anyone here know the AMP rules? for the interday margins i have to be out before the close(i think with AMP its 5mins before the close), then once it opens again i can get back in on inter day margins? basically im only charged overnight margins while its closed?
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The following user says Thank You to madLyfe for this post:
You should check with Amp, but in general, overnight margin only comes into effect if you carry a position past the close of the cash session. If you close a position a few minutes before close (I believe it may be 15 minutes), and then re-enter the position when the new session starts, you should avoid overnight margins.
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The following user says Thank You to Big Mike for this post:
If your broker is Mirus then overnight margins only apply if you carry a position during the daily shut down. For the ES that is 3:15-3:30pm Central. For 6E the shut down with overnight requirements is 4-5pm Central. For TF it is 5-7pm Central.
The following 4 users say Thank You to trendisyourfriend for this post: