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As those on this list for some while will know, I only day trade the
T-Bonds. The reason I do so is simple: to make money consistently, with
the least amount of pressure, doing the same thing over and over and over
again, not having to bother about the fundamentals or the reasons why they
are going up or down - nor indeed trying to predict their future moves in
any shape or form. Each day is a clean start, with the market showing you
what it is doing, as it is doing it, a few ticks at a time! Some have
described the T-Bonds as "like watching paint dry", which is often how the
market seems to move, but I prefer my own description of "moves with a
measured tread". It is precisely because of the way it moves within a
sensible daily range, as it trades half a million contracts or more a day,
that makes it so attractive.
It is a market that requires no indicators to trade - only price action,
against a consistent set of parameters - and that makes for a very, very
simple form of trading. The key is money management and a minimum form of
r/r/r per trade. It is such a vast market that you can dip in and out a
will, with usually little or no slippage with a one tick bid/ask spread.
With so much going for it, there is no reason to trade other markets - and
as I need the time for other activities, that is a major blessing in itself.
Fortunately, I am in no way addicted to trading the markets per se, so
finding one particular instrument and concentrating on it has proved to be
very good. Day trading, apart from using very little capital, allows me to
have a second computer on which I can write books, articles, etc, when the
market is treading water and if other matters crop up, the monitors of both
can both be turned off and either one turned on to pick up where one left
off. I am never in the market at night and very occasionally, when the
set-up is irresistible on the long time frame charts, I might buy an option
or three on a very short term trade.
So, having been round the block with a mass of different markets, searched
for some trading system to make my fortune, tried just about every indicator
that has been developed (and that is well into three figures on my
machine!), tried to get my head around EW, Gann et al, and seen many fax and
email services from salesmen and gurus come and go - including some of those
on RT! - I have contently settled for the T-Bonds in the afternoon in
England.
Paper trade them for a while and you might suddenly find yourself in tune
with the market - and that, you will soon appreciate, is what it is all
about!
Bill Eykyn
www.t-bondtrader.com
----- Original Message -----
From: crazy12331 e reply <crazy12331@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, January 26, 2000 3:03 PM
Subject: [RT] Best day trading market
> I've day traded OEX options, stocks and S&P futures (reg. and e-mini). I
> now enjoy having the option of trading all three, depending on the day. I
> would appreciate any comments as to what others have found for consistant
> success in day trading, if you could chose only one market to trade.
Thanks
>
> ______________________________________________________
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>
>
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