Are you under the impression that Warren Buffett waits for his trades to settle before using the proceeds?
While you're busy quoting Warren Buffett, professional traders and funds will contunue to use margin to reduce, not increase, risk. No one is...
You can try sending pegged-to-midpoint orders using Island or IEX.
This would only be true if you were managing a long-only account. Otherwise, it's a load of sh!t.
You wouldn't have been audited, either, had you filed with trader tax status. What's laughable is when people who know one person who used to...
Does anyone know which brokers allow you to "free ride" -- that is, use proceeds from a sale of stock to buy another stock immidiately, as long as...
A lot of reasons. For example, if your backtest showed that 10am always beat the open (even after accounting for crossing the spread). In this...
IB does.
"The route is supposed to route your order to the exchange that gives the highest rebates while your order is marketable." Well, since you are...
What are you trading? Max Rebate SMART almost always posts to PSX for equity limit orders. BTW, can someone explain in simple terms how priority...
This is why IB is indispensable. For all the whining that goes on on this site, no one lets you borrow money at rates even approaching IBs.
That, or you're just not as desperate for revenue as you were when you established the magin requirements...
Sick burn, dude. 19 and 18 are very different deals...depending on which state you are in. Why are people bitching about futures trading in the...
IB -- how about making your algos use "pegged to mid" orders (on Island and IEX) as an option? There is usually a lot of liquidity between the...
You can do whatever you want with the shares you own, so yes, selling them all with one order is an option. Also, don't use market orders unless...
Whatever routing TD Ameritrade does with limit orders seems to be more effective than most. I am talking about getting a fill on the bid when...
In general, front-running is not done by placing nowhere-near-marketable orders in illiquid stuff. That wouldn't make any sense. Not to mention...
And yet, somehow they grew into a $16B firm, while Robert Morse is still fishing in the forums 12 hours a day. The width of the tie in that ad is...
Sounds like you're not doing it right...
Just curious, how many times have been filled at mid (for Nasdaq stocks) when submitting a marketable order at IB? For me, it's been zero times...
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