jfavila03

@AirplaneJane I'm reading up on trading futures. What I'm struggling to understand is what happens when the contract expires and it's time to settle? If I buy 1 contract for the Emini S&P, will I be required to to fulfill the terms of the contract? Excuse me for sounding naive.

jfavila03
jfavila03 Jul 05, 16 11:57 PM

Yes it does. Thank you both. I wouldnt want to be in the hook to perform on the contract.

jfavila03
jfavila03 Jul 06, 16 12:01 AM

Im also wondering about profit/loss per contract. The emini s&p has a value of $50 for every point. If I go long 1 contract and the price goes up 1 full point, my total profit would only be $50? Or is there more that I am missing?

TraderDunn
TraderDunn Jul 07, 16 6:09 PM

Yes your profit would be 50 dollars. If it goes up 10 points 500$. And he is right you would have you exit your position. I didnt know if the link helped you out or not

TraderDunn
TraderDunn Jul 07, 16 6:23 PM

IF you trade oil /CL or Gold /GC these are the big contracts. There are mini contracts of these too.

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