Quote from EqtTrdr:
lol relax....
trying to talk my brother-in-law out of trying to trade after he has been seeing me making decent money year after year all the while he works at some factory for $10/hr.
I told him I would help him eventhough it's against my better judgement. I set up an IB account for him and don't want him to start pushing buttons like a video game and lose his hard earned money in one shot.
As I won't be there to watch him I need a way to "limit" the max loss per day, as I cannot be sure he won't double down and move stops.
I checked on the IB help page but couldn't find anything....
I will keep looking
Try ZeroLine Trader http://www.zerolinetrader.com/ It is a front end for IB that is pretty cheap and has a setting for "enforce discipline rules" where you can define max loss and prevent a stop loss from being moved away from the price. There is also a 30 day free trial.
Cheers,
TRADERguy
