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Non-Tech : MB TRADING

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To: rodney beasley who wrote (3762)	2/7/1999 8:19:00 PM
From: Shafik Habal	of 7382

Numerous firms out there provide 10:1 margin. I would strongly discourage that kind of leverage though unless you have been trading for quite some time. Genreally, these firms do take precautions to limit traders from getting too heavily underwater in their positions. Essentially, when one opens an account, you are becoming a "member" of the firm, and as such, will be using professinal margin rates. Some of these supermargin firms do require 1% of profits to be redirected from your account into the 'general partnership' of the firm. The following are some firms that you can inquire about: harborsecurities.com ( I think there are two companies that came out of the original Harbor, one is called Harbor Remote, located in San Francisco and the other is called Harbor Securities, located in NY...each is a separate entity with different ownership now) or vbsecurities.com or schoenfeld securites (don't recall their URL). I suggest thoroughly thinking this through before deciding to use that kind of leverage. One bad week and traders at these firms are usually wiped out. Good luck to you.

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