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  1. Robert Morse

    Day Trading Options

    This is a trading decision for you based on what you see. Lower delta options often have tighter spreads but you have to buy more to get the same delta. You will have to learn that on your own.
  2. Robert Morse

    Day Trading Options

    100 Delta options have wide spreads. I prefer about 75 Delta. If I buy an option for say $4.00 with 1 week to 2 weeks to go, I know that is the most I can lose and I never allow them to go to $0. To be clear, I'm not generally a day trader. This type of trading is popular with cash accounts as...
  3. Robert Morse

    Day Trading Options

    I would trade ITM options because I do not like to use STOP orders and want to limit my downside. I would not trade OTM options because I have had very little success with them as a directional tool.
  4. Robert Morse

    Dangers of shorting stocks

    For me, it is not just the limited risk of a long put that works better to me but for most retail clients, the cost to carry short positions over a period of time is likely more than is priced into a ITM put that a market maker prices in and the long put avoid the buy-in risk from a stock...
  5. Robert Morse

    Dangers of shorting stocks

    Long Puts instead of short stock.
  6. Robert Morse

    CFD vs futures - fully segregated account

    I care about counter-party risk. I prefer the counter-party being the CME vs a single broker. I would pay more and sleep well.
  7. Robert Morse

    CFD vs futures - fully segregated account

    We only offer Seg accounts at Wedbush Futures but at this time can't offer futures accounts to EU members.
  8. Robert Morse

    Direct routed order execution comparison?

    Kaga- I'll add Lightspeed Trader in addition to Sterling Trader Pro, I have no knowledge of DAS, excel at fast order entry with configurable order tickets, hot keys and hot buttons. This helps an active trader get the order out of the software fast. The speed of execution is dependent on other...
  9. Robert Morse

    Wash Sales Question

    I'm not an expert on this. I'm not sure you can rely on tax advice here. GreenTraderTax are the experts on this. https://greentradertax.com/frequently-asked-questions-faqs-on-wash-sale-losses/?highlight=wash%20sales. It might be worth a consultation with them. Lightspeed Financial Services...
  10. Robert Morse

    Free commission broker API?

    It is unlikely you will find a broker with free routes with minimal execution lag. Equity market makers have no incentive to be fast.
  11. Robert Morse

    Maximum Order Sizes on IBKR

    What type of size are you looking to enter with a single order? Are these penny stocks? Our limits are based on account size. They are set by compliance.
  12. Robert Morse

    Sterling API Take profit orders

    I'm going to PM you.
  13. Robert Morse

    Sterling API Take profit orders

    You did not say you were automated. There are a number of functions not accessible on the API that can be on the display. If you are automated, why do you need OCO when you can program your server to do that?
  14. Robert Morse

    Sterling API Take profit orders

    Sterling Trader Pro allows you to tag orders as OCO. https://www.sterlingtradingtech.com/support/sterling-user-guides/sterling-trader-pro-guide/oco-orders/
  15. Robert Morse

    Trading Platforms

    CBOE SILEXX support told me they are adding this to their next version later this year.
  16. Robert Morse

    Trading Platforms

    You might be missing a cost that is hard to put a value on, fast order entry, fast execution, choice of order types and Exchange/ECN and trading from 4am to 8pm. To name a few. This is what we offer but nothing is free.
  17. Robert Morse

    Futures Data feed question

    Thank you, I will try them.
  18. Robert Morse

    Futures Data feed question

    Thank you- I will call them.
  19. Robert Morse

    Futures Data feed question

    Does anyone know where one can find end of day sale data using an API to query BID/ASK/PRICE/Volume for all trades in a set number of symbols? The symbols require data from all CME exchange (CME, CBOT, NYMEX & COMEX) Thank you, Bob
  20. Robert Morse

    MNQ expiry on Mar 17 and I plan on rolling over to the next contract, questions.

    greystone-I want to briefly point out that based on your example, you have already lost money, you have just not realized it. All futures are market to market. Rolling or not rolling will only extend your risk, not avoid the past.
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