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two
thoughts first my understanding is that the over night margin for the emini is
high enough where I do not think that is a viable choice w/ you capital. My
thinking is that if you have a system that is working for you on a swing basis
you are likely entereing these trades off a 30 or 60 min or daily. Just do the
same thing interday on the 5 or 10 min. charts and catch the whole swing trade
interday. this way you do not change your system, margin req is way less, no
daytrading issue like w/ stocks and after you build your account then go back to
swing trading equities on a little longer time frame. THEY ARE NOT RUNNING YOU
OUT OF BUSSINESS, JUST FORCING YOU TO ADAPT.
<FONT face=Tahoma
size=2>-----Original Message-----From: kevin miles
[mailto:erowis@xxxxxxxx]Sent: Thursday, November 08, 2001 6:42
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Day
Trade the emini?
Sean,
given your standard risk per trade on your swing trading
system, how many points will you have to risk per trade to trade the
mini? how much percentage is each risk per trade of your
account?
are you willing to adopt a new trading style to day
trade the minis?
i find support/resistacne (and the pivots) to be quite
key in the indexes. i apply these to the snp mini.
depending on your risk per trade, you could very likely
have enough to trade the minis...
kevin
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Sean
Cassidy
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, November 08, 2001 8:28
PM
Subject: [RT] Day Trade the
emini?
But would you daytrade the S&P emini? I
simply dont have enough cash to use a sufficient swing trading stop. I have
also found the quality of the fills to be better than stocks but the brokers
we have used anyway have not always been very good in terms of losing fills
etc. I have had raesonable succes paper daytrading the emini
S&P off of the pivot and support lines.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:nwinski@xxxxxxxxxxxxxxx";
title=nwinski@xxxxxxxxxxxxxxx>Norman Winski
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, November 08, 2001
2:07 PM
Subject: Re: [RT] The SEC just
regulated me out of a job........
Earl, I must respectfully disagree
with some of your statments below. If onetakes small positions
in futures, there is no reason one can not achieve adiferisified
porfolio with $25,000. I also think that most ag futures
areeasier to trade than stocks, as the historical ranges tend to
be much morepredictable. Additionally, I find the fills in
futures to be faster andbetter than stocks. On the other hand, I
wouldn't recommend day trading mostcommodities, but then again I
wouldn't recommend day trading most stocks, asI think it is a fool's
paradise and a broker's
dream.Respectfully,Norman-----
Original Message -----From: "Earl Adamy"
<eadamy@xxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Thursday, November 08, 2001
8:26 AMSubject: Re: [RT] The SEC just regulated me out of a
job........> If there is one thing I harp on for new
traders, it is adequate> capitalization and maintaining a
conservative risk per trade profile which> will insure that a few
bad trades do not bust the account. While anaccount> size of
less than $25,000 may be adequate for some modest trading
instocks,> it is not adequate for trading futures unless one
has a pool ofsubstantial> liquid assets which can be
immediately re-deployed to the futures account.> Secondly, the
prudent trader will risk no more than 2-3% of account sizeper>
trade ... and one must keep in mind that sudden moves combined with
high> leverage in futures can blow a trade right through the stops
and blow out> the account. Just recently bond traders were
treated to a near> instantaneous $2,500 per contract move which
blew through stops.>> Finally, I would mention that trading
stocks is a simpler task thantrading> futures. While the emini
are most similar to stocks, agricultural and> industrial futures
contracts are an entirely different animal and are notas> well
regulated as stocks ... in many cases the pit trading is stacked>
heavily against small traders.>> Earl>> -----
Original Message -----> From: "Norman Winski"
<nwinski@xxxxxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Wednesday, November 07,
2001 5:55 PM> Subject: Re: [RT] The SEC just regulated me out of a
job........>>> Sean,>> I think
you are right, you should go with trading the E-Minis.
Ofcourse,> if you don't like working so hard, I would just buy
futures on some ofthose> rediculously depressed commodities
that on any any thought of economic> recovery will sprint at least
20-40%.> I have been extolling the virtures of Coffee, Cotton,
Copper, Soybeans,> Silver, & Sugar on this and other lists for
several weeks. For example,> since the low about two weeks
ago, Dec. Cotton has rallied from 2820 to3223> = over $2,000.
Most of these markets have margin requitements that are> between
$1,000 - $1,500. Of course, I don't recommend using all
equityfor> margin, in fact I try to maintain a 5 to 1 ratio of
equity to margin. WhenI> get very agressive, I may let this
ratio drop to 3 to 1. Anyway, thereare> still some great
deals out there and all you have to do is put on the> positions and
wait. Some of these markets are at 30-40 year price
lows.If> you buy them now, and they only get back to their old
support levels, you> will make lots of money without much work or
spending a fortune for> brokerage
commissions.>> Of course past results is no
guarantee of future performance. . Thistype> of investment may
not be appropriate for your retirement account, yourkid's>
college fund, or Aunt Tillie in Toledo's bingo fund. You can
lose> everything you have ever had or will ever hope to have
trading futures or> stocks, especially if you follow my advice and
everyone stops eating,> drinking coffee, using electronics, or
stops using clothing or blankets.>> Best
Wishes,>> Norman>> ----- Original
Message -----> From: Sean Cassidy>
To: realtraders@xxxxxxxxxxxxxxx> Sent: Wednesday,
November 07, 2001 2:10 PM> Subject: [RT] The SEC just
regulated me out of a job........>>> I
was just informed by my broker that I am fortunate enough to meet
the> SECs rewuirements as a "Day Trader". I have been essentially
swing tradinga> small account because, well, I dont have enough
cash to open a bigaccount.> I tend to get out of my losers very
quickly and hold on to my winners for2> or more days. I thought
thats what trading was, cut your losses, let your> winners run. For
example I had 2 longs and 1 short going into yesterdays> rate cut.
My short (INTU) was stopped out for a $1.30 loser but one of my>
longs (WEBX) made me $3.50 and another (EBAY) is currently up about
$2.This> of course makes me a day trader although i held WEBX
for 3 days and havehad> EBAY for 2 and counting. The reason is
that about 5 times a week a trade> goes bad and I have to get out
in the same day. My plan is working very> well, I am up about 5
points this week already and make at least a little> money almost
every week. But because I do not have $25000 the SEC hasforced>
my broker to shut down my account for a week. I am currently averaging
a> return of about 10 -13%....per month. I think I know the answer
to thisbut> outside of finding a loan shark.........is there
anything I can do about> this?>> By the
way......I am allowed to trade futures and/or options. I think
Iam> about 2 for 20 on options trades over the years and accept
the fact that,at> this point, I just dont have enough knowledge
to make money with them. OrI> could trade the E MIni S&P,
with its margin of 10:1...that is obviouslymuch> less risky
than doing 50 to 100 share lots of a stock with a proven method>
(sarcasm).>> Any help would be appreciated...or
maybe I just needed to vent a> little....looks like I am shut down
after making 10% most months. I am now> going to look for my man
Huggy Bear to see if I can get one of those 88%> (per month) easy
payment loans.>> To unsubscribe from this group,
send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>
Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.>>>>>> To unsubscribe
from this group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>
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