shane

Hello, here is a 'most likely' newbie question. I think I used to know, but now suddenly got confused... im subscribed to nyse openbook.. I could just go in and cancel the subscription and see what changes, but I dont want to mess with my settings since everything is the way i like it. im just wondering what is nyse openbook. I was thinking this is what is giving me my level 2 data & time and sales? is that correct?

Thanks a lot 1a2b3cppp! and everyone else as well for all of the input. There is obviously a lot of pros and cons to using margin. Im glad I asked the question. I was about to just stay away from it, but now after 1a2b3cppp's comment, I'm interested again. lol. I'm on a roller coaster... One person replied with the following, "if things go bad traders on margin lose everything they have made for many months or years in just one day" So let me ask a follow up question... - Assume this scenario: I'm day trading stocks only, and closing out all positions before the end of the day.... and on bad trades, Im selling off the stocks for a small loss before the price falls too far... My question: Wouldn't the broker just take back the money that was loaned? and therefore basically just close positions? lets say you bought 100 shares of ABC stock for $25. then that day The broker forces you to close positions.. You dont lose all the money right? if the stock was selling at $24, then you basically just lose $100, right? If that is correct, it doesn't seem that bad of a deal. Am i understanding correctly yet? Thanks again!

Thanks sergso, yeah Im going to just stay away from it too

Thanks MCM I appreciate the reply and advice

Hello, I have been day trading for under a year... I use Interactive Brokers but I usually only get to trade one or two days during each week because Once I use my cash, I cannot use it again until it clears which takes 3 or 4 days. I do not use margin, but I've been reading about it. I'm assuming that if I signup as a margin account, I will then be able to double the money I have to use for trades? (1) Lets say I have $30,000 cash account. If I signup for a margin account, will I then be able to trade with $60,000? Thus allowing me to trade more than one or two days per week? (2) If I close all positions before the end of each day, do I still have to pay interests on the margin money? (I ask because I read an article that seemed to say that). (3) Do any of you use a margin account, and if so, do you feel like sharing any pros and cons? basically I feel like I'm doing pretty good with my trades overall, but just not making a lot of money because I enter and exit pretty quickly with low amounts of shares (100 - 300). If I had more, I could jump back in at the next reversal or just in general trade on more days than just one or two. Well thanks for any advice and I look forward to being a member of this forum. I just foudn it today and I have spent hours reading through it already! lol. Im about to go eat finally. LOL

Hey Darin, I'm not an expert on the vid cards, but I can tell you my experience with it. but if you do not want to read the details below... then the quick answer is: No, a gaming card will not show visible improvements over the integrated video card... Not for charting programs and platforms etc... Of course it will improve games, and movies! I originally had a DELL running two monitors off of the integrated video card. No problems, no lag, no anything... I wanted to add a 3rd monitor, so I bought one of those inexpensive usb video adapters. It worked but had issues: 1. some colors would not even be visible (like if you draw a line on a chart but the line is light gray, then you would not even see the gray line). 2. If you moved the window around on the 3rd monitor, there would be stuttering/temporary freezing. So, I wanted to get a video card that supports 3 monitors (so that I did not need the usb vid adapter)... It's actually a hard thing to do. lol. lots of gaming video cards show multiple connections on the box, but the truth is you can not use all simultaneously. I eventually bought the AMD Radeon HD 6700 series card. It allows me to connect three monitors directly to the same video card. All is great. But there is no noticeable difference between using the AMD card or my integrated card when using platforms and charting programs. The only difference is that I can have all three monitors running off of one card. * now of course it is better than using the usb vid card. because a usb card is not good at all.. just a last resort. ** by the way, I ended up getting a free monitor, so I plugged the new monitor into the usb vid card so now I have 4 monitor system. over kill? to some people. But I prefer to see all of the information on my screens at once instead of min / max windows. I keep my outlook on the usb vid monitor... no real issues with that. Anyway.. hope this helped a little.. damn i wrote a lot. lol