Did I read this right?

[rb7]

Was dabbling into going long 1 (all of them 1) BTC Futures at Interactive brokers and the margin requirement is $115,294? That's over 300% for a long position? Where I can only lose 100%
Beats me. No wonder volume is low...
What am I missing here?

With all due respect, stay away from trading futures if you cannot understand the basic futures contract specs.

 

[SunTrader]

With all due respect, stay away from trading futures if you cannot understand the basic futures contract specs.

It's fairly new and a bit confusing.

eMini is 1/4rd size meanwhile

eMicro BTC is 1/10th size. Mainly because they made the large one ... too f'ng large at the start. Although I have no idea I would think CME is rethinking that.

 

[SunTrader]

It's fairly new and a bit confusing.

eMini is 1/4rd size meanwhile

eMicro BTC is 1/10th size. Mainly because they made the large one ... too f'ng large at the start. Although I have no idea I would think CME is rethinking that.

Correction: meant to say 1/10th of a coin or 1/50th the size of large one.

 

[taojaxx]

So that's good. Then I can put 10 grand on that thing -say 3 contracts- and roll them over till it's all gone. See how long that takes. Kind of like feeding the slots in Vegas with a set amount of cash lol