Search results

  1. Robert Morse

    Clarification of margin requirement of future contract

    We all draw the line somewhere. If you trade 10,000 options per month, just the OCC fee is $500/ The savings on routing can be a multiple of that and our active trader rates are lower too. Even after paying for Sterling Trader Pro, you could save $1000 to $3000 depending on what symbols you...
  2. Robert Morse

    NDX Options

    http://www.cboe.com/trading-tools/calculators/margin-calculator
  3. Robert Morse

    Clarification of margin requirement of future contract

    Our option commissions are generally lower than IB. On Sterling, Trader Pro, Realtick and Silexx we offer both a SMART route and the ability to direct your orders. The SMART route avoids the Maker/Taker fees on all but cash-settled CBOE symbols and the directed orders can provide credits. This...
  4. Robert Morse

    Intro to the EZE EMS (Formerly REALTICK) Trading Platform

    INTRO TO THE EZE EMS (FORMERLY REALTICK) TRADING PLATFORM WEDNESDAY, AUGUST 28, 2019, 4:30 PM ET The Eze EMS (formally RealTick Pro) platform offers many trading tools and features for trading stocks, options, and futures. In this webinar, we will explain how to set up and use many of the most...
  5. Robert Morse

    Does closing a put option and buying that stock result in wash sale?

    The Wash Sale rule is quite general. The IRS will rely on your broker's report-1099. If you disagree with the 1099 at end of year you can talk to you tax professional about entering the trades differently with a backup letter. Wash Sales A wash sale occurs when you sell or trade securities at...
  6. Robert Morse

    Oil options

    Yes.
  7. Robert Morse

    An option trading gui with certain features ?

    This is LVX, AAPL Sept 212.5 puts and calls
  8. Robert Morse

    Clarification of margin requirement of future contract

    This sounds like a reflection of the use of a universal account. If you were to open a futures account at an FCM, not tied to an equity account, there is no need to charge interest as long as at end of day you cover your margin with your liquidating equity and the value of your liquidating...
  9. Robert Morse

    question about licensing / trading with 2 firms

    Not if the BD allows it. I have a few customer accounts for prop traders and the firm has many. The BD signs a 407 letter( there is a new name for this) and we send monthly statements to your employer. You will be subject to pro-market data fees.
  10. Robert Morse

    question about licensing / trading with 2 firms

    Bd1 will have to U5 you. If BD1 has taken your money as 1st loss and used it toward their trading capital, your money is to stay there for a year. Not sure if they have to U5 you. My advise, trade is a customer account until you decide your path.
  11. Robert Morse

    question about licensing / trading with 2 firms

    No. Two unrelated BD will not allow you to dual register. I know of no FINRA/SEC rule against it but they will be asked how each firm monitors your activities without sharing information and working together on regulating you.
  12. Robert Morse

    Oil options

    https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contractSpecs_options.html#optionProductId=1353
  13. Robert Morse

    Practical differences between Limit Buy order and Market Limit Buy order

    "Cheaper" or at a better price, no. When you use a market order, you get a fill but have no control over that price. When you enter a limit order, you might not get a fill at all, but you are limiting the price you pay. I never use market orders except for MOC. I suggest you try limit order...
  14. Robert Morse

    Is there a Stock market replay software? (backtesting)

    The problem with manually backtesting an older date is that you still know what happened. I suggest you consider forward testing with live data like using the sterling trader pro simulator. Cost is about $65/month plus market data. If you like the software, we offer this for live trading...
  15. Robert Morse

    Have You Ever Found Anything That Compares To Trading?

    Dieting? Now I need cake.
  16. Robert Morse

    Question about first steps to take

    The NYTime article is crap. comagnum, I have a quick question for you. If when I trade an option,if I bought puts or sold calls to hedge a long stock position, how would you know if my option trading was profitable from any metric online? Maybe I only made money because the hedge allowed me...
  17. Robert Morse

    Managing risk of broker platform outage

    Different FCM, Different software.
  18. Robert Morse

    Managing risk of broker platform outage

    We talked about that in the thread too. I suggested futures traders create a Firmsoft login at the CME and another suggested having a backup account at another broker.
  19. Robert Morse

    Question about first steps to take

    I think all traders should start small and scale slowly until they have a process in place that works.
  20. Robert Morse

    Question about first steps to take

    Yes, old man Morse is old enough to get the Honeymooners reference. And yes, I was a MM in AAPL from summer of '85 until Feb 2010. This is not about me. The forum should be about getting information and sharing. Helping others succeed. Or, getting help.
Back
Top