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Well Dick,
I certainly won't condemn you to failure as Pete did since we don't know your
"system" or talent as a trader. Using the SP plus Prem is fairly accurate , but,
IMHO, not enough so if you plan to do "serious" day trading. A couple hundred a
month is nothing (slippage on 1 trade) if you plan to day trade Spoos, and also
you'll get to watch Bonds real time too. Definitley worth it. Depending on your
trading system and your brokerage set-up (direct to floor?), 1 minute bars are
pretty tight to trade with off-floor, but it can be done.
Good Luck,
Eric
Peter 2150 wrote:
> In a message dated 98-01-05 01:14:01 EST, sail4@xxxxxxxx writes:
>
> > Has anyone tried to do serious intraday trading of the S&P using a
> > composite of the premium and SPX? Is it worth saving a couple of hundred
> > dollars per month to do this? Also, what about trading the S&P using
> > tick data vice one minute, two minute charts, etc.
>
> Dick
>
> To the first question, in my opinion, you would not fair very
> well on very short term trading(I think you'd get killed). The answer to the
> 2nd is purely a matter of personal preference.
>
> Pete
>
> Pete
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