Trading around 500K daily with 30K account

Discussion in 'Retail Brokers' started by CA04, Feb 29, 2012.

  1. last I looked you can trade 50 million a day serially, if you are fast enough.

    who cares?

    they love you, more commissions.
     
    #11     Feb 29, 2012
  2. Kind of a side note question but related to the intraday liquidation. How does IB choose which stocks they will liquidate you on? Like say you are long 5 stocks for $20,000 each so 100k total. and you need to reduce that to $90,000. Do they just liquidate $10,000 any random stock, or do they spread it out over a few stocks? Do you somehow get to choose?

    BTW, you do not pay interest on the funds borrowed intraday as long as you sell it all before the close.
     
    #12     Feb 29, 2012
  3. Do you have more cash available outside of your account? It seems like with such a low profit factor (sorry for sounding like mr know it all) that no matter how good your system is, you'll probably blow up your account with that small of a balance a couple of times a year. In the long run, I supp pose it's not a big deal, but have more principle or risk losing your account.
     
    #13     Mar 1, 2012