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  1. Robert Morse

    FCM with SIPC- or FDIC-like insurance

    That is NOT my expectation. "Segregated accounts must be titled for the benefit of the FCM’s customers". That is not the same as the account being in the customer's name. https://www.cftc.gov/IndustryOversight/Intermediaries/FCMs/fcmsegregationfunds.html Segregation of Customer Funds All...
  2. Robert Morse

    Anyone one on one mentoring?

    Your profile is empty. Maybe tell us a little about you.
  3. Robert Morse

    stop loss on short trade

    I'd say this is too general. I would add that if they expect to day trade small-cap stocks or short them, that requires experience. If you focus on liquid names like broad-based ETFs or NASDAQ/S&P 100 stocks, I see no reason why you can't try either. Whatever works.
  4. Robert Morse

    trading volatility

    Depends on the time between your long/short and if it is near an event that is priced in. There is Vega risk in many circumstances.
  5. Robert Morse

    Book data for garage-built algo

    Yes, the CME offers Level 3, but very few platforms offer it as there is little demand. TT is a sponsor and I believe in an old post they said they offer it, -Market by Order (MBO)
  6. Robert Morse

    trading volatility

    I'm more of a Louie De Palma fan.
  7. Robert Morse

    Book data for garage-built algo

    A low-cost offering would be CTS FIX API. It is software agnostic. And if you build to FIX, you can move from broker to broker. http://wiki.ctsfutures.com/T4 API FIX.MainPage.ashx Java API in Futures is by no means standard and would tie down in the future.
  8. Robert Morse

    stop loss on short trade

    Buy STOP 50.50. Any other orders are up to you. No different than a sell stop.
  9. Robert Morse

    Book data for garage-built algo

    There are a number of APIs with good market data. No reason to use a third party. We offer Realtick EMS, CQG-IC, CQG WebAPI & FIX API, CTS T4, Rithmic and Trading Technologies (TT) that all are dedicated futures platforms with APIs. Most will be WIN OS. https://www.lightspeed.com/view-platforms/
  10. Robert Morse

    How to size up capital appropriately?

    I would say go back to the setup and evaluate what triggered the trade. Assign a value of 1-5 or 1-10 based on which setups have a higher expectation. Do not place any bets (I'm fine with the word) on the ones that have had a lower expectancy or tended to lose money. Place higher bets on the...
  11. Robert Morse

    SEC and CFTC Charge Options Clearing Corp. With Failing to Establish and Maintain Adequate Risk Mana

    I find this stuff hard to read and get a good understanding. I do know that this SEC filing is about STANS not TIMS. STANS has to do with the clearing firm's requirement for risk, not the client's margin which is based on TIMS. From the client's perspective, TIMS, or the OCC requirement for...
  12. Robert Morse

    Book data for garage-built algo

    Cap'n, Welcome to Elite Trader. When it comes to market data from the platform, we offer Realtick EMS. If you prefer to get your own data, we can offer Lightspeed Trader and Sterling Trader Pro too. I will send you a Private Message if you want to set up a call or email me directly. My email...
  13. Robert Morse

    Broken option spread trade , buying power

    Yes. Yes. and you need approval for the short option.
  14. Robert Morse

    Broken option spread trade , buying power

    Yes, it should because the short put is still protected. The other way around would be more difficult. Daytrading the long side would leave you short for a period of time and you would need to have the margin for that.
  15. Robert Morse

    trading volatility

    Well the 4 legs are good for your broker but not you. And, not appropriate for a stock you expect to move a lot.
  16. Robert Morse

    trading volatility

    Buying a calendar will target a stock that stays within a range while selling the calendar will target a stock that moves away from that range, which was the question.
  17. Robert Morse

    trading volatility

    The cal sell has limited profits while the straddle does not.
  18. Robert Morse

    trading volatility

    You can sell a calendar. Straddle was the obvious response.
  19. Robert Morse

    trading volatility

    https://www.lightspeed.com/trading-education-center/long-straddle/
  20. Robert Morse

    Preqin: More institutional investors think equity markets have peaked

    I have no current bet on a down market. I would call my investments non-correlated and not short term in nature.
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