Emini Broker Trading policy

I am still new to trading emini and after I register with a broker, I receive that notice and am not sure what it means exactly. They don't dare to explain as they don't offer that kind of customer service.

First point is obvious but the second and the third one get me confuse. If anyone can help me to understand..

 

1. There are no intraday margins available when account balance is below $500, so any positions must be liquidated immediately
2. Must use Stop orders (not Stop Limit) at levels to maintain appropriate margin whenever you have an open position (regardless of available margin)
3. You may not trade Options (buying or selling). You may not trade Spreads. You may not trade any markets with fewer than 500 contracts of daily volume while your account is set for intraday margin
4. Failure to follow these procedures may yield in liquidation of positions (and a fee of $50 per contract) and access to intraday margins (or trading privileges) withdrawn

To receive intraday buying power, please read very carefully and if you accept the terms, please reply to this e-mail that you accept the policy.

If you do not wish to utilize intraday margins, please reply accordingly and we will provide trading privileges based upon standard margin requirements.

Second one just means you must always have a stop loss order in place - makes complete sense.

Third one just makes it clear that the account is for trading liquid futures contracts (not options), ie. not very low volume (no problem with ES, NQ, YM etc).

Thanks that is what I thought ... I guess that is the reason why my trade didn't trigger. Now I need to find how to place automatic stop loss on their platform ...

when you put on order with stop and target you need to have 1500 to cover all 3 positions so you should have 2000 to 2500 in acct as buffer though its a stop and target there still considered trades in the matrix

H - I think that depends on the platform / broker... (I only need $500 per contract with NinjaTrader Brokerage, using associated Stop & Target orders)...

Rockknmike - what platform / broker are you using ?

generic ...

I prefer not using stop loss as it is really not necessary for my way of trading

Thanks Divergence ... I will make a bigger deposit to cover then. I saw your vid by the way ... good interesting stuff.

Do you know how to set up an automatic stop loss on generic platform ? I try to find a way and I can't find it

I suggest you ask Generic Support - it looks like a new platform.