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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.
Be safe.
My 2 cents.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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.
Right on the money Mike! at the same time the exact same people spend thousands upon thousands on education each year.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
