Welcome. I'm thinking about Daytrading S&P Index Futures. I'm
not into commodities, strictly stocks and options, but tracking
all the companies takes a lot of time. I figured if I concentrate
on one thing (spx) I'll do better and save more time.
This is new to me. I need advice, and am willing to share what
I learn as I go along. Are their any experienced SP daytraders
who can help?
They cut the SP in half. One point move is now worth $250.
The margin is around $12,000. But if you daytrade, some brokers
will let you trade with a $5,000. margin. Round turn commission
is around $25. Less if you trade a lot.
I recieved information from Lind-Waldock, Jack Carl and other Brokers.
They also have the new E-mini which is now 1/5 of the SP. You can
trade around the clock (23 hours) which comes in handy when Intel
or Microsoft announce earnings after the close.
Please feel to make comments. You can ask questions, but I have
no actual experience trading and am just starting.
J |
