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I couldn't disagree more. IMO, the S&P adheres more closely to the
principles of chart analysis than do stocks, thereby making it more
"readable." The S&P responds to general market forces, stocks respond to
general market forces as well as individual fundamentals. The stock
day-trading technique described in "The Electronic Day Trader" was analyzing
the market makers, not the market. I would rather play against the market
than against market makers or specialists.
In addition, leverage and volatility make it easier to get a better return
with futures than with stocks.
JFB
Shaven Heads Trading NYC
-----Original Message-----
From: Sigstroker@xxxxxxx [mailto:Sigstroker@xxxxxxx]
Sent: Monday, October 26, 1998 1:25 AM
To: omega-list@xxxxxxxxxx
Subject: Re: Who makes money?
IMO it's easier to daytrade stocks than the S&P for most people. You don't
have to sit and wait for your setup, there's likely a stock out there
somewhere that's setting up the way you want at any given time. I think you
also can get a little skill edge on the masses with stocks easier because
S&P
traders are a little higher up the financial food chain in general.
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