Hello there and welcome to the channel. Here are some links to help you explore the channel: 🎥 *Avoid the two worse mistakes in Micro E-Mini Trading* ua-cam.com/video/9GIfxs27H3c/v-deo.html ✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3 **Must See** ✅ Rule #1: bit.ly/RuleNumber1 *TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus ✅ **BOOK** : Over 550 FIVE-STAR Reviews - Join thousands who have use this book to get a fast start: *Check out the Amazon listing* (free Prime shipping) and read the book reviews and see the Table of Contents at this link: bit.ly/daytrademicros *Free Trade Simulator* 👍You can be practicing in only 5 minutes. ✅ Here is a FREE TRADE SIMULATOR with no ads and that will keep your trade ledger for you. It is FREE for signing up (no credit card or personal info required) at the CME (Chicago Merc Exchange) at this link: bit.ly/TradeSimulatorFREE ✅ Join our 20k+ subscribers FREE & Get notified when new trade videos are posted each week: Subscribe Now at this link bit.ly/3mTTMTn
Glad to hear it! Thank you. And that OTOCO is a great way to visualize various prices and outcomes/scnarios while planning trades, especially while watching the live chart screen on the right side of the panel. Good to hear from you. Thank you - Don
Great! Thanks Jeffrey. Good to know and thanks for the feedback. For others reading this post: The OTOCO stands for "Open Trade One Cancels the Other." It is used to open a trade with a Bracket (OCO) order. I strongly suggest this OTOCO to open orders when trading the Micro E-Minis. Why? Because at the moment the trade is made, the stop-loss order and a target order are entered. Using this gives the trader immediate control to limit risk exposure. Good luck Jeffrey and thank you. - Don
Hey Don, The buy limit order makes a lot of sense now, especially at opening. I've always bought or sold at market price and you've given me another arrow for my quiver. Have a great weekend.
i wish he would have stressed this earlier...i started with market orders but the fill spread eats up too much profit..now i go either higher or lower depending on trade...it does make adifference...good for you....
I had lightspeed and burned through 13k using market orders. They come in handy fir me with high momentum plays and tight spreads. Now im using ask bid and limit it helps me out
Cool, calm and collected. Nice emotional strength displayed. I need to use a similar mindset while trading. I just get too excited and then I start making silly mistakes. Appreciate you for teaching all of us some great emotional and technical stuff, Don!
you know i always look at what i could have made and the way you explain this trade i look more to what i should have made. Don you are a great asset to anyone who wants to learn how to trade. Thank you
Thank you for your observations. A great many traders have the impression that the risk of a trade is defined as it is planned and entered, certainly a valid view. Day Trading these Equity Index Futures is a sport where the risk is ever-changing DURING the trade also - thus not affording the trader many spaces where it is possible to just relax and observe what develops. Not attending to a trade in every moment would be somewhat like falling asleep during a poker hand in play. Great to hear from you Robert. Good luck to you - Don
Thanks Don. Another very informative video. I like how you broke down your bracket order and the psychology of the "could've, should've, would've." 20/20 hindsight. Very motivating get your profit off the table, or take a small lost with that bracket order that's in place. Using a bracket order would've saved me my account. OOp's.; could've, would've, should've.
Very glad to hear from you and welcome to the channel. ✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3 **Must See** ✅ Rule #1: bit.ly/RuleNumber1 Buena suerte para ti mi amigo. Qué tenga un buen fin de semana - Don
Hey Don I'd love to see all the trades you make in a day good and bad so we can really see how to limit losses and take profits from someone doing it for so long.
