FUTURES is where it's at!

[Robert2617 10]

Nope... doesnt apply to futures. Everything gets calculated at the end of the day. So lets say your account goes below $2438. However, by the close you have profited enough to raise it above $2500. Since futures are calculated at the end of day... you are still good to go.

Awesome. That was the answer I was looking for. Now what I need to do is watch for a while, keep learning, do a little paper trading and see if I can come out on top most of the time. After that I will start with 1 contract at a time until I can build my account up enough to feel comfortable to do 2 at a time. I plan on going slow so I can do this right the first time. I'll keep you posted.

 

Thanks for your help.

[Robert2617 10]

ST, two more questions that you would know the answers. What symbol do I use (@YM)? I don't need to do the YM-Z, YM-H etc. like in eSignal do I? TS will switch that for me automatically right? And do you typically use market or limit orders?

[Soultrader 12]

You can use the continuous contract: symbol @YM for your charts and time of sales. But in your matrix you will need to use the current contract symbol. (YMH07)

 

I tend to use both market and limit orders. For the opening play, I use all market orders. In a slow market I may decide to set a limit order below/above the trading price. It depends on my trading setup.