|
PureBytes Links
Trading Reference Links
|
Al
How did you learn futures trading? Did you just pick up a book and start
reading? Did you have a mentor to help guide you or a broker to teach you
the ropes? A friend to share ideas with? I've been investing in stocks for
about 10 years and for the last two my focus has been in trading options and
some of the spreads I use would be easier using futures instead. How does
one make the leap to futures?
John Manasco
----- Original Message -----
From: Al Taglavore <altag@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, May 01, 1999 2:23 AM
Subject: Re: Reuter Trend Datalink problems
> Successful futures traders can trade stocks successfully. Stock traders
> must re-learn trading to be successful in futures. The reasons being the
> futures trader understands that he is trading, not investing. Also, the
> futures trader, if he is successful, has learned a discipline that is very
> rigid. The stock trader has a slower time factor in trading. A "fast
> market condition" in bonds or the S&P or most any futures contract is far
> different than IBM or MSFT making a breakout.
> I traded stocks successfully, then spent two years to learn bond and
> currency trading and paid the necessary tuition. Trading stocks is much
> easier and rewarding now because I trade them like I would the T-Bonds.
> Just my opinion and my answer to your question.
>
> Al Taglavore
> ----------
> > From: John R. <Johnonetoo@xxxxxxxxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Reuter Trend Datalink problems
> > Date: Friday, April 30, 1999 11:35 PM
> >
> > Guy...
> >
> > If I didn't follow stocks I could see using Compuserve as I look at
> > several hundred symbols for various opportunities. As the Spyder's come
> > into their own they may become my main focus and at that point my needs
> > may change to something much simpler. If that happens my data needs will
> > change. I guess the ultimate would be the S&P futures you're so
> > successful at, aaahhhh... someday. Do successful stock traders make
> > successful futures traders, anybody have any stories?
> >
> > Appreciate the info, Best Regards... John
> >
> > Guy Tann wrote:
> > >
> > > I've been using CompuServe for commodity quotes and except for a
couple
> of
> > > glitches recently, haven't had a problem in several years. Only
> download a
> > > few stocks and indices so I can't vouch for that part of their
service.
> As
> > > I remember, it cost me $9.95 a month plus $.01 a quote.
> > >
> > > I also tried Prophet and couldn't get a reliable download via the
> Internet.
> > > Would make several attempts before I was able to get most of my data.
> On
> > > other days, I had no problems whatsoever. Finally gave up. Their S&P
> > > Continuous contracts were wrong also, but they did correct them. I'm
> not
> > > sure if they went back and actually fixed their history.
> > >
> > > Most of the other futures data providers suffer from many problems,
> just
> > > look at Reuters.
> > >
> > > I might take a look at Pinnacle. Willing to try anyone if I can get
> off
> > > CompuServe and drop that account.
> > >
> > > Guy
> > >
> > > -----Original Message-----
> > > From: owner-metastock@xxxxxxxxxxxxx
> > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of John R.
> > > Sent: Friday, April 30, 1999 9:45 AM
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: Reuter Trend Datalink problems
> > >
> > > Thanks for the info!
> > >
> > > It's to bad we don't have a single quality data service that can
> deliver
> > > stock, fund, index and commodity quotes with one download.
> > >
> > > Best... John
> > >
> > > Justin Case wrote:
> > > >
> > > > > Justin/All...
> > > > >
> > > > > What is the procedure to quit Reuters? Must it only be done at the
> end
> > > > > of the month? I'm considering ProfitDirect, does anyone use that
> > > > > service?
> > > >
> > > > A called 1-800-521-2471 this morning, and simply requested
> cancellation.
> > > The
> > > > representative on the other end was pleasant and cordial and
informed
> me
> > > > that as of midnight tonight, my service will be cancelled. The
> procedure
> > > > took about 45 seconds. I believe you may cancel at any time of the
> month,
> > > > but you still pay for the full month (I may be wrong about this;
call
> and
> > > > ask).
> > > >
> > > > I signed up for ProphetDirect a couple of months ago and did a spot
> check
> > > of
> > > > random commodities...not one of them had the correct volume figures,
> and I
> > > > cancelled the service the same day. Again, Pinnacle is known to have
> the
> > > > cleanest futures data, and I have heard the same about CQG, though
> the
> > > > latter is pricey.
>
|