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<DIV>To Anyone interested,</DIV>
<DIV> </DIV>
<DIV>I propose a stock trading contest among the members of RT. There is a
web site virtualexchange.com that will allow us to form a group of traders
that can trade independent portfolios. Since the site is free, it is just
a matter of members' interest. I propose a contest that begins July 3,2000
(Monday) and concludes the last trading day of 2000. The program updates
everyone's portfolio automatically and ranks the participants according to
returns. I do not believe it allows futures trading and I am not sure
about mutual funds but I do know that you can buy or short sell stocks. It
allows virtual accounts of up to 500K but I suggest we limit our accounts to 50K
to be more realistic about true capital abilities. I await any
interest.</DIV>
<DIV> </DIV>
<DIV>bob</DIV></BODY></HTML>
</x-html>From ???@??? Fri Jun 23 14:52:42 2000
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From: "Gitanshu Buch" <OnWingsOfEagles@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] RE: Stocks and futures
Date: Fri, 23 Jun 2000 15:04:01 -0400
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Status:
>advantages of trading stocks as opposed to futures at this
>particular time?
a. Less leverage in an equally volatile environment = good for portfolio
b. More opportunities to trade (ie make mistakes, correct them, trade the
next bus) in breakout/breakdown setups simply because there are more
instruments available to trade
c. Same hedging characteristics as futures
d. Lesser number of "limt" moves,
disadvantages at the present time:
a. Liquidity/execution costs: Unless order entry is supported
technologically, entry may be off 3%-5% from desired points due to fast
moves
b. Lack of liquidity and major fund + daytrader participation on the narrow
universe that moves (or has large travel range) forces you to take a less
aggressive approach than one normally would, if not matched on execution
skills/tech.
c. Too many News related uncontrollable variables.
d. Capital intensiveness of stocks forces you to choose and sometimes pass
up on other opportunities that turn out to be better trades, though one has
no way of knowing that at the initiation point. This is offset by contract
size commitment on the futures side - but the r/r enables you to manouver
faster.
Gitanshu
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