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As much as the field has been getting a lot more competitive over the past year, and even with their few faults, I decided that I still have to stay with IB because 80%+ of my trading is in commodities futures options, and I I'm pretty sure, for the moment,they are by far, the best for that.

Those markets, at least the ones I trade most (Gold, Silver, Crude, Soybeans, Sugar, copper etc), are open, and very liquid, 23 hours a day , in some cases.

I'm not crazy, and stay up all night, trading at 3AM.

I actually go to bed by 11 PM, and wake up at 7:30 AM, so I'm not doing anything throughout the night (otherwise you would eventually lose your mind).

But, especially lately, I have been able to put on positions, in the 6 PM (all the markets open at 6PM EST), until around 10PM, and the next morning when I check on them, I seem to have gotten some kind of head start on the next day, by having put on positions that I would no longer be able to put on anymore.

So, for me, the brokerage that can service that aspect of the market the best, is a priority.

 

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The weekend has past and a few cost basis figures are still wrong in Tradier...

 

Edit:

So the problem, at least for me, started last Friday. All cost basis figures for existing positions were wrong. Newly opened positions on Friday showed correct cost basis figures. Looking today, everything has been flipped. Positions opened before last Friday now show the correct cost basis, but positions opened on last Friday now show wrong cost basis figures. Swing and a miss, Tradier.

Edited by akito

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On 1/6/2018 at 10:42 PM, Antoxa said:

Thank you, @izzo70

As I can see they charge 1.25 for Canada. But is it for all trades in Canadian account? Or is it for options traded on Canadian exchange only?

aF5X4UGR2Ouz2Gaf6KTSzg0dOV6Ya4.png

The commission structure has to do with where the product is traded and not your physical location. Kim uses IB and as far as i know, lives in Canada!  I doubt he would pay 1.25 per contract, but not 100% sure. 

Edited by izzo70

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It seems to me that tradier is now accepting non us customers? Is the steadyoptions offer still valid and do any of you use the 40 $ flatrate?

SBatch mentioned he is using a different platform for tradier. 

How do the platforms differ and to what benefit.

I still do not like the IB Interface and love TOS and Tradestation‘s Optionspro.

With that in mind what platform would you recommend?

Thanks

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43 minutes ago, urfiend said:

It seems to me that tradier is now accepting non us customers? Is the steadyoptions offer still valid and do any of you use the 40 $ flatrate?

SBatch mentioned he is using a different platform for tradier. 

How do the platforms differ and to what benefit.

I still do not like the IB Interface and love TOS and Tradestation‘s Optionspro.

With that in mind what platform would you recommend?

Thanks

TradeHawk is the most robust options trading software available for integration with Tradier.  Please review the Tradier thread for more discussion on their offering:

 

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@Antoxa You would definitely want to take a look at Tradier Brokerage as well if in fact, as urfiend stated above, they are are now accepting non-US clients?  With their $40 flate rate per month, think of how much you could save!!!  Your CSX trade alone will cost you $125 round trip.  That would cover 3 months of commissions with them! 

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20 minutes ago, Darcy MacDonald said:

Are you sure?  Their application form still says you must be a US permanent resident.

They do accept Intenational Accounts, as they were half a year ago. But you need to talk to their support for that.

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3 hours ago, izzo70 said:

@Antoxa You would definitely want to take a look at Tradier Brokerage as well if in fact, as urfiend stated above, they are are now accepting non-US clients?  With their $40 flate rate per month, think of how much you could save!!!  Your CSX trade alone will cost you $125 round trip.  That would cover 3 months of commissions with them! 

The CSX trade is exactly the reason I started to think about commissions :) 

I never traded more then 10 contracts before, so commissions were more or less tolerable

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Just now, krisbee said:

is IB Key working? 

It just says Loading.... I cannot login in TWS.

Anyone experiencing the same issue? 1/912018 9:51AM Eastern time.

I legged in around 9:15 EST.  It took some time. 

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1 minute ago, krisbee said:

is IB Key working? 

It just says Loading.... I cannot login in TWS.

Anyone experiencing the same issue? 1/912018 9:51AM Eastern time.

