haircut charge

GGSAE · Mar 28, 2007

Quote from huge230:

Thanks for the reply. IS intra day pairs trading common or do most people have a longer time frame?

It all depends, there's many different styles....i know of several traders that hold little to zero in overnight positions. You have to find out what works for you and your trading style.

rallymode · Mar 28, 2007

Is this thread an attempt at comedy or another push for pair trading?

yip1997 · Mar 28, 2007

Quote from rallymode:

Is this thread an attempt at comedy or another push for pair trading?

Are there a lot of Bright marketing people in ET?

GGSAE · Mar 28, 2007

Quote from yip1997:

Are there a lot of Bright marketing people in ET?

Bright Marketing? I'm a Bright Trader, responding to a Bright thread...2-3% of all Bright traders post on elitetrader. I'm sure the reason most don't bother is the negativity surrounded by comments like this.

In the last month i've replied to at least a dozen pms from other traders inquiring about pairs in addition to other comments. I really couldn't care less which firm and which trading vechicle any of these individuals decide on. I was just being honest and helpful, thinking I had something worthwhile to say. But perhaps I should adopt this approach...just rip on ppl all day, and don't offer anything constructive in anything even remotely related to trading?

GGSAE · Mar 28, 2007

Quote from rallymode:

Is this thread an attempt at comedy or another push for pair trading?

Is each one of your 1000 posts as insightful as this?

Lights · Mar 28, 2007

Don? Or do you not allow directional unhedged overnights.

Quote from Lights:

GS charges fed funds + 1.25% for debit interest? does this assume that one must have a hedged position long/short? what do you/they charge for 100% long overnight?

sandy1 · Mar 28, 2007

Quote from rallymode:

Is this thread an attempt at comedy or another push for pair trading?

I guess the old saying "We mock what we don't understand" applies here. I don't trade at Bright and make very good money day trading pairs. Maybe pair trading is too complicated for you to understand. Trading pairs takes a little more work and knowledge than directional trading. If you would like a crash course in pair trading PM and I will be more than happy to educate you on the process.

yip1997 · Mar 28, 2007

This thread is about haircut charge, not about pair trading. I think rallymode is so surprised to find people talking about pair trading instead of talking about haircut charge.

mschey · Mar 28, 2007

Quote from Lights:

Don? Or do you not allow directional unhedged overnights.

You can hold 2:1, after that you pay a pretty high haircut charge, 12% last time I checked. I imagine if you want to hold highly leveraged directional plays overnight, you probably need to run it by them first.

GGSAE · Mar 28, 2007

Quote from yip1997:

This thread is about haircut charge, not about pair trading. I think rallymode is so surprised to find people talking about pair trading instead of talking about haircut charge.

Well if you go all the way back to your opening post you single out Bright in which leads to the most used strategy there, pairs. I'd really like to hear about other firms and how they handle haircuts (trading pairs or anything else) but the only responses have been Don and Mav.