eddiea6987
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ok well just to let you all know i have never traded in my life right now im 19 work at a retaurant i dont have the money or knowledge to trade but i do have some questions that just keep roaming in m head,
ok this is a day trading question, lets say i buy an E-mini contract (S&P5) for example
and ok lets say it doesnt do so good or whatever and drops a bunch of points.
cant you just hold on to it and wait to see if it goes up? maybe the next day or two?
or does your firm just like take away your losses from your account each day?
i mean i know if your a day trader then you shouldnt be holding on to anthing over night but why not? ok well i can figure that one out just to reduce your losses, but i have heard you can loose alot of money trading futures, but is it possible to get in debt trading the minis?
the way i understand it is like this and PLEASE correct me if im wrong thats what i want knowledge![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
ok so i see it like this, i buy a contract at 5 bucks (nice huh)
it drops down to 2 bucks then i sell it and my loss is 3 bucks..so theres no possible way i can be in debt right? unless i use borrowed money from the firm or whatever, but if i use my money all i can loose is my money but never anything more right?
or what if i let the contract expire then do i have to pay the actual amount because as i understand it the price for an emini contract is just a fraction of its real cost? im not sure how correct that might be.
Again please correct me if im wrong which im sure i am and i dont normally post questions but ive done research and no one ever explains exactly how you can loose money they just talk about how to make money but im trying to understand what ways i can loose money and for me i think even worst is owing money so thats why i was wondering if theres a wy you can into debt trading the minis or any other market for that matter.![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
-eddie
ok this is a day trading question, lets say i buy an E-mini contract (S&P5) for example
and ok lets say it doesnt do so good or whatever and drops a bunch of points.
cant you just hold on to it and wait to see if it goes up? maybe the next day or two?
or does your firm just like take away your losses from your account each day?
i mean i know if your a day trader then you shouldnt be holding on to anthing over night but why not? ok well i can figure that one out just to reduce your losses, but i have heard you can loose alot of money trading futures, but is it possible to get in debt trading the minis?
the way i understand it is like this and PLEASE correct me if im wrong thats what i want knowledge
ok so i see it like this, i buy a contract at 5 bucks (nice huh)
it drops down to 2 bucks then i sell it and my loss is 3 bucks..so theres no possible way i can be in debt right? unless i use borrowed money from the firm or whatever, but if i use my money all i can loose is my money but never anything more right?
or what if i let the contract expire then do i have to pay the actual amount because as i understand it the price for an emini contract is just a fraction of its real cost? im not sure how correct that might be.
Again please correct me if im wrong which im sure i am and i dont normally post questions but ive done research and no one ever explains exactly how you can loose money they just talk about how to make money but im trying to understand what ways i can loose money and for me i think even worst is owing money so thats why i was wondering if theres a wy you can into debt trading the minis or any other market for that matter.
-eddie