Comments on: Four Things You MUST Know About Interactive Brokers Before You Trade Futures

By: trading emini futures

trading emini futures — Mon, 18 May 2009 17:05:19 +0000

trading emini futures…

I would have to disagree ,but TRAIAN ” Website-uri bursiere renumite si nu numai ! is definately a good read……

By: admin

admin — Tue, 07 Apr 2009 23:37:51 +0000

Ok, just to clarify, there is Initial , Intraday, and Maintenance Margin. If you have 6K in your account, as long as you are over the Initial margin, you can enter positions. Your position will not be liquidated until you account goes under the Maintenance margin to allow for un realized losses.

Right now, Interactive Brokers margin for the ES E-mini S&P 500 is

$2813 Intraday Initial
$2250 Intraday Maintenance
$5625 Overnight Maintenance
$4500 Overnight Maintenance

So if you entered a day trade, you would need $2813 per contract. You would not get liquidated until you had paper losses that drove the value of your account under $2250 per contract. Overnight is the same.

I have never held a position overnight.

By: Neruok1

Neruok1 — Tue, 07 Apr 2009 13:58:04 +0000

Hey

Thanks for that entry. Found your response to Jules (in jumbles). Very much applies to me as I trade exclusively futures (forex, minis and occasionally gold and oil).

Something I’m almost sure of but just wanted to clarify with a second opinion: when you say, for example, $6k for 1 contract of the ES or whatever (intraday and overnight combined right?) with that amount in your account, you can make as many roundtrips as you like per day as long as your account doesn’t drop below the required margin i.e you’d need more than the intraday + overnight to allow for paper losses during a trade so as to avoid them liquidating your position.

I know the margin requirements of the instruments I’m trading but just wanted to know how it’d work if I decided to trade with a smaller account balance (currently using $30k)

Thanks for any help

MM (OnlyTheMomo.blogspot.com)