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  1. Robert Morse

    Confusion about ATH E-Mini at Thinkorswim

    Future trades at a discount to the cash.
  2. Robert Morse

    Independent Option trader

    My fault, I went back and add some words to make it clearer. I have option traders, RIAs, CTAs and hedge funds as clients that make money from trading options. I have some that don't. It was a silly statement made by tradelosses. Options do require more knowledge and experiance so it is harder...
  3. Robert Morse

    Confusion about ATH E-Mini at Thinkorswim

    The "Cash" market is SPX. Not sure what "ATH" is. Show a screenshot of what you are looking at.
  4. Robert Morse

    Independent Option trader

    Maybe the way I phrased it was confusing. I was asking him why he said that.
  5. Robert Morse

    Join a webinar to find out more about the new Lightspeed research tools powered by Tipranks

    Register for Webinar New Trading Research Tools with Lightspeed Powered by TipRanks Free Webinar Wednesday, November 16th at 12:00pm ET Lightspeed now features research capabilities powered by TipRanks. This webinar will highlight the new functionality available within the platform that lets...
  6. Robert Morse

    Lightspeed Trader Demo

    Anyone want to try a lightspeed trader demo? https://www.lightspeed.com/trading-platforms/lightspeed-trader/platform-features/ Just email me your Name and Phone# and I'll send it out. It will be enabled for 1 week. Bob robert.morse@lightspeed.com
  7. Robert Morse

    What is your Sharpe?

    Thank you. I'm going to contact them to learn more and see if our clients would benefit from this service.
  8. Robert Morse

    What is your Sharpe?

    Do they charge you for the analytics or only if they raise AUM for you? Or, to set up your CTA or RIA? Where do the fees come in? I can't find that on their website.
  9. Robert Morse

    What is your Sharpe?

    A "third party marketer" helps raise AUM for a % of your fees. How do they make money? What do they charge you for?
  10. Robert Morse

    What is your Sharpe?

    Fundseeder is a third party marketer?
  11. Robert Morse

    Pattern Day Trader Margin Question

    A day trade is when you buy and sell in the same day. You only have overnight balances when you don't day trade and hold an overnight position. You are only charged interest if you hold an overnight position that exceeds your ability to pay for it and your broker has to loan you money...
  12. Robert Morse

    Pattern Day Trader Margin Question

    Your broker will only charge you to borrow money overnight, not for DT. Same for short stock fees. And, you are NOT borrowing funds overnight unless your debit balance exceeds your cash. eg $60,000 account, hold $90,000 worth of stock overnight, they will charge you interest on $30,000 only...
  13. Robert Morse

    Pattern Day Trader Margin Question

    Correct. Only relevant for a CASH account, not margin. In fact, when you DT, and close positions, you recapture your BP. e.g. Buy $150,000 of SPY, sell $150,000 of SPY. You can do this all day. After you close the DT, your buying power ticks back up. The only exception is closing a position...
  14. Robert Morse

    Pattern Day Trader Margin Question

    You are making this too complicated. If approved for 4X: Account value: $60,000 DT buying power= $240,000 Overnight=$120,000 The next morning, they will tell you what your DT is for that day. They will take your current liquidating equity-any margin used overnight and do the same math above...
  15. Robert Morse

    What is your Sharpe?

    In my experience, much of the risk comes from liquidity risk during the event. In August 2015, option market in ES and SPX were very wide and thin. If you get a call during this event, you will lose a lot of money.
  16. Robert Morse

    What is your Sharpe?

    I agree. Not right for everyone. I traded professionally for 25 years and selling cheap OTM options was not my thing. I have 4 CTAs that have an allocation from me, 2 trade options in ES. One sells naked options but not low priced options and one sells credit spreads . They are up 28%(12 months)...
  17. Robert Morse

    What is your Sharpe?

    He does not typically trade before the open. He mostly trades during US normal equity trading hours. He was only using 35% of margin that night. His nearest short put was that friday's 1900 put. He only goes out one week at most.
  18. Robert Morse

    What is your Sharpe?

    Not a client of Lightspeed. I introduced investors to him. They have done very well over the years. Two bad months since 2009. I have had accounts with him since 2012. Naked options are not right for everyone. These clients are QEP and understand the risk.
  19. Robert Morse

    What is your Sharpe?

    Naked Option seller in ES options. His Sharpe was 6 before having 2 bad months in 2015. August and October.
  20. Robert Morse

    What is your Sharpe?

    I have a CTA I've raised money for that has a Sharpe ratio of 2.6 with SMA of almost $200mm with total assets of over $300mm. A Long/Short manager with around $1.5mm building his track record, last I asked, he was at 2.1 after 3 years. Another CTA with a Sharpe of 2.22 with SMA AUM of around...
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