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Stuart Cracraft
 

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This proved very helpful for setting the system able to trade Penny Stocks.

Very pleased with IB and plan to continue the paper-trading POC (now up 275% annualized as of the 12 trading days prior to today.?

But as one of you said, a 6 month (or more) POC/paper test is necessary to get it through different markets.


 

Yeah that looks about right.

They canceled my POC?account for lack of funds.? Shrug.? I'm going to probably just move on, there were far too many long running disconnects.? Very unreliable system.

On Thu, Jan 21, 2021 at 2:46 PM Stuart Cracraft via <smcracraft=[email protected]> wrote:
This proved very helpful for setting the system able to trade Penny Stocks.

Very pleased with IB and plan to continue the paper-trading POC (now up 275% annualized as of the 12 trading days prior to today.?

But as one of you said, a 6 month (or more) POC/paper test is necessary to get it through different markets.


 

When you go for a "real" account you always have access also to Paper account, working as does your real account (Time and speed)
You can run Real/Paper simultaneously and TWS allow to keep your connection "Read Only" which is a good first step going to real

You need to put some money to open a real account, it's an investment, not a cost. Aside of monthly fee for feeds and exchange (also you may need to subscribe to "Boost" to get more data) think about ~100 if you do NOT make any real trade (Trade cost is bonifying your monthly fix fee: voiding most of it if you trade a little)

Nothing will prevent you of closing it in couple of months. (But could be good to know why you feel you need to close it, I wonder :-)? )

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Advice:

You need to put 25K USD, to avoid the "Pattern Day Trading detected" 'error' (That's not an IB limitation, it's the law, ~not more than one trade/ticker a day if < 25K US)
Because one way or another you will enter real trading, so be prepared and enjoy the thrill switching from Paper to Real!


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