Search results

  1. Robert Morse

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

    They left as market makers not as traders. No edge left for locals.
  2. Robert Morse

    Request advice almost blew up account

    Why?Why not move on? I had a friend that rode a stock from 300 to 1. I asked why she did not sell for months and she said I don’t want to take a loss. I don’t understand that as except for taxes, she lost money the day she bought it. My suggestion is that you learn to take losses and move on...
  3. Robert Morse

    CME down for nearly 7 hours?

    CME had connectivity issues last night but I was told that was resolved.
  4. Robert Morse

    Robinhood options errors

    I assume we are still talking about Listed Options. I would call all market orders of any kind that is not a "pick off", to many to define, good order flow that a MM can make money off. There is too much focus in forums on what your counterparty will get from your order and not enough focus on...
  5. Robert Morse

    Robinhood options errors

    4 Seems like a lot. What is your main job that requires that?
  6. Robert Morse

    Anyone heard of Uncovered Options Trading System?

    I took a quick look. Seems too good to be true, so I would be cautious. I would want to know for an account of $100,000, how trades would be allocated, what returns would be for the entire account, not for each trade which is confusing, and what verification they have for past "returns." If...
  7. Robert Morse

    Who is wrong, AMP or the CME?

    My mistake, $6600 is correct. Wow, DT margin is only $400.
  8. Robert Morse

    Who is wrong, AMP or the CME?

    You are looking at Maintenance Margin on the CME not initial. $6800 is correct.
  9. Robert Morse

    Starting a public fund

    Unfortunately, these products require a large balance sheet and the relationships in place. You can't do it on your own.
  10. Robert Morse

    Starting a public fund

    I think that will be the problem, and he knows it. Very few traders have experiance in these products and the ones that do either work for large banks or large hedge funds. He needs to find that talent and draw them away looking for those with an entrepreneurial spirit. Then when you consider...
  11. Robert Morse

    Starting a public fund

    destriero, You might want to PM sle. He know traders in that space.
  12. Robert Morse

    Starting a public fund

    They are looking for those that can earn $800k on the allocation per year, you get 15% of that. Plus, the products are not retail oriented.
  13. Robert Morse

    Was counterparty risk high enough to worry about for futures exchanges during 2008?

    When you hold a futures position "over-night" where the SPAN margin is $100,000: You have to have $100,000 in equity. Your FCM has to put up 8% more or $8000 from their equity. If your account were to go below zero, the FCMs balance sheet would get hit next. After that, the CME would have to...
  14. Robert Morse

    What is "after-hours trading"?

    I would say early morning index trading is from Asia and then Europe vs heavy stock activity pre-market.
  15. Robert Morse

    What is "after-hours trading"?

    Depends on your broker. With Lightspeed, our servers are down outside trading hours. Many online brokers will hold orders on their server until the exchanges and ECNs open their pipes. We do not as we do not want to "hold" orders.
  16. Robert Morse

    What is "after-hours trading"?

    You would have to ask them. We offer that range on Lightspeed Trader, Sterling Trader Pro and Realtick.
  17. Robert Morse

    What is "after-hours trading"?

    Stocks trade on ARCA and NASDAQ from 4am to 8pm ET.
  18. Robert Morse

    So what works then?

    IMO, this should be this focus for most successful retail option traders. Have a process to predict where a stock will or won't trade over a time period. Then, based on current option pricing, with a process to predict option prices over the same time period, use the option strategy that best...
  19. Robert Morse

    Averaging trades on Interactive Brokers

    Does it have to be a percentage? On our platforms, you can enter a stop or stop limit to open. I assume that will work with IB too. Buy 100 XYZ 10.50 Stop.
  20. Robert Morse

    Futures open interest

    The CME does not track OI by the cost of each trade.
Back
Top