Joseph_K
Joseph_K Dec 02, 16 10:30 AM

Well, from what I can see you may have been saved, but that doesn't really help explain why you can't make a trade. Your best bet is to contact IB because there is no apparent reason as to why you can't trade.

TraderH
TraderH Dec 05, 16 6:40 AM

Trades made in a cash or margin account take T+3 days to settle. In a cash account, you have to wait T+3 days until you can trade. Margin accounts still take T+3 days to settle but overcome the restriction because a margin account is like a credit line you borrow from while the trades settle.

TraderH
TraderH Dec 05, 16 6:44 AM

The IB platform should have T counter on it. Just enable it.

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krs1
3
krs1 Nov 26, 16 1:18 PM

I started with 300... What you'll learn in time is that you need capital to make capital. I increased my account size to 2K and although that is still small, it's made a substantial difference. If you can, save up more and put it in your account and remember, you don't have to (and I don't recommend) using more than 30% of your account on one position at a time. Bearing that in mind, 30% on 300 would only be 100 and that's just really not enough.

Fox_Trader
Fox_Trader Nov 26, 16 5:27 PM

Start out paper trading to get yourself prepared..

AsianMullet
1
AsianMullet Nov 27, 16 5:56 AM

That's 12 trade commissions round trip; say you invest half your account in a position, you would need to make 17% just to break even (120*1.17=140); 140-(2*10)=120 I.E. 0 Profit; (1200*1.17=1404); 1404-20=204; 1404-(2*10)=1384 I.E. 184 Profit. A larger account on the same trade could mean the difference in being profitable. Also when you have a small account, you tend to risk more which means larger losses especially when you begin. I killed my small account, took 2 years off to finish college

Fox_Trader
Fox_Trader Nov 27, 16 9:57 AM

Asian's comment is right on point. Just try adding money slowly to your account, it sucks and takes time. Had a little bit larger of an account starting out found that 500-700 per trade worked for me.

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FXBrad
FXBrad Nov 16, 16 3:54 PM

Thank you folks.

SebiSauce
SebiSauce Nov 16, 16 6:55 PM

Also try RBC Direct Investing. They have really good executions, never fails

WayneM1702
WayneM1702 Nov 16, 16 10:16 PM

I'm in the same situation and did quite a bit of research into this. I eventually opted with Questrade as they'll let me have a TFSA or RRSP in USD...plus no PDT (I've got less than $25k to start), different (and competitive) commission plans, decent platform, etc. The one caveat is I haven't started to use the account yet so I don't know how good/bad they are for executions and shorts.....there is some negativity about that from a few years ago but that noise seems to have quietened down.

FXBrad
FXBrad Nov 17, 16 11:55 AM

Thanks @cheesycheese72, let me know how things go with Questrade.

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