Each e-mini contract cost $500 to
purchase/trade (either short sell or buy long). If you have an account
size of $2500 then you can trade 5 contracts (5 X 500 = 2500) at a
time. The most you can hold at one time is 5
could also trade 3 contracts and then trade 2 more on separate orders for a
total of 5 being held at one time. If you sold 1 contract of the 5 you
hold, you now hold 4 and could place another order for 1 new contract.
Once you get in and out then you can do 5
again. If you make 500 profit that day, then the next day you
could do 6 contracts. If you have a $15000 account you could do
30 contracts at a time (30 X 500 =15000). $500 margin is great
benefit for day trading (in and out the same day) the e minis.
Note from Video: Russell 2000 no longer trades from the CME
but now the ICE.