" Overnight / Maintenance " Margin question ............... - futures io
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" Overnight / Maintenance " Margin question ...............


Discussion in Commodities

Updated by md1933
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" Overnight / Maintenance " Margin question ...............

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  #1 (permalink)
memphis
 
 
Posts: 74 since May 2016
Thanks: 110 given, 14 received

I just want to double check ( before I place a trade ) , that:
so long as I close out the one position on ( Copper ) by Market close ( 3 p.m. cst. ) , that I can then re-Enter an Entirely NEW trade on that same market ( Copper ) come 5 p.m. cst. on that same day

And that by doing so , I will not have to have the Amount of $ in my account ( Maintenance / Overnight Margin wise ) to place this trade / trade the Futures and Commodities markets as forementioned ?

I want to enter a trade during the day ...... Exit that trade by the close of the Market on that same day , and then re-enter a trade on that same market AFTER the period of time has elapsed for me to bypass having to have X amount of dollars in my account to meet the Maintenance/Overnight Margin requirements

Thank you for any and all help and insigth

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  #3 (permalink)
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md1933 View Post
I just want to double check ( before I place a trade ) , that:
so long as I close out the one position on ( Copper ) by Market close ( 3 p.m. cst. ) , that I can then re-Enter an Entirely NEW trade on that same market ( Copper ) come 5 p.m. cst. on that same day

And that by doing so , I will not have to have the Amount of $ in my account ( Maintenance / Overnight Margin wise ) to place this trade / trade the Futures and Commodities markets as forementioned ?

I want to enter a trade during the day ...... Exit that trade by the close of the Market on that same day , and then re-enter a trade on that same market AFTER the period of time has elapsed for me to bypass having to have X amount of dollars in my account to meet the Maintenance/Overnight Margin requirements

Thank you for any and all help and insigth

This is very broker specific. But typically you need to have day trading margins to enter the trade. If you close the positions before the session ends, and reopen after then you are subject to day trading margins again. If you wish to keep overnight you need to make sure you have initial overnight margin. Again, this is broker specific. Best is to ask your broker their policy.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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 support@OptimusFutures.com
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  #4 (permalink)
memphis
 
 
Posts: 74 since May 2016
Thanks: 110 given, 14 received

Thank you for your help mattz

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mattz's Avatar
 
Posts: 2,480 since Sep 2010
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md1933 View Post
Thank you for your help mattz

You are welcome. Always glad to help.

Just put the @ sign in front of my name if you have other related questions.
This would alert me.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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 support@OptimusFutures.com
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  #6 (permalink)
memphis
 
 
Posts: 74 since May 2016
Thanks: 110 given, 14 received

mattz ,

Thanks so much
I really appreciate it

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