To everyone who wants to quit their job and trade full-time

Quote from uptickk:

Does anyone know the intraday and overnight margin requirements?
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From Interactive Brokers
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Korea Stock Exchange (KSE)



attachment.php




calculator for conversion

http://coinmill.com/KRW_calculator.html#KRW=8359375


I do not see k200 listed in IB 50% margin though

Futures - Intraday Margin

http://individuals.interactivebrokers.com/en/p.php?f=margin
 

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Quote from TIKITRADER:

I do not see k200 listed in IB 50% margin though
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Until recently intra day used to be the same as overnight. It has been halved, which is great for day trading since there is no need to keep 17k-20k per contract on the account.
 
Quote from jackson1234:

I trade SPI, Topix, Nikkei (SGX), Kospi, HSI and JGBs. I don't daytrade off charts, so from my perspective they are all the same. However, for the technical traders the Kospi would probably be the best/easiest, followed by the Nikkei. The HSI can be thin, and is no good if you want to end up trading size with stops in the market. SPI and JGBs can be erratic.

Been with IB since the beginning and they have been great for me.
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What do you use if you dont use charts?
thanks
 
Quote from RedDuke:

I totally agree with what you said. This is actually exactly what I am doing.

It used to be harder when I used to get up at 2:45am to trade DAX. (I live in NY), but slightly over 1 year ago CFTC allowed KOPSI futures to be traded by US residents.

KOSPI is a great contract. It is liquid, has high tick value and has decent runs. It opens at 7pm EST, next week after time change it will be opening at 8.

I strongly suggest anyone who wants to make it as a trader, but does not know yet whether it is his cup a tea to try trading it.

There are other decent Asian contracts, but KOPSI has the best characteristics.

Regards,
redduke
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I totally agree with what you said. This is actually exactly what I am doing.
 
Would also put in a recommendation for the K200 on the KSE.

I'm based in Denver, CO (MST), full time Globex trader (ES), and the K200 is a great "catch-up" substitute for days I need to take off during the 730am-200pm MST session. Currently runs at 6pm-12am (MST), which for me is as ideal as it gets. Up through late fall 2009, any AH trading I utilized the DAX (530am-730am MST) or the ES from ~830pm - 11pm (MST) when Tokyo was back online from lunch. ES within that time frame was productive for me up through ~June/July 2009. Unfortunately it turned zombie on me, so I had to pick up the slack elsewhere.

I trade K200 via IB. FWIW, look at it with a 3 & 15min lens and typically trigger 1-3 trades per session on the rare occasion I trade it. Generally taking targets in the 5 to 12 tick range and don't touch the opening 30mins. VWAP and respective std deviations are often in play. Market order slippage, as others have stated, is minimal. 99.9% of traders here can comfortably drop their required size @ market if need be. Liquidity significantly better than YM/NQ (at least last I checked...ages ago). It's not an ES/DAX highF scalper type wet dream IMO. For the most part, feels like you're trading against human execution or non-predatory HALDots.:p

As others have asked, please do not PM how and why as I won't answer. Keep it in the thread for all to read.
 
I know this is an old post but I recently got into trading, although I can't quit my job yet, I would love too. I became a Civil Engineer out of just getting a diploma and am miserable. Money is decent but not nearly enough to change the world.

I would be interested in learning it all and especially trade overseas!

Let me know if you can help!
 
I work a day job and swing trade. I'll hold a position for 1-4 days, which makes it possible for me to work and trade. I'll resign from my job when I hit a certain number.
 
Quote from schuler:

Hmm, K200 sounds interesting. Does it trade as a 1256 contract (US tax-wise)? Thanks.
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No it is not unfortunately, since KRX is not "Qualified Board or Exchange" under 1256.
 
Quote from STC Capital:

I work a day job and swing trade. I'll hold a position for 1-4 days, which makes it possible for me to work and trade. I'll resign from my job when I hit a certain number.
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same here except my winners span over 20 days or so. as my size increased to meaningfull, I find that job is distraction. Last winning trade I have missed due to work related events, cost me more than yearly income from work. As such winners do not come too often, it is frustrating.

on the other side, if you do not have enough play money, it may be not fun as running my system consumes only couple of hours max a day. Farting at home day after day not much fun.
 
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