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Strategies & Market Trends : The Player's Club
SPY 685.66+0.2%4:00 PM EST
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To: Bull RidaH who wrote ()5/8/2000 1:24:00 PM
From: Gersh Avery  Read Replies (1) of 11513
 
Attention all players.

To simplify my paperwork whenever someone is over the limit for contracts being held overnight, the first transaction for the next day will need to be a transaction that will put them back within the limit. The price of the contracts will be whatever the MOC was.

For example, in the report for the end of day Friday I was the only one over the limit. I had exceeded the limit by two contracts.

So then, my first transaction for today is to buy 2 at whatever the MOC was Friday. This puts me into the correct amount for overnight hold and fits in with what would have taken place at a brokerage with the MOC fill.

So then .. my first trade for today is a buy 2 at 1440.

The $500 fine still applies.

Any questions?
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