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  1. Robert Morse

    Best Broker for U.S. Retail Traders?

    You put this in the FOREX forum. Are you only interested in the "Best Broker for U.S. Retail Traders" for FOREX? SEC brokers dealers can't offer retail FOREX.
  2. Robert Morse

    What would you tell your 18 year old self about trading/investments?

    Yes. I supported myself and my family for 25 years while trading fulltime as an Option MM. Before that I made money in college doing a little trading and that all led me to the sell-side. No regrets. I might tell my 18-year-old self to play bigger from 1998 to 2001-my best years.
  3. Robert Morse

    Contract subject to 871 (m)

    Try future's symbol XAF-This has very low volume and OI. https://www.cmegroup.com/trading/equity-index/select-sector-index/e-mini-financial-select-sector_contract_specifications.html I checked with CQG, the software we offer, and the symbol is XAF.
  4. Robert Morse

    What I buy or sell when I trade with ES

    SPX is an index, not a stock. The basket mirrors the 500 stocks. You are betting on the change in price, not owning anything. The SPY is an ETF where you can buy something and hold it. The ETF is backed by baskets of the underlying stocks.
  5. Robert Morse

    What I buy or sell when I trade with ES

    Yes, ES is based on the SP 500. It is 50X the SPX index so $50/point. It is cash settled so you get nothing at settlement except a realized P/L.
  6. Robert Morse

    Derman

    I CAN'T HEAR YOU. PLEASE TYPE LOUDER!
  7. Robert Morse

    Derman

    When you say ABT is that a stock symbol or an Acronym? Why all caps? What are you referring to when you say local volatility? What is DERMAN? I not following your question(s).
  8. Robert Morse

    What options scanner do traders here use?

    I know this is an old post but new versions of Lightspeed Trader have a "Most Active Options" Window and show Options Block Trades. See attached. Bob
  9. Robert Morse

    Trading with/without a mentor?

    YES! That is the key. Learn what you can, apply it you your own process!
  10. Robert Morse

    Remote prop firms that use TT Platform

    Really? I speak to a number of traders that know very little about prop firms and what they offer.
  11. Robert Morse

    Options Order Question

    There are two ways to do this: Enter a conditional order. Sell XXX call spread at MKT or Limit if the stock trades at XXX. You have to ask TD if TOS has conditional orders. Looks like they do based on the post above. You calculate the value of the spread if the stock hits that price and enter...
  12. Robert Morse

    Remote prop firms that use TT Platform

    Why do you need a prop firm to trade futures? Are you looking to be employed and trade firm capital or join a firm where your money is first loss.
  13. Robert Morse

    INTL FCStone Acquires Outsourced Trading Firm Fillmore Advisors

    They have a sales desk for trading. That is what gets outsourced. It is common for some larger institutions to use a trading desk.
  14. Robert Morse

    Best site to view biggest winners/losers and most volume for the day?

    This is an excellent website with a lot of value however it is 15 min delayed.
  15. Robert Morse

    ex-dividend clarification

    Yes. Not on the X-date.
  16. Robert Morse

    I can't PM you, can you please PM me so I can send you a message?

    I can't PM you, can you please PM me so I can send you a message?
  17. Robert Morse

    Better shorting platform than thinkorswim?

    We have two ways to get a locate on hard to borrow stocks. The one from our clearing broker, Wedbush Securities, that have no cost to get the locate but will have a borrow cost if you hold overnight. We also offer a premium locate service that has a cost. Between the two, I'd say we are very...
  18. Robert Morse

    Best site to view biggest winners/losers and most volume for the day?

    Yes, this would require opening a trading account with us. The tool is standard.
  19. Robert Morse

    Theta is NOT the P/L of an option

    Change in price - that simple.
  20. Robert Morse

    Best site to view biggest winners/losers and most volume for the day?

    Not much to see at 4:51 am ET, but Lightspeed Trader offers a module called Risers and Fallers. Configure once.
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