SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kenith Lee who wrote (110506)5/12/2000 1:18:00 PM
From: Petz  Read Replies (2) of 1583871
 
Kenith, my broker put me on 50% margin because they consider me a "day-trader." In the six months I've had my account, I've only bought and sold a position *once* within the trading day.

I have a feeling that some discount brokers fill option orders outside the exchanges by trading from their own account, because 80% of their customers lose money on options. When I started trading options with my firm I noticed that
1)I never got anything between the bid and ask
2)My bids or offers were never shown, even on their own quotation system

Then, when they realized I was making money,
1)My orders always appear on the exchange or internal quote system
2)I often get something between the bid and ask, or "price improvement" (order filled better than your limit)
3)Some of my orders are "followed" after their execution, especially visible on the thinly traded stuff.

Petz
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News