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

To: KM who wrote (10071)	9/3/2000 11:23:15 AM
From: Shoot1st	Respond to of 18137

I had a conversation with Southwest mgt a year or so ago. They basically said...."our legal dept drafts very good contracts and we don't have any fear about having a customer of anybody who clears through us getting anywhere legally." I closed that account, too. Shootie

To: KM who wrote (10071)	9/3/2000 12:16:45 PM
From: Brandon	Respond to of 18137

I try to understand where the clearing firms are coming from on the margin calls and such. There are a lot of idiots who decide they can trade stocks, and the firms take a good deal of risk in clearing them. They are not in business to cover the mistakes of others and have to eat those losses. Personelly I guess Id rather be with a firm that is a bit gung ho on enforcing risk matters than one that is a bit lax. I get 6 or 7 margin calls a month and just maintain two accounts. A margin account and a trading call account at the bank. Brandon