I'm logged in TWS  but i used IB Key earlier this morning (probably around 8 AM Eastern).

I just tested to connect to the website (account management) and IB key worked.

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2 minutes ago, krisbee said:

is IB Key working? 

It just says Loading.... I cannot login in TWS.

Anyone experiencing the same issue? 1/912018 9:51AM Eastern time.

@Kim I'm not able to login in TWS. I have IB Key security enabled, which asks my fingerprint everytime i login.

What do you suggest here? call customer support? Not sure if someone experience the same. (Pathetic situation where I want to get profits and couldn't from EBAY and TLT)

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1 minute ago, krisbee said:

@Kim I'm not able to login in TWS. I have IB Key security enabled, which asks my fingerprint everytime i login.

What do you suggest here? call customer support? Not sure if someone experience the same. (Pathetic situation where I want to get profits and couldn't from EBAY and TLT)

Did you reboot your phone?

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6 minutes ago, krisbee said:

Thank you! Restarting iphone worked !! I'm able to login now. (and missed EBAY :)  )

By the way, do you know you can configure IB so you only need IB Key to login to account management? And for trading access you only enter login/password in TWS.

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1 minute ago, Stanislav said:

By the way, do you know you can configure IB so you only need IB Key to login to account management? And for trading access you only enter login/password in TWS.

Yes, accessing app, it uses IB Key (fingerID to login). When I use TWS, I need to enter login id, password & the 2 factor authentication is IB Key finger ID (or passcode)

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33 minutes ago, krisbee said:

is IB Key working? 

It just says Loading.... I cannot login in TWS.

Anyone experiencing the same issue? 1/912018 9:51AM Eastern time.

I still use the 2 number code instead, because I always had problems with the IB key.

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Just now, cuegis said:

I still use the 2 number code instead, because I always had problems with the IB key.

I never had this issue before. It was convenient to just keep the thumb to login. I'm not sure how many use 2 factor authentication to login in TWS. 

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18 minutes ago, Christof+ said:

How exactly do you do that?

It is called Partial SLS Opt Out. Go to Manage Account / Security / Secure Login System / SLS Opt Out. And do a Partial Opt Out for your account.

For me, IB Key is too unreliable to use it for trading access.

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4 minutes ago, Stanislav said:

It is called Partial SLS Opt Out. Go to Manage Account / Security / Secure Login System / SLS Opt Out. And do a Partial Opt Out for your account.

For me, IB Key is too unreliable to use it for trading access.

I agree. If you happen to run into a problem with your smart phone one day, you are screwed.

I decided, that I feel more secure, even with the minimal, extra effort, of reading the 2 numbers off the card

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I used to use IB Key until I lost my phone and couldn't get into TWS. Had to call and get them to switch back to the physical security card, which was more of an annoyance than a huge deal since I knew exactly where I kept the old card, but the bigger deal for me was the realization that any phone issues would cripple my trading and at that point, I didn't carry my card when I traveled, so it could have been a huge problem for me.

Edited by greenspan76

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22 minutes ago, Stanislav said:

It is called Partial SLS Opt Out. Go to Manage Account / Security / Secure Login System / SLS Opt Out. And do a Partial Opt Out for your account.

For me, IB Key is too unreliable to use it for trading access.

Does this apply to a partial opt out ?

Quote

Moreover, account owners who elect not to participate are required to execute an opt out agreement through which full responsibility for losses associated with theft or misuse of login information is assumed.

https://www.interactivebrokers.com/en/software/am/am/manageaccount/sls_opt_out.htm

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This is an important topic. And a gentle reminder to have a good plan and a fallback ready for the case that something goes wrong technically... This might also include provisions for a real emergency: have a family member or a trustworthy friend instructed about how to access your account and close out your positions in case you are not able to react - for what reason it ever may be.

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@Maji I opened an account at Robinhood but from what I can tell their options trading capability is yet to be rolled out. It supports only stock trading right now and that also only on mobile platform. You should register your interest to be notified when the options trading is made available.

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16 minutes ago, anand331 said:

@Maji I opened an account at Robinhood but from what I can tell their options trading capability is yet to be rolled out. It supports only stock trading right now and that also only on mobile platform. You should register your interest to be notified when the options trading is made available.

