Quote from floortradr542:
I'm much more aggressive and confident in my style: $2500 margin per contract. Thus $250,000 equity is 100 contracts.
As for Globex going down. It did once that I know of. April 26, 2005 @ 9:52 a.m. C.S.T. and did not resume until 12:45 p.m. for a total meltdown of 3 hours. If you were long, you're SOL. But if you're short, stay put. They'll be (and was) a mad dash to the exit once Globex resumed trading. A mini crash if you will. The market opened 8 ES points down from where it left off. Remember, markets crash down, not up. And the market continued to trend lower and close down for the day. Globex crashing is not the trajedy one thinks-- if one is short the market, it is a Godsend!
