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Dave,
I think you should re think your trading. $30,000 margin should get you
to trade 6 S&P contracts. For the energy you put in (sounds very strenuous) you should look at the
S&P. To make $1,000 you can scalp out .7 pts during a 2-3 hour session. On most days the S&P
moves 10-12 points in high-low, but it may move 20-30 points in small trends during the day and end
up only plus or minus 2-3 points. I agree it is not for everyone but it looks like your stress level may
be higher than an S&P daytraders.
Also the extensive research sounds mind boggling(sp).
Just an observation and food for thought.........................
Frank
cerrone@xxxxxxxxxxxxxxxx
-----Original Message-----
From: David Fenstemaker [SMTP:dfens@xxxxxxxxxxxxx]
Sent: Sunday, March 22, 1998 9:55 PM
To: omega-list@xxxxxxxxxx
Subject: My trading method
I day trade the NYSE, not the NASDAQ because of
needing to control slippage tightly to make a profit.
So here are the crown jewels:
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