Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Mind you, we are systematically biting more than we can chew with every single futures trade we make. We're paying a deposit of 5,000 for a contract that costs over 50,000.
With the ES for example, technically speaking, unless one has $56,250 in his/her account for every contract traded, one would be biting more than he/she can chew, right?
exactly my point, futures are already leveraged enough... equities PDT allow you to leverage 4:1... portfolio margin not being taken into account, since those are different rules anyhow... Futures.. on average 10:1... and scaringly enough many FCM/Brokers allow 20:1 or more...
anyhow, I just believe that IBKR is merely out to protect themselves, and if in reality one doesnt have enough capital one should not be trying to trade 10 contracts on a $5K account for example.. best to sick to just a single car on $5K and not have some crazy expectations about making $500 a day..
