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Non-Tech : The Executioner

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To: Shoot1st who wrote (16)	8/25/1998 10:20:00 PM
From: Rashid Garuba	Read Replies (2) of 58

Shoot, I'll be joining the X crowd next week. Slow executions and slow browser/broker confirmations have cost me over 20k this year. For me, "X" will be free. Looks like win/win... System is set up to encourage intraday trading though i.e. you can actually trade 40k worth on 10k cash as long as it is done in 2 20k trades and you close out before mkt. close. (You get a margin call on the extra 20k if you don't close). If you carry the first 20k overnight, you cannot use the extra 20k again the following day. The extra 20k can be used only if you start the day on flat morning funds. LEVERAGE!!! (two edged sword)... George, please correct me if I'm incorrect. Rashid

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