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

To: Jay Baca who wrote (160)	12/31/1997 1:01:00 PM
From: Tony Wang	Read Replies (1) \| Respond to of 350

To Jay: I have traded S&P's since 1990. It is a great trading vehicle. It is expensive margin- 20,000 per contract before it split. You can make and lose a lot of money. I would trade between a 5 to 10 lot for my company's account to a max of 25 contracts. For my own personal account I would trade 2 or 3 at the most. Think of a bonfire and throw some gasoline on it. The resultant whoosh is what big moves in S&P's is like. If you are on the right side, you make a lot of money quick. If you are on the wrong side, pray you have a reasonable stop. Mandayka