1ES Point / Day (Average)

As @CBC pointed out. AMP offer intraday margin as low as 400$ for the ES.

 

Actually it's not that humble, 1Pt per day seems benign but over a year with 2K margin it's 100K and 500K isn't that far behind =P But Thx Bro' !

 

Went long @ 2180.75 (Medium Signal) then it quickly broke lower. Kept my long and went long again @ 2178 (Strong Signal). I put TP @ 2180.5. Price was @ 2179.5 so I decided to wait till' the open to profit from the volatility. Went to wash the dishes till' the open then came back -> TP met. Made 2.25Pts ... It's twice my margin (2x1Pt) so it counts as 2Pts (LOL but true). However I deduce 0.1 per contract because that's how it is (5$ Coms). So 2.25Pts Gross but 2.05 Net. Cheers.



Day 1 (09.08.16) : 2.05Pts : 2.05Pts Average

 

Margin Call =D

 

With any broker - legitimate one that is.

 

No need for excuses. People should learn to read. I see this is Elitetrader but apparently not Elitereader.

This is what you posted:...since 08.01.16 (August 1st 2016)...

So that was correct.

 

It's just confusion all around. I wish people would get it right and understand it to avoid the confusion. In the little-endian ordering system, which is used practically everywhere, the usual date format is day.month.year.

So 08.01.16 reads to a European as 8th day of January, 2016.

But in 'Merica and a few other places like Canada, it is month/day/year, so the proper way to display 8th day of January, 2016 would be 01/08/2016, which reads as January 8th, 2016. Note the virgules; They are not periods, and makes it simple to differentiate.

So in most of the normal world, August 1st of this year would read as 01.08.2016.

In USA, August 1st of this year would read 08/01/2016.

There you have it.

 

Thanks for clarifying it for the upset readers.Since i`m in Russia,i read it as 8th day of January, 2016.I don`t know why it`s month/day/year in America and Canada.What the 'saving time' is good for also beyond me.

 

It most likely by same people who decided America use pounds and miles instead of metrics.

 

Hah, you mean the daylight-saving time? Well, there are many theories on it's effects, and the history of that foible goes back to the ancient Romans. But it's primary modern usage came to fruition during the period of the two World Wars. Some cite energy consumption conservation with it, some cite better productivity with it, but who the heck really knows. *shrugs* We humans, we're a funny lot.