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Mind you, we are systematically biting more than we can chew with every single futures trade we make. We're paying a deposit of 5,000 for a contract that costs over 50,000.
With the ES for example, technically speaking, unless one has $56,250 in his/her account for every contract traded, one would be biting more than he/she can chew, right?
exactly my point, futures are already leveraged enough... equities PDT allow you to leverage 4:1... portfolio margin not being taken into account, since those are different rules anyhow... Futures.. on average 10:1... and scaringly enough many FCM/Brokers allow 20:1 or more...
anyhow, I just believe that IBKR is merely out to protect themselves, and if in reality one doesnt have enough capital one should not be trying to trade 10 contracts on a $5K account for example.. best to sick to just a single car on $5K and not have some crazy expectations about making $500 a day..
