Earn 2 Trade the gauntlet

There is absolutely additional risk when the exchange is closed. Did you see the huge opening gap on Sunday night with oil? If you were short before the exchange closed you would have gotten a rude awakening and many likely went debit in their account.

If people want to hold while the exchange is closed, we offer that, in our original Gauntlet.

 

That was scary for sure!!!!!

 

If you remain in one session there's no overnight margin

 

Yes, I saw it. So for people who want to hold through the overnight, you do not lever them to the max on their account equity. It went up ~9000 bux per contract on that gap. With 15 contracts on a $150K account, it would be the margin of like 135K + the ~55K for the margin. So the account would be down like 55K over the limit.

BUT! If you limited the max position size to something like 1-5 contracts, you'd be well under the $150K account size.

And of course we see where CL is right now, it is a paltry -3-4K per contract from where it started. With a limitation of just a few contracts per swing on such a huge account, you might retain or even attract more clients.

 

Yes there is, it’s called initial margin. Then it becomes maintenance margin.

 

And initial is 10% above maintenance. Aye.

 

That’s why we allow it on the regular gauntlet as we don’t allow for day trade margins.

 

Ahh, I bet you are responding to Electricsavant. He has me on 100% block mode, being a blockhead. *sighs*

Anyways, I thought this was the Gaunlet we were speaking of?

 

What happened here, Earn 2...If someone has another user on full on block mode, I can see your responses to them, but not what they typed. Even if you quote them, their text is filtered out. So all I see is the exchange between you and I. It may be hard for you to imagine how it looks on my end, but all I see is you and I exchanging in the past 15 minutes, no Electric Savant text at all.

 

There are two now. The regular 60 day one and the shorter 15 day one. Shorter = intraday only.