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a_charting_god

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a_charting_god

Re: zsvq1p post# 2

Tuesday, 06/24/2008 2:35:36 PM

Tuesday, June 24, 2008 2:35:36 PM

Post# of 32
sorry for the delay in responding...

crude futures contracts profit or lose 10.00 per pennie in movement...

if it were to go up 2.00 you would multiply 200 times 10.00 and that would be the profit for that position...

unleaded gas or RBOB is at a rate of 420.00 per pennie movement

now the contract itself could cost you as much or more than 11,000.00 to get into..

only 3% of contracts end in delivery and chances are though if you are trading futures you wouldnt hold it for an extended period of time, to be less accessible to a margin call

DISCLAIMER: I AM A SERIES 3 LICENSED BROKER

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