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

To: Chip McVickar who wrote (15155)	2/10/1999 9:38:00 AM
From: doug-e-mini	Read Replies (1) \| Respond to of 44573

Chip, You seem to have a good handle on the SPX and the way it moves so I would say that you should go with the e-mini. The round-turn comm. is cheaper and you can get your fills instantly if you choose the on-line route. The thing I have found with options is that you can be right on market direction and still loose money because premium is sucked out of the option.

To: Chip McVickar who wrote (15155)	2/10/1999 9:48:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Chip, I'd trade the futures before the options I think that it is very difficult to be successful at index option trading unless one is either very nimble or one gets a big move. I am referring to the long side of options -- I trade the short side, selling naked OEX calls and puts and that works well but it requires a lot of margin. Re the mini vs the large contract -- it's a question of available risk capital and one's ability to handle risk. What is very important is to be sure that you don't trade more contracts than your comfort level permits. This is very very important -- it'll prevent you from making emotional and erratic trading decisions. Finally, as I said to you in a prior post a while back, there is a difference between paper trading and having money on the line. It is an emotional thing and don't be surprised if when you start real time trading your performance numbers are not as good as when you were paper trading.