Directional
Experienced member
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lol - holy man, I know exactly what you're talking about and also a happy user of the same system.
stockjunkie, you dont seem to be speaking from a very informed perspective. Here at Refco, there are traders doing all kinds of different trading, but the majority of traders are spreaders, either calendar spreads or inter-market.
By being long and short at the same time, the exposure to risk is greatly reduced and the ability to scratch 99% of trades that dont work out means losses are kept to the cost of putting a trade on, hence the advantage of super low commissions compared to retail costs - and even at just a 40 lot clip size single ticks are worth collecting from the market.
stockjunkie, you dont seem to be speaking from a very informed perspective. Here at Refco, there are traders doing all kinds of different trading, but the majority of traders are spreaders, either calendar spreads or inter-market.
By being long and short at the same time, the exposure to risk is greatly reduced and the ability to scratch 99% of trades that dont work out means losses are kept to the cost of putting a trade on, hence the advantage of super low commissions compared to retail costs - and even at just a 40 lot clip size single ticks are worth collecting from the market.