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  1. rmorse

    4-1 leverage?

    Sorry, I'm not familiar with what non-US brokers do. I suppose that can do whatever their regulator allows.
  2. rmorse

    4-1 leverage?

    -To daytrade, you need $25,000 in a Reg-T account that morning before you trade. -With $25,000, you can have up to $100,000 in buying power (BP) that day. -BP is set each night before you start trading. Trading profits don't affect BP until the next day. My knowledge of portfolio margin is...
  3. rmorse

    Ironhorse trading chair

    That look very comfortable. In my home office, I'm using an old dining room chair with arms. Do you know what they cost? I did not see a price sheet.
  4. rmorse

    Broker with free ICE data

    We can offer a retail account. We also offer exchange spreads on all the platforms we offer including Real tick and CQG. This is what Real Tick charges. https://emsportal.ezesoft.com/rtdata.aspx There will be a non-pro questionnaire. Based on your prop firm involvement, you might have to choose...
  5. rmorse

    Broker's wash sales not calculated correctly

    I have had clients in the past use Taxes Gainskeeper to calculate their wash sales and help with taxes for active traders. They have all liked the service. http://www.gainskeeper.com/ As an alternative, you can speak to an accountant to see if you should consider MTM accounting...
  6. rmorse

    hedging a portfolio against a black swan

    I wish I could, but I'm not allowed to give trading advice and for the advice to make sense, I'd need to see a sample of your current portfolio. Anyone here that offers any advice without seeing details will not be able to provide what you need.
  7. rmorse

    hedging a portfolio against a black swan

    Unfortunately, all hedges have a cost. Only you can weight that cost to your performance.
  8. rmorse

    Try the Lightspeed Trader demo today!

    Yes, for Lightspeed Trader-$25,000 USD-Account must stay over $25K to day-trade, so I would suggest a little more. If you are from France, and you want to give us a try, email me your name and contact information and I'll send you out the new account forms for foreign accounts. Only domestic...
  9. rmorse

    Option Trading Tools

    PM is one. The big one is that every broker a Canadian resident does business with must be registered in Canada as a broker. I don't have this restriction with other countries. Lightspeed is not a registered broker in Canada so I can't offer accounts there. It means you have less choice with...
  10. rmorse

    Option Trading Tools

    Why would being from the UK create any restrictions with regard to equity or option trading or access to markets? I'm only aware of restrictions from Canada. bob
  11. rmorse

    Margin Account?

    Cash account-You get your buying power back in 3 days. You MUST wait for it to settle. Margin account-You get your buying power back after you close a position, at that moment.
  12. rmorse

    Large Trader Registration

    I'm not sure why the larger trader rule would define why you would choose to be an individual trader or use an entity. They are independent decisions that are unrelated. When I was a full time trader, I choose a single member LLC to protect my assets outside the LLC, give me the opportunity to...
  13. rmorse

    How would a programming job for a big financial firm affect day trading?

    It's 100% up to his employer what he will be allowed to do. It will vary from employer to employer. He will have to ask. Every brokerage firm application asks if you or a member of your immediate family are an employee of a broker-dealer. If you say yes, they are required to get a 407...
  14. rmorse

    Option price

    The delta of an option is where you will get that estimate. Keep in mind that the assumptions that go into the value of an option, can change at any time so it's just an estimate. 25 delta, stock up 1 point, option up .25. Stock down 1 point, option down .25 as the stock moves, time passes...
  15. rmorse

    How would a programming job for a big financial firm affect day trading?

    When a registered employee of a broker dealer wants to open an account for their own trading or where they will have any authority over anyone else's account, their employer must approve the opening of the account and get monthly statements.
  16. rmorse

    Option - Vertical Spread execution

    You have to find a price where you are willing to sell and someone else is willing to buy. You have not found that yet. You are valuing the spread at the midpoint, and no one yet wants the other side. You will have to either wait at your price or change it.
  17. rmorse

    Margin Account?

    Incorrect. If I buy the stock and borrow on Day 1 and sell it on day 2, I will get charged for one day of borrow. I was just pointing out that they internally they calculate this based on settlement date vs trade date. That might have been too much information.
  18. rmorse

    Margin Account?

    I can only express what is typical, not what your broker will do. Eg Margin account with $100,000 You buy $150,000 worth of SPY You are borrowing $50,000 from your broker to buy the SPY. (50K*4.75%=$2375 yearly) From settlement date of the purchase to settlement date of the sale, they will...
  19. rmorse

    Option Strategies equal to Writing Put

    Buy-write Buy 1000 XYX and sell 10 Calls in XYZ
  20. rmorse

    Option margin calculator for Reverse Conversion (and other strategies)

    Correct, but don't confuse zero delta with zero risk.
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