MattZ
Sponsor
You should. But, not only because of Margins, but because we can hook up your Multicharts to Rithmic for order routing and send it directly to the Aurora Center. We could potentially improve your speed of execution.
ES/NQ Trading - looking for solutions
- Thread starter syswizard
- Start date
You should. But, not only because of Margins, but because we can hook up your Multicharts to Rithmic for order routing and send it directly to the Aurora Center. We could potentially improve your speed of execution.
Dude - you are way off....
https://www.interactivebrokers.com/...ex=us&rgt=0&rsk=1&pm=0&rst=101004100808080101
GLOBEX ES E-mini S&P 500 ES 4228.625 3382.90 8457.25 6765.80 USD Yes
$4229 for ES intraday: So a $20k account can handle that for a 4 lot
GLOBEX NQ E-mini NASDAQ 100 Futures NQ 5808.08 4646.46 11616.16 9292.93 USD Yes
$5808 for NQ intraday. So a $20k account can handle that for a 3 lot
Yeah, but see my recent post...I can do it with $20k at Interactive Brokers....without SPAN.
Quit teasing me Zanty....I just love my mouse, that's all.
Thanks for that Carl......at lease one positive post.
Is that # of trades (ticks) or Volume ? I don't think there's any way to get the number of traders, is there ?
I don't feel that way. I'm never yelling anymore or punching the walls out...LOL I'm calm when trading now.
Actually, I stated I'm NOT flattening trades....I just let them hit my stop loss.
And opposite of what you said, I am getting INTO trades far too LATE, NOT EARLY....I'm just not quick enough or I have a hesitation complex....yet another set of problems to correct. When I do this, the money has already been made and when I get in there's profit-taking and the market reverses.
I'm getting there.
Matt - when I get consistently profitable I'm going to consider this. Right now stop orders are placed on Interactive Brokers servers which are connected the CME Globex servers. I know that's not the best, but it's at least better than locally stored stop orders.
If rithmic is connected directly to the exchange, that would be a huge plus.
And the fact you support Multicharts is a huge plus....I don't want to spend time learning the language of another trading platform and having to do a complex conversion. That would really suck. I'd be back to programming instead of trading....lol.
OK, you had an earlier post on this as well. This is the most useful, real world advice I can give anyone. The amount of margin required is the worst possible criterion for selecting a broker. You do not ever want to be pushing max margin. A good guide is to limit required margin to 30% of account equity for day trades. That means with a $100k account, you could trade basically 7 ES contracts at IB. In today's markets, I actually think that is too much, particularly for newbies. But IB will let you trade 20 cars with that $100k and people here are complaining that they are too tight on margin. They are actually doing you a big favor.
what is feasible and what is practical and what is reality are all different things you trade for these and three of those with a $20,000 account and I'll bet within 3 months or less your done