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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Roman S. who wrote (631)	1/29/1998 8:28:00 PM
From: ----------	Read Replies (2) \| Respond to of 2241

Again, there is no specific generally accepted procedure that I have ever seen. Mostly, I would GUESS, it will involve your length of time investing, the size of your tansactions, the size of your account, your income, etc. Just as a couple of Purely hypothetical examples, consider the following: Customer A. .. has had an account with the company for 2 years. Employmed as an Electrical Engineer, avg monthly market value of the account has been $85,0000.00 , makes about 8-12 trades a year, has a current money market balance of $6,500.00 . Customer B) ... Has an internet account, typically buys stocks under $5.00, average market value is under $2,500.00 , rarely keeps more than $200.00 in money market. Again, hypothetically, your job is to approve/deny options accounts. In such a role, your continued ability to put food on your family's table is dependent on you not approving accounts that are likely to end up with your firm getting its' butt sued off. You tell me which account, IF it blew up & IF you got canned, you could go home & tell your wife why you got fired. Purely hypothetical, no basis in reality expressed nor implied. Doug