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IN THIS SECTION:
You Must Know | Day 1| Day 2 | Day 3 | Profit/Loss Summary
Futures Margining System Example: A Hypothetical Gold Futures Contract
Day 3
| Opening Account Balance (from Day 2) |
$2,500 |
Price rises $14/oz. to $402/oz.
($1,400 per contract) |
+ $1,400 |
| Trader offsets the long futures position at $14/oz. and liquidates the accounts for |
$3,900 |
| Account balance at end of Day 3 |
0 |
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