Received 3 Karmas
Tone
Tone Apr 08, 12:21 AM

Getting this under control quickly seems to be a differentiator between those that progress fairly quickly and those (like me) that struggle for a while at the beginning. Working on having a mentality where taking small losses is necessary is crucial.

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Tone
Tone Apr 06, 11:08 PM

There's a few of us around. I've been pretty much part time, so haven't really kept in touch. There's a few guys who seem to have a bit of experience. Time zone is the killer, especially if you want to do day trading on US markets. Swing trading or Futures trading offer better lifestyle choices.

adzwealth
adzwealth Apr 18, 3:49 PM

thanks for reaching out, what platform are you using here and what state are you trading in? i'm in WA

Tone
Tone Apr 23, 2:11 AM

Using Stocks to Trade for charting and scans. Have a few brokers where i just use their browser based platforms for executions but mainly use Interactive Brokers. Also have accounts with Schwab and Suretrader. I'm in Qld, WA is definitely a better time zone for trading US stocks.

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StevieW
2
StevieW Feb 12, 18 10:53 AM

Just say whatever is necessary to pass the application. The system tells when you don't qualify and then just change your answer to make it work. All that application is doing is trying to make sure you arent a professional trader that trades other peoples money for a living and you are trying to pay non-professional fees and rates and slide by all of the rest of the stuff that the professional traders have to go through. It isn't meant to weed out novice traders.

Tone
Tone Feb 12, 18 3:25 PM

Thanks all for sharing your experiences. I'm a little bit OCD so was probably over thinking things too much.

Tone
Tone Jul 23, 18 9:58 PM

Postscript: Looks like my concerns were 100% accurate. IB have only given me a 'Trading' (cash) account I can't short and I can't change the account type in the configuration. There was NOTHING in the application where I could choose this. Waiting to hear if they will change the account type for me. Seem like they randomly fuck people over.

Tone
Tone Jul 24, 18 10:27 PM

Post Postscript: So IB customer support tell me I CAN short. .......'We can see that you have a trading account with IB-AU entity. In trading account, shorting is allowed. You can place an order to short on any of our trading platforms'.......how confusing

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Noble1222
1
Noble1222 Jan 31, 18 8:55 AM

i have been using schwab for 1 year as of feb. i rarely short but i will say this - every ticker i see guys shorting is hard to borrow at schwab and the few times i called their desk they had no shares.

Noble1222
Noble1222 Jan 31, 18 8:55 AM

from what i can tell in the chat room stick to the brokers the big time short players use.

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Turbobob
Turbobob Jan 14, 18 11:30 AM

Yes, they are always chancing banks to find who will give them the best leverage.

Turbobob
Turbobob Jan 14, 18 11:31 AM

Foolw me on twitter as well @turbobob129 as I post lots of market commentary there as well.

Tole
Tole Jan 15, 18 11:37 AM

ST have recently changed their wire instructions, i emailed them directly to ask and the ones via email were different to the ones in IBoss. I transferred about 1K into their UK account a few weeks ago and the money arrived fine. One issue you i had is they do not contact you to let you know the money is in there and they dont tell you that it is IBoss you have to check. The money wont show up in your account management login from the website as i expected at first.

Tole
Tole Jan 15, 18 11:38 AM

their helpdesk have always responded to me within an hour also, so they are really quite good for customer service from what i can tell, even if some of their automated stuff isnt as described

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