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Hi Tom:
Thanks again for sharing with us these insights. One thing that catches my
eye in this post, is the fact that you were able to trade the SP inside
your IRA. Do I understand that correctly. Could you explain how you
accomplish this?
Thanks,
Randy Murphree
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From: Thomas Brun <TDBRUN@xxxxxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx
Subject: Re: CME arbitration
Date: Thursday, September 17, 1998 1:01 PM
There have been some questions about my broker comparison that I made in
February of this year. The following information may be helpful. The
orders that I compared were Market orders except for 3 which were Stop
Close Only. They were in the SP 500 Futures. The new broker beat the
old on the SCO's 2 times. Once by .50. The rate was $15.00 + NFA fees
at the old firm and $18.00 plus Clearing fees and NFA fees up to $22.20.
It seemed to me that I was way ahead even with the higher rate.
I would have compared more than 28 trades but I hit a large Drawdown and
was forced to stop because the new account, was an my IRA account, and I
cut it half during the Drawdown. I did recover the Drawdown but not in
time to keep the new account going. I was convinced that there were
enough of trades to make the comparison valid. Although I would not
trade a system based on 28 trades. I would have continued the comparison
if Money wasn't a factor. This account was not that big.
Regards,
Tom.
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