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  1. Robert Morse

    Alternative to IB

    Yes.
  2. Robert Morse

    Alternative to IB

    Yes, but their futures fees and margin are very high.
  3. Robert Morse

    Alternative to IB

    ALL Futures account in the US regulated by NFA/CFTC are traded in a segregated account, Some brokers are are to hide that behind the account#, we can't. With us the two accounts are independent so a margin call in one does not affect the other.
  4. Robert Morse

    Spread settlement in cash account

    Might save money when you take into account 2 days you can't trade and the assignment fees. If you are long a 5 point vertical, start by offering at 5.00 the decide how much you want to pay to get out the last day. Drop your offer a penny at a time and leave it there for 30 min until you reach...
  5. Robert Morse

    Alternative to IB

    Thank you Lee. Non display fees are a problem with the Lightspeed Trader API, but on the Sterling Trader Pro API we can disable MD to the API and RealTick is not being made to be complaint yet.
  6. Robert Morse

    Alternative to IB

    Thank you but we do not offer universal accounts. We do offer access to US Listed Equity, Options and Futures with one platfrom, REalTick, but not one account number. You would have to open two. One for futures and one for equity/options.
  7. Robert Morse

    Spread settlement in cash account

    This is normal. The stock takes 2 days to settle.
  8. Robert Morse

    Mid-price for options

    Brokers don't fill order unless that are also market makers,
  9. Robert Morse

    An Overview of Bitcoin

    Bitcoin ETFs stumble over SEC’s liquidity and valuation fears https://www.thetradenews.com/Regulation/Bitcoin-ETFs-stumble-over-SEC-s-liquidity-and-valuation-fears/?utm_source=Eloqua&utm_medium=email&utm_campaign=00013CE_REDIDailyDigest_eDM&utm_content=00013CE_TRTMDigest_JAN22_18Prospects
  10. Robert Morse

    Mid-price for options

    Even 50% is not a fair expectation. It is a random value that will change from symbol to symbol and how meaningful the midpoint is. 1-EG-SPY back months. Jan 2020 has wide markets, very little customer order flow but traded on 15 exchanges with many, many market makers monitoring them. For an...
  11. Robert Morse

    Mid-price for options

    I don’t know what your current broker is doing with your orders, but it is up to you to work your orders with limits to determine what the best price is you can get. Our option orders get posted for the world to see on one of the 15 option exchanges. I also think as a novice trader, you...
  12. Robert Morse

    what are your professions beside being a trader?

    I thought this was an interesting question. It is too bad the thread went sideways. Of course I'm a full time salesperson for a broker dealer. Before that I was a full time trader with my own BD.
  13. Robert Morse

    Lightspeed Trading to Merge with Lime Brokerage

    We had a press release. I was going to wait until we closed to say anything.
  14. Robert Morse

    do zacks and interactive brokers use the same trading software?

    Looks like they do. https://files.brokercheck.finra.org/firm/firm_7874.pdf Go to P14.
  15. Robert Morse

    Lightspeed Trading to Merge with Lime Brokerage

    More information to follow after we close on the deal. All I can say right now in that Lime (DMA Routing,Technical Solutions and IT hosting) and some other operations will be under our umbrella making us bigger and better funded. Stay tuned. Bob
  16. Robert Morse

    Mulple brokers, multiple CME data fees?

    This all seems oddly complicated. Why not just use one broker?
  17. Robert Morse

    Pyramiding: Playing with the market’s money

    Buffett is not a trader, he is a long term investor. He buys blocks of stock over time and is happy in the short run when that stock goes down because he gets to buy his next block at lower prices.
  18. Robert Morse

    Pyramiding: Playing with the market’s money

    Agreed. I’m not talking about adding to a good trade or scaling in. That all should have been part of your plan. I’m taking about exceeding your limits just because your are up money. If my limit is long/short 5 ES future’s, I should not do a 10 lot even with a short stop just because I just...
  19. Robert Morse

    Pyramiding: Playing with the market’s money

    Maybe gambling was not the best term. My bad. Let’s look at it differently. You start with a $100,000 DT Account. Have a great morning and up $2500 by 11am. Not bad. If you double your risk on the next trade by doubling your allocation, that does not make good risk management sense to me. As...
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