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yes tuna, Correct, At QQQ= $29, the value of 1 NQ is 800xQQQ= $23,200. But your "cost" is only $5250 (the initial NQ margin required). You don't have to pay the whole value of the NQ contract, you only "pay" the initial margin ($5250 for NQ). The profit as you correctly calculated is...

QQQTRADER, You have also the following options: 1. Daytrade options. I would not recommend that because of: big spreads (frequently 10%+), low liquidity and some anti-daytradiong option exchange rules. 2. Switch to a prop. firm. Bad idea, because: you have to pay high datafeed fees...

QQQTRADER, Since your name suggests that you are familiar with QQQ trading I can suggest you learn to daytrade 1 emini Nasdaq futures contract (denoted NQ). 1 NQ = 800 QQQ approx., so It'll be almost the same as daytrading 800 QQQ shares. Have you traded QQQ? So basically it'll...

def, braindonor probably meant "daytrading" vs. "overnight" futures margin. Some brokers offer much lower daytrading than overnight futures margin. I agree with you that there's ample leverage already, but obviously some are willing to take the higher risk with intraday margin.

One can start learning about S&P and Nasdaq Emini index futures. The underlying indecies are widely followed. They are very liquid, spreads are tight, margin and commissions are low ($2.95 or lower), execution is electronic and fast, there are no middle man (specialist or MMs), no uptick...

def, This is not only my opinion, but also FEDERAL RESERVEs', http://www.federalreserve.gov/boarddocs/legalint/MarginRequirements/1999/19990218 , Schwabs' and a mathematical proof from regulation T. I have to stick with the Federal Reserve interpretation and the mathematical proof...

Yoda, def I will reveal how brokers like Schwab (through Cybertrader) and Datek can justify and offer daytrading in cash accounts. Some main points: Regulation T allows "daytrading" in a cash account with T+3 settlement. Cybertrader (Schwab owned), Datek and other brokers offer it...

stock_punter, 1 ES = 500 SPY approx. 9. With SPY you're more likely to get partial fills (less than 500 shares) than with ES ES could be traded almost 24/7 6. The bid-ask spread in SPY is bigger than that of the futures (is this true?). Yes, ES spread is usually only 0.25...

mvcpa, It's possible and not that expensive - you need A video card with TVout capability and cables (preferably S-Video) to connect the video card to the TV. Due to the lower TV resolution, I prefer to do the opposite - watch TV on my PC. ATI-All-in-Wonder videocard can actually do both -...

dozu888, The Nextrend symbols are: for ES: EST1'CM for NQ: NQT1'CM

tenaru, I haven't found out anything more about Trade Freedom. From their website one can infer that subscribing to a PCQuote datafeed package is obligatory and the monthly fee is $325 -$450 for up to 74 trades a month. The five minute partial fill no charge rule is only for Nasdaq trades...

akhuto, As days go by, the number of daytrades you've made within the last 5 business days will drop. As soon as they drop to Less than 3, you can make another daytrade in a cash account. Note that the number of swing trades (held for more than 1 day) one can make is not restricted by...

the fact remains that there are a lot of inefficiencies in the market. Indeed. If markets were efficient, investors would stop looking for inefficiencies, which would lead to markets becoming inefficient again. Therefore the market is not perfectly efficient. Every discovered...

roger2, QQQ track Naz 100 (NDX). NDX = 40 x QQQ. NQ are futures on the NDX. 1 NQ (approx.) = 20 x NDX = 800 QQQ. The Naz 100 stocks are subset of COMP. COMP will not always move like NQ, Naz 100 will. Fohat

Turok, For examples of such situations scroll back. Here are a few of those situations: Lancer wrote: "...8. In the above situations 7A - 7D, how would handling change if the order was a market buy order instead of a limit buy order? A- HELD FOR 90 SECONDS OR UNTIL A MM JOINS OR A NEW...

The main problem with SSOES is that in too many situations an order or a part of it are held for 90 seconds or more and can not be canceled vs. the ability to cancel immediately on an ECN. Correction: A SSOES order can be cancelled immediately. Moreover, SSOES orders are cancelled...

dlincke, you clearly don't understand what T+3 is. I've already posted SEC link on this thread explaining what T+3 is: This should clarify T+3. Indeed, in this case, the counterparty broker holds the sale proceeds for three days i.e. the broker is witholding the customer proceeds of...

def, T+3 allows cash account transactions to be settled in realtime, T+3 does NOT prohibit transaction settlement in realtime. T+3 was not created for delaying a transaction with 3 days. Although some brokers instead of completing the transaction in realtime, use(abuse) the T+3 as an...

The corect designation and deadlines are: for NYSE: Exchange Rule 431 - deadline Aug 27, 2001 for Nasdaq: NASD rule 2520 - deadline Sept. 28, 2001 Each broker may set an earlier deadline than required by exchanges, or its' own more restrictive margin rules. Fohat

rtharp, There is "good faith" in a cash account in Regulation T. Regulation T Quote: "Sec. 220.8 Cash account. (a) Permissible transactions. In a cash account, a creditor, may: (1) Buy for or sell to any customer any security or other asset if: (i)There are sufficient...