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  1. Robert Morse

    Pyramiding: Playing with the market’s money

    I look at each trade on it’s own merits based on risk/reward and expectancy of profit/loss. To allocate more toward a trade just because you are up for the day or week is not what I would do. To me, it is a trail to zero. Trade 1 unit make money. Trade two units make money. Trade three units...
  2. Robert Morse

    Pyramiding: Playing with the market’s money

    I think this is a gamblers mentality and a very bad trading discipline. Your profits are your money, and that should always be treated as such and not house money.
  3. Robert Morse

    Cost of carrying futures

    We do not have a cost for overnight positions.
  4. Robert Morse

    Anybody got IB Daily Exposure Fee for Crude?

    IB had a standard option cancellation fee for all options order cancelled but not executed. This was not inline with exchange policy for charging for cancellations that was based on the broker routes ratio of cancels to executions. It was never account based. It would make sense to charge an...
  5. Robert Morse

    When is too many options, too many?

    You are not in the ballpark of being concerned for liquid stocks like these. You will have to work your orders to get the best price.
  6. Robert Morse

    Who sells .01 contracts !!! ???

    On expiration day, a market maker with a cost structure that might be $0.20 to $0.25 all in, can sell expiring options for $1.00 and make more than $0.75/options. at EOD, the options expire and do not appear on their risk or margin requirement.
  7. Robert Morse

    Will short-selling index futures will be banned in a financial panic?

    No, that is not "reasonable" to assume or likely. That is not the way the CME works. If they wanted to reduce short selling a future, they would just increase the margin requirement until specuation is reduced. That has always been their process. Move the ES futures margin from just over $5K to...
  8. Robert Morse

    NYSE to launch new NYSE National exchange in second quarter

    As an X-Amex member, I would have liked the name to stay alive with NYSE-AMEX, but I had no vote! Bob
  9. Robert Morse

    NYSE to launch new NYSE National exchange in second quarter

    Are they saying it will just be a crossing network? I don’t understand the focus of this one, do you?
  10. Robert Morse

    Index Futures broker reccomendations

    We offer US Listed Equities, Options and Futures. I have a fair number of futures accounts and there are CTAs I raise AUM for.
  11. Robert Morse

    CTA Establishment - Advice

    Turn key has done this many times. they would be a better source of the cost, Happy to talk tomorrow. I'm up early--4am. Good night,
  12. Robert Morse

    CTA Establishment - Advice

    I say go for it if your returns are good and you are willing to put in the work to market yourself. You will have to add the cost of travel to get to the CTA events when you have your track record. Let me know if I can help in any way. It is not a lot of money to start a business. Even a food...
  13. Robert Morse

    collaring a stock/etf to get to 12 months

    Of course your broker can't take away your dividend, It has to do with IRA tax laws.
  14. Robert Morse

    Index Futures broker reccomendations

    Our futures portal at Wedbush futures is read only, has no SS# or EIN. Just your name, address and email. You can also run cash or transactional history. Not much to steal. It is a concern of all of us in the industry. Our Lightspeed Portal has two factor for the equity side.
  15. Robert Morse

    Index Futures broker reccomendations

    What are your requirements? We can offer up to 25% of SPAN for DT on RealTick with rates starting at $0.60/side and accounts starting with $25,000 USD.
  16. Robert Morse

    How did you decide on your trading strategy or method of trading?

    Maybe start your your focus on CME Interest rate products, 5Y,10Y futures and options. It see like a good fit for someone with a fixed income background. bob
  17. Robert Morse

    questions about linked account, Friends and Family account, Family Office account of IB

    You don’t need a ss# for a foreign account. Fill out a w8-BEN. I have a number of accounts in China myself.
  18. Robert Morse

    Which brokers accept opening and closing auction orders on NYSE and Nasdaq?

    After 33 years my wife said the same!
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