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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (2902)	12/27/1998 12:27:00 PM
From: James F. Hopkins	Respond to of 99985

Gersh; For all I know they might do that, but I'm not big enough to play that way. For me I can't use my short money to buy other things with, except that part of it that's to the good, bigger players draw a "short money" rebate, like interest on the money just below the short term rate, and maybe some of them can use it. They don't even pay me a rebate, all I get is any surplus from my short account rolled into my regular account once a week. That short account is there to cover the brokers rear and also requires I have 150% in my regular account of the amount it's goes the red, if it does. If it goes in the red & I fall below the margin requirements on that amount, then I get bought in pronto like it or not. I can short to high heaven if I'm on the right side of the curve, and there is no red to have to have margin for, but let that red show up and if I'm leveraged out very much I better be unwinding fast. Other people may get better deals, and I'm sure the big boyz do. One thing about it is if I'm on the right side of the curve there is no premium cost to me, in that way it beats puts, I have never played the Spoos..more small players go to the poor house playing them than any other way. You really need your act together to survive in the futures market, it can be brutal. I saw enough blood and gore there with just a fast glance to say "no way not this kid. " that's for the big Boyz. Jim