[lbo-talk] Re: Dismissing IMF

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Jan 21 18:56:34 PST 2004


Just an update on the paper trading of short dollars ...

On the 8th, I wrote:


> A single contract of EuroFX typically requires about
> $2500 of initial margin, and $1850 of maintenance margin.
> So putting down $2500 yesterday would give you about $4000
> total today. That ought to make you feel better about your
> dollars. Sounds great, right? If the current price goes
> from 1.2739 to 1.2539 (i.e., 200 ticks), you lose your
> entire $2500.

That happened on last Friday :-)

/jordan



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