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<x-html><html><div>Realtraders,</div>
<br>
<div> Hope everyone has a fantastic long-weekend. Personally,
I will be out of town (camping...and no computer) until Monday. If
anyone has any difficulties during my vacation, you will have to wait
till Monday...sorry.</div>
<br>
<div> Please remember to abide by our rules, this is in an effort
to best enhance the quality of posts for everyone. Also, we have
been working on revamping the RT Website
http://www.realtraders.com
And in it, you will now see that we have implemented an application for
entry into this Forum. It is no longer open to just anyone!
This was done to increase the quality of membership, for the
future. However, I may be making some changes in the near
future.</div>
<br>
<div>Have a great weekend,</div>
<div>John Boggio</div>
<br>
<br>
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</x-html>From ???@??? Fri May 28 14:31:59 1999
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Reply-To: SenFl@xxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "SenFl" <SenFl@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Datafeed, Broker, Tradestation
References: <199905281834.LAA24721@xxxxxxxxxxxxx>
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<HTML><HEAD><TITLE>Re: GEN: Another Customer Support Story</TITLE>
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<DIV><FONT face=Arial>FYI : Being a customer of the following and reporting I've
had very positive experience with the following :</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>DATA FEED : Quote.com $80 a month - TOTAL ! <FONT
face=Arial size=2>Charting Included, nothing else needed !</FONT> Multiple
servers all over the country. Built by traders for people like us !
They are polite, responsive, and smart. 800-498-8068</FONT></DIV>
<DIV><FONT face=Arial><A
href="http://www.mxcapital.com";>www.mxcapital.com</A><FONT
size=2> </FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>BROKER : E-Mini - Refco - $9 Round Turn
Electronic 800-548-4813 <A
href="http://www.reiflertrading.com/trading/eminiindex.html ">http://www.reiflertrading.com/trading/eminiindex.html
</A></FONT></DIV>
<DIV><FONT face=Arial size=2>No other set up fees, human backup if system goes
down.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>NASDAQ : Preferred Trade $7.75 trade. Will interface
with Quote.com shortly.</FONT></DIV>
<DIV><FONT face=Arial size=2><A
href="http://www.preferredtrade.com";>http://www.preferredtrade.com</A></FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial>Analysis : NET TRADER $549 (short time only)
212-983-2775 </FONT></DIV>
<DIV><FONT face=Arial size=2><A
href="http://www.mxcapital.com ";>http://www.mxcapital.com </A><FONT
size=2> (ordered it, haven't tried this but looking
forward to it)</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Tradestation 4.0 & 2000 Datafeed converter for
Quote.com $194.50</FONT></DIV>
<DIV><FONT face=Arial>Currently limited to 1200 symbols, new version to be
released in a couple of months.</FONT></DIV>
<DIV><FONT face=Arial size=2><A
href="http://www.freeyellow.com/members6/dynastorelight/pricing.html";>http://www.freeyellow.com/members6/dynastorelight/pricing.html</A><FONT
size=2> (haven't tried this but looking forward to
it)</FONT></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></BODY></HTML>
</x-html>From ???@??? Fri May 28 16:31:50 1999
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Date: Fri, 28 May 1999 16:24:46 -0700
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From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Options vs Stops
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Mervin:
If you believe the future is going down short the future, the reverse if it
is going up. Then use a call for protection on the short or a put for
protection on the long. Go into any options page and see what a call or put
one strike out of the money will cost. Then do the same for an at the money
call and put. Amortize that over the time left on the option. You will find
that the cost per day is minimal. You can still use stops on the futures if
you want to. This also allows you to day trade the future all day without
having to use stops if you are using the option as your 3% factor
protection. Always use the future in the direction your system tells you
the market is going. You have liquidity and none of the problems that
options sometimes present.
Have a good week end, Ira
Mervin Yeung wrote:
> Hi RTs,
>
> I rarely trade options or use options as a risk-control tool. So, I am
> going to ask a few naive questions about using options instead of
> stops.
>
> I trade currency futures contracts but I find stops are almost
> completely useless because of over-night moves. Also, in some futures,
> such as T-Bond, I had a first-hand experience of my stops being filled
> 30 ticks away from the intended price.
>
> Say, if I am bearish on D.Mark and I want some protection, I can:
>
> (1). Short D.Mark futures and then place a stop loss order (buy stop);
>
> (2). Short D.Mark futures and then buy D.Mark call options;
>
> (3). Buy D.Mark put options.
>
> Which is the best way to do it? I think (2) and (3) are the better way
> to go because (1) cannot protect you from over-night moves. However, I
> was told (by a friend) that by buying options, I paid more than the
> "fair" (relatively speaking) price. Options writers are not dummies who
> allow you to transfer all the risk to them without asking "high"
> (relatively speaking) premium. Is that true?
>
> Also, I am concerned that the liquidity in options market is not as good
> as in futures market. Correct me if I am wrong.
>
> I am so inexperienced in options that I worry I may have a bad trip if I
> try to explore the unfamiliar.
>
> Thanks in advance for any comments.
>
> Mervin
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