Robert H

You have to finish the week with positive equity. Blowing up on Day 5 (going to 0 or negative) will disqualify you. Yes, but you will need to sign up for the Challenge and use that account for trading. Great point, Marek. Even a bell curve which "weights" the dollar PnL would be a good compromise. Someone making $10k in one day should be rewarded more than another trader who leads the pack with $1000 on another day.

Hi Jay, Other IB customers from Europe and Mexico have reported that the PDT rule applies to them. Check this post out: IB Canada does not apply the PDT rule. I am a customer and can confirm this.

Here is the working link: Do you see your STOP in the Open Orders window?

Select PriceMarker on the right side, and click Config.

Old post, but relevant: Andrew takes off 25% of remaining in rapid succession. Personally I take off 1/2 or 2/3 after 1.5:1 risk/reward. Then I take the rest off based on the price action (holding support, no new 2/5 min lows, etc). William and Norm typically aim for higher profit potential and are more patient. It really depends on your style, strategy, and personality.

Yes, those routes are specific to IB. Use LIMIT and MARKET in lieu.

Right-click the bottom area of Montage > Layout Config. Use the arrows to add the Hotkey to the right side: Press OK. You should get a ribbon which says "Right click here to add button." Alternatively, you can load the Default Simulator Layout which includes custom buttons already. Use the Duplicate Window function to clone the Montage. Here are some sample scripts to get you started: ROUTE=MARKET;Share=400;Price=Ask;TIF=DAY+;BUY=Send ROUTE=MARKET;Share=400;Price=Bid;TIF=DAY+;SELL=Send

Unfortunately there's no way to achieve this automatically. You can manually modify existing STOP orders by: Double-click the original stop order in Open Orders window. This loads it into the Montage Update the Share number to your current position by pressing P on the Montage Optional: update Price if you want to adjust new stop to break-even Press RPL (replace) on the Montage This post describes how to set hotkeys to quickly achieve the steps:

Tiered works out to be cheaper in nearly all cases. @peterB gives a good breakdown of the $0.0035/share and $0.35 minimum per order. Keep in mind that this does not include ECN, FINRA, and SEC fees. A good estimate of total fees is to take the total shares traded (in and out), and multiply by $0.005. So in both examples, that would be roughly $10.

I don't believe what you described is possible. However, you can store share and price values in a hotkey, which can then be loaded into the montage (rather than sent immediately). For example: SHARE=1000; PRICE=10;BUY=LOAD

This is the only way to switch between simulator and real (per this article): You can however program the account directly into a hotkey/button via this command: ACCOUNT=UXXXXXXX

Also make sure you select the relevant Montage before pressing the hotkeys. It won't work if the chart is selected.

Yes. You need to define it in a hotkey. Example command: MinuteChart 10 1d; NumBar 24

Select the chart, type the symbol, press enter. There is a 30 chart limit.

Link fixed.

@wayneb 30 trades a day is way too much unless you are hyper-scalping for 0.02 moves. I consider a day with over 5-6 trades high. 10+ is definitely over trading. 15+ is Hulk territory.

It depends if you go with Standard or Premium, and whether you subscribe monthly or annually. Most people go with Standard. Use coupon code VANCOUVER15 for 15% off by following this link. When you are first starting out, the cost of TI can be quite significant. This is why we recommend using the scanners in the chatroom. Keep a lookout for TI Test Drives and promotions. The former is a 5-day free trial; the latter offers significant discounts.

Go to Setup > Order Templates For Q---Nasdaq, change default share Hit Apply For N---NYSE, change default share Hit Apply

Set ROUTE=MARKET in your hotkey command and it should override the Montage dropdown.

Take a look here:

Hi Bart, We received your e-mail response. Please note that replies to that automated e-mail address are not monitored. It's best to use the forums (here) to communicate. My solution to your issue is to explicitly state the number of candles in the hotkey. For example: 1-minute chart: MinuteChart 1 3d; NumBar 30 5-minute chart: MinuteChart 5; NumBar 24 You can change NumBar to whatever zoom you prefer.

Consider the monthly subscription cost a part of your tuition. IB offers much cheaper commissions than Questrade. This savings could pay for the $150/month DAS itself. DAS layouts and hotkeys are available in the Members Home > Education Center. Direct link

Platform wise: -Not direct access (data feed and executions are slightly delayed) -Lack of advanced hotkeys -Slower response time -Charting aesthetics and responsiveness -VWAP was just added a few yrs back and was reported to be buggy. Most likely fixed now Broker wise: -limited short inventory -high commissions You get what you pay for. In this case: the platform is free lol. Try using the DAS 14-day free trial and compare for yourself.

I use Questrade for my long term portfolio and investments. They don't have marketable limit orders. See here: https://questrade-support.secure.force.com/mylearning/view/h/Investing/Order+types I've found that the IQ Edge platform isn't suitable for the type of active day trading we do in this community. For swing trading and investing it's ok.

Hi folks, here is a copy of the playbook template I discussed in the Feb 14 recap. The file is obviously a sample meant for each individual trader to complete with their own strategies, patterns, and setups. https://drive.google.com/a/bearbulltraders.com/file/d/1bmu3XzT_KtzTfya2Fo7Uqc7DZG_N7q-B/view?usp=sharing Please download a local copy as .xlsx