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Search: Posts Made By: Big Mike

Forum: Traders Hideout

December 6th, 2009, 04:04 AM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

Yes, true, of course. I was oversimplifying :) ...

Yes, true, of course. I was oversimplifying :)

Mike

Forum: Traders Hideout

December 5th, 2009, 10:14 PM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

I believe Amp Futures and Mirus Futures requires...

I believe Amp Futures and Mirus Futures requires $10,000 to open an account. CL margin is $2,000. If you have a good history with them, you can get it lowered to $500 or $1000 per car, especially...

Forum: Traders Hideout

December 5th, 2009, 08:26 PM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

Nice, yes -- but also keep in mind that most...

Nice, yes -- but also keep in mind that most brokers today will not call you, there is no chance to re-up the account, it's just "boom" liquidate.

Mike

Forum: Traders Hideout

December 5th, 2009, 05:41 PM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

Ask your broker to know for sure. But no, it...

Ask your broker to know for sure.

But no, it would only be liquidated probably when it gets down to $750 or $1000 or so. Enough so that if there was a spike of volatility, the broker has dumped...

Forum: Traders Hideout

December 5th, 2009, 05:20 PM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

Nothing is taken from your account until you...

Nothing is taken from your account until you close the position.

Instead, think of it like a credit card. A temporary authorization is placed on your account equaling the margin requirement. If...

Forum: Traders Hideout

December 5th, 2009, 05:08 PM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

I'm having trouble following I think. Step...

I'm having trouble following I think.

Step 1: You need whatever your margin requirement is to be able to buy a contract.
Step 2: When you buy a contract, you will be filled at the price the...

Forum: Traders Hideout

December 5th, 2009, 05:02 PM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

If the margin is $2,000 then when you buy 1...

If the margin is $2,000 then when you buy 1 contract, you must have $ 2,000 in your account. If the order goes heavily against you, the broker will liquidate your position before your account hits...

Forum: Traders Hideout

December 5th, 2009, 04:43 PM

Replies: 22

Question about CL and QM Contracts

Views: 16,992

Posted By Big Mike

Have you looked here? ...

Have you looked here?

https://nexusfi.com/traders-hideout/1303-cl-vs-qm-crude-oil-tick-size-value-margins.html

Mike

Showing results 1 to 8 of 8

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
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Unrealistic rules and requirements
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