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Questions on Standard Margin/ Intraday Margin

Energy Futures | Elite Trader - www.elitetrader.com
Hi all,

I'm a new trader and I started day trading Henry Hub Natural Gas futures. I was told that I violated the Intraday trading policy b/c I didn't flat the position 10 minutes before the market session ends. And I was set to the standard margin. My question is:

As trading commodity futures, one cannot choose to do intraday trading AND hold the position over night like trading stocks? One must choose one of those or what? So if I choose intraday trading margin, I MUST close out all the position before the session ends. And if I choose the standard margin, I can only buy and sell one day after. Am I right? By the way, my broker is Generic Trade. Correct me if I'm wrong.

 
Date: May 13, 2017   


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