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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: ynot who wrote (344)8/31/1999 11:28:00 AM
From: Patrick Slevin  Read Replies (2) of 7434
 
They are all different, from what I can gather.

It's whatever suits your style. You really have to watch them for awhile to see how they trade. I tried the DJ Futures for awhile, for example.

What a zoo.

The trouble there was that it was far too thin. The only way I could make money was to try to "guess" where it would turn and put a Limit order just before it. Another (very) thin market is lumber.

If you pick up a copy of TASC (Technical Analysis of Stocks and Commodities) magazine, each month they publish a liquidity chart of traded futures. You can get an idea of what to expect. If the Market is real thin you have to have staying power because your Stops have to be wide.

The real issue is to watch the thing for perhaps 6 months so you have an idea of what to expect. I'm very sure that, although I think I understand SnP's, I could never transport that understanding to the Bond Market (for example) without a lot of fine tuning on style.

I think on average the best results are found just trying to understand one or two markets...find one that holds your interest and you have a feel for and stick with that. I can't tell you how many times I've had the right idea about certain currencies, for example. But I never touch trading them because I just don't "know" the market well enough, I do not think.

One day I will try it. At the moment I just don't feel comfortable.
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