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Strategies & Market Trends : trading the QQQ -- Ignore unavailable to you. Want to Upgrade?

To: Mario who wrote (479)	3/25/2002 8:07:28 AM
From: bernard rogers	Respond to of 714

Yes, the reduced commissions and spreads have caused me to trade more often and less smart. Thereby causing me to actually lose more money ,probably, then in a higher commission environment Like you say, you just have to get by that through some system or the other. I tend to be a scalper, so these smaller transaction costs, will ultimately be what makes my trading work. They are just a bit of a beginning problem. The NQ also hides its size by being just 1 contract rather than 800 QQQs I make a bad trade, find myself down $70 start seeing it go my way again, it is cheap to get back in, i do so, it whipsaws against me once again, and i am now down $140 So, now i must come back, and so on. I can buy and then sell 10 nq contracts worth more than $300,000, easier than sticking a piece of chewing gum in my mouth and taking that first bite. Kinda scary actually