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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
Can you help answer these questions from other members on NexusFi?
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 [email protected]
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 [email protected]
