Most likely, the brokerage firm will close your account and steal your money. That's the most likey scenario...
======================= MurrEE; Highest probability i could,; but as a practical matter having traded it & Eurex-US equivelent, glad i gave the CME more than 1or 2 comissions per month And its a matter of public record ,Paul Tudor Jones has held his farm/wildlife hunting area much MUCH more than a month; I am speculating ,probably he trades derivatives more than once per month. Agree with your general principle of holding a good trend. murray TT
If your position is in the hole and you exeed your margin requirements, your position can and usually will be liquidated. If you assume the position is positive, there's no reason for a broker to liquidate prior to expiration.
Some futures contracts are settled by physical delivery of the underlying, and that can become possible before the actual expiration date for the contract. If you are trading futures as a speculator (as opposed to as a legitimate hedger), then brokers (in my experience) require that, if you want to maintain your positions, you roll them forward to the next contract before the `First Notice Date' specified by the exchange (for the long side), and before the last trading day (for the short side). The reason for the difference is that it's the short position that gives notice to the long position of the intent to make delivery of the underlying. So brokers generally want speculators to be out of long positions well before it's possible to be given notice by the short position. If you don't roll your positions forward in time in such cases, then brokers very well may liquidate your positions with or without warning you in advance. IB, for example, explicitly states that they will liquidate positions without notice, if they are not closed out in time. http://www.interactivebrokers.com/e...calDeliveryLiquidationRules.php?ib_entity=llc There are some quirks in trading futures and it pays well to spend some time getting familiar with the specific important dates for the contracts you are trading. I've made some mistakes in the past