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Search: Posts Made By: muscleman
Forum: Brokers July 30th, 2012, 03:19 PM
Replies: 69
Views: 74,920
Posted By muscleman
Got it thank you. I tried their demo account...

Got it thank you.

I tried their demo account before and decided that it is over complicated to understand what is going on.
Also I don't want to take the risk of my all funds being frozen for a...
Forum: Brokers July 30th, 2012, 12:56 PM
Replies: 69
Views: 74,920
Posted By muscleman
Wow that is a very bad sign........ Futures...

Wow that is a very bad sign........
Futures account does not have SPIC insurance and it is entirely relied on aggregation to protect customers. If IB fails to do so for the past four years, but in...
Forum: Brokers July 5th, 2012, 06:00 PM
Replies: 69
Views: 74,920
Posted By muscleman
OK. Well, I think at least finding a futures...

OK.
Well, I think at least finding a futures clearing firm that does not do any prop trading will help greatly reduce the risk.
Forum: Brokers July 5th, 2012, 05:34 PM
Replies: 69
Views: 74,920
Posted By muscleman
Oh that sucks. With the MF global saga, I am...

Oh that sucks.
With the MF global saga, I am really not sure if there is a safe futures broker because they can always try to co-mingle the assets.
Are regulators not planning to do anything?
Forum: Brokers July 3rd, 2012, 06:33 PM
Replies: 69
Views: 74,920
Posted By muscleman
I use fidelity for stocks. I only do very long...

I use fidelity for stocks. I only do very long term investing for stocks. (Warren Buffet's value investing method) So it doesn't matter to me. I normally hold a stock for years.

For futures, I...
Forum: Brokers July 3rd, 2012, 05:50 PM
Replies: 69
Views: 74,920
Posted By muscleman
Oh... That sounds fishy. I have decided not...

Oh... That sounds fishy.

I have decided not to use IB.
I think it is important to separate stocks with futures in different brokers, so if one broker is down, that is still ok.
IB is not great...
Forum: Brokers June 19th, 2012, 05:20 PM
Replies: 69
Views: 74,920
Posted By muscleman
Does anyone have filing tax problems with IB? ...

Does anyone have filing tax problems with IB?
They don't integrate with turbo tax so you have to manually type in your transactions.
Forum: Brokers June 16th, 2012, 07:08 PM
Replies: 69
Views: 74,920
Posted By muscleman
Thanks a lot. I currently have an account with...

Thanks a lot.
I currently have an account with AMP futures with CQG, so I will try this out first.
I really hope I could find a broker that trades both stocks and futures. The problem with IB is...
Forum: Brokers June 8th, 2012, 02:14 PM
Replies: 69
Views: 74,920
Posted By muscleman
Thank you. I don't think I would need much...

Thank you.
I don't think I would need much customer support. I may need some initially to get familiar with the tws interface though.
So for OCO, if one side is executed, are they going to actively...
Forum: Brokers June 7th, 2012, 11:21 PM
Replies: 69
Views: 74,920
Posted By muscleman
Really? They said they do not guarantee...

Really? They said they do not guarantee cancellation of the OCO?
I am going to do swing trades so I will place the two sides relatively far away. ES for example, at least 20 points away. But if the...
Forum: Brokers June 7th, 2012, 12:54 AM
Replies: 69
Views: 74,920
Posted By muscleman
Thanks a lot to everyone here. Two more...

Thanks a lot to everyone here.
Two more questions:
1. In the year end, if I use turbo tax to file my tax, does it support IB? I am currently with Fidelity, and I can just do a few clicks in Turbo...
Forum: Brokers June 6th, 2012, 03:29 PM
Replies: 69
Views: 74,920
Posted By muscleman
Thank you! I am investing stocks only in a cash...

Thank you! I am investing stocks only in a cash account, and trade futures. I think IB's advantage is obvious for my strategy.
If I have all my cash in the underlying commodity account, and one day...
Forum: Brokers June 6th, 2012, 12:21 AM
Replies: 69
Views: 74,920
Posted By muscleman
Do you know if they have prop traders on board? I...

Do you know if they have prop traders on board? I viewed their SEC filings, and it does seem like they have market making business and prop trading. I am concerned if they may do the same thing as...
Forum: Brokers June 5th, 2012, 11:36 PM
Replies: 69
Views: 74,920
Posted By muscleman
Thank you. Do you know if they have a prop trader...

Thank you. Do you know if they have a prop trader on board and trade against you?
I am a bit scared of the MF global case, where the supposedly segregated funds were illegally used by MF Global to...
Forum: Brokers June 5th, 2012, 01:04 PM
Replies: 69
Views: 74,920
Posted By muscleman
How about trade execution? Some people say the...

How about trade execution? Some people say the execution is pretty bad.
I love the idea that I could trade stocks and futures in one broker, but they seem to have a prop trading desk, so I am a bit...
Forum: Brokers June 4th, 2012, 03:45 PM
Replies: 69
Views: 74,920
Posted By muscleman
Is Interactive Brokers bad?

I am considering to swing trade futures so I need a broker that supports server side OCO.
There are only a few of them, and IB is the one that can also trade stocks, which is kind of nice.
However...
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