Thanks Don. I tried their Demo TWS, but it seems I can combo trade only option/stock or option/option (and more combinations of futures etc) but not stock/stock. any insight? dig deeper? TIA
I use stock/stock combos all the time. Try dragging the stocks from the trading window into the Combo window. Don
Yeah, IB does support stock combos, but using limit orders on them for day trading does not work well in my experience as IB waits for the limit to be crossed quite a bit to ensure both legs are filled (they don't want any execution risk.) In my experience, trading pairs on shorter time scales requires you to assume some of the legging risk yourself. I use my own spreader which quote all legs of the spread in order to achieve the limit price.
I agree that IB waits until the limit price is slightly exceeded before it executes. Although in fast moving markets, like at the open, the price must be exceeded by a considerable amount before the order executes. However, the alternative of legging-in in a fast moving market also has pitfalls. I have had one leg or the other hang sometimes for minutes dispite the fact that they are market orders. I pretty much stick to Combo orders as the least evil method. Don
I enter my trades the old fashioned way using limit orders and executing leg by leg manually. Never had problems with IB. Fast or slow markets. Started with them almost 10 years ago.
g Hi yobo i,m trying to understand the logic of being long both etf's take tlt/vti On march 31 09 the 100 dma had a cross over of the pair. this entailed ,for this illustration, approx. 21k for TLT (20%/200sh) and$...$31664 (80%..800sh...for VTI) . From june 12 09 to july 8 there was a huge DD while 100dma was still keeping the ratio in place. The pair is still trending down but the gains in one vti are offset somewhat, by the long bond. I know i must be miss understanding something about this. thanks and cheers john
Very nice trade. And very nice annualized return! I'm going to keep an eye on you. And thanks for sharing your trades. Walt B
Hello Mark, Nice profit. A question for you on why you thought this would be profitable. On the 12th, when you entered the trade, the trend was going against you. On the 14th an analyist upgraded TIN. I'm seeing this as a lucky trade, profitable because of the upgraded. I would not have chosen this based on the PTF graph I saw. What made you choose it? I know you are using Wealth-Lab and I don't know how to read the graph you attached. I'll need to learn. Walt B