Hello,
I am interested in trading the Micro Bitcoin (MBT) futures contract.
According to Ninjatrader’s margin information, the day margin is listed as $100, and the initial margin is $2,912.80.
If I am solely day trading, do I need to meet the full initial margin requirement to open a position in one MBT contract? Or is the day margin of $100 sufficient to open a position?
Thanks for your help!
100$ is sufficient, but I think if one breaches the overnight contract then you are in big trouble. its easy to ensure in ninjatrader that that never happens and all positions are closed before EOD if left open by mistake. But till today I have not understood how to ensure overnight closing of positions if my Ninjatrader itself crashes…so that risk is always there, one can never leave the account unattended overnight.
Got it, thanks!
I’ll keep an eye on it
With $100 your position will be closed immediately if your open position value goes under $100. So you need $100 + $ the value of your stop.
Let’s say you put a stop at $20, then you need at least $100 + $20. So he margin that you see everywhere is not what you really need. It is the minimum value that you need in your worst case scenario.
Double check, but I think when trading with day margin, you’ll need to exit your position by 3:45 pm EST.