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Non-Tech : CYBERTRADER
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To: David Sirk who wrote (2032)3/15/1999 1:59:00 PM
From: kaz  Read Replies (1) of 3216
 
David,

I can't think of too many brokers who would turn down a $150,000 account. While brokers have certain requirements to ensure margin calls will be met I have yet to find one who really checks out the story (why do you think there are so many people who haven't been able to pay). I'm not saying this is a good thing. But you can say pretty much anything you want on the application without fear that they'll find out (you might want to omit the fact that you don't have steady work. Just put down "actor" and leave it at that). Having said that, I believe it would be prudent to take, at most, $50,000 for your initial trading account. That way if you find that maybe you're not so cut out for this you will not have blown the whole wad, so to speak. If you find you are continually tapping into outside funds, you know you're not doing well.

Lots of people have tried trading. Few succeed. Guard your money with great care.

Regards,
Paul Kaz
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