Greetings Jake. First of all, thanks for your comments - and I will put more marginal and losing trades on the channel again soon. One of the subject coming up is 'the frequency of trading'--- how many trades per day or per week, etc. A great many beginners assume that I'm making as many as five or ten trades a day - I actuallly only trade two or three days a week and one to three trades on those days. I, as I mention in the videos, have a win/loss rate of about 60/40% --- and that ratio is over a long period of time. I have streaks of winning and losing trades just like everyone else. I hasten to add that each trader is unique, so I can say that other people should have results and the number of trades that I personally do. This is a very individual thing. Some traders are very active and others more selective and the results vary widely. Each trader must decide for themselves about these things. I do know that 'over trading' can and does cause a lot of losses to mount up. I try for very selective trade selection and especially as new traders are learning the ropes and developing their own style and goals. I get email from some traders who trade ten or more times in a day; the results vary widely. There is a category of traders who can afford to trade as much as they like - and they have the money and enjoy doing it. I don't find any fault in that at all. On the channel here in my videos, I speak mostly to beginner traders largely - and I recommend they be very selective in choosing trades while learning and gathering experience. Traders without much experience and very small accounts, I advise a lot of trade simulation, practice, and fine-tuned trade selectivity. I don't judge and I am quite open-minded about each trader doing what they choose and enjoy. This type of trading is risky of course due to the high leverage and thus not for everyone. For those with a high risk tollerance and who can afford to choose higher trading frequency and higher risk trades - I salute them and wish them all the good luck of course. I actually do a number of such trades myself from time-to-time and when I do those trades I have my own 'Las Vegas' rule: One of my sons used to be a dealer for WSOP (world series of poker) and he dealt the final table at the Rio a few times. I'd fly the family out to Vegas we would watch many of the games - and also hit the poker tables, slots, blackjack while we were there. That rule I'm talking about is to figuratively "put the amount of money I am willing to lose while enjoying myself" into a pocket by itself - and when/if I lost that amount, I would stop my high risk (but very enjoyable) betting. Sometimes we had gains and most times we lost more than half my 'limit' amount. I always left to come home with no regrets - and we enjoyed those trips immensely. By the way, I don't think our average losses in Vegas ever exceeded what we would spend for a few days at Disney World in Florida (or any other good vacation.) I am very much a student of what is called behavioral economics, a sort of branch in cognitive psychology. I've read Danny Kahanne, all about the experiments he and Amos Tversky devised to explore the biases and failures in rationality continually exhibited in human decision-making. (prospect theory, etc.) Basically, they confirmed (among many other things) that as humans get themselves into a position of losing money (colloquially what we call 'playing outside their bankroll'), the decisions they make become less rational and the probability of them losing more becomes much higher. Conversely- when we day trade, the 'good news' is that when we are ahead in a trade or in a position of lower risk, we make BETTER decisions. By constantly putting ourselves into 'high risk' positions (too often), the result is that a great many traders will 'blow up' their account. This is why the failure rate for day traders is historically, very high. Each of us is the governor of the risks we choose to take -- and the results will measure how well we do it. I often speak in my videos to the fact that "we are forced to make decisions during a trade BEFORE we have all the facts to make a perfect decision." Great poker players are keenly aware of this. I hope whomever is reading this post will SUBSCRIBE as I plan to feature this principle in a video here on the channel very soon. Thanks and good luck - Don
Thanks Don, I am a regular to the channel as you know and I thank you for all you do. Two fold question, 1. How do you set your stop loss and targets? Do you set the stop loss by the ATR or how? And how do you determine your target? Thanks, BTW second time through he book it is great information and can bring about those AHA!! moments one may have forgotten or failed to think about for a while. Looking forward to your next successful endeavor! James Sparks-
Just open account because of watching your videos. Bought your book also. Can you trade micros easily on web base platform. Just want to get laptop to start. Thanks.
Gbaum: Send me an email at the address in the book and put: "laptop" in the subject line. I'll look for it and I'll send you a reply with some information that I think will be helpful. The short answer to your question is "yes" but I have more details for you . -- Don
Great video, thanks Don! Hope you had a wonderful Christmas. Quick question about what you do post-trade. When you exit, do you get up and walk away? Or do you stay there and look for another trade in case the price keeps going? Or does it just depend?
I've been testing a little trading the opening on a 1-min chart. At 9:31 A.M. after the first engulfing candle has formed, I enter. The price easily runs for 32 - 40 ticks. It's exciting and a little scary seeing how fast it moves.
The intraday margin for Micro ES at TastyWorks is about $316.00 per contract. I am often asked 'how much to get started'.. the text below has some info: thank you - Don $2,000 and you can set up 'the works' account that sets you up to trade anything/anytime. You can start with less at other places but it is really tough too start with just a few hundred because if you have a few losing trades, you have to stop until you make another deposit. Something in the $3k to $5k range is a good starting amount. The CME has a free, no deposit, zero cost trade simulation program you can practice with while you get the basics down: www.cmegroup.com/education/practice/about-the-trading-simulator.html
@@DayTradingMicroFutures Thank you so much for your quick response and advice. I have purchased and read your book a couple of time. Your rules are simple and wonder if you still advocate the same for your own trading. Appreciate if you have tweaked your rules different from your book. Practice CME link is very useful. Want to be careful since I got burnt earlier. Made good money but also lost most of it trading futures. Thanks again.
