Search results

  1. Robert Morse

    Good News Reminder: T+1 replacing T+2 comes in May 2024

    Leverage is the BP you get based on your excess equity and your multiple. Trading on margin is the act of borrowing money to carry a position overnight. If your account has $10,000 in cash in a margin account or cash account, you can buy stock and short a call with a net payment of up to $10,000...
  2. Robert Morse

    Good News Reminder: T+1 replacing T+2 comes in May 2024

    Well, you can. You can do a covered call (Option Level 1) in a cash account. Sorry, but this is not accurate. You always use your money first. And using leverage and borrowing money on margin are not the same thing.
  3. Robert Morse

    Do you think you need to see the order book to be successful in day trading?

    The next level above L1+L2 is NASDAQ TOTALVIEW. This will show the Nasdaq market maker names not just "NSDQ". See attached. I only like seeing them on OTCBB or very small cap stocks. Otherwise, even more distracting. We only offer L2 on Lightspeed Trader but we offer NASDAQ TOTALVIEW on Sterling...
  4. Robert Morse

    Do you think you need to see the order book to be successful in day trading?

    We offer both full Level 2 depth of market and on Lightspeed Trader a Level 1 bundle that looks like below. You can see one level of each ECN and Exchange. Level 2 offers up to 30 levels of each. For me, I find more than one level distracting.
  5. Robert Morse

    Good News Reminder: T+1 replacing T+2 comes in May 2024

    I know that I'm old because of the number of times I need to search for your acronyms to understand your statements.
  6. Robert Morse

    Good News Reminder: T+1 replacing T+2 comes in May 2024

    That is true. I do think there will be sometime in the future where block chain is used for settlement, but we are nowhere close to that.
  7. Robert Morse

    Good News Reminder: T+1 replacing T+2 comes in May 2024

    Worldwide, many new to trading in US equities are unable to activity trade because of the PDT rule. Many CASH accounts trade options only for the leverage and next day settlement. This will help the cash accounts trade more often and avoid leverage they are not ready for. We get a large number...
  8. Robert Morse

    Thoughts on a few futures brokers I've used -- From a 25+ Year Trader

    I too have experience with several futures brokers including StoneX, Wedbush Futures and TDA. I have my own opinions on how to choose a broker and or FCM. And yes, this is my personal opinion and, in this post, I’m not going to push Lightspeed. There are smaller FCMs. One is a sponsor here. The...
  9. Robert Morse

    I didn't realize how juvenile and snarky most of E.T. was, but...

    Hi C.D.A.- The issues with your first post. It did not follow through. You claimed you had wisdom of trading at different brokers but then only briefly talked about IB with no opinions on what they excel at and what they do not. Yes, that will often bring out sarcasm here.
  10. Robert Morse

    Pair trades

    There are no offsets for pairs trades like that, even in a PMA.
  11. Robert Morse

    TWS IB vols

    ????
  12. Robert Morse

    How do you graph IV across different time periods?

    I no longer trade changes in IVOL based on Supply-Demand changes. When I did, I never looked at the entire curve. I looked at the differences between the 25 Delta call and put and cared when that changed from where it typically traded. That meant there where large orders to buy or sell changing...
  13. Robert Morse

    How do you graph IV across different time periods?

    3D is too complicated for me. This graph is from SILEXX. It has no value for me. When I was a MM I used LIVEVOL PRO to track current and past IVOL. I prefer data to pictures.
  14. Robert Morse

    Futures options in an IRA account

    I had a Futures account through Lightspeed/Wedbush using Midland IRA as the custodian. There is no restriction based on being an IRA this way to short futures or options on futures. Wedbush just does not like naked option sellers, so you need to buy something. You said they are expensive. I have...
  15. Robert Morse

    TrendSpider will be made available to all Lightspeed clients who reach out to request access to it a

    https://lightspeed.com/webinar/webinar-on-demand/the-power-of-trendspider
  16. Robert Morse

    Drawbacks of copying my own trades to other brokers?

    Your member's name says you live in London. I have no idea what the rules are in the UK or EU, just here in the USA. Here, dual registration is almost never done. You would need allocations from an unregistered prop firm and or multiple hedge funds. This is possible but hard to get. They don’t...
  17. Robert Morse

    Where you can get overnight leverage for options ?

    Options are not marginable, but a prop firm can provide whatever leverage they want as you trade in their account.
  18. Robert Morse

    Latency and Stop limit orders

    I have no way to determine the slippage on a STOP Limit order as there are way too many market conditions. It might fill on the bid, lower or just post. No way to tell. Priority on any ecn or exchange is based on the time it arrives at that price. A limit order through the price and a market...
  19. Robert Morse

    Options Trading Is Rigged Against Average Investors; Payment for order flow allows brokerages and b

    Our customers can access dark pools but dark pools do not take stop orders and a stop order is not hidden after triggered. You can’t combine these all.
Back
Top