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  1. Robert Morse

    Options Trading: Minimizing Friction Costs?

    As a stock replacement, I prefer to look at the options with about a 70 delta. There is no science behind my preference. Even in liquid options like SPY/AAPL, you will still have to work your order vs market orders to get fair price discovery and keep you entry and exit prices from eating cost.
  2. Robert Morse

    How do I get a job at proprietary trading firm?

    Look, it not impossible. Can’t hurt to apply. The reality is these prop firms want fresh, smart students right out of top schools with more than basic math and programming skills. They have a selective process for choosing summer interns. From the summer interns, they take the best and the...
  3. Robert Morse

    How do I get a job at proprietary trading firm?

    SIG has poker nights and poker training as they feel it helps trading. https://www.sig.com/campus-programs/campus-recruiting/
  4. Robert Morse

    How do I get a job at proprietary trading firm?

    They are not looking to teach that. Are you looking for honest answers or for people to tell you what you want To hear. You simply don’t have the background they are looking for. You can join any Prop firm where your money is first loss if you don’t have a criminal background and you are...
  5. Robert Morse

    How do I get a job at proprietary trading firm?

    SIG also fines value is professional poker players because they have learned logic and Odds.
  6. Robert Morse

    How do I get a job at proprietary trading firm?

    There are two types. One were your money is first loss and one where they back your trading with their capital. The ones where your money is first loss, well they allow just about anyone to join. You only make money if you make money. The ones where they back you are looking for those with...
  7. Robert Morse

    Which is better: day trading or trading option strategies

    Sounds like you are doing great. Wouldn't change a thing.
  8. Robert Morse

    Which is better: day trading or trading option strategies

    The way you state your question it assumes you have a process for making money with either one. I would suggest you learn both and do what fits the market at that time.
  9. Robert Morse

    Stock Exchanges to Test Trading Minus Rebates Seen as Posing Conflict

    If the purpose of the sub penny is to step in front of customer orders, I agree. I could see an implementation of 1/2 pennies for stocks under $5 to tighten spreads for all.
  10. Robert Morse

    Stock Exchanges to Test Trading Minus Rebates Seen as Posing Conflict

    I agree. I would say that in general, the maker taker model causes confusion and higher fees for the average retail account even though I have many clients that only add and get paid.
  11. Robert Morse

    Profitable on paper, losing money live! Fear plays a big role.

    It is best to write down a set of rules to trade by. Read them out loud before you enter your first trade every day and have them right in front of you all day.
  12. Robert Morse

    Profitable on paper, losing money live! Fear plays a big role.

    Because if you're risk too much of your trading capital on each trade, you will set stops that are to short, trade out of good set ups too soon, and run out of funds faster. Then you get issues with those that have too much money. They have no fear, never exit when they should and do not...
  13. Robert Morse

    Profitable on paper, losing money live! Fear plays a big role.

    What size are you trading and what is the size of the live account? -maybe you need to play smaller. Are you automated or manual? Maybe you need to be automated? I do not expect you to respond, just think about it.
  14. Robert Morse

    Best broker for day trading Commodities & Indices?

    We offer Futures with accounts starting at $25,000. We offer a max of 25% of SPAN for DT. Software is either Realtick or CQG QTrader. Commissions start at $0.60/Future plus a pass through of all platfrom, regulatory, exchange clearing and market data. Email or call me for more information...
  15. Robert Morse

    Notebook for thinkorswim. GPU / CPU

    I agree unless you are using other programs that require video resources.
  16. Robert Morse

    Selling SPX boxes for interest

    Type 1 CASH Type 2 MARGIN Type 3 Short Stock
  17. Robert Morse

    Selling SPX boxes for interest

    Not sure what you mean by that so I'll provide some details. Some institutional accounts get paid on credit balances in a type 2 margin account and all market makers do. Many retail accounts do not get paid on type 2 credit balances and if they do it is nominal. Where a retail client can benefit...
  18. Robert Morse

    Notebook for thinkorswim. GPU / CPU

    I would say that any internal card that moves Video calculation away from the CPU is better than using the CPU.
  19. Robert Morse

    Notebook for thinkorswim. GPU / CPU

    I7 is overkill. I5 Quad core with enough RAM is fine, I would want 12GB or more.
  20. Robert Morse

    Najarian Brothers... having previously exited the options biz... back again?

    Hard to tell unless there is a relationship to the length of your pony tail to earnings.
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