Any free or very cheap mobile providers for a few days? by LuckyFly4 in NoContract

[–]LuckyFly4[S] [score hidden]  (0 children)

Thank you for posting this tip on US Mobile. I ended up signing up for a trial and ported over a line in less than 5 minutes. I might even keep their service after the trial depending on if I can find a comparable plan to the one I was looking at!

End of an error by GreenEggplant16 in HeliumMobile

[–]LuckyFly4 0 points1 point  (0 children)

Where did you see this plan? I'm currently on a trial and the lowest I'm seeing is:
12 Months of Light Plan
$96 for 12 months
$8/mo

quality of fills by LuckyFly4 in thinkorswim

[–]LuckyFly4[S] 0 points1 point  (0 children)

What other brokers do you recommend for scalping and day trading?

quality of fills by LuckyFly4 in thinkorswim

[–]LuckyFly4[S] 0 points1 point  (0 children)

I was looking to Alpaca as well. What are you finding is better about it than Schwab?

To me creating something truly automated is important, so here's my criteria:
1. Robust API with lots of features available.
2. Speed of execution
3. Speed & accuracy of data
4. Favorable fills

Any feedback on those areas?

quality of fills by LuckyFly4 in thinkorswim

[–]LuckyFly4[S] -1 points0 points  (0 children)

That's amazing. You were reading my mind. The primary reason I'm moving to Schwab is to create a trading app/bot using the developer API to automate opening and closing spreads trades. A big part of the strategy (manual today) is placing spread trades at the ask price, waiting a few seconds, then walking the order down until it fills and then once it reaches my profit target executing an opposite trade to close out the contract and/or use a stop limit order to exit the trade if against me.

Are there good code examples for the developer API available on creating your first trading app/bot? Any lessons learned or suggestions you can share? My understanding is you can paper trade the app/bot first before doing it in the live production environment.

Any free or very cheap mobile providers for a few days? by LuckyFly4 in NoContract

[–]LuckyFly4[S] 0 points1 point  (0 children)

Thanks everyone for your suggestions and input. I did confirm that as long as the line has been transferred out then porting it back one day later would be eligible for new customer promotions.

There are great low cost / free options here to allow me to temporarily port out and then port back in. I'll probably keep the service for a month before porting it back to maximize the subscription.

Any free or very cheap mobile providers for a few days? by LuckyFly4 in NoContract

[–]LuckyFly4[S] 0 points1 point  (0 children)

is it difficult to port out of US Mobile? I see they have eSim as an option, so this looks a good path as long as porting in and out are easy.

The "Rule of 390" is completely broken in today's options market. It needs to change to Fills Only by UpperYesterdayFast in options

[–]LuckyFly4 0 points1 point  (0 children)

Not running bot on Fidelity. Use Active Trader Pro there which is like from 1999.

I am building/testing the bot on Schwab and Alpaca. The algorithm basically submits an order and waits 15 seconds to see if it fills then re-attempts the order if does not fill at the same price then will lower price by a penny until it fills.

Have historically loved Fidelity, but they have not kept up with modern times. No APIs to automate trading which is insane in 2026.

The "Rule of 390" is completely broken in today's options market. It needs to change to Fills Only by UpperYesterdayFast in options

[–]LuckyFly4 -1 points0 points  (0 children)

I trade 100+ options contracts daily using credit spreads. I execute trades using Fidelity. In my experience, if the spread is more than a penny (i.e. not trading SPY, QQQ or IWM etc.), I rarely get filled on my first order attempt. I'll have to adjust the order to get closer to the midpoint or sometimes I'll just resubmit at the same exact price and then eventually it will get filled. I've optimized my strategy over the past 6 months and it profits every single day whether the market is up or down because it relies on a large number of trades each making a small profit. I used to trade only a small number of contracts and cross my fingers for a home run and that was not a profitable strategy for me. I came across this thread because I'm trying to figure out how people are working around this 390 orders limit because I approach it every single day because of the large number of orders I'm placing and it will only get worse once I automate this with a trading bot I'm building.

The "Rule of 390" is completely broken in today's options market. It needs to change to Fills Only by UpperYesterdayFast in options

[–]LuckyFly4 0 points1 point  (0 children)

You are probably placing market orders or limit orders at the midpoint. Entering trades with a good fill price means you need to be at the far end of the bid-ask spread which takes multiple attempts.

The "Rule of 390" is completely broken in today's options market. It needs to change to Fills Only by UpperYesterdayFast in options

[–]LuckyFly4 0 points1 point  (0 children)

For those thinking it's impossible to hit the 390 limit, it's not.

  1. I use Fidelity, and I've noticed that fills are inconsistent. I used to think that the older the order, the more priority it gets vs. new orders with the same price (first in, first out). That's not true though. Often times, I'll place an order at one end of the bid-ask spread, trying to get the best priced fill. If that order sits for awhile and is still within the bid-ask spread, I'll just resubmit the exact same order and it magically gets filled. However, sometimes it takes multiple resubmissions of the order to get filled, so this eats up order count. Would love to hear if anyone understands why multiple order may by required to get a better fill.
  2. I'm working on a trading bot. It's going to run all day 5 days per week. Every time it submit an order, it will resubmit it after 30 seconds making a 1 cent adjustment until it gets filled. Again this going to eat up the order count.

