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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #2251 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Wednesday trade

Dax short 11:30 to 15:30

entry @ 10022
exit @ 10052 (SL)
result -30 points

IB vol very high

GFIs1

... first it looked still promising - but then the bears were pushed out...


Last edited by GFIs1; August 26th, 2015 at 06:58 AM.
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  #2252 (permalink)
Market Wizard
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Important for IB traders

IB announced yesterday - to future traders - to NOT give a intraday margin...

Means - all margins are based on OVERNIGHT calculation.
Is for the Dax future >25K EUR right now PER contract!

The same is due also for all derivatives.

"Background" are the high volas and volume from Monday...

Can help to prevent some overly losses - but is most hindering making
some good points in special situation.

GFIs1


Last edited by GFIs1; August 26th, 2015 at 05:57 AM.
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  #2253 (permalink)
Market Wizard
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GFIs1 View Post
IB announced yesterday - to future traders - to NOT give a intraday margin...

Means - all margins are based on OVERNIGHT calculation.
Is for the Dax future >25K EUR right now PER contract!

The same is due also for all derivatives.

"Background" are the high volas and volume from Monday...

Can help to prevent some overly losses - but is most hindering making
some good points in special situation.

GFIs1

Moreover, this prevents many medium accounts with FDAX systems that need a meaningful
scaling in/out of several contracts from trading. So if one is convinced that his/her system also
works under the current volatility conditions, it's one of the - rare - special situations where it
can be better to use CFDs instead of the future even with a medium/high 5-figure or
(lower) 6-figure account.

At the moment, most CFD brokers still can keep their (F)DAX margins constant (make an educated guess, why ).

P.S.: The caveat about volatility is for a reason ... remember the CHF.


Last edited by choke35; August 26th, 2015 at 06:42 AM.
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  #2254 (permalink)
Elite Member
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GFIs1 View Post
IB announced yesterday - to future traders - to NOT give a intraday margin...

Means - all margins are based on OVERNIGHT calculation.
Is for the Dax future >25K EUR right now PER contract!

The same is due also for all derivatives.

"Background" are the high volas and volume from Monday...

Can help to prevent some overly losses - but is most hindering making
some good points in special situation.

GFIs1

Hi GFIs1,

I also noticed the margin increase, by always looking everyday in the TWS system what the margin is. You say they announced it, but I can't find anything on there site or how they determine these margin increases. Did you get an email or something from IB, or are you subcribed to something for this sort announcements from IB?

thanks,

Evdl

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  #2255 (permalink)
Market Wizard
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Evdl View Post
Hi GFIs1,

I also noticed the margin increase, by always looking everyday in the TWS system what the margin is. You say they announced it, but I can't find anything on there site or how they determine these margin increases.

IB shows all future margins here:
https://www.interactivebrokers.com/en/index.php?f=margin&p=fut

Today they announced new high levels for ONE contract: >31K
The good news is that from today per contract old half overnight prizes
for day margins are used....

BUT: >15K - which is NOT acceptable.

GFIs1

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  #2256 (permalink)
Market Wizard
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GFIs1 View Post
IB shows all future margins here:
https://www.interactivebrokers.com/en/index.php?f=margin&p=fut

Today they announced new high levels for ONE contract: >31K
The good news is that from today per contract old half overnight prizes
for day margins are used....

BUT: >15K - which is NOT acceptable.

GFIs1

Guess, for the future we can count on such increases when circuit breakers are activated (in the US or elsewhere).
The so-called regular margins are calculated by the Eurex, based on a volatility system that is adjusted from time to time.

You can download the Eurex margin calculator at Eurex - Eurex MarginCalculators .
It's also interesting for those who never thought about differences between the Eurex margins and those of their brokers.
Comparing the numbers you get a pretty good impression if your broker spurs on risk, last but not least for small accounts.

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  #2257 (permalink)
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choke35 View Post
It's also interesting for those who never thought about differences between the Eurex margins and those of their brokers.
Comparing the numbers you get a pretty good impression if your broker spurs on risk, last but not least for small accounts.

A person who concluded that the very low-margin-for-day-trading brokers are simply out to fleece their smaller customers by enticing them in just might be right....

No names, of course.

Bob.

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  #2258 (permalink)
Market Wizard
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GFIs1 View Post
....

BUT: >15K - which is NOT acceptable.

GFIs1

Margins for 1 Dax future @ Dax price of 7K some months ago were intraday around 8K.
Yesterday margin for the same Dax future was >31K...
Even the markets have not moved that much.

Shows again that (some) brokers can shift intraday/overnight margins at their own wish...
AND push margins into the sky.
Has not really to do with actual pricing on THE actual market... just taking profit on volatility:
Means optimizing own cash flow!

A pity - be aware
(same is for derivatives - as IB is concerned)

GFIs1

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  #2259 (permalink)
Market Wizard
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Friday trade

Dax short 09:30 to 16:30 (prolonged now)

entry @ 10282
exit @ 10842
result 40 points

IB vol low..

GFIs1


Last edited by GFIs1; August 28th, 2015 at 11:29 AM.
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  #2260 (permalink)
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GFIs1 View Post
Dax short 09:30 to 16:30 (prolonged now)

entry @ 10282
exit @ 10842
result 40 points

IB vol low..

GFIs1

Steely hold Maestro...

But maths as bad as mine.

Travel Well
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