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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: TraderAlan who wrote (8570)1/3/2001 1:56:20 PM
From: aldrums  Respond to of 12617
 
Alan,

I agree. What is amazing to me is the almost complete lack of new traders. The bull market attracted me to trading, but what also peaked my interest was direct access to the markets, and the technology that allows us to trade. It seems that the majority doesn’t take trading seriously as a career, just as a means to get rich. Now that the perceived means to get rich is gone (being long in the markets) is gone nobody will even consider trading.

Alex

Edit: Just read TFF's latest post, that is interesting.



To: TraderAlan who wrote (8570)1/3/2001 2:41:31 PM
From: TFF  Read Replies (2) | Respond to of 12617
 
The Guide To Single Stock Futures:

appliederivatives.com

US stocks include CSCO INTC MSFT C T Merck Exxon.

Margins will be in the 7-10% range.

Will trade 8am to 430 pm London time.

tick = 1 cent = $1

Not available to trader in US or Canada. US markets plan to launch competing products later this year.

Should be fascinating to see how it will effect overnight globex trading.



To: TraderAlan who wrote (8570)1/8/2001 6:31:45 PM
From: TraderAlan  Respond to of 12617
 
Interesting statistic from the Ameritrade warning. Their 1st quarter ended 12/31. It suggests the margin squeeze may be over as discount customers reliquify.

"First-quarter average margin balances would be at the low end of $2.3 billion and $2.5 billion, AmeriTrade said. This is below the fourth-quarter levels of just under $3 billion, indicating that clients are paying off their margin loans, and reducing one of AmeriTrade's sources of income, Worthington said."

Alan