Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (44165)	10/21/1999 11:45:00 PM
From: wanmore	Read Replies (1) of 94695

Funny you should mention that. Today my broker informed me that his main office in New York has set an alert on my account. It seems I have accumulated an excess in commissions. You see at this point my YTD realized gains are exceeded by my YTD commissions. For every $1 I've made in profit he has recieved $1.12 in commissions. This is mostly due to a couple huge hits I took on October options expirations. They have decided to restrict my ability to day-trade until this imbalance is corrected. "Funny" that this would all happen during the 1 month of free trades I got from my broker for some improper executions a week or so ago. Is it also a coincidence that today I decided I was going to close all positions at the end of each day since we seem to be gapping up and down all over the place every morning. I think I'll feel safer in cash overnight. I fully expect to wake up one morning with a gap up or down on the S&P of 25+ points based on the outrageous volitility I've seen lately. Either scenario I would rather miss since you can usually follow the daily trend but it is it is much harder (lately) to predict what it will be tomorrow.

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