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: ratan lal who wrote (120)	12/17/1997 1:04:00 PM
From: VALUESPEC	Read Replies (1) of 350

Ratan, are you trading stocks actively? It seems easier to make money in stocks than futures. MDCO is up nicely again today. I just sold out @ $ 21.56 since I have a nice profit and MDCO jumped quite a bit in the last two days. I bought a lot of SLAM today @ $ 13.31 and it is already up to $ 14.00. I'm now up 90% for the year. Oct 26 and 27 really hurt me. Before then I was up 150%. My low after the crash of Oct 26-27 was 50%. I wasn't sure if I could build my account up again, but so far I have. I've even been using less of my capitial to do it. I would be apt to say to buy the s&p on dips and sell for quick gains. I don't see the market crashing today, but who knows. The asian markets may have bottomed so this is great psychologically. I didn't expect Japan to actually come up with a decent plan, but they have- short term. I don't really see any reason to sell-off hard today. The market should get more volitile as the day go on so you might want to be careful, whatever you do. Here is something else I'm thinking of. I may start trading the Japanese index, too. If US has a bad day, short Japan (on certain days when I think it is appropriate), etc. Why don't you let me know if you can trade Nikkei index. I asked my broker before. He said I could, though I haven't done it yet. VS

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