I already use Robinhood for a small account to "gamble" with stocks. It's separate from my "serious" account.

From the rumors i read they might deploy the web interface later in January and with the option support later in the year

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I'm trying to find a thread that can help with a question I have.

It concerns Interactive Brokers trading platform.

None of the threads, that have IB involved, is exactly the right subject so, since this deals with IB in some way, I'll ask it here.

It is about the TWS "Risk Navigator".

For those of you who use it, I just wanted to know if you feel that it is representing your position somewhat accurately?

For example , a very simple position.

Let's take a position that most people here are familiar with.

A $5.00 wide TLT butterfly, which is currently right ATM.

There is a column for each greek.

With a trade like that, you really are mostly interested in the daily theta number (or a change in delta, if the market moves).

I have been using this tool for many years.

But, lately I have been finding that , on an ATM Iron Fly, with a daily theta number that is given, even when the market has not moved at all, and remains exactly ATM, you would expect that position to gain  (lose some value), as each day passes.

The only things I can think of , that would prevent that from happening, is either a move away from ATM, in price (which is not happening), or, the only other thing would be a rise in vega. Also, another thing which has not happened.

I gave the TLT as an example, because everyone is familiar with it.

But, I am talking about another, identical position, which most people probably would not be familiar with (Gold, and Crude futures options).

But, it dosn't matter...options are options, and if you are short an Iron fly that remains ATM, and IV dosn't change, then you would expect some decay of the position everyday.

I just wanted to know , for those that use this tool, do you feel that you can rely on it, for a generally accurate picture of your position?

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4 hours ago, IgorK said:

Guys in Canada, how are you getting Tax forms from IB?  I went to the Account Management/Reports/tax and there is now forms yet...

Tax forms aren't ready in Canada yet either.  It is a bit early.  When they are ready they are downloaded from the site.  Taxes aren't due up here till April 30.

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Hopefully this is a proper place to post this.   Just had some strangeness with a trade (NVDA, but I don't think that matters) on Tastyworks.  Their spread was in the ballpark of 7.15 / 7.25.   While considering my opening bid I checked around on Schwab and TDA, who both showed spreads around 6.45 / 6.55.  I placed the trade on Tastyworks at 6.50, and it was filled immediately.  TW is still showing the much higher spread limits, and is showing my position as having instantly gained 10% (understandably).  Pretty weird.  I'd say it pays to double check TW's quotes before pulling the trigger.   

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I noticed that a lot of my IB fills have had lower commissions recently, so I did a quick calculation:

  • In 2017 all my hedged straddle opening trades averaged 0.76 per contract (closing trades tend to be cheaper on average due to lower commissions buying back cheap shorts).
  • So far in 2018 my hedged straddle opening trades averaged 0.68 per contract.

Don't know what is behind this, just glad its working in my favor.   Anybody else seeing similar?

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14 minutes ago, Yowster said:

I noticed that a lot of my IB fills have had lower commissions recently, so I did a quick calculation:

  • In 2017 all my hedged straddle opening trades averaged 0.76 per contract (closing trades tend to be cheaper on average due to lower commissions buying back cheap shorts).
  • So far in 2018 my hedged straddle opening trades averaged 0.68 per contract.

Don't know what is behind this, just glad its working in my favor.   Anybody else seeing similar?

I had lower commission for a while but now it's back to normal. Maybe we get some commission in return because we make the spreads tighter since volatility returned? Do not quote me on that one.

 

 

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Hello, I just joined today. I have a question about Tradier. Do we pay $40 a month To Tradier for the unlimited trades commissions and also pay for another Option platform

as well as paying Tradier or do you trade directly through Tradier? Tradiers platform really isn't one, no info?

Thanks,

Mike 

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I would suggest TastyWorks platform. IB platform looks age old platform. I opened account & now in process of closing it. If you have day job then Tastyworks is the best platform in terms of good platform, great customer service.

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I would not dismiss IB so easily. Yes, their customer service sucks, but I do like the platform, commissions and execution are great, and it is very stable. I cannot remember last time it crashed. Even in flash crash most platforms crashed, but IB was stable.

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