Hi Myron the music 'intro' is a royalty free tune from UA-cam's bank of no royalty tunes... there are thousands of them. You can Google "youtube royalty free music library' to find all those tunes and sound effects.
Traded the russel and some crude this evening. Small profit on both, but I’m curious. I kept trying to place limit and it failed so I was forced to place market orders. Is this normal?
One more question. You have spoken on the wisdom of trading with the trend yet in many of your video lessons you do not incorporate the value of trading with the trend and/or the added risk of going against the prevailing trend How come? Thank you Don.
Fair question, thanks. As you point out I do have 'the trend is your friend' or 'trade with the trend not against it.' Along with that, I try to keep in mind that beginner traders are always sure how to identify a real trend. In recent weeks, there have been many trading days where prices do go moderately 'up' or 'down' but not in the amplitude that defines any strong and identifiable trend. It is important for traders to learn (within their own experience) what constitues a trend, rather than a smaller price move that is not manifesting as any major trend for the day. Days without an indentifiable trend are more difficult trading and usually lower volatility; the lower volatility as I have often pointed out, means 'less risk' but also can be very slow in producing profits. On this video (safely trading the opening), a trade at-the-opening going up or down would 'not yet' be a trend. On the other hand - today (9/28/2021) not only had an overnight down session but the market (as of 2pm EDT) has a huge down trend and leaves no doubt at all. Not all daily trends are even close to being as obvious to this one today (9/28/21.) Another helpful sign to spot trends is looking at the MACD and how much the lines are either above or below the zero line. Thank you - Don
I didn't see a comment from you an hour ago. My programs list all the post that I have NOT responded to and that's how I found this one you just put up. -don
Hi Don love you videos. I also use the Tastywork trading QQQ and SPY options but can't use with option chart open. Right now I use different platform for charting of the option and Tastywork for execution of the trade. I can't use it because every time when I open the option chart the quotes - freeze. Do you know way around in Tastywork, to trade with option chart open?
Hello DP: You need to call customer service at TW. they can help. (888) 247-1963 They can talk you through the problem. Good luck - Don and thanks for the support for the channel.
@@DayTradingMicroFutures I already contact technical support 3 weeks ago and they confirm the freeze of the quotes when you have a option chart open. I hope they will fix soon.
not necessarily because commissions are like 3 usd, so he would have around 22 usd clean, Don, if you see this, please confirm my opinion or clarify the thing because I am doubtful and want to know the answer, thanks
Contact your broker and ask. Also ask them where is the 'required initial margin amount' at in your trading software. BTW, the ask/bid is not the same as the margin requirement (as it is in stocks.) Good luck to you. - Don
Great trade and post trade dissection!
Thank you, Patriots92.... I'll be putting more trades like this on the channel soon. -Good luck to you- Don
Thankyou for all of your videos. That are great for us beginners.
Great to hear from you, Mike. I appreciate your support and wish you all the best results. - Don
Best channel!
Hello there and welcome to the channel.
Here are some links to help you explore the channel:
🎥 *Avoid the two worse mistakes in Micro E-Mini Trading* ua-cam.com/video/9GIfxs27H3c/v-deo.html
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
*TastyTrade*- the broker I use in the video on the channel -- is offering *BONUS CASH for new signups* now. Check out the the details at this link: bit.ly/TastyBonus
✅ **BOOK** : Over 550 FIVE-STAR Reviews - Join thousands who have use this book to get a fast start: *Check out the Amazon listing* (free Prime shipping) and read the book reviews and see the Table of Contents at this link: bit.ly/daytrademicros
*Free Trade Simulator*
👍You can be practicing in only 5 minutes.
✅ Here is a FREE TRADE SIMULATOR with no ads and that will keep your trade ledger for you. It is FREE for signing up (no credit card or personal info required) at the CME (Chicago Merc Exchange) at this link: bit.ly/TradeSimulatorFREE
✅ Join our 20k+ subscribers FREE & Get notified when new trade videos are posted each week: Subscribe Now at this link bit.ly/3mTTMTn
Thanks Don. Really enjoy the OTOCO examples.
