How can you trade the mini futures - like YM - in a $1,000 account when the initial margin is about $3,100 and the maintenance margin is about $2,500? Don't you need about $5,600 per YM mini Dow Jones future contract? Click on Margins & Specifications
I trade with Global and day trading margin requirements for YM is $500 per contract. And numerous other Brokers have the same ploicy !! Just check around. Your looking at Margins to carry a contract overnight
I prolly shouldn't be giving trading advice (follow it at your own peril), but if I had $1000, I would either dump it into AAPL once it starts back up, or I would use the patterns and advice found in the AHG tread, and just scalp YM chop/points of indecision on the 400 share constant volume chart (10 tick stop, 15 tick starting target which becomes 3 tick adjustable target so you get on board the bigger jumps). Get the hell out if the trade isn't going anywhere or your way. I hope you make it work.
orex-forex Registered: Feb 2006 Posts: 776 11-13-07 03:22 AM How can you trade the mini futures - like YM - in a $1,000 account when the initial margin is about $3,100 and the maintenance margin is about $2,500? Don't you need about $5,600 per YM mini Dow Jones future contract? 1. www.openecry.com www.infinitybrokerage.com 500$ intraday. 2. But better play contest by marketzar.com entry for small without charge. Place 4-7 give you a right play great contest with 1500$ price Best wish ...
I'm sorry. I just had to bust out laughing at this statement. CajunSniper / Puretick.com Administrator-Trader
I never said I would do it...just wondering what people would do if they had only $1,000...also, you can trade the eminis at global futures with $300 daytrade margins (not overnight margins)...go for it!!!
Don't listen to these naysayers. It's easy to turn $1,000 into some big profits with some good discipline! I started with an account of $1250 and in my first 15 trades had $9500 with my system. The key is having good software like Ninjatrader that let's you see when it's time to buy and sell. The charts practically tell you what to do! It has been almost 11 months now and The initial $1,000 is over $100,000 today Just do it! Believe in yourself! Praise Kwanza!
Words of wisdom at its best. Come on man, you could have done better in your first post by just posting "my ass stinks". One thing is to encourage newcomers another is to post fantasy stories like this. Anek