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I had one clients who tried this with the underlying first then the doing it with options. His P/L had big swings and it was difficult to keep $ neutral. Also the cost of carrying the shorts was very high.

IMO, you should enter a trade at the value that you choose. If you can't find the other side to the trade, you have a lost opportunity, but not a loss. When you want to exit a trade, you often need to be more aggressive. You have to be willing to give up some edge to get out. What I like to do...

The value of a stock on any given day is based on perception and market conditions. Perception and market conditions change everyday. Some things will never make sense including the daily fluctuation of stock prices.

Because the future is trading at around 1940, all the listed markets are wide. It would be that way with any high priced underlying. They are mostly electronic market makers with a few customer limit orders. You have to find liquidity by working your orders. Stop orders and market orders are...

It does not work that way. If you don't want to sell equity, you're not "giving" anything, you need to sell debt. To sell debt, you need collateral besides earning. You can sell equity with the opportunity to buy it back, but why would anyone risk their capital and not participate on the back...

He should carefully read the margin agreement he signed. They give the clearing firm a lot of room when a client does not comply. Those agreements are VERY one sided.

It would be a combination of SEC and FINRA rules and that clearing firm's Written Supervisory Procedures that are approved by FINRA. http://www.sec.gov/investor/alerts/daytrading.pdf

Ok, so it's a Reg-t account. I'm more familiar with PM rules. I'm not sure how DT is calculated with Reg-T and what the penalty is for making a practice of violating these limits.

Interesting question. If you don't make a DT call, they can freeze your account, close your account. I've never heard of a broker that will make you meet a DT call before you close it. I'm not sure if they can do that or not. It's a new one on me. The receiving brokers can reject your positions...

Is your current clearing firm demanding that you liquidate your positions before your Acat? Or it this a hypothetical question? Also, is this a Reg-T or PM account?

I can't speak for Robinhood. I am familiar with the Apex "managed" route since we offer it to Apex Clearing client's too. These equity and options orders give a first look to the Market makers in the dark pool. After that, I have no idea where the equity orders go, but I can see the option...

A not held order is in order when the broker is given the responsibility for choosing when the order is executed and the price it is executed at. The orders you're talking about are not not held orders. They are orders directed to a dark pool of some kind. Those orders must be executed with...

To list stocks in your name, it would require a cash account. Any margin account will keep securities in street name, but there is a journal entry saying who owns these securities. I can't tell you it will never be an issue in the future, but through each bankruptcy in history that I'm a where...

Your concern is valid but this is typical and I would never rely on this insurance to protect my account. If you have a large account or you are a fiduciary for other's money, the best thing you can do is fund your account with short term US T-bills. SIPC treats securities differently than cash...

Every hedge will have it's cost. You might be better off just reducing your "long market" position and adding strategies that are non-correlated to your portfolio.

That might be because that firm is not registered in the US. For those in the US, be careful dealing with unregistered prop firms where they use your capital for their net trading capital. The SEC/FINRA is monitoring these firms for violations. I'm not familiar with securities laws outside the US.

I assume you are asking about a prop firm where your capital is first loss. Where you have to register as a member of the firm with a U4. IMO, the most important thing to consider is the financial health of the firm and who the managers are. Your capital and trading business will be locked for...

What time of day was that?

Screen markets don't always tell the picture, even though at that moment, it is all you can depend on. Through the use of an institutional broker to "shop" your order, liquid products can be very liquid. It's not unusual to get 100,000 up markets in OTM options in SPY or QQQ. AAPL can also be...

I would like to see "customer" orders take preference to broker dealer or firm orders (They do this in equity options). I'd also like to get rid of the ability to slip in front of those standing orders by doing some fraction of a penny better. If they want to provide price improvement to offset...