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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (38012)	10/21/1999 11:13:00 AM
From: Gary E	Read Replies (1) \| Respond to of 44573

Gersh, What about the vig ? Maybe thats the problem, da boyz got ta get there"s ya know.....

To: Gersh Avery who wrote (38012)	10/21/1999 2:56:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 44573

Gersh, Your equity balance for the prior day's close was $450K+...And that was based on being short 20 contracts with a close on the emini of 1274.50. It matters not what your basis on those 20 were from that point on, as that was your closing balance on that day with that position with that closing price. Holding 18 of those 20 to 1292.50 yields the result of 18 X 18 = ??? pt. loss for the day plus the loss on the cover of 2 at 1287 from 1274.50= 2 X 12.50 = 25 pts. Then 10 pts. commish gets added on top for dessert! <g>. Does it make sense that if you held 18 contracts from close to close and the market ran against you 18 pts., that you would lose $$$ on the day? Thanks, David