Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: peter michaelson who wrote (733)	3/18/1998 1:43:00 PM
From: Spots	Read Replies (1) of 2120

Most brokers won't pay you interest. If you're a really big customer (half a million in shorts or so) you may be able to get nominal interest on the short cash balance, or so I read. Any exceptions to this are exceptions indeed. Yes, it's a free ride for the broker. Most brokers also mark your short position to market daily and charge you margin interest on the difference if it's value falls below the cash generated by the short. This is loads of fun and profit. For the broker. There may be brokers who do it better, but I don't know of one. ALL of the ones I've ever dealt with do some variation of this.

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