the money. In regular IRAs, the tax is deferred til withdrawal...

From what I understand, if you trade both securities and commodities, then you have two occupations. One is "securities trading" and one is "commodities trading." When you elect MTM, you must specify that you are electing it for your "securities trading" business (and not for "commodities...

The biggest advantage of MTM for me is that I don't need to worry about wash sales. You can have two types of accounts. One can be your trading account which is subject to MTM (if you elected MTM). The other can be an investing account which is not subject to MTM. As long as you separate...

IB seems to have their connection to Instinet, Island, BRUT, and BTRADE pretty well smoothed out (except for brief glitches). It just seems odd that one ECN (ARCA) can cause so many problems to IB when IB is usually technically competent. The ARCA ECN has definite quirks to it which leads me...

Actually, for QQQs and SPYs I would like: SMART_WITHOUT_ARCA_AND_AMEX I would actually trade the QQQs and SPYs again through IB if I knew my quotes and orders had nothing to do with these two exchanges.