Tuesday, October 31, 2006

First Futures Trade

By this afternoon I felt comfortable enough with the IB software and with the market to do my first real futures trade - selling a NASDAQ 100 E-Mini contract (@1743). This is equivalent to shorting 800 QQQQ shares. At the market close (NYSE - the Globex futures market trades almost 24 hours a day) I was up $112 on the trade. So that is nice that my first futures trade at least starts off profitably. Commission is just $2.40. Still puzzled by some quirks of the IB interface - like why I am not seeing the current profit and loss on my account window. I am also short 1500 QQQQ in my Ameritrade trading account and have 3 QQQQ puts in my Roth IRA account.

No comments: