|
PureBytes Links
Trading Reference Links
|
>>why would anyone want to do this?
You might get a clear answer from Nick Leeson.
-----Original Message-----
From: Manning Stoller [SMTP:mstoller@xxxxxxxxxxxxx]
Sent: Thursday, July 09, 1998 1:45 PM
To: MICHAEL STEWART
Cc: Omega
Subject: Re: Long and Short - same month?
Dear Michael,
Every year for the past 31 years I have had the same question posed to me.
There is absolutely no reason to do this. You cannot assign trades to an
account after the fact. If the question is, if you have a position in account
A, can you have a second account B and trade the opposite side. The answer is
yes as long as you indicate the account when placing the order. But, I say
again, why would anyone want to do this? It accomplishes nothing.
Perhaps you have a good reason - if so - I would love to hear it. But I must
repeat to you, in 31 years, I have never heard a sensible reason to do such a
thing. Don't forget, we mark to market each night and the IRS marks to market
at the end of the year.
Sincerely,
Manning Stoller
MICHAEL STEWART wrote:
> Does anyone play both sides of the S&P futures market (excl Options), same
> month and contract at the same time (2 accounts), perhaps different time
> frames on a buy/sell hold until profitable basis - if so I would appreciate
> hearing from you with any ideas you may have -
|