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

To: Matthew L. Jones who wrote (37692)	10/20/1999 9:01:00 AM
From: GROUND ZERO™	Respond to of 44573

Matt, My best suggestion is to call a reliable commodities firm and ask them to send you all that information... they could probably give you everything you need and want to know.... basically, the SP cash index represents a 250K portfolio of stocks..... so, a one point move from 1280 to 1281 is a dollar value of $250.00 for the full contract, the mini's represent 50K and the dollar value for each point move is accordingly..... The best of good trading...... GZ

To: Matthew L. Jones who wrote (37692)	10/20/1999 9:04:00 AM
From: Gary E	Read Replies (1) \| Respond to of 44573

Hi Matt, First off ,,there is no such thing as a stupid question, and welcome to the thread. I give it a try and tell you just about all I know about futures, that should take aprox two mins. If you want to trade the small contract ES99Z ,, this is valued at $50.00 per point and trades in quarters so when you look at the chart you buy one contract at 1280.50 and you sell it at 1280.25 ,,now if you sell it a point higher you make 50 buks. Trading is done in several ways but most of us use a broker with a point and click order entry system. Slippage is what happens when everbody wants the same price and we all get in line for that price and then of course they raise it and you get what you get. The broker that I use zapfutures.com has a pretty good explanation of how other things work as well. Now that I have confused and propably screwed things up a bit, there are others here with more correct answers than I. Again ,,welcome aboard Hal