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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Carl R. who wrote (41069)4/18/2000 12:17:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
< you'd find less margin at the full commission houses>

You may have a point there, when I consolidated many of my accounts into Merrill my friend there who handles it told me he wanted to reduce the amount of margin I had outstanding on equities.

He felt, first of all, that ML's Margin costs were too high. So I went with that and reduced it to zero. I suppose if I had left it at the other houses it never would have been suggested to me, and my time was pre-occupied with S&P trading so it would not happen on my initiative either.

As you say, I was not in the mood to send in a check whenever I wanted to invest nor was I about to leave a large amount of Cash idle so margin became a habit.....sort of like smoking cigarettes or posting on Silicon Investor.
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