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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1223)	6/21/1999 9:45:00 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

I agree entirely with what Steve said. I know many, many former pit traders who take very well to the manner of daytrading stocks that has become popular, and who enjoy the relative freedom from paperwork, number crunching, and physical exhaustion pursuant to futures trading in the pits. I personally add another dimension - one that could be taken philosophically or mechanically - to the differences between equities and futures: The stock market is not a perfectly zero sum game; it's theoretically possible (but never happens) that everyone could "win" on a particular day, in a particular issue. On the other hand, by virtue of there being a put contract for each and every call contract, and writers for buyers, if someone out there is making money in some futures market contract, someone elsewhere is losing money on the other side of that contract (obviously, they could be hedged, but you get the point). That's another way I distinguish the two. Not that Steve's needed any help :) LPS5