Glad to hear it! Thank you. And that OTOCO is a great way to visualize various prices and outcomes/scnarios while planning trades, especially while watching the live chart screen on the right side of the panel. Good to hear from you. Thank you - Don
Excellent trade! Thanks for the video.
Thanks Otake. Always glad to hear from you. Stay well and good luck to you - Don
I finally understand the OTOCO. Thank you Sir.
Great! Thanks Jeffrey. Good to know and thanks for the feedback. For others reading this post: The OTOCO stands for "Open Trade One Cancels the Other." It is used to open a trade with a Bracket (OCO) order. I strongly suggest this OTOCO to open orders when trading the Micro E-Minis. Why? Because at the moment the trade is made, the stop-loss order and a target order are entered. Using this gives the trader immediate control to limit risk exposure. Good luck Jeffrey and thank you. - Don
Hey Don, The buy limit order makes a lot of sense now, especially at opening. I've always bought or sold at market price and you've given me another arrow for my quiver. Have a great weekend.
i wish he would have stressed this earlier...i started with market orders but the fill spread eats up too much profit..now i go either higher or lower depending on trade...it does make adifference...good for you....
I had lightspeed and burned through 13k using market orders. They come in handy fir me with high momentum plays and tight spreads. Now im using ask bid and limit it helps me out
Good stuff to hear, Bill. As you say, 'another arrow in the quiver' and another tool in the toolbox. Thank you. - Don
Cool, calm and collected. Nice emotional strength displayed. I need to use a similar mindset while trading. I just get too excited and then I start making silly mistakes. Appreciate you for teaching all of us some great emotional and technical stuff, Don!
thank you
Thank You, Don May God Bless you as you have so many in your endeavors. 🙏
Thank you kindly
you know i always look at what i could have made and the way you explain this trade i look more to what i should have made. Don you are a great asset to anyone who wants to learn how to trade. Thank you
Thank you for your observations. A great many traders have the impression that the risk of a trade is defined as it is planned and entered, certainly a valid view. Day Trading these Equity Index Futures is a sport where the risk is ever-changing DURING the trade also - thus not affording the trader many spaces where it is possible to just relax and observe what develops. Not attending to a trade in every moment would be somewhat like falling asleep during a poker hand in play. Great to hear from you Robert. Good luck to you - Don
Great trade Don! Thanks for the OTOCO explanation, always great to learn how to use the tools correctly. Kind regards.
Glad it was helpful! Thank you Shaun. Glad to hear from you. - Don
Thamks Don! Im reading your book. I discovered the active trader window which i am used to for quick in an outs.
Yes sir! That active trader window is very nice. Have a great weekend and good luck to you, Mark. ---- don
Thanks Don. Another very informative video. I like how you broke down your bracket order and the psychology of the "could've, should've, would've." 20/20 hindsight. Very motivating get your profit off the table, or take a small lost with that bracket order that's in place. Using a bracket order would've saved me my account. OOp's.; could've, would've, should've.
Thank you, Mr. Nathan. You are a very fast learner. Good luck to you - Don
Thank you from Argentina
Very glad to hear from you and welcome to the channel.
✅ *NEW* LIVE TRADES PLAYLIST #3: bit.ly/PlayListNumber3
**Must See** ✅ Rule #1: bit.ly/RuleNumber1
Buena suerte para ti mi amigo. Qué tenga un buen fin de semana - Don
Hey Don I'd love to see all the trades you make in a day good and bad so we can really see how to limit losses and take profits from someone doing it for so long.
Greetings Jake. First of all, thanks for your comments - and I will put more marginal and losing trades on the channel again soon. One of the subject coming up is 'the frequency of trading'--- how many trades per day or per week, etc. A great many beginners assume that I'm making as many as five or ten trades a day - I actuallly only trade two or three days a week and one to three trades on those days. I, as I mention in the videos, have a win/loss rate of about 60/40% --- and that ratio is over a long period of time. I have streaks of winning and losing trades just like everyone else. I hasten to add that each trader is unique, so I can say that other people should have results and the number of trades that I personally do. This is a very individual thing. Some traders are very active and others more selective and the results vary widely. Each trader must decide for themselves about these things.
