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Lee W

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Lee W last won the day on April 26

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    Dunwoody, Georgia, United States

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  1. It’s the Back To School test drive. https://www.trade-ideas.com/ti-summer-test-drive-082019
  2. Great to read this journey recap and to see you back at it. Welcome back!
  3. Ah yes. I see that. Perhaps you weren’t actually in the position when you attempted to sell half. Maybe your buy order didn’t execute and when you tried to sell, you didn’t have any shares to sell. Subsequently, it tried to short (which is selling shares you don’t have). That’s my guess.
  4. Nick, this is awesome. I’ve been using OBS successfully but have continued to look for basic editing software that I like. I didn’t want to go through using Adobe Premier for very basic editing. I’ve tried Windows Moviemaker. It works, but meh. Looks like you’ve found the solution. I’m grabbing Avidemux and giving it a try. Thank you!
  5. Hi @Ercilia182, It appears you are trying to short something for which your broker doesn’t have available shares to short. If it were shortable, there would be an S in the montage next to VWAP. You would click the S and it would tell you how many shares your broker has available for short inventory. In this case, there is no S, hence it isn’t shortable for you.
  6. Lee W

    Reading Time and Sales Tape

    That's correct, @sawtooth500 If you right click your T&S, then Config, it will define the colors.
  7. With IB, third party fees include: ECN, FINRA, SEC, and maybe others. I'm not certain. Basically, it's everything that's not IB's commission. With the tiered structure, you'll pay them all, if applicable. In some cases, you can get an ECN rebate and these can actually be quite substantial. I've seen total fees for a ticket that SHOULD'VE been over $20 and ended up being in the single digit dollars. Rebates can add up quickly. To be eligible for an ECN rebate, you have to add liquidity. In other words, sell on the ask and buy on the bid. Many people use limit orders to do this. Not ALL ECNs give rebates, though. With the fixed structure, the ECN fee is built in. I'm not sure what other third party fees are NOT included in the fixed $.005 commission, but it is for all intents and purposes, an ALL-IN commission. I believe William is working on a commission explanation presentation for everyone. This should answer many questions and give real world examples for people to see. I think that presentation is coming soon, so let's be on the lookout for it.
  8. The 25% discount only applies to one payment. If you choose the monthly plan, you’ll get 25% off the first month. If you choose the annual plan and pay it all at once, you’ll get 25% off the entire amount. Annual is a much better deal. You can double check with them on this, but that’s how the discount has usually been applied.
  9. This should help. The video should start at 4:07. If it doesn’t, move forward to that time in the video for the info you need.
  10. Lee W

    Tax Prep & Form with CME Group

    I’m not with CMEG, but an option for you is to use TradeLog. https://www.tradelogsoftware.com/ Using this, you’d be able to import all of your trades into the software and it will generate the proper form 8949 for tax filing. I’m assuming you’ve not elected MTM with the IRS. If you have, TradeLog can handle that, too. It just isn’t form 8949. I believe it is 4797.
  11. Lee W

    Pivot Points- My Journey So Far!

    This is great info, Matt! Thank you for sharing!
  12. Hi @Roland, If you haven't already, check out this playlist on YouTube on Andrew's/BBT channel for more tips. https://www.youtube.com/playlist?list=PLwk96tt6SpMEieiE92vYOIa1UzcOSVSFB
  13. Lee W

    Day Trading and Tax Preparation

    This is correct, @Daniel Thomas , however it is important to note that the 3k per year write-off is the max write-off against OTHER income. If you have capital gains, you can use as much of a capital loss as you have gains, THEN you apply the additional 3k against other income. Your examples are correct. I just wanted to clarify the point about the 3k capital loss. it is mentioned in your post, but I just wanted to help make that point clear. If you have no other income to report (for example, if you don't hold a regular job), then MTM doesn't have much of an advantage. You may have a trading loss, but without any other ordinary income, you can't deduct the loss from anything. I suppose one advantage of MTM is being able to avoid the wash sale rule, but that's not really a big deal if you know what you traded in December, break the chain, and don't trade those same tickers in January.
  14. Just a reminder, when doing an install of a new version, it is always a good idea to back up your settings as well as your crucial files in the DAS directory. A fresh install isn't a bad idea, either. This ensures you have all of the new files and none of the old ones are lingering. If you wanted to do a fresh install, this is what I did: Saved my DAS Desktop. Backed up my DAS settings. Tools>Back Up Settings. It will save a file to your PC desktop. I've found that this file saves your desktop, hot key, and other settings. Copy my entire DAS directory and pasted it somewhere else. Just in case something goes awry, It's nice to have a backup of how everything was. Also, i wanted a copy of my .dsk, .cst, and .htk files. Uninstalled DAS. Restarted PC. Downloaded a fresh copy of .34 here: For IB users http://www.dastrader.com/download/fixes/DASInstallIBCO.5.2.0.34.exe For CMEG users http://www.dastrader.com/download/fixes/ETFA.5.2.0.34.exe Ran the installation. Opened DAS and logged in. Restored my settings. Tools>Restore Settings This will look for the backup file that was saved to your PC desktop. It opened my default desktop file and hot keys, but I did notice that couple of settings were off a little bit. I opened the desktop again and everything was pretty much good. I had to make a couple of adjustments to my Market Viewer, but that's it. Saved my desktop. If something isn't quite right with your desktop, you can always copy your .dsk, .cst, .htk files from that backup directory folder you made in step 3 and paste those files into the newly created DAS directory. Remember that DAS will automatically open "default.dsk" upon logging in. I hope this helps others!
  15. Todd, We thought you were saying that DAS wouldn’t open. It appears you’re just having an issue with it loading the correct desktop file and/or hotkey file. DAS automatically opens the desktop file called default.dsk. So, in order to get it to load the one you want, you need to rename that particular one to default.dsk. Open it, then choose File>Save Desktop. Make sure to name it default.dsk You will have to overwrite the old default.dsk The other way is to go into the DAS directory, find the .dsk file that you want it to open automatically, and rename it default.dsk. You’ll have to overwrite or delete the original default.dsk I think the desktop file will save whichever hotkey file you’re using in that desktop. However, to ensure this, open the desktop file you want to use, go to Setup>Hotkey, open the hotkey file, then go back and File>Save Desktop as default.dsk It should save everything then. The next time you open DAS, it will open default.dsk and it should be the one you want and with the hotkey file you want. Hope that helps!
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