I would like to discourage the behavior of placing trades after the market closes if you don't have the margins. If you are a day-trader, then closing your positions, counting your P&L and consolidating should be part of your routine regardless of negative or positive P&L.
There is always the temptations to reopen positions after hours, but if you have a large positions over-night or one that requires full margin and you are under margin, you could be restricted in the future even if technically it's a new day.
Over night exposure, imho, it's a big risk.
The margins are also set to protect you against adverse market move, don't look at it as a restriction rather as a helping guide. If you are a swing-trader be prepared to operate with the type of capital that justifies your method. i.e enough money for over night.
My 2 cents.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
I agree with mattz and didn't mean to make it sound otherwise. This entire thread will, in general, attract only people who cannot afford to trade (underfunded). Yes sure, there are some people who just want free data and will fund a minimal account, but vast majority asking the question of "who has lowest margins, who has lowest account opening" are people that can't afford to trade.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following 2 users say Thank You to Big Mike for this post: