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trading eminis preopening
- Thread starter Hombre
- Start date
Try Velocity Futures.
Intraday margins apply from 3:30pm to 3:15pm next day. Over night margins apply for positions that are not closed out in the previous session by 3:15pm. Margins apply to net contracts...
If you trade out of sub accounts and at 3:15pm you are
Acct 1: Long 12
Acct 2: Short 7
You are responsible for overnight margins for the net difference of 5 contracts.
You can place a short order for 5 contracts in acct 2 just before closeso you are net zero to eliminate overnight margins. Need cash in your account to cover the spread. At 3:30 you can close out the short 5 order and resume your previous position.
Costs you $25 in trading costs versus $25,000 of margin.
Pre- RTH has up and down limits set by CME... ie.5% or 60 points for ES.
Intraday margins apply from 3:30pm to 3:15pm next day. Over night margins apply for positions that are not closed out in the previous session by 3:15pm. Margins apply to net contracts...
If you trade out of sub accounts and at 3:15pm you are
Acct 1: Long 12
Acct 2: Short 7
You are responsible for overnight margins for the net difference of 5 contracts.
You can place a short order for 5 contracts in acct 2 just before closeso you are net zero to eliminate overnight margins. Need cash in your account to cover the spread. At 3:30 you can close out the short 5 order and resume your previous position.
Costs you $25 in trading costs versus $25,000 of margin.
Pre- RTH has up and down limits set by CME... ie.5% or 60 points for ES.
Quote from Hombre:
I've seen complaint on ET that Interactive Brokers don't allow preopen trading on eminis . What is your experience with this ? Does your broker restricts emini trading into regular trading hours ?
Thanks,
WTF are you talking about?
The only restriction that ANY broker imposes on trading outside of RTH, is higher overnight performance bond requirements.
What do trolls eat?
Yep, IB works great early morning. That's mostly what I trade... early morning 6E when Europe is up and going.. Some of the best consistent moves are 3:30-7am PST.