SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (35091)10/4/1999 12:29:00 PM
From: John Pitera  Read Replies (1) | Respond to of 44573
 
Chip, I thought that one could trade 10 contract with between 250,000 and 275,000? and we could take the equity in our account and divide it by 25,000 to determine the number of contracts avail.

PS: Just thought this..... are there different margin requirements for day traders....????



To: Chip McVickar who wrote (35091)10/4/1999 12:31:00 PM
From: Gersh Avery  Respond to of 44573
 
You are correct Chip ..

OK .. So where am I at?

My broker failed to tell me I was over my limit when I placed the first short this morning.<g>

My intent was to go from long 12 to short 12 ..

gotta ask the Bull I guess ..



To: Chip McVickar who wrote (35091)10/4/1999 12:39:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 44573
 
Hi chip .. I just checked the rules again post 34550.

David sayz $12,500 margin requirement for each contract.

12.5k*12 = 150k

Is there a limit on the number of contracts traded?

Gersh