It should would suck to withdraw all your dough from IB and then have your bank go belly up. LOL. That would be my luck. I have more faith in IB and many futures fcm's than local banks. IB was started on Timberhills infrastructure and I have always had respect for Timberhills risk management.
Good question! I did the same, by about 2/5ths. I also felt a bit silly but we're supposed to be risk-averse, right?
I bought a few of the March $25 puts on Friday for $0.10. Sold from $2 to $5.30 today. I've picked up some $15 puts and $30 calls cheapish - let's see how it plays out. IMO IB is solid, they are specifically set up to weather this kind of market turmoil. If they go bust then it will be because the whole banking system is going bust.
Nice trades. Hope you're right about IB as I still have funds there and do want to trade this market.
yup...but it would be nice if people showed actual prints on big trades/gains ro losses cause so many here make claims and its hard to know what to beleive....I dont understan how somebody says they bought a lot of stock then hold hold for substantial losses only to hold onto to it till it goes positive?I thought everybody used stop losses???
IBKR strong buy out today http://www.thedisciplinedinvestor.com/blog/2008/03/17/ibkr-plus-fear-buying-opportunity/
Thanks for sharing that but it seems they don't really know and are just speculating along with everyone else.
Funny that you guys claim how solid IB is but everyone is making withdrawals to check if rumors are true.
I agree with this. Your money is a lot safer with IB... than with your sleazy American bank. Also... 10 page thread and no one mentions: (a) Retail Customer accounts are segregated (b) Retail Customer accounts are SIPC insured When Refco went bankrupt... I had a retail futures account... And got ALL of my money promptly... Because retail accounts are segregated.