Recent content by onmargin

Interactive Brokers platform (although basic) works perfectly on a mac. For US Stocks and Options, thinkorswim works as well.

So let me get this straight. Starting in 2013, I will have to give 30% of my withdrawals to the IRS?? This is a major deal breaker for any non-us customers if I am understanding correctly.

Ya it hurts. Over $20000 USD lost here. What makes it even more unfair, is that the instrument in question (QID) didn't even correlate in the correct direction. Being an inverse fund, it should have spiked up, not down.

That is what my broker said as well. Unless the loss is greater than 60%, I am out of luck. Lessons learned. 1) Find a new broker. 2) Never touch ETFs that don't directly correlate ever again. 3) Be careful with stops. (stop was placed to protect me from a catastrophic move, not expose me...

Just wondering if anyone has any advice for me as I have never had anything like this happen. I had a QID position open (quite profitable too) with a stop @ 11.20. During yesterday's market spike, QID correlated the wrong direction and traded at 2.50 for less than a minute. I was stopped out...