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OK thanks! I should have mentioned I am with IB.

Hi All I am thinking of trading the futures maket and was wondering what type of initial capital would be required in ones account? For example, if I wanted to trade Cotton and Cocoa, would $40,000 to start with be OK? I only want to trade 1 contact each. Thanks

huh?

Damn! No wonder I kept losing so much money just opening trades!!! Damn! Thanks for your reply.

Hello It says on their web site: (http://www.interactivebrokers.com/en/p.php?f=products&p=fx) IDEALPRO: Forex (25000 or USD equivalent minimum) Does this mean for each trade, to trade FX, one must trade $US25,000 positions to enter trades? Regards

Hi All How do I create a short cut for my TWS desktop application on the desktop? I have java installed on a linux machine and was looking at creating a tws.jnlp file. Thanks!

Hi All I see on morningstar website the theta values for a list of companies - this does theta value take into account the saturday and sunday or does one have to take the theta values and do the calculation for monday morning open. E.g, Theta at close of business is say -0.05 and the...

Hi All Am I correct in saying that if I trade the mini corn futures market, a $10 move in the corn price is like a $1 move in the mini corn contract and thus this is a $1000 change in the mini contract value ? Cheers!

Ok thanks all for your help - I think Mark's post helped me the most. Cheers!

Hi All I am having some trouble working out the IB margin formula which is: 100% * option market value + (20% * underlying market value - out of the money amount or 10% * strike price, whichever is greater) or $2.50 * multiplier * number of contracts, whichever is greater. Now, If I...

No - I did NOT get assigned! Cheers!

Hi Actually i usually don't look at what would have happen - lucky i got away from this trade - so to me there is no point to look to see what would have happen - I just think it will open higher tomorrow and I was willing to bear the loss. Cheers!

deep in the money is better as you have delta and theta on your side.

So an IC is similar to a short strangle with protection at either ends?

Hi All I see Mark advocates using the Iron Condor when markets are not very volatile - does this mean that the IC is best used when the volatility in the pricing of an option is low? cheers!

Totally agree with Mark here - do what you need to do and limit any losses - and after that forget about what could have happened - it could have become a lot worse as well.

What a RELIEF! Just checked my account in IB and I have NOT been assigned!! :) Thanks all for your kind advice and will not make this stupid error in the future. Cheers!

So one of two things will happen? 1. I get assigned and see -100 stock on GOOGLE come Monday OR 2. I don't see -100 stock on GOOGLE come Monday If I see option 1, then I will, at pre-market, buy 100 shares of GOOG to close out the position and taking any loss. Cheers!

I was going to close this trade, but the market closed as I hit the submit button - yes it was very poor of me to have this open position...still learning the ropes and I made a very stupid mistake.

Thanks Mark for your advice - ok from what I understand I will not know whether I have been assigned until Sunday about 12:00pm, then if I am, I should buy 100 shares of GOOG at LIMIT before market open? Is the market open after hours? Cheers!