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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Andreas who wrote (29179)7/31/1999 7:11:00 PM
From: John Pitera  Respond to of 44573
 
Hi Andreas, 17$ a contract sounds like a reasonable price per contract. I am not sure why they would have charged you a $700 dollar commission last week, ask your broker.

Read all you can about the markets and trading and follow the market over a period of time. Several people have suggested that it is a good idea to paper trade a market for 1-2 months before trading with real money. Consider that.

You should use stop loss orders. There are several on this thread that you can bounce ideas off of. I spend more time on equities and other markets and by no means am a full-time S&P trader. SO I would imagine that others are more qualified to discuss trading the S&P for a living

Hope this helps,

John



To: Andreas who wrote (29179)8/1/1999 4:42:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 44573
 
Welcome the the wild and wacky world of futures...
I trade the SP's... my best advice is to know how
much you're going to risk even before you enter the
trade, and know when to fold,...

"know when to hold them, know when to fold them, know when to walk away, know when to run... don't count your money while it's sittin' on the table, never count your money until the dealin's done."

GZ



To: Andreas who wrote (29179)8/2/1999 12:37:00 PM
From: F Robert Simms  Respond to of 44573
 
I still am working on my trading skills, and won't presume to give you advice. But, a couple of successful traders have given me some advice that seems very appropriate so I will pass it on. They look at multiple time frames and always trade with the trend on all time frames. If they are wrong, the trend will often save their trade anyway. They are often wrong, but that didn't stop them from becoming very rich.

Best Wishes,

Bob