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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: wilywilly who wrote (38915)	3/14/2007 1:56:57 PM
From: Ken Adams	Read Replies (1) \| Respond to of 39683

Hi Bill, Yes, the ER2 is worth $10 per dime move. Lots of bang for the buck. Initial margin for the ER is $2000 per contract, or $4000 overnight. I have never held overnight on purpose. I once thought I'd closed a complete position but left one contract out there. I didn't figure this out for 2 days... and made over $300 on it. Joke was on me! I've tightened up my activity since then and avoid mistakes like that. I don't trade anything else anymore. Some ETFs in my IRA, but not even much of that.