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Non-Tech : The Executioner -- Ignore unavailable to you. Want to Upgrade?

To: Shoot1st who wrote (20)	10/10/1998 9:59:00 AM
From: George Muniz	Read Replies (2) \| Respond to of 58

Hello: Rashid, I have spoken to you on several occasions since you have joined us. I hope you have developed a good understanding of how our margin buying power works. For the benefit of shoot1st and others that have recently joined us or are considering us, I will elaborate. Assuming an account has $50k in equity with us, you have 2 different types of buying power available to you. (a) Overnight buying power (b) Day trading buying power. Lets assume that on Monday you take home your maximum of $100k in overnight positions. Lets say $100k of IBM. You take this home in anticipation of holding it for several days. On Tuesday you have the ability of day trading with $50k despite the fact that you have $100k worth of IBM still long indefinitely. This is the benefit of having a trading account with us. This is quite different from your standard retail account. In the example above, a retail account would allow you to buy up to 2x's your equity ($100k) also, but this would be your limit. Essentially, your hands would be tied until you liquidated part or all of your $100k position. In other words, you would be out of business until you sold your IBM position first. This is the abbreviated description of how our margin works but I hope it helps clarify some questions. Sincerly, George Muniz The Executioner, LLC Co-Founder