Nothing wrong with being leveraged to the hilt. I would be lying to say it did not help me make my nut. But IB ain't the broker for that. I would rather them take it conservative. They are conservative for everything ......not just futures. Get another account at Velocity. They are solid and you can swing at real intraday margin rates for daytraders.
Close. I'd say one way to determine whether you are gambling or trading is correlated to the amount of money used. But there are other ways to gamble. OldTrader
intraday initial margin from ER2 went from $2625 to $5250. thats a bit much. other competitive brokers increasing their margin too?
I like IB to do these things. That's when all the total imbeciles that really should not even be trading, or let near firearms or sharp objects of any kind, come out of their holes. You know who you are. I know who you are, you posted. Go away and stay away.
I stand corrected oso. It really doesn't make sense that they would impose this for intraday, mainly to protect themselves. However, a range like this on the ES (from 1200 to 1235) can wipe some accounts out so they probably don't want to deal with irate customers and whatnot.
Hey , would any of you posting trash be amonst the deadbeats that IB had to deal with when BSC was sodomized?
When IB puts the margins up they are protecting their customers as much as themselves. If a broker goes down because they are stupid about risk then it will take you ages to get that money actively trading for you again - even if their insurance really covers it. Stay careful IB - there are old brokers and bold brokers but no old bold brokers!
Transact still has $500 margins for the ES. They also have a daily loss limit, which I believe varies according to acct. size. You hit that and all positions are automatically covered, and you are locked out until the next trading day. Seems like an effective way to protect the mother ship in all but the worst scenarios. I don't see why IB couldn't implement a similar system.
Is this site owned by IB ?? It seems everytime that someone has a complaint or negative opinion about IB, the plethora of "happy customers" come out of the woodwork. I could be wrong, but some of you "happy customers" seem a little more zealous than just a regular "joe customer". Employee's ?? That said, IB like every other FCM can raise margin anytime they want. One good thing I have picked up on since my short arrival here, is that I am glad I have never opened an account at IB.