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before the '87 crashette, $6000 margin for 1 overnight spoo. i traded 10's
and 20's overnight with little concern.
but i day traded 20's with less than $15k in the account.; with spoos trading
in 0.05 tick increments and an average daily range of 2-3 handles.
now i trade less (5 or less) cars and make more...adaptibility is the key
to surviving in this business.
TJ
At Wed, 12 Jan 2000 10:28:59 -0700, "Gary Fritz" <fritz@xxxxxxxx> wrote:
>What was the margin requirement for S&P in 1985? I don't know, but
>I'll guarantee it was a lot less than it is today. Wouldn't surprise
>me terribly if the margin for 30 cars in 1985 was in the same
>ballpark as the margin for 2 cars in 2000. After all, the exchange
>sets the margin requirements based roughly on the recent volatility.
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