How much is this move?

thyrus said:
OK, I suppose that's why there are E-Mini's . 3433 can be had for 34.33 per contract?
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Asking such a question indicates you're lack of knowledge about what you might be getting into, and nobody has clued you in. So....

1. When you trade 1 ES contract, you're putting into play ~ $170,000. The exchange requirement for maintenance margin is currently $12,000. That's what you must post to hold a trade overnight. You are 100% responsible and accountable for whatever happens while you hold that $170k contract! If you wipe out your posted margin, you're responsible to the broker for any deficit until the contract is closed.

2. Some brokers will let you day trade with $500 in margin money, but that means you have only "10 points" of cushion before that margin is wiped out. 10 or more points can occur quickly, as you hopefully already know.

3. There is a Micro ES contract at 1/10 the size of the Emini ES... IOW, a face amount of $17,000.

Now you know.
 
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Scataphagos said:
Asking such a question indicates you're lack of knowledge about what you might be getting into, and nobody has clued you in. So....

1. When you trade 1 ES contract, you're putting into play ~ $170,000. The exchange requirement for maintenance margin is currently $12,000. That's what you must post to hold a trade overnight. You are 100% responsible and accountable for whatever happens while you hold that $170k contract! If you wipe out your posted margin, you're responsible to the broker for any deficit until the contract is closed.

2. Some brokers will let you day trade with $500 in margin money, but that means you have only "10 points" of cushion before that margin is wiped out. 10 or more points can occur quickly, as you hopefully already know.

3. There is a Micro ES contract at 1/10 the size of the Emini ES... IOW, a face amount of $17,000.

Now you know.
More...

They don't find 17k to be a hit high for a Mini?
 
thyrus said:
They don't find 17k to be a hit high for a Mini?
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You mean Micro, not Mini. The 17K is not the performance bond, it's the notional value. 1/10th the size. So the maintenance would be $1200 (although $1320 is the real number you would need.)
 
thyrus said:
They don't find 17k to be a hit high for a Mini?
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It's all relative. I haven't checked to see if the "big/pit contract" in the SP Futures is still trading, but when it did it was "250 x SPX". That would today make 1 Big Contract = $850k

An "Emini ES" is relatively mini @ $170k

A Micro ES is micro @ $17k.
 
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