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  1. Robert Morse

    Having trouble deciding on a broker??

    I'd say Lightspeed Trader is worth looking at. Even though we have a MAC version, it is old and we are looking to update it this quarter. I would only use our WIN OS version. We pride ourselves on speed of execution, choice of routing and offer both per share or per trade commission rates. Email...
  2. Robert Morse

    Reverse trend correlation?

    IMO, there is no mathematical way to show correlation or causation from your description.
  3. Robert Morse

    Does T3 ever provide capital, or just better leverage? I don't use more than 5x anyway.

    I'm not aware of any relationship with SMB, and if there were, I would not be able to tell you. If you are asking if they use the platfrom Lightspeed Trader, that would not be a question for me, but Sterling Trader Tech, the owner of Lightspeed Trader.
  4. Robert Morse

    Does T3 ever provide capital, or just better leverage? I don't use more than 5x anyway.

    I met with Seth Freudberg, Head Trader of SMB Options Trading Desk back in 2011 when he joined SMB to set up their option education. I was looking to offer brokerage to the group. He was located in T3 offices and told me they would likely leverage their relationship when they start. Unless...
  5. Robert Morse

    For profitable traders only...how much is your strategy worth?

    It was a general response. There are too many variable to help you sell something we no nothing about including who is doing the selling.
  6. Robert Morse

    Reverse trend correlation?

    Whisky and good decisions.
  7. Robert Morse

    How long it took until you find the right trading software?

    For Options, I prefer CBOE Silexx: http://www.silexx.com/resources/manuals/ http://www.silexx.com/ Best Option software, in my opinion, I have ever used.
  8. Robert Morse

    For profitable traders only...how much is your strategy worth?

    This is not enough information.
  9. Robert Morse

    Reverse trend correlation?

    VIX and SPX have an inverse correlation. I've heard GLD vs USD - but have never reviewed the data.
  10. Robert Morse

    Reverse trend correlation?

    Inversely correlated.
  11. Robert Morse

    Life after the pits: how ‘dinosaur’ traders are reinventing themselves

    Old traders never die, they just change clearing firms.
  12. Robert Morse

    Creating a commercial account for your LLC type trading vehicle

    I want to alert you all to a new issue for those that are non-pro market data eligible. When you open an individual account at any US broker avoid using a business email address, Avoid using language on social media that reflects you being a professional. The New York Stock Exchange has taken...
  13. Robert Morse

    JP's options journal

    That is a .27 delta with 43 days to go. May I ask how many you bought? BTW, earnings are tomorrow in the morning.
  14. Robert Morse

    JP's options journal

    I like it. Simple and straightforward. What is your process for choosing the strike and time to expiration?
  15. Robert Morse

    First Brokerage Advice

    This looks to me like Level 1 data, Level 1 provides 1 level of each ECN/Exchange. Level 2 shows depth at varies prices within each exchange like NASDAQ. Like this:
  16. Robert Morse

    First Brokerage Advice

    Yes. I'm a sponsor on Elite Trader promoting our services. I'm not hiding that. Take care. Bob
  17. Robert Morse

    First Brokerage Advice

    He is a day trader so I was discussing locates not borrows. All stocks held short overnight have a borrow rate. TLRY was generally available on the Short locate feature from Velocity Capital but not for free on days that it was not a threshold stock. Wedbush had very few shares to offer...
  18. Robert Morse

    First Brokerage Advice

    RKJSF, I'd like to add Lightspeed to the mix. There is no reason why you need to have a walk in location to get a great broker. Lightspeed Trader would offer fast access to US Listed Equities. You can choose from a per trade or per share rate. We introduce to Wedbush Securities where your...
  19. Robert Morse

    Does T3 ever provide capital, or just better leverage? I don't use more than 5x anyway.

    I agree but not everyone qualifies for PM Futures are not PM eligible but SPAN margin is also risk based. Because Futures have natural leverage and there is no PDT rules, there is little incentive for a futures day trader to join a futures prop firm (Unless they require the prop firms...
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