Day Trading the Golden lunch Session
What is the Golden Lunch?
What is the Golden Lunch?
Grind-Break Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
Momentum Channel & Range Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
Fractal Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
Head-Fake Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
Trading with “Context” | Crude Oil, Emini, Nasdaq, Gold & Euro
Stop Missing the Best Trades | Crude Oil, Emini, Nasdaq, Gold & Euro
Earn More with Confirmation | Crude Oil, Emini, Nasdaq, Gold & Euro
4 Ways to Profit from Reversals | Crude Oil, Emini, Nasdaq, Gold & Euro
This training is fantastic. I WILL be joining the lifetime track as soon as I can get together the funds for the tuition and adequately fund my trading account. In light of today's question on account size, which I have as well, I'm not sure whether your answer included CL and GC in with the eminis? I'm wondering how much I need to place a trade with three contracts (when I am up to speed)? In visiting CMEGroup.com, I get the impression that CL requires $6750 per contract, which is what TradeStation currently requires. Is this the answer to the question or am I misunderstanding margin required for day trading? Sorry, most of my experience has been with forex and I'm just beginning to come up to speed on futures. Thx!
thanks for the feedback Ralph, and im looking forward to working with you!
lets answer those questions…
First, your broker may charge MORE than CME exchange requires, and TradeStation is always much higher than what we can find elsewhere.
TS has higher fees and higher margins than the brokers we work with, so contact us directly for a list of brokers that will offer lower fees/margins.
Crude Oil overnight margin = $6750
TradeStation may charge more than that, its their choice.
You wont need that much to trade with us. we rarely hold trades overnight.
Our brokers require $1500-$2500 per contract for Crude Oil and Gold Futures.
You can easily get away with $2000 per contract to start, and that includes the Auto Trader as well.
The old days of $10k per contract are over, and I look forward to sharing more of this with you as a client!
dont forget, you can find ALL the contract specifications on our blog.
See you tomorrow in the live trade room!
JJ
more info!
remember to look for a news event TOMORROW morning that will also negate the golden lunch b/c traders will be waiting for more info.
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