Message from @Knordox
Discord ID: 701678727053967360
i'm just not knowledgeable enough yet to determine how large my brackets should be on random stocks
You're trading 2.8k shares at a time?
if i trade e-mini, yes, i would be paying about 2.8k per contract. that's a notional value
you need 13.2k of margin to enter it, per contract
but that's on TDA. with other brokers, you can do some of this with less.
if you trade e-micro, the price is 1/10 that
left circle tells you that this future moves in 1/4 tick increments. each 1/4 tick is $12.50 of movement. the multiplier of 50 is 50*notional value, or in this case, the future would be controlling $143k of underlying value (and if you wait the full 60 days for settlement, if that ended up being the notional value, that's how much you'd pay to buy it).
therefore, you see on the right that there is a 13.2k initial margin requirement
but my goal is not to hold the futures. i will get in and get out. and i am only going to trade around the opens. but if you hold until EOD, you will be marked to market, which means you will have to meet the margin maintenance requirements. so just don't be a bag holder at EOD
and like i said, this is at TDA. there are other brokers that i believe let you trade these with much smaller accounts
but you want to know what TDA and IB can offer you that most brokers can't? settlement margin on IRA/Roth IRA trading. so you can day trade your retirement accounts for big gains
it's an american thing so you'll need to get your IRA up to 25+k first before you can do more than 3 round-trips per 5-day rolling week, but you get the picture
most brokers do not offer settlement margin on retirement accounts. that's a big bonus of those brokers
i guess we should have a trading channel setup in here. at least you and i like this topic. what do you think @Knordox ?
Yea I can make one
Made it
The best server owner
Shit I wish.
Nah bro, you’re my favorite
same
Knordox = perfect
Awww, this is just a big ole respect circle
Yessire! You’re the youngest person here btw but you’re mature enough for us to like you so I like you.
Child soldiers ftw
Hell yeah beother
I’m a teenager, it’s not like I’m 12 or something
Yea but we had some youngins in here who were blatantly retarded
Ah, I try to act as mature as I can but sometimes I go on tangents
I feel that
I’m 17 so
Yeah, I feel like this platform is just really natural for me
Tired of being a sheep to the government
Definitely
Yessire
I’m so ready for the big igloo
Same
Not yet
Pls
Lemme get my shit here. If they didn’t shut shit down over corona I’d have it
>only weapon is pellet rifle
>i'm so ready for the boogaloo!
i would hold off on wanting a boogaloo until you can keep yourself and your family from getting yeeted in a boog