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Not really clear to me, because S**T happens and stops are not always protection. You are saying the most you can lose is the value of the stop. Would you use the same criteria for any investment regardless of how volatile is or how liquid it is? If you take an overnight position in a currency...

How are you determining what the 2% possible loss level is for each allocation? Would you use VAR or some other method?

sw_trader. There are no trick questions on this test. Go with simple responses.

Most of the questions don't provide clarity that a client is an experienced trader and understands PM rules. However, Apex requires this test even if the PM client has no intention of trading options. Good luck. I don't know anything about your situation, but if you want to talk one day to...

This is above my pay grade, but if you are really interested, read this. Maybe it will help: http://www.stern.nyu.edu/rengle/GARCH101.PDF

I can't provide answers for you. I can help educate you. -When an account is restricted, you may not enter any opening positions. -For PM haircut calculations, stock options are one product group and index options are another. You can't offset a stock options and index options just because the...

Are you asking me if the correct response is E or are you asking me why is E correct?

In general, soft dollar arrangements are normally for hedge funds. The hedge fund agrees to pay a higher commission to the executing broker or prime broker. That money gets set a side for the benefit of the hedge fund and can be used to pay for certain expenses like a Bloomberg Terminal, trading...

I don't believe there is a "best", but some are better than others. It's what fits your trading and your needs. TOS is a good retail platform. I prefer Silexx Obsidian for stock and option trading. I use TOS and TWS for my Roth IRA. I wish I could use Obsidian. For futures/options I like CTS T4...

FSU, I agree but others should consider the risk involved with this strategy. You are very dependent on the COB for execution with wide markets at an illiquid time. You have to assume if you can get in, that getting out might be expensive if you choose to cover.

This is the Apex Clearing PM test.

Make sure your FCM will allow taking delivery. Some don't and will liquidate your position.

FYI: http://ir.intlfcstone.com/releasedetail.cfm?ReleaseID=891706&CompanyID=AMDA-MQNVA

You asked one question and tied it to an assumption. Each of us can have an opinion on, "do you think Option expiry closing prices cluster around strike prices," and if you do think so, do your think it is done by option writers for their benefit, implying manipulation. I would agree that a...

Good luck..

When you take a directional position like that, do you go all in at one price or do you enter a percentage initially and add to it at a later date?

I have never used one of these "trading rooms." Do you really feel that they provide enough trading ideas to generate materially more income than the cost?

Another day in paradise......

You are basically correct. Brokers will never take responsibility for a disruption from market data or platform issues. You take on that risk. With current Fund funds at near zero, no FCM will pay you interest on your credit balances. When you request a wire or ACH, if the account has funds...

NP