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 (779)	3/24/1998 3:29:00 PM
From: Spots	of 2120

But at Datek we would have a margin balance of -10,000 getting charged margin interest. Admittedly their margin interest of 7% is lower. But at Schwab you'd collect 4% at on 10,000 while at Datek you'd pay 7% on 10,000. In this particular example, a swing of 11%, the effective Datek margin rate. In this specific case, of course. That must've been the genuine Spots posting over there after all (looks like he knew what he was talking about). Thread, is this too far off-topic? Seems relevant to me, but I admit it's on the fringe. Or maybe I should say on the margin<G>.

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