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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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