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  1. Robert Morse

    Thinkorswim risk profile question

    TOS might not pick that up. Why would you graph a spread where you know what the result will look like? You should know what a short call P/L graph looks like.
  2. Robert Morse

    Thinkorswim risk profile question

    1 put : 2 futures is not a synthetic short call. Short 1 ES and 1 put would be like a short call.
  3. Robert Morse

    Execution order for complex orders/spreads

    sysdevel99, We offer equity/option accounts at IB with the LVX platfrom and equity/option accounts at Wedbush with other software. https://www.lightspeed.com/technology/trading-software/ If you like IB but want to try LVX, check out:https://www.lightspeed.com/trading-platforms/livevol-x/ LVX...
  4. Robert Morse

    IB and T + 3 rule

    I can't be 100% sure, but I'm not aware of any such restriction with us at Wedbush Securities. Margin accounts only charge interest if you borrow overnight. E.G. Account equity $50,000. you buy $50,000 in stock and hold overnight, no charge Account equity $50,000. you buy $60,000 in stock...
  5. Robert Morse

    Execution order for complex orders/spreads

    This is what I expect: TD sends their SMART orders to a market maker but it resides on the COB of an option exchange. IB holds their spreads in an internal option dark pool where you can interact with other IB clients. IB sends your order to an option exchange only when they deem it marketable...
  6. Robert Morse

    Utilizing a mid-frequency black box

    53% sounds low, but does not take into account expected profit. You need to make more money on the good ones than the bad ones. With that you might be able to drop below 50/50.
  7. Robert Morse

    Margin/leverage in the auctions

    I expect you can't do both on the open or close if you have no BP. You should ask IB. I expect one has to come before the other.
  8. Robert Morse

    IB and T + 3 rule

    that is why. You need a margin account.
  9. Robert Morse

    IB and T + 3 rule

    Do you have a CASH account?
  10. Robert Morse

    Margin/leverage in the auctions

    I expect that IB will not let you enter the second order before you reduce. You can't do both on the open or close.
  11. Robert Morse

    Becoming a SPX pit trader

    You will have to be an SEC registered BD Become a member of the CBOE and agree to be regulated by them Have $5mm to $10mm min capital to open an account with ABN AMRO, GSEC or ML PRO Have ability to provide accounting and regulatory requirements with an approved WSP All I could think of at 5am...
  12. Robert Morse

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    May I ask: Do you have to put up any capital? Is this regulated by any government institution in Australia?
  13. Robert Morse

    Question about Options Market Data

    Silexx L2 I don't have access to that, but they make those fees available. Since they want most clients to use the option SMART route, they most likely segregate L1 from L2. We offer non-pro L2 option market data for free on our LVX platfrom for accounts at IB...
  14. Robert Morse

    Question about Options Market Data

    What Broker? It differs by market data provider and software. OPRA provides L2 but your broker can offer L1 or L2.
  15. Robert Morse

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    I would say you have to separate prop firms where your funds are first loss and the BD provides leverage from the true prop firms that offer an allocation with you as an employee. Making a 200% return on a $5K deposit with 20 to 1 for DT, is not impressive. Making a 30% to 50% return with...
  16. Robert Morse

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    How would you base your returns while at a prop firm? Will you use the funds you deposit or the total leveraged used? Neither will be accurate.
  17. Robert Morse

    Can i use DAS Trader Pro & TWS with IB?

    I guess you don't want to call or message IB? You can always use TWS with an account at IB.
  18. Robert Morse

    Beginner question - please recommend a market

    Your broker does not find you depth and liquidity. They just route your order to the market place
  19. Robert Morse

    Beginner question - please recommend a market

    We require $25,000, but I would say $10,000 with ES is enough to learn. Try paper trading first. Yes, I believe that if you are under funded, you are setting yourself up to fail. You will be stopping yourself out when you might have adding if properly funded.
  20. Robert Morse

    Margin/leverage in the auctions

    Rather than use your example, I’ll offer another one that might help you understand. Day-Trading Buying Power is set over night. If you had an account with $500,000 and your PM requirement from your clearing firm is $499,999. You have no regulatory call but you only have 6X $1.00 of BP or...
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