My dad is one of those, and he is looking for a brokerage account. Apparently IB charges an inactivity fee for traders who don't trade, and I was wondering if someone out there is in the same position as my dad and has some advice, e.g. a good broker that works for them.
....ad nauseum to people who couldn't care less. [more]
I've argued before that shorting pairs of 3x leveraged ETF's is not free money, as some have thought. However, red thumbing them on CAPS is free points, and better yet, free accuracy (yay! I'm 90% accurate!). Without facing a margin call, the CAPSter can wait out any prolonged unidirectional move on one side of one or two pairs while the other side makes him "accurate" over and over again and the other pairs make him very accurate, and the points will, on balance, probably work out okay for him too, especially since closing picks and reopening them puts compounding to work for you on red thumbs in CAPS. [more]