I do know that 'over trading' can and does cause a lot of losses to mount up. I try for very selective trade selection and especially as new traders are learning the ropes and developing their own style and goals. I get email from some traders who trade ten or more times in a day; the results vary widely. There is a category of traders who can afford to trade as much as they like - and they have the money and enjoy doing it. I don't find any fault in that at all. On the channel here in my videos, I speak mostly to beginner traders largely - and I recommend they be very selective in choosing trades while learning and gathering experience. Traders without much experience and very small accounts, I advise a lot of trade simulation, practice, and fine-tuned trade selectivity.
I don't judge and I am quite open-minded about each trader doing what they choose and enjoy. This type of trading is risky of course due to the high leverage and thus not for everyone. For those with a high risk tollerance and who can afford to choose higher trading frequency and higher risk trades - I salute them and wish them all the good luck of course. I actually do a number of such trades myself from time-to-time and when I do those trades I have my own 'Las Vegas' rule: One of my sons used to be a dealer for WSOP (world series of poker) and he dealt the final table at the Rio a few times. I'd fly the family out to Vegas we would watch many of the games - and also hit the poker tables, slots, blackjack while we were there. That rule I'm talking about is to figuratively "put the amount of money I am willing to lose while enjoying myself" into a pocket by itself - and when/if I lost that amount, I would stop my high risk (but very enjoyable) betting. Sometimes we had gains and most times we lost more than half my 'limit' amount. I always left to come home with no regrets - and we enjoyed those trips immensely. By the way, I don't think our average losses in Vegas ever exceeded what we would spend for a few days at Disney World in Florida (or any other good vacation.)
I am very much a student of what is called behavioral economics, a sort of branch in cognitive psychology. I've read Danny Kahanne, all about the experiments he and Amos Tversky devised to explore the biases and failures in rationality continually exhibited in human decision-making. (prospect theory, etc.) Basically, they confirmed (among many other things) that as humans get themselves into a position of losing money (colloquially what we call 'playing outside their bankroll'), the decisions they make become less rational and the probability of them losing more becomes much higher. Conversely- when we day trade, the 'good news' is that when we are ahead in a trade or in a position of lower risk, we make BETTER decisions.
By constantly putting ourselves into 'high risk' positions (too often), the result is that a great many traders will 'blow up' their account. This is why the failure rate for day traders is historically, very high. Each of us is the governor of the risks we choose to take -- and the results will measure how well we do it.
I often speak in my videos to the fact that "we are forced to make decisions during a trade BEFORE we have all the facts to make a perfect decision." Great poker players are keenly aware of this.
I hope whomever is reading this post will SUBSCRIBE as I plan to feature this principle in a video here on the channel very soon.
Thanks and good luck - Don
I'm thrilled at the reply and excited for more videos. I'm finishing your book tonight.
Thanks Don, I am a regular to the channel as you know and I thank you for all you do. Two fold question, 1. How do you set your stop loss and targets? Do you set the stop loss by the ATR or how? And how do you determine your target? Thanks, BTW second time through he book it is great information and can bring about those AHA!! moments one may have forgotten or failed to think about for a while. Looking forward to your next successful endeavor!
James Sparks-
ua-cam.com/video/zfVuBeLDVlE/v-deo.html
Just open account because of watching your videos. Bought your book also.
Can you trade micros easily on web base platform. Just want to get laptop to start. Thanks.
Gbaum: Send me an email at the address in the book and put: "laptop" in the subject line. I'll look for it and I'll send you a reply with some information that I think will be helpful. The short answer to your question is "yes" but I have more details for you . -- Don
Great video, thanks Don! Hope you had a wonderful Christmas. Quick question about what you do post-trade. When you exit, do you get up and walk away? Or do you stay there and look for another trade in case the price keeps going? Or does it just depend?
ha. yes, it always 'depends.'
I've been testing a little trading the opening on a 1-min chart. At 9:31 A.M. after the first engulfing candle has formed, I enter. The price easily runs for 32 - 40 ticks. It's exciting and a little scary seeing how fast it moves.
Risky of course but a lot of opportunity and these trades can be fun. Good luck to you.- Don
@@DayTradingMicroFutures Thank you. Same to you.
