What about those $300-$500 Initial Margin Brokers for Day Trading E-Mini S&P 500?

spad said:
The amount needed to daytrade ES or NQ (for example) is daytrade margin required by broker and amount of maximum drawdown of your system (maybe multiplied by 2). So if my system has maximum drawdown 800-1000 for one contract - I will count it as 2000. Then I can add broker margin requirement and that is. For AMP I need 400 (ES) + 2000 = 2400, for Tradestation I need 6600 (50% of initial) + 2000 = 8600. With 8600 dollars you can daytrade one contract with Tradestation or 3 contracts at AMP. But you have to have reliable and backtested system and follow the rules to avoid higher drawdown. You do not need 10000 or even more for one e-mini contract.
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That's a great rule of thumb. It also makes more sense to me (since the maximum loss I'm willing to take in a day is $500 - to have about $1400 per contract position with AMP's $400 margin per position).

Thanks!
 
Cannon_Trading said:
Usually brokers who are only futures will give lower DT margins, like us and some of the companies mentioned above. Companies who also offer equities, usually dont have as good as risk system with futures and hence offer higher day trading margins.

While we also offer $500 day trading margins, I personally think a trader should use much higher level per contract with now days volatility and price movement.
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Does your broker offer OPTIONS on bitcoin?
 
Valued Futures Clients, {received today, 11/21/20}


TradeStation has reinstated reduced intraday futures margin rates for US Equity Indices as well as select Currency, Energy, Interest Rate, and Metals contracts as Monday November 23, 2020. These reduced margin rates are available from 8AM-4PM ET. In addition, CFE Vix Futures products will require 100% of initial margin to establish a position and 100% of maintenance margin to maintain positions


The TradeStation Trading Operations and Risk Management teams will be actively monitoring global markets and we will advise on the ongoing status of intraday margin rates.


Please contact the Futures Trade Desk at 1-800-837-8951 if you have any questions.


Regards,


TradeStation Trading Operations Team
 
SunTrader said:
Valued Futures Clients, {received today, 11/21/20}


TradeStation has reinstated reduced intraday futures margin rates for US Equity Indices as well as select Currency, Energy, Interest Rate, and Metals contracts as Monday November 23, 2020. These reduced margin rates are available from 8AM-4PM ET. In addition, CFE Vix Futures products will require 100% of initial margin to establish a position and 100% of maintenance margin to maintain positions


The TradeStation Trading Operations and Risk Management teams will be actively monitoring global markets and we will advise on the ongoing status of intraday margin rates.


Please contact the Futures Trade Desk at 1-800-837-8951 if you have any questions.


Regards,


TradeStation Trading Operations Team
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Great news. I literally just chatted with an agent yesterday, however, who said the 50% of initial would likely remain for a long time.

TradStation website still shows 50% of initial. Is that the update?

See here: https://www.tradestation.com/pricing/futures-margin-requirements/
 
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