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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Spots who wrote (742)	3/18/1998 3:51:00 PM
From: Christopher	Respond to of 2120

Ken, what is exactly drawdown and maximum drawdown. Would appreciate your input.

To: Spots who wrote (742)	3/18/1998 4:09:00 PM
From: dpl	Respond to of 2120

>Each day Schwab marked the position to the market. If the stock rose by 5k (so I had 5k loss), the position would show 55k debit on the short and 50k credit on the proceeds for net 5k debit. In that case, I was charged margin interest on 5k for the day. If the stock dropped to 45k (I had a 5k gain), the position showed 45k debit for stock and 50k credit for proceeds for a net 5k credit, and Schwab paid me free cash balance interest on the 5k for that day. Of course, the margin and free cash interest were cumulative; I'm being sloppy for illustration. This was 2-3 years ago; Schwab may have changed their policies by now for all I know.< Spots,that is exactly the way I remember it.

To: Spots who wrote (742)	3/24/1998 12:50:00 AM
From: peter michaelson	Read Replies (1) \| Respond to of 2120

Spots: I think you've seen the new 'official' Datek post re interest calculation on shorts (shorted on margin). Or was that the other Spots? Message 3810792 I also have a Schwab account, but get confused in comparing Datek vs. Schwab calculations. Judging by your earlier post on this thread, Datek is much more costly than Schwab on shorts (again, assuming there is not cash in the account at 100% of short value). Is this correct? Have you double and triple checked? I'll try to compare again. thanks peter