And there you have it! Since I'm a seriously good day trader, I'll go the trade management route -Fast
Fast, you don't have OCA orders? What kind of platform are you using man? RU with AmeriTrade browser-based entry now? Honestly though, OCA "set & forget" orders are one of the true beauties of being with IB. Many brokers / platforms don't offer any of that.
Another true beauty of being with IB is enjoying those countless moments when the feed dies, or when the program just blanks out on you. Made me all tingly inside when that happened back when I was with IB. I sure do miss those beautiful moments -Fast
That's the right attitude, Fast! How would you like yourself fried? Do you like the taste of tandoori spice, hot salsa or rather something satay? Mate, you cannot possibly have enough humility in the markets. You'll get to learn that the hard way sooner or later...
Scientist, I'm an entrepreneur, a business man and a little confidence never hurt any of my businesses! -Fast
Yes, but because of the OCA capability that doesn't matter. You see, I always have my stops in place. Better even on DAX. I had a power-out the other day that cut off my DSL router inde of UPS system. The stop was native, so no worries. By the very time I submit an entry, I will have a stop close automatically. What IB does after that, I really don't care. And if IB shuts down before I can place the trade - well too bad, I miss the trade. There'll another 100 around the corner later in the afternoon!
Oh man, Scientist, you worry me sometimes. You sure you're a PRO? No UPS for your router?? C'mon man! My entire setup is UPS-backed, even the router and cable modem Needless to say, I'm happy with my platform and absolutely love the service from Open E Cry! The name alone is way cooler than IB -Fast
Fast, I also am a multiple entrepreneur, business man, designer, manufacturer, artist, painter, gem merchant, consultant, real estate dude and a few things I've done, at my tender age. I think I'm pretty overconfident, too! But mind you. Overconfidence is deadly in trading. Never think you're smarter than the market. On the bright side of it, trading is actually a great lesson in humbling the overconfidence inherent in young high-flyers like us...