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I am a little confused. When I calculated my short-term profit, this amount is not shown on Schedule K-1, it would be reported on Schedule D, it is $260. Line 11 on Schedule K-1 has code C which stands for income or loss from contracts & straddles which makes sense for UNG. The income amount...

For IB, you would actually enter the order in as .1028 IB quotes their decimals different from the normal quote of 10.28

I spoke with Interactive Brokers about my confusion. On their daily statements they show the profit and loss as mark-to-market accounting (daily basis & settlement prices) which complies with their requirement to report your daily margin position. So what they are showing is really your...

Hi--I just completed my first trade with futures. I had bought the July Sugar #11 contract at 8.72 in May. I recently sold it for 8.77. When I do the math, my profit should be a small amount. But when I looked at my IB statement, it had quoted me the closing price of 8.56 (2 days ago) which...

I'm new to trading futures and have opened a paper trading account at IB. I'm a swing trader so I will be holding positions overnight. For example purposes, let's say I buy 1 contract of Cotton at 49. My overnight initial margin would be $1350 and overnight maintenance margin drops to $1000...