S&P Index Futures (Daytrading SP) Message Board

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Strategies & Market Trends : S&P Index Futures (Daytrading SP)

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To: James F. Hopkins who wrote (99)	12/12/1997 8:09:00 PM
From: ratan lal	Read Replies (1) of 350

Jim I have thought about SPY but just did'nt see any good way fo trading it. 1. It is 1/10 of S&P500. So for you to make $1 S&P has to go up by 10. ANd if you trade 100 shares that willbe $100 profit. Pay about $40 in buy/sell comm. and you have $60 left. Not much for a days work. 2. With S&P all you have to do is get 1-point of that 10 point move and you have made $250 on a single contract or $2500 on 10-contracts. OF course margin requirements are about $10,000 per contract. But in SPY you have to pay 50% margin anyways. 3. You can also play E-minis on the internet only. They are 1/10 of old S&P500 or 1/5 of new S&P500 (I guess we should call these S&P250). Of course SPY's are safer and you can make money even if you dont trade them minute by minute. And in the long run you will mame money since S&P over years has always gone up so far. ratan

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