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  1. Robert Morse

    ITM put Exercise Question

    The OCC does not look to see if the shares are ETB or even Threshold. They are contractually obligated to follow their rules and your contract.
  2. Robert Morse

    Investment Pitch Book

    I can help with that too. Some Admins have programs for start up hedge funds where they offer limited services at a lower rate.
  3. Robert Morse

    2. Where is my mistake in the VIX of the CM E

    This is an IB forum. Some of "what you are doing wrong" may have to do with IB's API symbology or data source. Based on the responses, I think it is important to clear up that the VIX is an index. The VIX is not a tradeable symbol. The CBOE trades VIX options only. The CFE, owned by the CBOE...
  4. Robert Morse

    Investment Pitch Book

    It is important to understand that a hedge fund is not just about trading. It is running a business that not only needs a good product, but also needs to understand their target market and how to market to them. Most think it is about just being a good trader in their personal account. You are...
  5. Robert Morse

    Investment Pitch Book

    I can't say I follow you. I'm currently an investor in 2 Hedge Funds. They are both 2/20. One has about $16mm in AUM and one well over $100mm. I have invested in a number of others. I look for low, steady returns. There are funds that charge 1/30, 1/40, 1/50. They have too much risk for me. If...
  6. Robert Morse

    Best News API

    I have never understood why some here do not come up with solutions when someone needs help finding a tool. They only tell them it is a waste of time. I think news is important. I used a streaming window, but some use the API to trade breaking information. If they can set up code to evaluate...
  7. Robert Morse

    Can someone explain ES intraday margin to me?

    Your P/L has nothing to do with your margin required to enter the trade. Maybe you should check this out before trading. https://www.cmegroup.com/education.html
  8. Robert Morse

    Can someone explain ES intraday margin to me?

    $1510 is 10% or 10x if that was the margin on the trade. As I told you, full is $15,180. 10% is $1518.
  9. Robert Morse

    Can someone explain ES intraday margin to me?

    You are looking at this like an equity. If you go to the CME website, you see maintenance margin on ES of $13,800 today. The initial margin is always 1.1X the maintenance or $15,180/future. https://www.cmegroup.com/markets/equities/sp/e-mini-sandp500.margins.html This is what the CME requires to...
  10. Robert Morse

    Best News API

    When I was trading fulltime, I used Newsedgev8 by Acquire media. It was bought by Moody's. It is now called NewsEdge Alerts. I have a contact there if you want to email me directly. https://newsedge.com/alert/ Lightspeed Financial Services Group LLC. is not affiliated with this service...
  11. Robert Morse

    Investment Pitch Book

    I can email you a few, but not here. I was looking to invest in some in 2022. I can send you those as samples. rmorse@lightspeed.com
  12. Robert Morse

    Investment Pitch Book

    In general, investors like to see a single page tear sheet showing P/L by month after fees from real trading with some basic metrics. Grab a few hedge fund tears sheets as a sample. The Pitch book, should include a bio for you and others in the company. A general description of your strategy...
  13. Robert Morse

    Continously selling calls on VXX....

    If such easy money, go for it. Let us know how you do.
  14. Robert Morse

    Continously selling calls on VXX....

    Do you have the equity required to cover that spike and the margin your broker will require? What if they could not reach you and bought you in between 80 and 90. It works until it doesn't.
  15. Robert Morse

    What's your largest losing day in futures daytrading?

    Mine was 45% of my Roth.
  16. Robert Morse

    What's your largest losing day in futures daytrading?

    To be fair, it was not "my" trading, but it was my money. I had invested in 3 CTAs with programs. Two we selling naked puts. That day in 2018, the VX future traded from about 17 to 33 in 2 minutes from 4:13pm to 4:15 PM. A VIX ETN was shutting down and needed to buy back their VX futures. I...
  17. Robert Morse

    What's your largest losing day in futures daytrading?

    February 2018. About $75K
  18. Robert Morse

    Futures account is rejected by FCM (Futures Commission Merchants)

    Depends on the reason. The website is anonymous, care to post why?
  19. Robert Morse

    Are there brokers that do not apply price caps?

    Can you provide a simple example? Are you trying to buy or sell stock with a limit more than 10% through last sale?
  20. Robert Morse

    Poor Fills on Firstrade

    Your profile does not say where you live. If you are trading equities from NJ, well under 50ms is reasonable. If you are overseas or further away, you need hosting or an AWS desktop near NJ to get under that. We can’t control your internet path to our servers in NJ. But once your orders reach...
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