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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (3033)	9/2/1998 8:43:00 AM
From: SE	Read Replies (2) \| Respond to of 44573

There are miles of difference that people would not understand unless they have been in both places...and since the prevalent thinking is that futures are a way to kill oneself, most people would never get to both places. Something I will not ever understand and maybe someone out there can further this discussion, but I disagree with the statement that if you trade futures you will end up going bankrupt or in financial ruin. I think that you can do the same trading stocks. Either way, it is money management that will dictate whether or not you make it. It is good trading rules that will dictate. Yes, the potential for a quick run in the futures can offer a rather negative exit, however, it can also offer a rather positive exit. With futures maybe the intensity level is up a few notches and you KNOW you have to do something or the potential is to get spanked. With stocks a 1/2 point here and a 1/2 a point there doesn't seem like much unless it is several days in a row. It is almost like the time scale is compressed with futures and you don't have the comfort people can fool themselves into with stocks. Heck, when I am in a trade, it is all I am watching and I am nervous the whole way through. It is the fight or flight response that kicks in and makes you aware of what is going on. With stocks the prevalent attitude seems to be "it will come back, 1/2 isn't much." Shit, look at ALYD. (Sorry Jeff, nothing personal) It is up a bit and down a bit. Unfortunatley the down bits outnumber the up bits, but everyone holding that stock should have been out ages ago....including me. However, there might be the one new press release that sends it to the moon...it might come today! :) Have not developed my thoughts completely on this yet, but it seems to me that this is the purest way to play the market and be a trader. Not sure I can define that so that it really makes sense to a reader, but it seems that way to me. -Scott