Another newby

Quote from hwkaiser:

30 trades @ $9.99....why would you want to keep that platform?
$300/month... open an account at IB... you may be able to avoid the 25K by position / swing trading. Probably will need the 25K if you are more active... quotetracker, good charting program and free...
More...

I am having some trouble understanding IB's rate schedule.
http://individuals.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc
Commissions

Is 1 trade a "contract" ?

I will look into it further.

thanks again for the replies!

Cheers
 
Quote from Opteronion:

Yeah, ET PRo has charting and I kinda like it (but I know nothing)

You can only run 1 monitor. And be logged into only 1 PC. the platform has "four screens" so on 1 screen I have my watch lists , position list , news ticker and most active list. On the other three pages I have them split up with 6 yo 9 charts . For every chart I have a market depth (levelII) window.

Again I no nothing else to compare, but
it seems to work well.

The only time I use the ECN is for AH. Otherwise I use the "Auto" button? It seems to execute well.
They also give a few other choices like "Arca" and I cant remember cuz I am locked out right now, (bastards)


Thanks
More...

I think you should compare what you would be paying at IB as well as other brokers. Do the math for a year's trading and see what it amounts to. You could be pissing away 10% of your account a year by paying too high commish.

Also, it sounds like by using the "Auto" button, you are always giving up the bid/ask edge. That can end up costing you a lot as well. If you only save $.01 a trade, that is still $5.00 on a 500 share trade. Again, do the math and figure what it amounts to a year. How often you can get filled on a limit bid depends on a lot of things, but in most stocks it's not that hard.
 
Quote from AAAintheBeltway:

You must be looking at the futures or options fees. Look under stocks.
More...

I don't know what I was looking at!

I found this:
http://individuals.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc
Commissions

It looks a like I would be paying ~$3.50 each way !
Are there other fees with IB? (I will look)

I am downloading Quote Tracker now
http://www.quotetracker.com/index.asp
QuoteTracker

So I am assuming that all IB is a platform to enter orders and it does not give me the charting etc? (again I will research)

I suppose the nivce thing about ET Pro is that it is all right there and all I do is click on a chart and it gives me an order window.

Plenty to learn.

thanks
 
This thread really got off from when I first read it.

A few questions,

What happens if you buy the security pre-market and sell it during market hours? Is that considered a day trade?

What happens if you buy a security in market hours and sell it after hours?

How far spaced do the trades have to be to not be called day trades?

Does it only apply to US securities?

Futures are not affected right?
 
Quote from Renegen:

This thread really got off from when I first read it.

A few questions,

What happens if you buy the security pre-market and sell it during market hours? Is that considered a day trade?

What happens if you buy a security in market hours and sell it after hours?

How far spaced do the trades have to be to not be called day trades?

Does it only apply to US securities?

Futures are not affected right?
More...

I think a premarket trade and a regular trade in the same day is a "day trade"

I read up a bit on it here; http://tinyurl.com/yzs6sn

there are some good examples and scenarios.

Thanks again for the replies I got rather than the "look it up/search" for it responses. I appreciate it.

Cheers
 
Quote from Opteronion:

Yeah, ET PRo has charting and I kinda like it (but I know nothing)

You can only run 1 monitor. And be logged into only 1 PC. the platform has "four screens" so on 1 screen I have my watch lists , position list , news ticker and most active list. On the other three pages I have them split up with 6 yo 9 charts . For every chart I have a market depth (levelII) window.

Again I no nothing else to compare, but
it seems to work well.

The only time I use the ECN is for AH. Otherwise I use the "Auto" button? It seems to execute well.
They also give a few other choices like "Arca" and I cant remember cuz I am locked out right now, (bastards)


Thanks
More...

Check out E-trade's "Market Trader". You can run this at the same time as using E-Trade Pro on the same computer or separate computers. This may give you more screen space
 
Quote from vjay:

Check out E-trade's "Market Trader". You can run this at the same time as using E-Trade Pro on the same computer or separate computers. This may give you more screen space
More...

Yeah, I discovered that when I got shut out of ET-Pro. I used the "market trader" on 1 screen along with Yahoo interactive subscription on another screen . It sucked.

My Etrade Pro is back on. I can cancel my yahoo trial .

I think I will continue to use Etrade while I learn. I certainly want more if i trade FT. I will probably go with IB but I do not like quote tracker (first impression) so I will try to figure it all out in the meantime.

cheers
 
You must log in or register to reply here.
Back
Top