Jeffrey, ES futures are $50 per POINT, and the NQ futures are $20 per POINT. Therefore, 6 ES = 6x ($50x S&P500) = 6x ($50x1043.75) = 6x...
Banditzz, IRA account is a cash account. The new sec rules do not affect cash accounts (including IRA), because they're only about margin...
tuna, A cash account can be updated in realtime while all transaction are settled T+3. As I have shown in my previous post. tuna wrote: If...
rafat, 1. Yes. If you have a cash account you can trade as many trades every day you want while waiting for T+3. (Although not all brokers...
Don't reveal your best strategies to Satan. Only to ArchAngel and other benevolent brothers and sisters in trading. :p
Best of luck next month. It's been almost a year since you started daytrading. When will you start trading Nasdaq stocks? Fohat
Zarrar, Datek gives 4:1 daytrading margin to those with less than 25k margin accounts. Overnight margin remains 2:1. Magna wrote: the...
Nasdaq, NYSE and SEC can't "touch" commodities futures and options tradining because they do not have jurisdiction there. Commodity futures and...
dufferdon, It's not over. The rule can be changed. Rules change. Just yesterday Nasdaq changed its longtime rules and allowed sub $1 stocks to...
jskeldon, Some brokers interpret the purchasing and selling of the same security during the day as only 1 daytrade. Thereofe, with those...
Datek offers 4:1 buying power to all margin accounts, even for those with less than 25k. The calculation of daytrading bying power at Datek is...
Cash accounts are not affected, because both new rules are only related to margin requirements (NASD 2520 and NYSE 431 MARGIN requirement...
When do the new margin rules take effect for Nasdaq? Tomorrow or Monday? Today at midnight. Tommorow morning, Spet.28, they'll be already in...
Yes, one can make a living trading futures. Why else trade them? To loose money? Are there traders here actually making a living trading them...
jkm, The new SEC rules affect margin accounts only, they do NOT affect cash accounts. Therefore, you can continue daytrading with a cash...
punter, Why on earth you will trade 1 share lots, except for testing? With 1 share lot you need 2 points move in the stock, just to break even...
Caveat Emptor
huby, The limit up/down in futures, actually slows down the market and protects the futures trader from sharp moves, it doesn't stop futures...
You actually "pay" the initial margin for each emini contract, which really is "a good faith deposit". The exchange(CME)<a...
klin, Not only that, on top of SIPC IB provides an additional 9.5 million in securities account protection through American International Group...
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