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Freaking out is a process whereby an individual casts off restrictive and outmoded standards of thought, dress, and social etiquette in order to express creatively their relationship to the immediate environment and social structure as a whole. |
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On a more serious note, freaking out means you lose control of your trading. |
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Question 4: What are the different types of memberships at the Chicago Mercantile Exchange and what are their costs? |
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Neal: Table 12-1 does a very good job of explaining the various memberships. Please note: They are subject to change. |
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Question 5: You say that traders will give different answers to the same risk-reward question. Can you explain? |
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Neal: Certainly. In one case, each person in a group of traders was handed $30 and told they could walk away with the money, or they |
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| Table 12-1 Types of Memberships in the Chicago Mercantile Exchange | | | | | Required trading capital* |
| | Full CME membership | | | | | IMM division membership | | | | | IOM division membership | | | | | GEM division membership | | | | | Permit programs | Usually under $3K | | | | * Leasing a seat has different capital requirements than owning a seat. |
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