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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (3936)	3/8/2000 1:41:00 PM
From: Patrick Slevin	Respond to of 7434

Yeah, you know I've been looking at the ND along with some others. But that ND is scarier than even the SP. Like I was saying, the other day I had a position that was 9 points down, 7 points up, then Flat all in much less than a minute. That kind of action requires a lot more study and a heck of a lot more risk. I know the liquidity is slightly lighter than the SP, coupled with the lower ## per point I guessed that accounted for much of it. But now that I'm reading that there are Currency traders in there as well I have to wonder how many of them are getting skinned, because it's a market that would seem to be unfamiliar to them. For example, if I spent years trading Bonds I don't think I would jump into trading Lumber or AG. I just would not know how. I don't think one can successfully migrate as a rule without months of studying the nuances of the new market. Anyway, I suspect the ND's Volatility finds additional fuel in the influx of new blood. New blood that, although well-skilled in trading other markets, is someone of a novitiate in such a market. I'm testing it now and again, and once in awhile by accident as you know, but I think I need some of JXM's drugs before I settle and commit to the mania.