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Strategies & Market Trends : S&P Index Futures (Daytrading SP) -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (100)	12/12/1997 8:28:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 350

HI Ratan; well your leveraged way out..a turn aginst you could cost a big bundle..and you have to tie up at lot of money to.. RE >OF course margin requirements are about $10,000 per contract. But in SPY you have to pay 50% margin anyways. Well I don't trade her on margins..it's a flat out buy..today I had 9,525 + 12 comish tied up..and will have another 12 to get out, thats for 100..if I had the bucks to tie up I could trade up to 5000 shares in and out for $24, like I said I'm a small fish..but look at the risk your taking to what I'm taking, heck if I gould tie up a 100 grand I would'nt slow down, and would then be able to make a few bucks..I'm doing it now mostly as sport and getting good at it. One thing on SPY..I'v never lost one red cent "yet" Thats more than I can say for some of my stock picks. :-) Jim