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Marlowe:
HOPS only applies if you are a Kangaroo and live in Australia. You may be
able to sublease a HOP but I DO know that the Australian government no
longer allow them to exported out of the country. I heard that the
government started limiting
the number of HOPS per Kangaroo last month in order to conserve gasoline
consumption. Now if you can get enough HOPS
you can make beer but please check with the SEC , NYSE & the NASD concerning
the rules and regulations. Too many
HOPS and you may become an insider. If you corner the HOPS market you can
them become a .com. I strongly recommend
you go to Australia and check out all your options concerning HOPS. Please
send me a picture if you find a nice Kangaroo
friend.
Norman E.
Marlowe Cassetti wrote:
>
> What the hell is a HOPS?
>
> ----- Original Message -----
> From: Terry S. Smith <tesla@xxxxxxx>
> To: <marlowec@xxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 19, 2000 2:44 PM
> Subject: Re: [RT] Re: S&P Learning Curve
>
> > If your trading online you must get pingplotter and run it in the
> > background. This software will tell you how many HOPS you have to the
> > terminal and when the system goes down you will know exactly where it is.
> > Very, very important for any internet traders out there.
> > ----- Original Message -----
> > From: Marlowe Cassetti <marlowec@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, April 19, 2000 10:07 AM
> > Subject: [RT] Re: S&P Learning Curve
> >
> >
> > >
> > > Sean,
> > >
> > > I just started (5 days now) daytrading the ES. I have a friend who has
> > been
> > > trading this and the NQ quite successfully, so I'm following his system.
> > He
> > > uses Lind Online and I use Jack Carl ETC for trading. I use
> TradeStation
> > > 2000i and he uses MetaStock RT. We both use eSignal.
> > >
> > > My experience with JC ETC is that they are quite fast on the orders and
> > > fills. On my second day, my JC internet service froze up. I was able
> to
> > > restore it and recover without a big hit. I now keep my cell phone
> beside
> > > me with the trade desk speed-dial selected as a backup.
> > >
> > > I hesitate to give my results because they represent a small statically
> > > sample- But I'm averaging about $83 per contract per trade with a 72%
> win
> > > ratio.
> > >
> > > Again, I too am feeling my way through daytrading and I'm on my own
> > learning
> > > curve.
> > >
> > > Hope this helps ... Marlowe
> > >
> > >
> > > ----- Original Message -----
> > > From: Sean Cassidy <scassidy@xxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Tuesday, April 18, 2000 10:26 AM
> > > Subject: S&P Learning Curve
> > >
> > >
> > > Can anyone give me the approximate learning curve for most people
> trading
> > > e-mini S&Ps, in terms of dollars? I know this is completely subjective
> and
> > > will vary widely from trader to trader but I would just like to know
> what
> > > most successful traders went through in terms of drawdown before
> becoming
> > > profitable. I am using some system software that is right most of the
> time
> > > but have had trouble with slippage and a few bad fills. I am using Jack
> > Carl
> > > and they seem very slow. it sometimes takes a minute or more for an
> order
> > to
> > > become live. Is this bad? It sure seems to be. Again just a few
> > experiences
> > > of others would let me know if I am on the right track. After about 17
> > > trades I am down 7 points and a total of just over $600. Is this good,
> > bad,
> > > should I be looking for a real job?
> > >
> > > Sean
> > >
> > >
> > >
> > >
> > >
> >
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