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Hans,
Thanks for such a helpful and informative reply.
Glenn Crumpley
-----Original Message-----
From: hans esser [mailto:he96@xxxxxxxxxxxxxx]
Sent: Tuesday, April 21, 1998 10:34 AM
To: omega-list@xxxxxxxxxx
Subject: Re: Advice on selecting contract month to trade
> I'm trying to determine a good strategy for selecting which
> contract month/months to trade.
You should have started with that, before you started trading !
> Until now I assumed
assume means NOT to know !
> that most contracts for a given
> commodity exhibited similar price characteristics.
> I noticed on my Sugar trade, however, that the May
> and July contracts traded at significantly different
> prices and price movements. Assuming that several
> different months generate similar trading signals, among the
> approaches I've considered are:
>
> 1. Pick the nearest month and apply all of my trading capital
> there.
> 2. Pick the next nearest month and apply all of my trading
> capital there.
> 3. Spread my capital among several months.
Take a mortgage and a second mortgage on your house and throw the
money into the bin thats atleast faster.......with the same result
> Any advice?
Learn the basics before you trade !
- Desaster is out there lurking for you
> Regards,
NAME WITHHELD, as its nothing personal but to the general public:
Give me a break ! I see guys playing around in cocoa who dont know
whether comish is per ticket, per ctck or per RT or per cocoa bean -
others play in sugar and dont know what the active month is..........
One day your market will be "locked limit" - and then you will ask:
"How do I get out ? "
I tell you how to get out: Open the window and jump !
and soon "somebody" wíll say,
"I lost all my money in futures - how can I sue my broker - what
lawyer to call "...... sure......
GOOD LUCK, guys - you need it !
Meant not as unfriendly as it may sound
rgds hans
free-advise-for-life !
DISCLAIMER
The sign-off below is my general sing-off and nothing personal :--))
~~~~~
"Never underestimate the power of human stupidity"
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