Let's do a little back of the napkin math 100 contracts..., and getting rich quickly 100 contracts X the margin requirement = 40K (using AMP $400 per..., to hold overnight will need to multiply by CME maintenance - so I'm going to assume day trading) shits and giggles we'll use $40k US then need additional to cover losing trades what your SL going to be in base points - I'll assume 5 each losing trade = $(25)K US Now, how many losing trades in a row should we assume (having a bad day) - I'll assume 4 so far we're at $140K just to reasonably pull off 100 contracts - not including commissions How many base points per day we targeting - the great unknown liquidity - US open to london close - likely a not problem say 11:45 till a little after 1pm - could see some slippage 1 ish pm to 3:45 - doable heading into close - shit does get kinda wild at times My point tying up a lot of capital trading a size - that if you don't have your shit wired tight - could quickly get your ass in a bind doable - yes advisable - not knowing your skill set - I wouldn't Be amazed what can be accomplished with a lot less as for the get it quickly piece - what the fuck is your hurry (rhetorical) - I will say it never advisable to do anything quick in this business..., except - think quick - but always act deliberately JMO - YMMV ETA - $4K a day goes long way to $1M per year RN
If you're going to quote me - least get it accurate dip shit Max is 400 Micro is 500 https://faq.ampfutures.com/hc/en-us/articles/10799953379863-How-do-margins-work- RN
You do stupid really well. Kudos, ser. Note: Day Trading margins are twice the displayed amount for account balances exceeding $100K And I would bet my net liq that nobody has B/S 400 ES at AMP with a net liq of <$321K. lol.
I asked you if you can trade 400 with $160K and you cannot. 400 would require a net liq over $160K therefore the $100K net liq qualifier kicks in (double the req). You implied I teed it up for you and then you provided the proof of you failure.