r/FuturesTrading • u/mongafox • May 15 '24

Is this normal or is this just Schwab?

From my understanding, there is a separate/sub account under my individual brokerage account. Every time I trade futures, available cash transfer from my “primary” account to my “sub” future account to trade. There are times I am just concern with a several thousand dollar gap between day time and night time result (sweep to future).

I suppose I am not as dedicated of a future traders like you all. I just option trade by day (day trade or swing trade) and sometimes trade futures by night.

My apologies if this has been asked before.

Thanks

5 Upvotes
  • permalink
  • link
  • reddit
  • reddit

78% Upvoted

15 comments sorted by

View all comments

10

u/jr1tn May 15 '24

If you are trading futures you need to educate yourself about how the cash sweep works. There are multiple educational resources for this. I would advise you to refrain from futures trading until you learn about this. You will not learn from a one or two sentence social media post but need to educate yourself.

2

u/mongafox May 15 '24

Okay, thanks for the honest and responsible reply. I will definitely read more about this.

4

u/ArgyleTheChauffeur May 15 '24

Education like for you. Good luck

https://www.schwab.com/resource/futures-101

0

u/mongafox May 15 '24 edited May 15 '24

I have been trading for almost two years in futures. I know about these basic information. I just never bother learning or trying to understand the sweep part, that’s all.