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  1. Robert Morse

    Partitioning a large account to limit operational risk

    I say this because you have to split your cash over more than one account and each account will be margined independently. If you have enough money and don't push your margin, this is not an issue. Me, I would not do it.
  2. Robert Morse

    Partitioning a large account to limit operational risk

    I only have one corporate account like that and it was compliance-related. The disadvances would be: it is not margin efficient. you have to make sure you do not trade with yourself. if one account got a margin call, they might restrict the other account. A little over a year ago, an IB...
  3. Robert Morse

    Partitioning a large account to limit operational risk

    When you say "partitioning a large account", are you saying having more than one individual or corporate account at the same broker funded separately? E.G. Robert Morse#1 and Robert Morse#2 or Robert Morse LLC #1 and Robert Morse LLC #2? Each with their own cash and positions?
  4. Robert Morse

    Partitioning a large account to limit operational risk

    I'm sure your trading software has some type of setting in preference that would at least warn you of certain conditions like this. "Having a second is most importantly a credit risk hedge" As this is not a common occurrence, I'd be more concerned with short term system failures where you can...
  5. Robert Morse

    Partitioning a large account to limit operational risk

    Why not just set limits. $$ per order, shares per order, etc. To be fair, operational risk does not typically cover a traders ability to over trade. You will find a away. Having a second account at another broker would help with real operational risk, which would include your ability to close...
  6. Robert Morse

    Intro to the EZE EMS (Formerly REALTICK) Trading Platform

    Recorded Webinar: https://www.lightspeed.com/webinar/intro-to-the-eze-ems-formerly-realtick-trading-platform/
  7. Robert Morse

    SPY Dividend Plays

    Most of these spreads are crossed on PHLX by MMs. Some hit the COB on CBOE from customer orders.
  8. Robert Morse

    Credit Spreads with the Kelly Criterion

    I’m not familiar with this Kelly criterion but you do know that your assumptions above are near impossible.
  9. Robert Morse

    Equities prop firm w/no need for license

    Not going to happen in a legal environment in the USA. I suggest you consider Futures.
  10. Robert Morse

    Out-of-whack Credit Suisse security puzzles volatility traders

    https://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
  11. Robert Morse

    Out-of-whack Credit Suisse security puzzles volatility traders

    TVIX is a threshold stock so can't be shorted. This might disturb the creation/redemption process.
  12. Robert Morse

    Equities prop firm w/no need for license

    That is another discussion. Quick answer: Does not have enough capital to start with and make a living. The strategy requires an infrastructure the trader can't replicate. The trader is not comfortable using their funds. Just a few examples of why someone would want to join a traditional...
  13. Robert Morse

    Equities prop firm w/no need for license

    The prop firms that require a license are broker-dealers. A prop firm that is not a broker-dealer should not take a deposit from you or market up any costs. You trade their capital. There are a number in Chicago but since your money is not 1st loss, they are hard to get jobs at.
  14. Robert Morse

    Brokers that accept bitcoin disposit

    His profile says morocco
  15. Robert Morse

    Fund 4 Less this Summer on Lightspeed Trader

    The reason why we came up with the Fund4Less promotion is that we get a large number of traders that apply for a new account, but either do not have $25,000 right now or do not expect to soon, but want to use Lightspeed Trader. Since our DMA software requires $25,000 to start, we have rejected a...
  16. Robert Morse

    Fund 4 Less this Summer on Lightspeed Trader

    We offer accounts starting at $10,000, but as those accounts can’t Actively trade, I would say our focus is on active traders, typically $30,000 or more.
  17. Robert Morse

    Fund 4 Less this Summer on Lightspeed Trader

    What is that from and is there a question?
  18. Robert Morse

    Account Size-PDT Rule

    My description had a typo. I updated it. I meant to say more than 3 in 5 days.
  19. Robert Morse

    ADMIS - the safest FCM out there?

    You should do what makes you comfortable.
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