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PureBytes Links
Trading Reference Links
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If anyone is interested in learning about futures in an informal way
(like this email list). Try www.realtraders.com. Go to the subscribe or
join icon. It is a free email list server. There are quite a few guys
who trade the S & P futures, currencies, as well as bonds. There are a
few former floor traders, etc. Just like any list, the clientele changes
from time to time. There are experienced futures traders who can answer
many questions.
Harley
Steven Buss wrote:
> There are multiple brokers one may trade through. I'm using LFG
> (Linnco
> Futures Group), but evidently Lind-Waldock has some things that I
> currently
> don't have. I'm downloading info from L-W today to see what that
> might be.
>
> It looks like CME is going to enhance Globex trading facilities to
> provide
> for stop orders sometime in 1998.
>
> I'd bet capital requirements vary across brokers. Probably the way
> one
> places a trade varies across brokers as well. L-W may have an online
> system. With LFG, I make an 800 number phone call. It's a cinch to
> get
> filled at the current bid/ask.
>
> Steven Buss
> Walnut Creek, CA
> sbuss@xxxxxxxxxxx
>
> -----Original Message-----
> From: jeff f brady <surfingrincon@xxxxxxxx>
> To: sbuss@xxxxxxxxxxx <sbuss@xxxxxxxxxxx>
> Cc: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
> Date: Friday, January 23, 1998 5:56 PM
> Subject: Re: Breaking into Futures Tip...
>
> >How do you trade on Globex ? Is there a special broker to use?
> Capital
> >requirements ?
> >
> >Thanks
> >JB
> >On Fri, 23 Jan 1998 15:26:02 -0800 "Steven Buss" <sbuss@xxxxxxxxxxx>
> >writes:
> >>As mysterious as "overnight trading" may sound, I've come to believe
>
> >>that
> >>it's easier to trade S&Ps on Globex than during the day (not that
> one
> >>can't
> >>be successful during the day also <G>).
> >>
> >>The reason for this is that, although the trading volume is thinner,
>
> >>the
> >>speed with which small players must move to avoid losing their shirt
>
> >>is
> >>dramatically reduced most of (but not all) the time.
> >>
> >>The technical indicators that would lead one to be successful during
>
> >>the day
> >>(if only it didn't move so quickly) work the same way that they do
> at
> >>night,
> >>albeit sometimes they look a bit more erratic because of more price
> >>gaps due
> >>to volume thinness in the middle of the night. They just (usually)
> >>move in
> >>slower motion.
> >>
> >>The one problem is that one can't place stop orders on Globex. So,
> if
> >>you're small like me you pretty much have to devote yourself to
> >>watching the
> >>screen for a few hours...
> >>
> >>I thought this would be interesting to the list given Equis
> delivering
> >>a RT
> >>product at some point.
> >>
> >>Steven Buss
> >>Walnut Creek, CA
> >>sbuss@xxxxxxxxxxx
> >>
> >>
> >>
> >
> >_____________________________________________________________________
>
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