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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (4236)	9/19/1999 8:04:00 PM
From: Cormac	Read Replies (1) \| Respond to of 18137

Matt - "I personally think that the risk of not being invested is far greater than the risk of being prudently invested. IMO" Matt could you elaborate on this statement? Does this mean that if you close out a position and are "in cash" at the end of the day and cash is swept into money market fund...you consider yourself at risk? If so do you in practice look for a prudent investment to place your cash equity rather than have it swept... or are you saying that having a prudent investment position is a better investment than cash... do you believe that some liquidity is beneficial or do you want to be fully invested at all times? and I believe that some clearing firms acquire additional insurance (beyond the SIPC standard amounts that the brokers carry)...Speer, Leeds and Kellogg purchases an additional $100 million per trading account thru AETNA, Penson carries an additional $24,500,000 per acct. Cormac