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Find a better platform. https://www.lightspeed.com/trading-platforms/lightspeed-trader/platform-features/ We need $25K USD to start. For a day trader, $30K makes more sense.

What broker? What software?

Sounds like you do not like either overall.

There were certainly a large number of traders that let others price the bid/offer spread and just participated with the volume that met their needs. On the Amex, you were on parity with other market makers by either always being on the markets or verbally making a market when the brokers walked...

I was on the Amex Floor from 1982 to 2010. It was not as physical or as cut throat. We also did not have the same leverage in equity options as the future so the P/L swings were not as big. We also had rules that allowed little guys-like me-to be on parity with the big traders. It was still a...

I was being sarcastic when I said 30 min. Last week I got the request from two different clients to set their max loss to $500. Both requests were completed in under 5 min.

Nothing wrong with 0/25, just understand that you will have monthly costs you will need to cover.

Then I would consider only trading ES futures and Options.

275 call has a 100 Delta. You are long 10 that is 1000 Delta. Why not exit the SPY or short SPY stock which is a hedge and provides margin relief while ES does not. I would not use ES to hedge this. I believe this to be true. 1000 SPY = 2 ES Futures

We have a scanner built into both Lightspeed Trader. https://www.lightspeed.com/trading-scanner/

mr_byte31, IMO you learn nothing by mimicking others traders. You need to learn a process that works for you. Bob

20%

Close, separately managed accounts.

A hedge fund can trade both but might be subject to regulatory requirements from both. It would be best for a CTA to stick to just futures which are easily managed with SMA and are all 1256 contracts. A CTA that creates a fund is a CPO which requires more regulatory requirements than being a CTA.

The investor can set up an account for them that they own or their entity. The investor can provide you a POA. So far so good. Now, as a California resident with a place of business in California, to get paid a fee....You are subject to California State Securities laws to determine if you must...

Pattern day trading is FINRA rule enforced by FINRA over US registered Broker Dealers. As far as I know, FINRA has no jurisdiction over foreign brokers doing business with foreign customers, even with US listed securities. In fact there are brokers outside the US that provide leverage not...

That is because we do not offer CFD or forex. We do offer future’s but not in the same account as securities.

We can do this if you only trade US Listed Equities/options. Bob

What do you trade that this would make you want to sit out?

You are happy at IB, I get it. Then stay. More than 50% of my current clients moved from IB. I guess they were not as happy as you. The common complaint from IB clients are customer support/communication/TWS/Auto liquidation/risk fee. And, in many cases, my rates are lower.