Any Instrument – Discussions on Price Action, Technical & Fundamental Analysis

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02/24/2023 at 8:22 AM #210352 quote

shug
Participant

Junior

Last 7 days trades trades, looking good but still not decided if I’m going to stick to wall st or change to NDAQ 100

WEEK.jpg

02/24/2023 at 10:19 AM #210364 quote

phoentzs
Participant

Master

Or SP500… the movements are all very similar.

02/24/2023 at 10:32 AM #210369 quote

GraHal
Participant

Master

shug wrote:

margin is certainly much better

Margin at 5% of Contract value has to be the same no matter what Instrument?

So, for example, roughly …

NASDAQ at 12000 x 2.75 = 33000 (same as DJI)/

33000 x 5% = 1650 margin required for 2.75 per point on NASDAQ

Comments welcome, even on my maths (maybe more coffee needed? 🙂 )

02/24/2023 at 10:46 AM #210374 quote

shug
Participant

Junior

The difference pictured, look at margin on both tickets, both are £1 per point

If I didn’t have a lot in the account I would be more likely to get a margin call if I went more per point

margin.jpg

02/24/2023 at 10:53 AM #210377 quote

shug
Participant

Junior

This is my account balance, I’m restricted trading wall st how much I can go per point, I can trade up to £13 a point on NASDAQ, FOR wall st I would need 21 thousand to trade the same amount

account-value-.jpg

02/24/2023 at 10:53 AM #210379 quote

GraHal
Participant

Master

But £1 per point on Nasdaq gets you 12000 ish Contract value but £1 per point gets you 33000 ish Contract value on US30.

Multiply Nasdaq margin by 2.75, so 605 x 2.75 = 1664 (same as US30 margin)

So 0.4 per point on US30 is same-ish margin (660) as 1 per point on NASDAQ (650).

Only saying as if you prefer US30 then margin need not stop you, just trade less per point?

02/24/2023 at 10:56 AM #210380 quote

shug
Participant

Junior

Yes movements overall are similar but close inspection of price on lower timeframes are much different from each other, its like making a cake, some of the ingrediencies might vairy slightly

02/24/2023 at 10:57 AM #210381 quote

shug
Participant

Junior

But I’d rather not get a margin call LOL

02/24/2023 at 11:00 AM #210384 quote

shug
Participant

Junior

I’m slowly trying to increase £ per point for less trades per day and also trying to get more points per trade.

I also wanted to find out if I can trade any market using the same method

02/24/2023 at 11:01 AM #210385 quote

JS
Participant

Senior

@GraHal,

Where does the 2.75 come from…???

02/24/2023 at 11:02 AM #210386 quote

shug
Participant

Junior

So 0.4 per point on US30 is same-ish margin (660) as 1 per point on NASDAQ (650). Yes that’s right

02/24/2023 at 11:03 AM #210387 quote

shug
Participant

Junior

No idea m8, I’m crap with math LOL Then again I know someone really good at math and hopeless at trading so I guess I don’t need math skills

02/24/2023 at 11:08 AM #210391 quote

shug
Participant

Junior

I did try hedge trading once and managed to get my brain into a pickle when I had about8 trades on at the same time and ended up losing a few bob then decided its not for me

02/24/2023 at 11:08 AM #210392 quote

GraHal
Participant

Master

JS wrote:
Where does the 2.75 come from…???
33000 (DJI) divided by 12000 (NASDAQ) = 2.75 (then same base for both Instruments). If not using same base then comparing margin between DJI and NASDAQ is doing a chalk and cheese comparison.

02/24/2023 at 11:15 AM #210399 quote

shug
Participant

Junior

I guess the difference (margin) I know the how massive a candlestick can be on wall st and a daily move The Nasdq 100 is probably a lot less, so one could argue I suppose that its safer depending on how you trade
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