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A higher Dax means normally more margin - especially at Interactive Brokers (IB) where pricing of the margin changes everyday and might under difficult situation even change intraday - be aware.
Thus here the actual margins for 1 future (25) of the Dax:
Intraday first contract: 15020
from second to x contracts: 12016
holding overnight: 2x intraday single contract, means 30040
Looks like some positive movement up after quitting the daily cloud is on its way.
No resistance here - some air up is there.
Even some points were left on the table - the system gave the still the best - direction, entry and exit.
The Dax made in the last few years a jump from 7k to 13k points.
That means nearly doubling. At the sam time the margins jumped up and doubled.
What is the impact for one's account?
With one point in the Dax one makes €25 per contract gain or loss.
When the margins are doubled - you need more basic funds.
Calculated to the funds - if you only can handle half of the contracts
it means also half in gains per year. Real money and percentage.
Even if you have similar results with trading points over a year.
Higher indices do not mean more gains...
but the same trading effort
So choosing wisely which future one trades is primordial.
Not easy to go countertrend even when own bias is in the other direction.
Today taking the "normal" short trade on a Wednesday was more risky -
but the system gave the rules for some gains.
So scalping traders need to be more alerted to trade against the trade - especially
when the "wiggle room" has to be very limited.