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Hi Jerry:
For futures contracts the only difference between a day trader and a "non-day
trader" is that the brokerage commissions are a little bit smaller. In
futures, commissions are "round turn", that is - you don't pay a commision
until you are out of the position, then it is a flat rate per contract fee.
If you are in and of a position during a single day trading session, then this
fee is reduced. That is what defines "day trading".
Getting into a position during a day trading session, and out of the position
on the same day, but during the evening session (GLOBEX, generally) is not day
trading. In fact, you must pay an extra fee for a GLOBEX trade.
Jim Brewster
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