Earn2Trade Founder Charged With Fraud

Hear ye, hear ye!

 

You are allowed to trade from 6PM EST to 4PMEST which means overnight maint. is required --- 1 ES contract is $13,200 overnight at IB -- so depending on your account size, it is actually a ($13,200 x your max. allowed contracts). The $150K account size "advert window dressing" is just pure marketing bait and most sensible traders who take these evaluations know this so it's not really that big a deal.

Either way you slice it, if you're a good risk mgmt trader then these evaluations are a good deal

 

I dont think overnight applies on ES emini and NQ emini if you open you initial position at 6pm EST (Globex) and trade til 3:59 the next day and close out the position before 4pm EST.

You only have overnight maintenance apply if you hold a position past 4pm EST into the Globex that opens at 6pm EST

Otherwise with most brokers the day trading margin just applies 6pm through 3:59pm next day

Here is an article
https://optimusfutures.com/tradeblog/archives/holding-futures-positions-overnight

 

This is spot on. They market will take their money one way or the other. This at least slows the process IMO.

 

Yeah i'm not entirely sure what they're trying to prove by bashing this model.

 

Alright well this makes more sense. I don't know your background but for someone that posts so emotionally i'm surprised you're so highly spoken about.

 

Yeah that is wrong overnight Margin $13,000+ a contract is opening a trade before 3pm central (4pm EST) and holding after 4pm into the 6pm Globex session or beyond

if you just start a position after 6pm (and have no other prior positions) it’s still just day trade margin

 

Interesting..never knew that. I just assumed, as a former swing trader that "Regular US Trading Hours 930est - 400est" was considered day trading. LOL

 

Hmm, is my math off, or does the following make no sense?



Since when is 3,300 half of 13,200?

 

Micro commissions aren't lucrative for scalping so the micro comment has a few flaws.