Nobody who posted above wanted to make the essential point that daytrading futures with a $1,500 deposit is (to put it very politely) an extremely unwise thing to do, and won't - however you look at it - turn into a story with a happy ending? Everyone else here must be a lot more tactful and discreet than I ...
Dare to contradict. Better blow up small than big. Learning curve there is more vivid. A point more concerning here is that he's trading and don't even knows what the regular margin and rt-fees with his particular broker are.
A prefectly good and fair point, and of course I won't dispute that it's better to screw up for $1,500 than for $15,000, but my contention is that in this context $1,500 is so small that that, just in itself, is going to make the negative outcome inevitable, and most likely without even any progress along the learning curve as a compensating benefit.
Honestly don't know what's Reg-T. He is trading 1 contract based on his post and has a problem to calculate what's green and wha'ts red in regard of his 'mystic' fees...
Apologies. I saw "rt-fees" and thought you meant Reg-T. That was my bad on that. As for him/her no knowing all the fine-print? I am sure he will now be in the know. All that has to be done is get on the horn with them. He'll be right-as-rain in the morning.
well, it's a tough business. Nervous system get's stressed, blocked rationality hope he's a Twen... unsubscribed.
And so you have learned that the best bet is to contact your broker first and go through the motion of customer support rather than attempt to find a solution on a forum like this, where some folks may or may not have experience with said broker. Welcome to ET!