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<DIV>im attempting to start trading the minis,i wonder if the traders of this
instrument can guide me through the pitfalls and advantages of this beast</DIV>
<DIV>many thanks</DIV>
<DIV>arnon</DIV></DIV></BODY></HTML>
</x-html>From ???@??? Mon Jun 05 07:03:19 2000
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
References: <200006050321.XAA25437@xxxxxxxxxxxxxxxxxxxx>
Subject: [RT] Re: which way- stock or futures account
Date: Mon, 5 Jun 2000 04:52:46 -0600
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Status:
You have to quantify your risk acceptable risk level and trading time
frame. Most futures traders who survive for any length of time do not
bet the farm on trading futures - 2-3% of account size in risk per trade
is considered prudent - $320-480 risk per trade on a $16,000 account.
Unless you plan to day trade very short term charts, $320-$480 will not
buy you enough room for stops and short term charts in the stock indexes
are mostly noise. Also, it is far more difficult to trade index futures
than most stocks. I would suggest a minimum of $50,000 account size to
trade the SP e-mini and more for the ND e-mini. Bonds are not a bad
place to start and you can use the smaller contracts on the Mid-Am.
Grains (also on Mid-Am) are also a good place to start but they are
already in weather market due to anticipated drought which can subject
you to adverse limit moves.
Earl
----- Original Message -----
From: <itradesp@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, June 04, 2000 9:21 PM
Subject: [RT] which way- stock or futures account
> Phil,
> I was thinking about what you told me before regarding the 60%-40%
> short term/long term in futures for taxes regardless of the holding
> period, where as stocks are 100% short term gain if held for less
> than 1 year, and 100 long term if helf for over a year, so, do you
> think it would be smarter to close my small ameritrade account
> ($16,000) which I only hold 2 leading stocks in (qcom, itwo) and open
> a futures account and trade either an e-mini SP or an e-mini ND
> everytime a blue bar signal comes along? the way I see it, I won't be
> holding any stocks for over a year, and massachusetts has a 12%
> capital gains tax on short term gains and of course federal depends
> on your income bracket, so it would be around 28% for me, so that =
> 40%. What would the difference be? I would be trading the leading
> stocks on blue bar signals anyway if I kept trading stocks with the
> Ameritrade account, so why not just trade a futures index with the
> blue bar, instead of picking a leading stock when the futures index
> gives a blue bar? then I'd be in a 60/40 short term/long term bracket
> regardless of holding period right?... I'd like to know what you
> think about this. Thanks
>
> Matt
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