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I disagree. There’s no point for these companies to support real trading operations, which is costly, when they know 98% will fail within a year. It’s a way to filter out gamblers at low cost. Once a person passes their tests, he/she will get a shot with prop firm. I don’t know for a fact...

I believe this is due to regulations. It’s crazy to me that people are complaining about a service which can give them a chance to trade real money without any track record. You can put yourself through all the tests using TOS free paper trading account. The real problem is that, just like...

No, trades trigger orders. Think about it this way, someone can ask $3000 for a comic book on eBay, but it’s worth that much only after someone actually pays that sum. Until then, it’s only worth what it actually sold for last auction.

@Deva, is it possible just to buy your own or use your phone’s?

How are these related? I don’t see how this is a black eye for the whole “we will fund you” industry.

@realtrades, do you have any issues using IB trading low floats? Are you using aggressive limit orders at all?

Enough of this silliness, buy the dip continues ... https://www.bloomberg.com/news/articles/2020-09-08/investors-buying-the-dip-pour-billions-into-two-nasdaq-funds

Hey, just curious, if you are able to comprehend dest's advice and understand synthetic flies and such, you must not be complete "moron" when it comes to options. Sounds like you have the knowledge but lack experience?

@pointbob, it would be much appreciated if you could let us know what happened. Did you get margin call? Did you try selling calls? Just share whatever info you’re comfortable with please.

Can any of your system pass the TopStepTrader or Earn2Trade, etc? I think it’s your best bet. I think none of real prop firms (like HRT, Jane, etc) will take you seriously and they don’t fund traders anyway. There are lots of issues with settings up private funding and, personally, I would...

Because sending a single 5000 visible order to a single venue pretty much guarantees that the only way you will get filled is when the price will move significantly against you(adverse selection ). Also, if you get partial fills and decide to move the order, you will incur another ticket...

Right. This is a great and very useful thread due to ET heavyweights’ contributions. I am far from it, but since I have been in this situation a few times, I would like to contribute my $0.05 (although I never faced margin calls) Since I am more comfortable with trading underlying, I only sell...

Wouldn’t margin on 20 naked calls be substantial?

The scam was prior to zero. Here is how: Before Robinhood: 1. Customer sends order to broker 2. Broker sends order to HFT 3. Broker collects commission from customer 4. Broker collects payment fo order flow from HFT After RH: same except #3 is zero! For 99% of retail traders, this is the best...

Which strikes would you choose and based on what? I assume above 405 at least?

What does this mean?

I thought per-trade plans are not eligible for rebates but don’t incur liquidity taking fees either. Otherwise, why not just pick per-share plan? Sending a single 5000 share liquidity adding order is not a good/realistic example.

@rtw, do you have strategies which are day trades only? In other words, you have to exit position daily prior to settlement and optionally re-establish after settlement. This allows for better margin. Also, what is the software you are using for automation?

No, DAS is just a front, the broker is still IB. You need something closer to what HFT-like use - Lime or Instinet. However, they may still charge you extra.

Would you mind explaining what makes it “monumental” - this never happened before at such scale? Trying to put this in context.