Search results

Playing basketball and stock picking are my worst skills (In that order).

Your trade allocation size should not be based just on what you want to limit your losses to. And, if your trading is short term and your expected profits are thin, commissions on very small trade sizes will reduce your profit potential.

I would reduce my size. Paper Trading has value to learn software, not to practice trading. Without fear and greed, it is not a good test. One of the issues with very small size and small trading accounts is that you can't size your trades to your confidence level. (Play bigger when you expect...

I was not. Would you like to tell us a little about you? Bob

Well, did you call or email them? I got a similar message from Citibank about a LLC account. I had to respond to 10 pages of questions or they would close my account. Welcome to compliance.

sle, Give me a quick call. Bob

I'm not sure how to respond based on how you asked the question. Can you rephrase it? The Vega for each position are representing the change in price for an option for a given change in Vol, all other assumption being the same. Option greeks are tools to monitor, adjust risk or place risk...

In most cases, equities and options, stops are handled by your trading platform or your broker's server. Futures might be different.

What asset class is this for?

I can't reply, because I'm not allowed, but other will. Give a specific example with a current stock and what your expectation are.

BTW, the rebranded LVX name will be Lightspeed IV Trader. I don't have a launch date yet.

Test out other strategies Look at other symbols Learn other asset classes

If you can email me your name and phone number, I can associate the demo with me. https://www.lightspeed.com/demo-request/ Bob

I'm not a expert of what IB does. And, they seem to change their risk rules often.

They don't. It is easier to code in one risk rule then many. They did the same with my BABA example.

Decay of near term options will be more than 3 month options. However, if the underlying moves a lot, the value of the spread goes down. You can't make money randoming buying calendars. You have to make assumptions including where the underlying will or will not go over time, and what will...

Well said.

I have never looked at L2 for equities but I have for options. If find L2 for options very important.

We are currently testing LVX (The name will change, I think Lightspeed Vol Trader) for Wedbush clients. October or November roll out. Right now, all our LVX clients are at IB. I expect that to change as our rates at Wedbush will be lower and with more consistent margin/risk. Bob

Theta-Does your software have Greeks? "Theta or time decay is not linear." https://www.optionseducation.org/strategies_advanced_concepts/advanced_concepts/understanding_option_greeks/theta.html