### Comment:
You say you’re only out 1-2%. I disagree. If you are only putting up cash for the margin requirement then you are potentially out 100%. Plus you’re paying interest that whole time.

### REPLY:
No shit.  Like I said in the post, you have carry costs on the margin (mine is 2.75%).  I don't know how I could be more clear on this.  As for the 1-2%, that is, in fact, the maximum loss on the trade.  Now, if you choose to leverage the trade, then obviously you will bear more exposure.  If someone doesn't understand that, then I don't really know how to help them.

### END.