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  1. Q

    Commission free trading with direct access

    Interesting. They can't make money on these via PFOF. So how can they guarantee fills at the official close? I suspect some of your orders will go unfilled.
  2. Q

    Shopping for new software / broker / data feed

    I don't see TDAmeritrade as one of the supported market data providers, so you would have to buy data from someone else.
  3. Q

    Commission free trading with direct access

    Are MOC/MOO trades free? If it is, l wander if these orders are guaranteed to be filled.
  4. Q

    Absolutely the best explanation of technical patterns

    I don't think we're dumb, it's just I think we live in a kind of a bubble separated from most of the world. I wasn't born in US so I can relate a little better to people outside of US. I remember I was traveling in Thailand and the driver was telling me how there are lots of road accidents...
  5. Q

    Absolutely the best explanation of technical patterns

    When I came to America and spoke no English, I thought Americans were the dumbest people. I was within a block of Key Food store and asked someone for directions. Of course I mis-pronounced it as K-Food. The lady said there's no such store around here :). Now when someone makes similar mistake...
  6. Q

    Options strategy feedback: SPY options / vertical spreads

    Well, it's not that I don't want to help, it's that I'm afraid to tell you something that is completely wrong and/or misleading :) Just because I know there are many way more knowledgeable people here. So you've been warned. Whoever bought this option from you did not buy it so they can...
  7. Q

    Options strategy feedback: SPY options / vertical spreads

    I don't think theta even matters with weeklies in your case. I think these are pure gamma plays - a binary outcome. Also, I think mentally, you will drive yourself crazy with this strategy. So many decisions to be made in short amount of time. Well, my friend, this issues I'm very familiar...
  8. Q

    Options strategy feedback: SPY options / vertical spreads

    Your first description was clear as well. I've attended a chat room where the guy day traded weeklies but only on long side and only single legs. I am the last person to give you advice on options, but fwitw, I think you will have losses which will wipe out multiple days/weeks of your wins so...
  9. Q

    Some Suggestions for Margin Calculation of Option Spreads and more

    This is a nice tool, just fyi. I think most brokers would follow this guideline. http://www.cboe.com/trading-tools/calculators/margin-calculator
  10. Q

    Options strategy feedback: SPY options / vertical spreads

    May I ask you, if you had access to enough capital, would you simply day trade the underlying?
  11. Q

    Is "Smart" order routing a sucker's play (for either fees or execution?)

    US Equities exchanges do, but not Options exchanges (as far as I know). The hidden equity orders are getting rebate for providing liquidity but rebate is smaller than for the displayed order.
  12. Q

    do you trade around round numbers?

    Sure, why not.
  13. Q

    Improving execution on IB order

    That can work as well. I don't really understand why you even need it. What if you get filled between the spread but the bid and ask immediately drop?
  14. Q

    Improving execution on IB order

    I was referring to below. One of the great features of IB is that even their smart router is configurable. Make sure the highlighted check box is UN-checked as below.
  15. Q

    Improving execution on IB order

    Yes, but doesn't have to be dark only. Just make sure dark pools are included in smart route you use, I believe they are by default. Basically, you cannot get this price improvement unless the pros are willing to give it to you.
  16. Q

    Improving execution on IB order

    You are sending order using SMART? Make sure to include Dark Pools.
  17. Q

    Is "Smart" order routing a sucker's play (for either fees or execution?)

    Oh, so no one wants to be liquidity taker I guess. Why don't you lift his offer when it's lowered to the price you wanted?
  18. Q

    Improving execution on IB order

    So you are trying to get improvement of less than $0.01? Or you are asking when the spread is wider? https://www.interactivebrokers.com/en/index.php?f=1058
  19. Q

    Is "Smart" order routing a sucker's play (for either fees or execution?)

    Sorry, what did you mean by that?
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