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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. |
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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.