Many trade emini futures scottrade futures traders trade these highly preferred trading vehicles each day, occasionally a couple of times each day. You can trade eminis without risking a large capital since trade emini futures scottrade futures brokers can make an account for you with only $3K or less. This can be really rewarding for those who have mastered it so scores of people try their luck in this type of trade.
But what exactly is day trading? For some people, this may be self-explanatory. However, this may not always be so. If you believe that day trading means trading each day, then this is really not the thing. Even though, it’s correct that many daytraders take more than one trade almost each day if not every day, day trading really means a kind of trading that presupposes that you close your position the same day you opened it, that is, by the closing of the daily trading session, which spans approximately the same period as the standard stock trading session. Day traders trading YM should close their positions the latest of which is by 5:00 PM EST since this is the end of the daily trading session of most electronically traded US stock index futures.
There are some good reasons why you want to be out of your position by then. Firstly, once the overnight session begins, which happens right after the close of the daily session, the overnight trade emini futures scottrade futures margins kick in. You may be forced to be out of your position if your account is small since you may not be able to retain it overnight. This is because the overnight session may involve trade emini futures scottrade futures margins that are several times bigger than those permitted for day trading. You would also have problems in fluctuations in the futures markets if you maintain your position overnight since it will be exposed to erratic and turbulent worldwide incidents. It will also be not worth it if you lose your sleep over this.
