I am tired of day trading, but overnight margin is too high

nokomisjeff · May 17, 2008

Why don't you trade spreads......pretty low margin in spreads.

ammo · May 17, 2008

you can get flat at the close and put your future back out after the reopen in ah,or by spy puts or calls or option sprds so you dont get caught in 25 pt ah spu moves on the wrong side

MandelbrotSet · May 17, 2008

Quote from tatsimon:

at what time does IB overnight margin kick in?

depends on the product being traded ... shoot them an email and they should be able to give you that information.

nevadan · May 17, 2008

This page will have all the AH margins.
http://www.mirusfutures.com/futurestrading_resources_margins.htm

promagma · May 17, 2008

Quote from tatsimon:

at what time does IB overnight margin kick in?

In my experience, IB starts auto liquidating futures at around 3:50 or 3:51pm if you aren't meeting the overnight margin.

Landis82 · May 17, 2008

Quote from APA:

I've done the calculation

does anyone know a good futures broker with low overnight margin

and please don't send me to a bucket shop cause I would pull my sako 85 rifle (brand new) and start taking people out

You shouldn't be in this "game" if you don't already understand that the EXCHANGES and CFTC set the overnight margins, not the broker.

You said in a previous thread that you have been long gold for quite some time . . .
Ever take a look at the overnight margin?

Guess not.

tatsimon · May 17, 2008

Quote from promagma:

In my experience, IB starts auto liquidating futures at around 3:50 or 3:51pm if you aren't meeting the overnight margin.

OK, I believe I read that bundled commission rate is better if you hold over night and unbundled is better for day traders.

If I close my positions at 4 to 4.15 PM, would that mean I am holding overnight?

Thanks

demoship · May 17, 2008

Quote from Landis82:

You shouldn't be in this "game" if you don't already understand that the EXCHANGES and CFTC set the overnight margins, not the broker.

You said in a previous thread that you have been long gold for quite some time . . . Ever take a look at the overnight margin?

Guess not.

There's so much misinformation here, and so many people who clearly don't know shit.

Shifu the ONE · May 17, 2008

Hi

Why would you ever want to position trade the ES for?

When the IM is $3,500 to $4,000 per one lot contract and the ES's "daily" price change, is only an average of a 2 to 4 point ? (And only if your trade is on the correct market side).

Very poor odds of making good money and safely that way.

The IM for ES intraday is around $500 per lot, meaning way less risk trading.

I am an intraday price up and down swing flow trader.

Shifu the ONE

promagma · May 17, 2008

Quote from tatsimon:

OK, I believe I read that bundled commission rate is better if you hold over night and unbundled is better for day traders.

If I close my positions at 4 to 4.15 PM, would that mean I am holding overnight?

Thanks

Yep anything after 4pm for futures is overnight, and with IB you really gotta get out by 3:50pm. Unbundled is only a better deal if you do a lot of volume.