Questions on Standard Margin/ Intraday Margin

Autospreader said:
So your saying if the SPAN margin was say $800 for a spread you can offer $200 intraday for that spread ?
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Good question. I'm not sure Realtick or CQG, two platforms that we can offer this on, are capable of calculating margin on spreads. CQG would have a better chance of it. I'd have to ask.
 
That would be insanely good if the platform can calculate the spread margin for manually entered spreads and then apply daytrading margin to it. Doing it with exchange supported spreads is no big deal though.
 
Overnight said:
The thread was not informative, because as Old Man Morse was trying to point out to jovos, there is no hard-fast rule that can be defined here. It is all up to jovos's broker to define the ultimate rules he/she must follow. OMM mentioned that, and jovos asked again. OMM responded again, and without extra information, jovos will keep spinning his/her wheels looking for an answer on this forum. The direct answer is right in front of him/her now, as I have posted. The answers lay with the broker being used for trading.

OMM has provided a direct answer for what Lightspeed Trading may be able to do for jovos, and it may fit him/her. But if jovos wants to apply what OMM said about Lightspeed's rules to Generic Trading, that may not go well. Every broker is different. It is important for traders to know that, if they have not done due diligence and learned all they can about what they are or are not allowed to do with their broker, then they may get caught unawares in a bad situation.

I did not mean to have this seem like a rant...It is just frustrating that so many people do not take some obvious steps in trying to learn to be better traders...Like, when in doubt, go to the source. If the source and the middle-man do not agree, then get to the bottom of it.
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Well, you did just enumerate all the informative points brought up in the thread...just sayin'

Also, if it's for herself, it's just being diligent (or not). Due diligence is due only to a third party. ;)

And I don't mean to call you out...it's just a question I've never considered and I did in fact learn from this thread. I suspect even the financially literate might learn something from the specific ins and outs of each broker's handling of margin (or any other concept for that matter).
 
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beerntrading said:
Well, you did just enumerate all the informative points brought up in the thread...just sayin'

Also, if it's for herself, it's just being diligent (or not). Due diligence is due only to a third party. ;)

And I don't mean to call you out...it's just a question if never considered and I did in fact learn from this thread. I suspect even the financially literate might learn something from the specific ins and outs of each broker's handling of margin (or any other concept for that matter).
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Fair enough. Let us hope that jovos is/has read all of this, speaks with the broker, and replies here with what the specific rules are, verified by the Generic broker, for the account being traded.

There is no such thing as too much information...There is only too much uninformative crap-ass...?

(Just thought of that as a quotable line. However, I don't think that would have made it into a book by Bartlett...)
 
It is definitely just a policy that the brokerage employs to avoid risk. Reading their margin page, this sentence sticks out to me, "Strict adherence to the Intraday Margin Policy (provided upon funding account) is necessary to maintain day trading margin privileges." This also means that OP should already be aware of the policy.
 
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