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Emini S & P 500 Intraday Trading Hours and Margin etc.
Are you looking for such a broker or just curious?
We can teach you how to set an auto liquidation function for your account specifically?
Thanks,
Matt
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]
Volume dies on the first 1-minute bar after 1600. If you have a position to close out after that point, you'd better do it fast and it had better not be large if you want a good fill.
I personally think of the period between 1600 and 1615 as a wasteland that I don't want to be part of. With essentially no participation (volume from big players), predictability is pretty much out the window (well, not that markets are ever that predictable, of course ,) and while you will get a fill, so what? Not much usually happens during that period, and there is no advantage, as a rule, in a day trader having a position then.
Close your trades just before 1600, if you want to wait that long, while the market is still active, would be my suggestion. I would be out well before... the market is winding down, there's no big benefit in hanging on, whether you're in a profit or not.
Brokers will usually tell you on their web page when they will cut off day-trading margins, and they will certainly tell you if you ask. While it's a good thing to know, just as a matter of having full information, I don't think it's a good thing to act on. Be out before 1600, which is the best time for a last trade anyway, and then the issue goes away
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
A better emergency time would probably be 15:59. The New York Stock Exchange closes at 1600, and arbitrage-related and hedging-related futures trades will mostly end then too. You want to close your trades into a still-active market.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
"safe" is up to you. Some stop at 11EDT and some at 4.59EDT.
Sometimes you have after-hours earning that could spark volatility and provide a further opportunity or further trend continuation. I wish there was a rule, it all boils down to your individual selection.
If you are starting out, 16:00 EDT should be fine.
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]
I just meant safe from overnight margins getting applied and possible charges depending on broker for holding overnight, I should have explained it better.
All positions that are carried over past 5PM o'clock EDT/4PM CST are subject to CME margins.
For the Emini S&P, the CME posts the Maintenancemargins, and you need to multiply it by 1.1 for the Initial Margin requirements. That is the minimum amount you need to carry it over.
Day trading margins are a requirement of your brokers, so you need to meet their minimums throughout the day.
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]
,) and while you will get a fill, so what? Not much usually happens during that period, and there is no advantage, as a rule, in a day trader having a position then.