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well niether futures or stocks are zero sum games, they are both
minus sum games, due to slippage,spreads and comissions..... JSD.
At 06:15 06/06/98 EDT, you wrote:
>Let's talk about the concept of a Zero Sum game. The implication is that for
>every Dollar won, there is a Dollar lost. This is the nature of the futures
>market. Assuming you are a better trader than the "other guy", you will
"win"
>that dollar and he or she will "lose" it. But that's a tough assumption to
>make, especially when one is just starting to trade futures.
>
>The stock market on the other hand is not a zero sum game. It averages 10%
>per year apprectiation, which I guess makes it a "10% Sum game" (long) and a
>"-10% Sum game" (short). Trading stocks on the long side is a fertile
>training ground for "future" "futures" traders who want to practice with a
10%
>backwind (try saying that 10 times fast). Just my opinion and food for
>thought.
>
>{DISCLAIMER: I have no professional connection with any stock exchange}
>
>Best Regards,
>
>Jerry Rehert (grehert@xxxxxxx)
>Atlanta, GA
>@ 06:03 am, June 6th, 1998
>
>
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