Earn 2 Trade the gauntlet

[Earn2Trade-Ryan]

When the exchange is closed, there is no additional risk because nothing moves. If the same rules that apply at 4:59PM also apply at 6:00PM, why can they not be simply transferred from one trading day to the next?

An Idea I had about this is if you are worried about the overnight margin kicking in, then why not have a rule that allows traders to be in the overnight, but with less contracts?

For example, you allow 15 contracts during the session on a 150K account. How about an adjustment to the account that if they want to swing, they can have only, say, 5 contracts through the close?

It is not like the stops and targets get dissolved at the close of the market. You guys do GTC orders I assume.

So maybe a check box for new trials they can select for being day only, or day+swing? Add some extra rules? I think that would get you some more customers...?

There is absolutely additional risk when the exchange is closed. Did you see the huge opening gap on Sunday night with oil? If you were short before the exchange closed you would have gotten a rude awakening and many likely went debit in their account.

If people want to hold while the exchange is closed, we offer that, in our original Gauntlet.

 

[coskinas]

There is absolutely additional risk when the exchange is closed. Did you see the huge opening gap on Sunday night with oil? If you were short before the exchange closed you would have gotten a rude awakening and many likely went debit in their account.

If people want to hold while the exchange is closed, we offer that, in our original Gauntlet.

That was scary for sure!!!!!

 

[ElectricSavant]

If you remain in one session there's no overnight margin

 

[Overnight]

There is absolutely additional risk when the exchange is closed. Did you see the huge opening gap on Sunday night with oil? If you were short before the exchange closed you would have gotten a rude awakening and many likely went debit in their account.
...

Yes, I saw it. So for people who want to hold through the overnight, you do not lever them to the max on their account equity. It went up ~9000 bux per contract on that gap. With 15 contracts on a $150K account, it would be the margin of like 135K + the ~55K for the margin. So the account would be down like 55K over the limit.

BUT! If you limited the max position size to something like 1-5 contracts, you'd be well under the $150K account size.

And of course we see where CL is right now, it is a paltry -3-4K per contract from where it started. With a limitation of just a few contracts per swing on such a huge account, you might retain or even attract more clients.

 

[Earn2Trade-Ryan]

If you remain in one session there's no overnight margin

Yes there is, it’s called initial margin. Then it becomes maintenance margin.

 

[Overnight]

Yes there is, it’s called initial margin. Then it becomes maintenance margin.

And initial is 10% above maintenance. Aye.

 

[Earn2Trade-Ryan]

Yes, I saw it. So for people who want to hold through the overnight, you do not lever them to the max on their account equity. It went up ~9000 bux per contract on that gap. With 15 contracts on a $150K account, it would be the margin of like 135K + the ~55K for the margin. So the account would be down like 55K over the limit.

BUT! If you limited the max position size to something like 1-5 contracts, you'd be well under the $150K account size.

And of course we see where CL is right now, it is a paltry -3-4K per contract from where it started. With a limitation of just a few contracts per swing on such a huge account, you might retain or even attract more clients.

That’s why we allow it on the regular gauntlet as we don’t allow for day trade margins.

 

[Overnight]

Yes there is, it’s called initial margin. Then it becomes maintenance margin.

Ahh, I bet you are responding to Electricsavant. He has me on 100% block mode, being a blockhead. *sighs*

Anyways, I thought this was the Gaunlet we were speaking of?

 

[Overnight]

Ahh, I bet you are responding to Electricsavant. He has me on 100% block mode, being a blockhead. *sighs*

Anyways, I thought this was the Gaunlet we were speaking of?

What happened here, Earn 2...If someone has another user on full on block mode, I can see your responses to them, but not what they typed. Even if you quote them, their text is filtered out. So all I see is the exchange between you and I. It may be hard for you to imagine how it looks on my end, but all I see is you and I exchanging in the past 15 minutes, no Electric Savant text at all.

 

[Earn2Trade-Ryan]

Ahh, I bet you are responding to Electricsavant. He has me on 100% block mode, being a blockhead. *sighs*

Anyways, I thought this was the Gaunlet we were speaking of?

There are two now. The regular 60 day one and the shorter 15 day one. Shorter = intraday only.