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

To: Eric P who wrote (10528)	10/31/2000 8:04:30 AM
From: Jay Baca	Read Replies (1) \| Respond to of 18137

Daytrading nasdaq futures allows you to trade with a much smaller margin, which is definetly an advantage. In the futures market the margin is basically the cost of the ticket to play. Also the nasdaq can move up or down 50 pts overnight, and that is worth $1000. ($20./pt) Very risky if you only have $6000 - $8000. Daytrdading the nasdaq futures can be very profitable. It can easily make a 80pt. move in 30 - 45 minutes.. That is $1600. in 30 minutes!! Of course you can also lose that amount just as fast.. That why you must put in your stop as soon as you initiate the trade to limit your losses. Jay geocities.com

To: Eric P who wrote (10528)	10/31/2000 10:58:44 AM
From: Dustin	Read Replies (2) \| Respond to of 18137

Hi Eric, You didn't misinterpret my post. I know of the strategy you were talking about, and noticed that it worked for a while. That's why I stated "It's just that most of us don't know a high probability/low risk way to trade gaps." Do you think that your method was really finding and inefficiency in the market? Or could it be something else? I used to feel the same about my method, but now feel that I'm just a better trader (faster) than the rest of the crowd. That's not inefficiency anymore is it? (I'm seriously asking) Dustin