Can someone please explain...

Discussion in 'Financial Futures' started by 3dawgs2533, Oct 23, 2019.

  1. Ok, so I went long with one contract of /ZL on Monday night. Cost me $600 + comm. to get into the trade, blah blah. Things didn't go my way so much, and despite being ahead by a mere $90 when I decided to get out last night, when I sold I only got the $90 back, and not the original $600. Where'd my $600 go??

    Thanks.
     
  2. speedo

    speedo

    Not enough info. Appears you used max margin to enter the position. Were you short or long, what was entry price and what was exit price?
     
    tommcginnis likes this.
  3. CALLumbus

    CALLumbus

    Show us the statement, and we show you the truth.
     
    Nobert and tommcginnis like this.
  4. speedo

    speedo

    Better yet, I was making the possibly naive assumption that there WAS a position.
     
  5. Turveyd

    Turveyd

    Sounds like your miss reading it, you don't make +$90 profit, your losing $510 + comms but haven't came to terms with the loss size yet.
     
  6. maxinger

    maxinger

    PLEASE WRITE CLEARLY !!!
     
  7. Cannon_Trading

    Cannon_Trading Sponsor

    What do you mean it cost you $600 + commissions to get into the trade? was it an option or are you referring to the margin?
     
  8. Guys, I’ll get back with more info later tonight after work, thanks.
     
  9. gaussian

    gaussian

    Like everyone else said post your statement on the trade.

    When you post margin on futures you don't "lose" the margin. It's basically (put simply) a performance bond that the broker monitors as a signal to yank you out (realistically, issue a margin call and THEN pull you out).

    If you only got $90 (your alleged profit) and lost $600, you were down $510.
     
    Last edited: Oct 23, 2019
    Cannon_Trading likes this.
  10. joederp

    joederp

    Bong hit.
     
    #10     Oct 23, 2019
    taowave and Overnight like this.