YM Magic!

steve2222 said:
Maybe at IB but not necessarily at other brokers. For instance at AMP overnight margins only apply between 5pm and 6pm US ET ie when the futures exchange is closed. All other times ie.nearly 23 hours a day only $500 is reqd for YM margin. Not saying if this is good or bad - just stating what it is. PS of course overnight margins apply across the weekend as well.
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i think day trading margin is supposed to work only during US session hours

i know if you hold a position from day into night, you'll get a margin call
 
recession2016 said:
i think day trading margin is supposed to work only during US session hours

i know if you hold a position from day into night, you'll get a margin call
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It depends upon your broker. Maintenance margin with AMP only applies during the point of time that the electronic market is closed, until open. For many instruments, that is one hour during a 24-hour day.

You will not get a margin call unless your maintenance margin falls below the risk tolerance level of your broker's SPAN calculations.

Call your particular broker and ask these questions to be sure.
 
Overnight said:
It depends upon your broker. Maintenance margin with AMP only applies during the point of time that the electronic market is closed, until open. For many instruments, that is one hour during a 24-hour day.

You will not get a margin call unless your maintenance margin falls below the risk tolerance level of your broker's SPAN calculations.

Call your particular broker and ask these questions to be sure.
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Agreed.

AMP make that clear here: http://www.ampfutures.com/trading-info/margins/

And lots of other brokers operate the same way. Not sure about IB though as have never used or looked at them in any detail.
 
Van_der_Voort_4 said:
to me exponential growth has a feel of a gamble.
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That's exactly what you're supposed to feel.

Logarithmic is for exploration but doesn't make money, exponential is for making money, the best traders can transition from one to another under their control. The markets don't sleep, they continually change, if you can't transition a strategy it will fail, the only factor is when.

The faster and more accurately you can transition, the more money you make, 99% don't make it to a working strategy, of the 1% left most of them struggle to keep it current. The financial markets are a very simple application of Newton's Third Law, with an incomprehensible amount of noise between the extremes.
 
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birzos said:
That's exactly what you're supposed to feel.

Logarithmic is for exploration but doesn't make money, exponential is for making money, the best traders can transition from one to another under their control. The markets don't sleep, they continually change, if you can't transition a strategy it will fail, the only factor is when.

The faster and more accurately you can transition, the more money you make, 99% don't make it to a working strategy, of the 1% left most of them struggle to keep it current.
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IMHO trading is not a business per se,i look at this from philosophical point of view.Rapacity plays no part in this.Money is how score is kept,that's it.
To be able to do it with any consistency is a privilege,it's like a gift.It is all about the boundaries,the invisible enemy- how i process all this,own limitations.
Forget about going for exponential growth,play cool-this is how i understand this.

If strategy is not robust - this is very dangerous game,may as well classify it same as random entry.On other hand any robust systematic strategy is very,very hard to put together,because it goes back to those boundaries.
 
Taking losses on 5 lots so lets up it to 9 lots.

4/27/17 8:42 @YMM7 MINI DOW LONG 5 20946 4/27 8:58 20931 ($445)
4/27/17 9:37 @YMM7 MINI DOW LONG 5 20926 4/27 10:09 20915 ($345)
4/27/17 10:13 @YMM7 MINI DOW LONG 9 20934 4/27 10:29 20913 ($964)
 
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southall said:
Taking losses on 5 lots so lets up it to 9 lots.

4/27/17 8:42 @YMM7 MINI DOW LONG 5 20946 4/27 8:58 20931 ($445)
4/27/17 9:37 @YMM7 MINI DOW LONG 5 20926 4/27 10:09 20915 ($345)
4/27/17 10:13 @YMM7 MINI DOW LONG 9 20934 4/27 10:29 20913 ($964)
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Yeah I saw that too.
Patience TT1.
At least you're pretty much even for the month.
Don't get all stupid and try to make your numbers in one day. Then its just gambling. Evaluate your trades.
g/l
 
i think he has completely the wrong attitude. If he would try to do 1 trade every day and take 5$ each time he would have a much better result than he has now. He should be very selective in picking the trades.
He has almost 60% losing trades. He will make his broker rich, at least if he survives long enough before blowing up.
 
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