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I'd like to thank everyone that wanted to defend me. I have a thick skin after this many years in the business, so I'm fine, but thank you. wajoonline, I did respond to your question. Your question, the way you asked it, had no correct answer. Based on the way you asked it, I felt it was...

I would not. Some FCMs don't allow opening positions on the last day of trading.

You should only look at your side of the trade as you have no idea what the other side did to hedge or not. For your trade, you are making the assumption the stock will not move. I'd suggest you don't trade your first options until you fully understand the asset class. This is a good place to...

This is the Financial Data for FCMs: http://www.cftc.gov/MarketReports/financialfcmdata/index.htm

Call me to discuss this one. Happy to explain but the answer is yes. Many brokers have some metric for this on the equity/option side not futures. Bob

Me too, even after 36 years in the buiness.

What broker? When you say raising capital, are you taking in investors or looking to add to your trading account through savings from work?

http://www.finra.org/investors/day-trading-margin-requirements-know-rules Q: Does the rule apply to day-trading options? Yes. The day-trading margin rule applies to day trading in any security, including options.

1-That gives a lot of credit to a trader for joining a prop firm with $5K to $25K which is the most common. 2-We offer hot keys and hot buttons-very fast 3-I agree, during times of stress, markets can be very jumpy with wide markets that can initiate a stop. 4-Most JBO prop firms have remote...

What do you use?

Not is a public forum. If you email me your contact information we can go over what you are doing on wednesday.

If anyone would like to gift me a "completely worthless" seat worth $585,000, I'm willing to talk. :D

What broker and what software? Lightspeed Trader and Sterling Trader Pro offer access at 4am ET.

How did you know your edge was gone? The edge of an option market maker back them was from our knowledge of options, quick access to the order book, single listing and BD margin. When other started to understand put call parity and option pricing, we still had an edge. When some options became...

I was not day trading but position trading so hedging was more common than not hedging. In addition, I don't trust stop order with options and would never use them as I know that during times of stress, options markets can get very wide for short periods of time. If I'm watching trading, I don't...

We offer what Wedbush Futures offers. On equity/option software, we set up everything. For futures, Wedbush futures set up all our software except Realtick.

As far as I can tell the X_Trader software is not priced that way but the new software is: TT (Web based) Standard $50 monthly minimum + $.30 per contract (Monthly cap of $1000) The based version does not include the spreader. You need the Pro version for that. TT (Web Based) Pro $400 monthly...

I traded for 25 years as an option market maker and almost one year at a JBO/PROP firm and never used one STOP or STOP LIMIT order.

https://www.stcusa.com/ My process was to read through the material once and do the practice exam in the back of each chapter. Then do the exams with Q/A. Any question that I was not sure of the answer, I went back and read what STC says the answer was and why. Then do all the exams without...

Got it. We don't offer that one on any of our Equity/Option APIs.