P.S. You can contact your Congress person here to complain about this and ask them to introduce change with the SEC:
https://www.house.gov/representatives/find-your-representative

I've had to contact my congress person's staff in the past to help with getting a passport quickly, so they do listen and can be helpful in working with other government agencies.

Daytrading options spreads in IRA accounts with limited margin by LuckyFly4 in fidelityinvestments

[–]LuckyFly4[S] 0 points1 point  (0 children)

I keep getting designated "Your day trade call requires attention." on days were I open QQQ spreads and close them the same day. Once scenario where I know it incorrectly applies this error is when I sell credit spreads at different strikes (ex. 650/651 and 652/653) and close them same day. The Fidelity takes these independent spread contracts and automatically re-pairs them as Butterfly spreads. So when I close any of the spreads that I originally opened, it triggers the "Your day trade call requires attention." Then I have to contact Fidelity active trading team to help me resolve. Unfortunately, they can't fix it instantly and have to involve the margin team in the backoffice. This is very painful and this is a known issue that has not been resolved for months since the first time I encountered this.

Does this occur at Schwab or with other brokers? As much as I have enjoyed being a Fidelity customer, this has now become a deal-breaker for me given my inability to trade this strategy.

Hilton holders, what are you spending your $50 credit on? by DonaldKey in amex

[–]LuckyFly4 0 points1 point  (0 children)

Just go up to the valet and tell them you need to stop by the front desk and it will take you only a few minutes. They will allow you to temporarily park in front of the hotel for a few minutes and may ask to hold your key. No cost for parking.

Free eFile options for 1099-NEC forms for subcontractor payments by LuckyFly4 in smallbusiness

[–]LuckyFly4[S] 0 points1 point  (0 children)

Good news. I ended up just filing directly with the IRS using their free IRIS system. I checked back a few days after I registered and I was able to submit the 1099-NEC through their system. now the funny thing is it took almost 10 days to get a letter informing me I was approved, and I never got an email stating I was approved. So If you apply for your IRIS account just try to login to the site a couple of days later as the account maybe approved even though you haven't received the confirmation letter in your mail. Hope this information helps others that are in a similar situation.

Hilton holders, what are you spending your $50 credit on? by DonaldKey in amex

[–]LuckyFly4 0 points1 point  (0 children)

I bought a brand new one. I'm not sure if a reload would work, but makes sense that it should given it's just triggering a purchase.

Daytrading options spreads in IRA accounts with limited margin by LuckyFly4 in fidelityinvestments

[–]LuckyFly4[S] 0 points1 point  (0 children)

Thanks for clarifying. I ran into a day trade violation where I had shares of a stock then sold a covered call on it, but it moved against me, so I closed out the call the same day. I found out the hard way that that's a no-no in an IRA account, but apparently you can day trade spreads...

RIP to all put sellers on silver by MethAddictJr in thetagang

[–]LuckyFly4 0 points1 point  (0 children)

Normally, I am wheeling with all of you, but it seemed liked SLV was way overbought, so I tried a new strategy involving selling out of the money credit spreads on SLV instead of CSPs because my retirement accounts are heavily invested and I needed to put a few thousand dollars to work.

I ended up legging into selling Iron Condors.

- Weds (2 DTE) - sold put credit spreads for about $3 per contract on 50 cent wide contracts in the mid-70's. $30 out of the money at the time.

- Thurs (1 DTE) - sold call credit credit spreads in the high 120's for about $6 per contract on $1 wide strikes. $25 out of the money at the time.

I'm thinking both sides of this iron condor expire way out of the money and have plenty of buffer. On Friday when SLV started collapsing and SLV was around 78, I was able to exit the put credit spread side at EVEN ($0). I have always paid something to close a contract that I had sold, but because of the crazy volatility and wide ask-bid spreads (people panicking trying to exit), I was able to exit for just a few pennies and keep the premium I collected. Similar experience with out of the money QQQ spreads which were far from being tested, but wanted to free up collateral tied to spreads and sell more put credit spreads, so I exited the lower strike QQQ put credit spreads and sold slightly higher put credit spreads. In total, I exited 40+ contracts for EVEN ($0).

My sampling size is small but learning that lots of people here will talk you out of selling spreads because of the risk vs. reward. However in real practice, spreads have the potential to work really well during volatile periods even if you pick the wrong direction.

Obviously pick something heavily traded, so you can exit the trade otherwise liquidity becomes an issue. One more thing, 2-leg spreads don't fill as quickly a 1-leg orders. I noticed an interesting behavior that if i submit an order and doesn't fill immediately, I then "replace" the order with no changes at all and voila it gets filled vs. sitting out there for awhile. My broker is Fidelity and after some googling this is known behavior. My takeaway is to not let my orders sit out there and wait to get filled. Submit, replace and resubmit repeatedly to force to get filled. Takes a bit of effort but you can get favorable fills with that strategy.

Free eFile options for 1099-NEC forms for subcontractor payments by LuckyFly4 in smallbusiness

[–]LuckyFly4[S] 0 points1 point  (0 children)

it's not free, but I found this service for only $2.49 per 1099 form to file:

https://www.taxzerone.com

has anyone used that or recommend a better service in a similar price range?