robster970
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S&P 500 & other indexes - intraday. Plus chat
- Thread starter robster970
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Pat494
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Closed for a profit
Pat494
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closed with a small profit
Pat, unless you are using large stakes (and I'm not fishing, I don't want to know) there can't be much in SP, so far. I am short UStech, which is traded by Fins, and have decided to use the day's high plus one for a stop and walk away. I have chores to do and the Missus will be after me if I don't get crackin'. That has a 3 point spread OOH, but I have used it before, profitably, and am just in profit at the moment. I find SP to be a bit too slow for my taste.
Pat494
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I have just been having a look at Velocity Futures.
It has a 95% ranking on ET but to my mind seems expensive
1. $5,000 deposit
2. $300 pa maintenance fee
3. $3.95 turnaround.
The US brokers have stitched up the markets in legal laws to exclude SBers from the US. A bit like the Casino owners stitched up the market for themselves by excluding on line betting ! That's money muscle talking.
It has a 95% ranking on ET but to my mind seems expensive
1. $5,000 deposit
2. $300 pa maintenance fee
3. $3.95 turnaround.
The US brokers have stitched up the markets in legal laws to exclude SBers from the US. A bit like the Casino owners stitched up the market for themselves by excluding on line betting ! That's money muscle talking.
Pat494
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I don't know the average range of the S&P but it must be about 20 points, which isn't too bad. Just needs a bit of patience imho. Hope you made your punt ok.
robster970
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Horses for courses Pat.
1. SB spread would make a profound difference to me. The commission + spread is still less than what I would pay for SB. SB would adversely affect my expectancy.
2. I suspect all of my trades would go to dealer referral thus losing me the immediacy I require to maintain my expectancy. To be fair I have never tried to trade that size on a SB account so don't really know.
3. I take comfort in the fact that I am trading at prices governed directly through the auction process on the exchange and not through prices determined by an intermediary.
Pat494
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As long as you are happy !
Pat494
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%^&*() closed for a loss. Didn't watch those trend lines again.
Pat494
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I'm back into a UStech short, too. Half the chores done, now for the other half.
Seems to be rising on the bounce still. I got caught too.
