Systems, Strategies and Resources for Trading Futures Message Board

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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (37116)	10/17/1999 12:54:00 AM
From: Gersh Avery	Read Replies (1) of 44573

There's been a lot I've been learning during this contest. While I've been trading off and on for several years, I've never tried my hand at futures. All of the swings in the market I've been watching and working have been with options. Trading options seems to be much more difficult than futures. Perhaps that's because of my bearish tendencies and the coincidental timing of the open of the contest. I'm used to working with much more leverage than here. As a result, when the trade goes against me I have the good fortune to be able to wait for it to come back to me. If I'm doing well, then I'll be able to perceive the time when I should leave myself long overnight instead of short. As for the contest .. is there any other way to compete? My failure to move over into real money has to do with my urge to increase leverage. The leverage settings set up as rules by the contest are much higher than I have in real life. Because of that I've suffered losses by getting stopped out before the market turns in my direction. As I said .. valuable lessons I'm learning here. It seems to me that to do the transition to real money for me will be to use a similar leverage model or even more buffering than here in the contest .. Anyway .. some thoughts .. Another thought .. Soon I'll be shifting over to a time delayed trade. There are a couple of folks that are interested in receiving my trades before I post them on line. So what I'll be doing is a five minuet delayed post. This might alter the results that I get in the contest and will probably slow down the number of trades that I do. ...

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