tommyvercetti55

@MichaelGoode Hi Michael. You mention on your blog that you do not use TWS anymore, but you are still using Interactive Brokers. I was just wondering if you are using DAS connected with IB or a different broker for the charts and L2 but use IB to execute orders. Thank you.

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MichaelGoode
MichaelGoode Sep 26, 9:58 AM

I don't know where I would have said that -- I still use TWS. I do use DAS Pro with Centerpoint for level 2 and charts

tommyvercetti55
tommyvercetti55 Sep 26, 3:04 PM

Oh sorry, I didn't read that carefully. You replied to someone on your blog that you still use TWS but not time and sales and L2. Do you think DAS level 2 and time and sales is more accurate than IB's?

MichaelGoode
MichaelGoode Sep 27, 9:44 AM

TWS L2 & time and sales is just as good but I have always considered TWS charts ugly. I have used them in the past but I just find it easier to use DAS Pro and I have to pay for those charts / L2 anyway whereas I don't have to pay for the IB L2 if I don't want it

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iggycat69

Uptic Downtic Morning Panic Morning Spike Sideways Price Action Mid-Day Perk Perking Up Afternoon Ramp Consolidation Supernova/Parabolic Uptrending Downtrending Stock Halt Price Imbalance Intraday/Overnight positions Gap Up Gap Down NYSE/AMEX NASDAQ Pink Sheets Grey Sheets OTC ADRs (American Depository Receipts) Biotech Sectors Industrial/Manufacturing Sector Technology Sector Energy Sector Financial/Real Estate Sector Medical Sector Emerging Markets Gold/Silver/Commodities Sector GTC (Good Til Cancel Order) Day Order Premarket Order Afterhours Order PDT Rule (Pattern Day Trade Rule) VWAP (Volume Weighted Average Price) RSI (Relative Strength Indicator NHOD (New high of the day) NLOD (New low of the day) EOD (End of day) A/H (After hours) E/R (Earnings Report) 52 week high 52 week low TOS (Think or swim) TD (Td Ameritrade) ET (E*Trade) IB (Interactive Brokers) MMID (Market Maker STT (Stocks to Trade) First Green Day First Red Day Penny Stock Promoter Wolf of Wall Street/Boiler Room Pump-looking Chart Paid Pump Uncompensated Pump R/R (Risk/reward) L/F low float stock P/H (power hour) Green on the day (stock went positive on the day) Red on the day (stock went negative on the day) G/R (green to red on the day) R/G (red to green on the day)

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Gert112

@Torkers Interactive Brokers are pretty cheap in the industry in general. Maybe someone is cheaper. I would suggest you dedicate a couple of hours work, creating a spreadsheet, with all the price variables, and compare different brokers. There are many fees to consider, so getting a overwiew in a spreadsheet is a great way. Also have in mind (if you prepare to make shortselling) that IB have way better borrows, than Thinkorswim. IB - TSW platform, also comes free. It can really pay to choose the right broker from start, so do the digging. - Link: https://www.interactivebrokers.com/en/index.php?f=1590

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tommyvercetti55

@MichaelGoode Hey again Michael, just a quick question, is it a good idea to use Interactive Brokers to trade stocks under a dollar? They charge a per share fee for Canadians ( CAD 0.01 per share, Minimum order $1) and I was thinking if I was to trade tens of thousand to hundreds of thousand of shares of an OTC/NASDAQ stock would the commission fees take most of my profits? I'm kind of confused here whether I should find a broker that charges a flat fee for low priced stocks or just use IB. Thanks!

MichaelGoode
MichaelGoode Jan 19, 10:37 AM

I use IB for low-priced stocks because most of the time I am shorting them and no brokers that have flat fee commissions will let me short stocks under a dollar but it is true that taking decent position sizes on cheap stocks will result in large commissions at IB. At least for US clients the max commission is 1% of trade value. If you do trade a lot of lower-priced stocks I recommend getting another broker for buying the cheap stocks

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vinc6491

After 1 month of paper trading, I finally setup my account with Interactive Brokers Canada. Funds will be available for trading on September 26th. Really excited for it. Until then, study study and study more !

bahamastrader123
bahamastrader123 Dec 20, 17 7:38 PM

why did you do paper trading and not just go straight into interactive brokers

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CarolusRex
CarolusRex Sep 27, 17 10:58 AM

Hi Tim, does this configuration not make execution harder

TimLento
TimLento Sep 27, 17 11:16 AM

It might, but I haven't noticed any issues.

bahamastrader123
bahamastrader123 Dec 19, 17 8:28 PM

Hey all I have is $1000 to trade and need a little help with interactive brokers which account to choose?? They have all these Individual Investor or Trader, Family Office, Friends and Family Advisor,Hedge or Mutual Fund. I am also a Bahamian

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ThomasLegend

I just opened an Interactive Brokers account with $11,000 funded! Starting small with this account and E-Trade which has $4,000. Will be under PDT for both accounts. But happy I can verify trades with those accounts. Using photos to verify with Merrill Edge. Will use those brokers exclusively for shorting.

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