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PureBytes Links
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Futures is not a zero sum game. The possession or not of the underlying,
or other related derivatives, affects the purpose of taking a futures
position. And it affects whether the position is better as a winner or
loser within the narrower perspective of the particular future contract.
-----Original Message-----
From: William Heinz [SMTP:wheinz@xxxxxxx]
Sent: Monday, October 26, 1998 2:11 AM
To: sptradr@xxxxxxxxx
Cc: omega-list@xxxxxxxxxx
Subject: Re: Who makes money?
I didn't mean to strike a sour note. As a potential trader I was struck by
a
recent posting on this list by a broker who "confessed" that in his 18
years
he had only seen a "handfull" of traders who were profitable. That doesn't
even add up to 10% which is the advertised figure. Maybe some of us want
somebody to provide some proof as to their success although I know it is
certainly not required. After being to several "real time" S&P seminars and
seeing the "big boys" trade "frantically and haphazardly" and also
consistently lose on that particular day I'm naturally skeptical although
still fascinated by the possibility that day trading S&P's could be a
successfull venture. Somebody's winning in this zero sum game
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