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Looks like the 5% limit has been changed to be <4%. ??

Well, how about that? The Fed dropped their MOAB, and the markets went "meh". Do they have a Fat Man/Little Boy in their arsenal? Ludicrous to think pumping money is the cure for the market when people hole up to avoid contracting a fatal disease. So.. people aren't buying/can't buy things...

With the UBI, $3Trillion/year deficit. :(

It was his economy, "Trump didn't build this", while it was going up. But now when the market is tanking, it's no longer his. What a PUTZ! (Truth be told, it was the Fed all along.)

Regardless of whatever risks Refco took with house money, wasn't supposed to affect customers... as their money was to be segregated. Not sure everyone understands... but the CFTC regs allowed brokers to use "free balances(?)"... not sure about the term... but it meant the customer balances...

Some merit in that line of thinking. In 1980, John Pugsley wrote a book about how to "survive the economy"... by loading up on toilet paper and shoes.... both essentials, of course. Ended up.... those who followed his advice had a butt-load of TP and shoes they couldn't unload to anybody. :)

That's not market risk. And with $20 MM in excess capital... customers were not at risk for any other than fraud by the broker... same as now with any/all brokers. We traders are all supposed to be "protected" by regulatory requirements of "segregation of funds"... and rely upon our brokers...

That to do with "what"?

I started this thread partly for grins. I have a friend in Chicago who normally trades 100-200 lots of ES... he sent me an email saying "he had his best week ever in points... 309... but he was only trading 5-lot." That's volatility for you.

From a member of the Stanford hospital board. This is their feedback for now on Corona virus: The new Corona virus may not show sign of infection for many days. How can one know if he/she is infected? By the time they have fever and/or cough and go to the hospital, the lung is usually 50%...

Nope. Just saying, opportunity there for the kind of thing we all want... the "big score"... the conditions for which don't come around all that often.

Well, there you go. Implementation of UBI... Corona virus the "excuse".

You content with "making your usual" when the opportunity at this time is to make "multiples"?

Good grief. Not that! Talk about stupid political pandering... Has nobody learned anything? :(

DUH! If you have to trade "small enough" and "wide enough"... kind of defeats the mission of trading on leverage, doesn't it? (Unless, of course, you just want to be a player for the sake of playing.)

I wired my money out as fast as I could as the crisis was unfolding. After about a week, I called and asked, "how are you guys making out"? They said they were looking at ~$300K customer debit, but that wasn't much of a problem as they had $20MM in excess capital". (An FCM's "required...

This the kind you like? You know... where the DOM races up an down like a laser light show? :) :)

Likely happening at most brokers. (Suggest checking with yours) In the crash of '87, Refco's policy was, "we'd rather customers don't trade at all for a while, but if you insist the margin requirement is $50,000." FWIW....

By having their meeting early (surprise) and a "bigger than expected rate cut", they hoped to shock the markets. Didn't work apparently.

Maybe it will be a wake-up for "being prepared". Stated another way, "buy a little TP every time you go to the store whether you need it or not".