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Francisco Alcazar wrote:
>
> Hi everyone. This is my first post here so I hope i gets to all of you.
>
> First of all, being a new trader I have some questions.
> 1. Is it possible for this? If i buy an S&P 500 futures (not mini S&P)
> contract is it possible for the broker and the person on the floor for
> this? "If I sell 1 contract of S&P 500 futures, for an intraday trade
> of about 10 minutes, for the broker and/or the person on the floor to
> buy the contract I sold, to buy it for him or themselves and put the
> contract 1 or 2 points to their advantage, since they bought the
> contract I sold, can they buy and sell at the price they desire since,
> on the floor they are the seller and the buyer?
>
> This previous question is a bit complicated but I hope all of you can
> underestand it.
NW: What you have described is called "bucketing" trades and is highly
illegal. This is the type of thing that gets a broker a ticket to jail
or a new career.
> 2. What can I do to eliminate the betting part of speculating?
NW: Don't speculate. By definition speculating is assuming risks. If you
don't want to assume risk, don't speculate. Of course that can be quite
difficult when you consider that life is just one series of bets after
another.
>
> 3. Which method can I use to daytrade the mini S&P
NW: Only you know the answer to that.
Advisedly,
Norman
>
> any responses will be appreciated thank you.
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