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Non-Tech : CYBERTRADER

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To: William W. Dwyer, Jr. who wrote (2040)	3/15/1999 8:01:00 PM
From: Bill Fischofer	Read Replies (1) of 3216

Re: Requirements The wording seems quite plain to me. If I currently use an online broker like E-Trade, they want to steer me to MBTrading or some other direct competitor. I'm sure MBT is delighted by this requirement. As far as screening goes, I notice the minimum capital to open an account has been reduced from $25,000 to $15,000. I think most experienced traders would agree that $15K (or even $25K for that matter) is a dangerously thin level of capitalization for daytrading. At $15K, you'll be losing close to 2% of your capital each month just for the cost of the data feeds and network connections before you make a single trade.

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