Hi Don, another great video. What is the margin for 1 contract for ES micro mini? thanks
The intraday margin for Micro ES at TastyWorks is about $316.00 per contract.
I am often asked 'how much to get started'.. the text below has some info: thank you - Don
$2,000 and you can set up 'the works' account that sets you up to trade anything/anytime. You can start with less at other places but it is really tough too start with just a few hundred because if you have a few losing trades, you have to stop until you make another deposit. Something in the $3k to $5k range is a good starting amount. The CME has a free, no deposit, zero cost trade simulation program you can practice with while you get the basics down: www.cmegroup.com/education/practice/about-the-trading-simulator.html
@@DayTradingMicroFutures Thank you so much for your quick response and advice. I have purchased and read your book a couple of time. Your rules are simple and wonder if you still advocate the same for your own trading. Appreciate if you have tweaked your rules different from your book. Practice CME link is very useful. Want to be careful since I got burnt earlier. Made good money but also lost most of it trading futures. Thanks again.
What is that song in the beginning?
Hi Myron the music 'intro' is a royalty free tune from UA-cam's bank of no royalty tunes... there are thousands of them. You can Google "youtube royalty free music library' to find all those tunes and sound effects.
Traded the russel and some crude this evening. Small profit on both, but I’m curious. I kept trying to place limit and it failed so I was forced to place market orders. Is this normal?
bit.ly/HelpTWorks
One more question.
You have spoken on the wisdom of trading with the trend yet in many of your video lessons you do not incorporate the value of trading with the trend and/or the added risk of going against the prevailing trend How come? Thank you Don.
Fair question, thanks. As you point out I do have 'the trend is your friend' or 'trade with the trend not against it.' Along with that, I try to keep in mind that beginner traders are always sure how to identify a real trend. In recent weeks, there have been many trading days where prices do go moderately 'up' or 'down' but not in the amplitude that defines any strong and identifiable trend. It is important for traders to learn (within their own experience) what constitues a trend, rather than a smaller price move that is not manifesting as any major trend for the day. Days without an indentifiable trend are more difficult trading and usually lower volatility; the lower volatility as I have often pointed out, means 'less risk' but also can be very slow in producing profits. On this video (safely trading the opening), a trade at-the-opening going up or down would 'not yet' be a trend. On the other hand - today (9/28/2021) not only had an overnight down session but the market (as of 2pm EDT) has a huge down trend and leaves no doubt at all. Not all daily trends are even close to being as obvious to this one today (9/28/21.) Another helpful sign to spot trends is looking at the MACD and how much the lines are either above or below the zero line.
Thank you - Don
Hi Don I send a comment a hr ago
And I Can’t find it
Can someone please tell me how to find my
Comment please Thank You
I didn't see a comment from you an hour ago. My programs list all the post that I have NOT responded to and that's how I found this one you just put up. -don
MACD indicator is not utilized here !
That is correct, MACD was not used deliberately.... The opening of the market often is volatile in either direction...thus, MACD not useful here.
@@DayTradingMicroFutures thanks
Hi Don love you videos. I also use the Tastywork trading QQQ and SPY options but can't use with option chart open. Right now I use different platform for charting of the option and Tastywork for execution of the trade. I can't use it because every time when I open the option chart the quotes - freeze. Do you know way around in Tastywork, to trade with option chart open?
Hello DP: You need to call customer service at TW. they can help.
(888) 247-1963 They can talk you through the problem. Good luck - Don and thanks for the support for the channel.
@@DayTradingMicroFutures I already contact technical support 3 weeks ago and they confirm the freeze of the quotes when you have a option chart open. I hope they will fix soon.
Love your content but seems trading commissions would eat you alive, especially on $25 wins
Thanks for your opinion. Good luck to you
not necessarily because commissions are like 3 usd, so he would have around 22 usd clean, Don, if you see this, please confirm my opinion or clarify the thing because I am doubtful and want to know the answer, thanks
How much do I have to have in my account to enter one of these contracts? I’m looking at mesm22 and it says 3,869 is the ask
Contact your broker and ask. Also ask them where is the 'required initial margin amount' at in your trading software. BTW, the ask/bid is not the same as the margin requirement (as it is in stocks.) Good luck to you. - Don