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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: LTBH who wrote (3788)	4/21/1998 3:29:00 PM
From: steve goldman	Read Replies (2) of 12617

Networm, You understanding of the regulations seems accurate. Nonetheless, I cannot comment on your hypotheticals as they were not clearly stated... " With a given $12K cash and holding the max position in one stock; I will have $6K in maint excess and a $12K stock position. In other words, a day trader fully positioned in one stock is not leveraged any more than a straight cash position. Margin leverage for a day trader only becomes efficient when holding 4 or more equal positions. Additional Considerations: Do house rules on maintenance excess for concentrated positions generally cause a more diluted position than outlined? If so, what is the range? If the maintenance excess is held in a bond mutual fund purchased through the broker, is the full actual fund account value applied? If derated, by what amount? " I do not understand what you are asking. Please restate or if someone understands what networm is trying to present, please do so for networm. Regards, Steve@yamner.com

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