Hello BBT!! After 1 year of studying and sim trading I funded my live account to start my journey. I live in Europe so i decided to open an account with IB and today I realised I do not have permissions to trade ETFs. Tried to contact them about my "retail trading" account (if somehow is possible to solve the issue) but I wanted to ask if anyone figured out any solution for this particular issue? Thank you for your help 🙂 Antonia

Need some help/guidance on Complex or Leveraged Exchange Trading Products(CLP). Today is my 1st day of live trading. My first trade was going to be TQQQ - but was rejected by IBKR as I hadn't enabled this option in my IBKR trading settings So now I have to go through another 2-day review period to have IBKR approve this My questions are: How do I identify which ETFs are CLP (leveraged)? Does this rule apply to individual stocks or just ETFs? What else do I need to know about the CLP provisions? Thank you in advance for any help or insights.

Hi All, I am currently looking at wether to trade individual stocks or ETFs. From general chart research and technicals, the top 20 ETFs in terms of volume and ATR seem to have exactly the characteristics that we are looking for in individual stocks (i.e. high liquidity/volume, ATRs above 0.50$ on a daily basis, many with prices per share between 10 and 100$). From a chart research, pretty much all of the most traded ETFs (https://finviz.com/screener.ashx?v=171&f=ind_exchangetradedfund,ta_averagetruerange_o0.75&ft=4&o=-volume) seem to follow the common rules such as bouncing off MAs, respecting support and resistance, etc. etc., plus they do not look like HFT and liquidity is a multiple of the liquidity of a typical 10-100$ stock in play. Therefore my thinking is that I would focus primarily on 8-10 ETFs for 3-4 sectors/indices on a daily basis, to become very familiar with how they behave, to become knowledgable in these 3-4 sectors/indices and in doing that I would ensure maximum efficiency and consistency. Plus, since they track a portfolio of individual assets / stocks, in my mind exposure to sudden spikes and squeezes can be reduced when trading ETFs as sudden news in respect of one company (e.g tweets by Elon making TSLA plummet in seconds) would not have such a huge impact as they would have on an individual stocks. What do you think ? Am I missing something ? I know that the BBT team typically does not trade ETFs but other than that are there any issues with the above that you could think of ? Looking forward to your opinions 🙂 Warm greetings from Luxembourg ! Philipp