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

• 02/24/2023 at 8:22 AM #210352
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 10:19 AM #210364
  phoentzs

  Or SP500… the movements are all very similar.

  

  phoentzs

  Participant

  Topics: 86

  Replies: 960

  Been thanked: 198 times
  02/24/2023 at 10:32 AM #210369
  GraHal

  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? 🙂 )

  

  GraHal

  Participant

  Topics: 214

  Replies: 8826

  Been thanked: 2198 times
  02/24/2023 at 10:46 AM #210374
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 10:53 AM #210377
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 10:53 AM #210379
  GraHal

  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?

  

  GraHal

  Participant

  Topics: 214

  Replies: 8826

  Been thanked: 2198 times
  02/24/2023 at 10:56 AM #210380
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 10:57 AM #210381
  shug

  But I’d rather not get a margin call LOL

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 11:00 AM #210384
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 11:01 AM #210385
  JS

  @GraHal,

  Where does the 2.75 come from…???

  

  JS

  Participant

  Topics: 26

  Replies: 1742

  Been thanked: 802 times
  02/24/2023 at 11:02 AM #210386
  shug

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

  Yes that’s right

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 11:03 AM #210387
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 11:08 AM #210391
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
  02/24/2023 at 11:08 AM #210392
  GraHal

  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.

  

  GraHal

  Participant

  Topics: 214

  Replies: 8826

  Been thanked: 2198 times
  02/24/2023 at 11:15 AM #210399
  shug

  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

  

  shug

  Participant

  Topics: 3

  Replies: 478

  Been thanked: 123 times
• Author
  Posts