IB: I shorted 1 mini SP; IB says I'm down more than $10,000

[jys78]

Now whom is dating themselves ? That slaying goes back to Marshall McLuhan, circa mid-1960s. But in this case, that is NOT the message; IB's software is the impt factor.

I'm not sure about that. I'd say listening to audio price ticks all night, combined with taking pictures of a monitor are much more interesting than any trivial detail of IB interface.

 

[Q.E.D.]

I'm not sure about that. I'd say listening to audio price ticks all night, combined with taking pictures of a monitor are much more interesting than any trivial detail of IB interface.

Perhaps, but I'm quite use to hearing prices overnight. I rarely take photos of screens, nor even capture tools, but showing a 50% loss on a futures position in a minute, is more disquieting.

 

[nooby_mcnoob]

If OP is really living like this, then he would need to be making at least 5 million/year to justify the hit on quality of life. Since he is trading MES, I believe he is not.

 

[Q.E.D.]

If OP is really living like this, then he would need to be making at least 5 million/year to justify the hit on quality of life. Since he is trading MES, I believe he is not.

IMO, no hit on quality of life. But impressive how you are able to translate whatever impact to a dollar figure. Thus far, that has eluded the various sciences.

E-minis permit scaling in / out of positions. Years ago, pre-e-mini, I traded much larger the big SP, but of course at much lower prices.

And actually, most of my positions overnight are SPY puts/calls. 2 e-mini = 1 option, so relatively easy to cover, at least 'til 4 am when cash SPY trades, via IB can cover cash SPY, & close-out my option position -- only done if remaining prem in option is low, but I usually trade deep in-the-money options.

 

[nooby_mcnoob]

IMO, no hit on quality of life. But impressive how you are able to translate whatever impact to a dollar figure. Thus far, that has eluded the various sciences.

E-minis permit scaling in / out of positions. Years ago, pre-e-mini, I traded much larger the big SP, but of course at much lower prices.

And actually, most of my positions overnight are SPY puts/calls. 2 e-mini = 1 option, so relatively easy to cover, at least 'til 4 am when cash SPY trades, via IB can cover cash SPY, & close-out my option position -- only done if remaining prem in option is low, but I usually trade deep in-the-money options.

It's true that the micros (MES/MNQ) allow for better risk management.

 

[Q.E.D.]

It's true that the micros (MES/MNQ) allow for better risk management.

Sorry, had referred to micro, as mini, and yes, better risk mgmt, and esp in these mkts, with almost record intra & overnight swings, it provides some edge.

 

[wrbtrader]

Sorry, had referred to micro, as mini, and yes, better risk mgmt, and esp in these mkts, with almost record intra & overnight swings, it provides some edge.

Have you telephoned IB about your problem with what they're showing for your account status in their trade execution platform ???

wrbtrader

 

[Q.E.D.]

Have you telephoned IB about your problem with what they're showing for your account status in their trade execution platform ???

wrbtrader

I've given-up dealing with IB tech support. Have traded with IB for 20 years, and keep looking for other brokers.

 

[wrbtrader]

I've given-up dealing with IB tech support. Have traded with IB for 20 years, and keep looking for other brokers.

Seems like you're going to accept whatever debit they make to your account.

wrbtrader

 

[Q.E.D.]

Seems like you're going to accept whatever debit they make to your account.

wrbtrader

Not a real debit, just a bug in display in BookTrader. Very annoying, and distracts from trading, but no real world change in balances.