No disrespect to anyone on elitetrader but how many have $500k per ES contract In their acct? I would venture to say 0.01%. Not to mention they would not be posting here.
ES Journal - 2014
- Thread starter murica
- Start date
No disrespect to anyone on elitetrader but how many have $500k per ES contract In their acct? I would venture to say 0.01%. Not to mention they would not be posting here.
Brokers "job" is to offer the collateral for these $500 000/contract. So that the trader does not need to put in half a million to trade 1ES.
Trading is even better than flipping houses, just for the brokers role.
Trading is even better than flipping houses, just for the brokers role.
The notional value of one ES contract is 1976.75*50 = $98,837.50 right now. That is, if you trade 1 contract per $98,837.50 you will never have a margin call. So I am not sure where that $500k per contract is coming from. Maybe emg trades SP. Then he is correct.
So start shopping around for brokers. You don't need 100k to trade 1ES.
Lol, i found it funny!!!!
Unfortunately, your humour was lost on Master Coli and the Star Wars chap
Visaria, as an aside I see both of us arrived in ET in Sep. 2004. 10 year anniversary coming up hehe. Maybe Baron should hand out plaques or something