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Re: DAY TRADER LOSES???



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In a message dated 7/19/99 10:56:25 AM Pacific Daylight Time, 
23i75h6j@xxxxxxxxxxxxx writes:

> That is a difference of: 103 pts.
>  Total Point gain: 103 pts. per contract x 12.50 x 10 contracts = $12,875 
>  profit
>  Total Time to do this: Less than 2 hours
>  
>  For everyone's info:
>  
>  Daytrading Margin Requirements for the following
>  
>  US DOLLAR $600 ($12.50 pt)
>  JAPANESE YEN $1050 ($12.50 pt)

Better count your money again: last I heard  DX is $10 per point.

Bill Wynne
TradeWynne@xxxxxxxxxxxxxxx