seeking lowest CL daytrade margin

Quote from increasenow:

yea, $3,300 WAY TOO HIGH
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lol, 3.3k is too high? trading oil is one of the toughest, and you want low margins, hahaha. post when you blew your account.
 
Quote from mr888:

lol, 3.3k is too high? trading oil is one of the toughest, and you want low margins, hahaha. post when you blew your account.
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I'd trade it with a $150 daytrade margin
 
Increase, unless you've graduated to super futures trader over the past few weeks do NOT touch the CL. The Oil market is <b>easily</b> one of the hardest markets to trade. To add fuel to the fire, you are looking for the lowest margined broker available. For the record, it's probably Global Futures but if you try and trade that monster you'll blow up fast!

It's you vs. Exxon Mobil, BP Amoco, and the likes, in this market. Good Luck. You'll need a lot of it.

Quote from increasenow:

will change to get low, low CL daytrade margin...what are the lowest CL daytrade margins you are seeing per broker...again, just interested in CL daytrade margins...thanks!
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Here you go. $1,650 for intra-day contracts. This is probably for the QM. The QM is $500 per point, the CL $1000. The spreads are not bad on the QM during regular trading sessions. You can use limits or stop limits to manage the fluctuations in the spread. It's actually more difficult to manage the spread getting out than it is getting in.

http://www.globalfutures.com/margins/margins.asp

Oh, and....if you use stops while day trading this....they can actually get hit even if the market doesn't actually trade there. Tight stops on this instrument guarantee you'll lose quick. <b>It's not for beginners.</b>
 
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