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Strategies & Market Trends : Help me become a millionaire

QQQ 629.07

+0.5%

Oct 31 4:00 PM EDT

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To: victor pan who wrote (561)	3/12/2002 6:44:09 AM
From: lee0	Read Replies (1) of 583

>>My total risk on INTC now is $600<< does this mean you have lost $600? that would be what 4.3% of 14k. if you let yourself lose more than 5% on trades that is an invitation for ruin. but hey what can you do? is this with options? did i ever tell you that i hate to trade options. ok now my sales pitch. check out single stock futures? they have only been around since the beginning of feb 02. things like intrinsic value, strike price, volatility and time erosion have nothing to do with how these bad boys are priced. they are a simple derivative of the actual stock. contract size is 100 shares. if you are long the contract and let it expire you get the physical shares if you sell the contract and let it expire you owe someone the shares. min tick is 1 cent = $1 or $1 move =$100. delivery months mar, jun, sept and dec. oh yea and leverage, lots and lots of leverage to control more product. their price movement runs damn near the same during the day as the stock traded on the NYSE or NASDAQ. (why is there no "u" after "q" in NASDAQ hmmm) now with the leverage you can have your head handed to you in a hurry if you are stupid and can not manage risk. your 14k could control a lot of product. a hell of a lot more than you could w/ full margin with a stock broker. if you have a good system that wins more than it loses it may be worth looking into. yea INTC broke out of it's down trend but is pulling back. it will probably pull back a lot more. as long as 28.5 is not broken you are cool. it looks like it could pull back to 30-31 or go into congestion. but i am awful at price projections so don't listen to me when i call #'s ;^) except the 28.5 thing.... if you have done your homework i would be confident and just place your stops. don't be afraid to jump back on if you are stopped out. maybe your timing was just wrong. regards lee

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