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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (1037)6/21/1999 4:56:00 PM
From: Yitz  Read Replies (1) of 18137
 
Steve:

Futures vs. stocks is a topic that I've been wondering about for quite a while.

I think that most people are under the impression that futures are more volatile than stocks. It's the leverage that makes it seem so, but, in reality, stocks - especially small cap - are where the thrills are.

Is it correct that a good trader should be able to effectively trade any instrument? Even though technical traders don't necessarily know any specifics about the company they are trading, the consensus seems to be that you do have do develop some feel about how the specific issue trades. It therefore would stand to reason that spending time developing that feel for a limited amount of futures markets should be less difficult than following any number of equities.

Also, I don't quite understand your comment that for futures you either have to know a lot or have a mentor. Why is that different than stocks? Certainly, using Level 2 properly is not simple.

As most of us have learned by now, finding a true mentor is a difficult task, to say the least. The next best thing is following threads like this on SI - and I thank you all for the opportunity.

Yitz
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