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PureBytes Links
Trading Reference Links
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Here. Here.
Traders are suckered into the Futures market. I do not blame traders. I
blame the reckless advertising that is allowed to be portrayed as facts. How
about explaining to everyone what a Rydex is and how you use it?
-----Original Message-----
From: David Fenstemaker <dfens@xxxxxxxxxxxxx>
To: Neal T. Weintraub <thevindicator@xxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Monday, July 20, 1998 10:49 AM
Subject: Re: Floor trader Study
>I agree with Neil on the futures vs stocks and mutual funds.
>
>It is much easier to make money trading stocks, or the Rydex
>Funds, Fidelity Selects or SPY'ers than it is the SP futures
>or any other futures, but Trade Station, Omega World and
>TAG are mostly futures oriented, though the trading methodology
>for the most part can be applied to stocks. Most products
>assume you are trading futures and don't support very well
>what a day trader in stocks wants and needs. Commissions,
>slippage, and how you test and run chart scanner are not set up
>for trading stocks. If fact, it makes it difficult and
>time consuming where it does not need to be.
>
>At TAG, you hear alot of, "We are getting more stock
>and option traders these days" meaning that they are getting
>rookie boneheads. I have found though when I find someone sitting
>next to me totally clueless, upon talking to them they will
>be a broker for a large firm sent there for training. Scary.
>
>When people ask me why I don't trade futures, it a simple answer.
>First, the SP 500 futures are like playing in the NBA. Why play
>a zero sum game against the best everyday? Second, with so many
>stocks, you can find set ups in your favor that the whole world
>is not trading. With SPY'ers and the Rydex funds, you can
>handle a little volatility with out getting killed.
>
>David
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