posted
I've been bouncing back and forth between my stock/option account and futures account. I've made 360% more in futures over the same duration in stocks. I trade raw commodities "oil, gas, wheat, sugar" but have lately been trading S&P 500 futures, merely betting which direction the market will go. The leverage is amazing, but definitely not for the faint hearted. Anyone else trade futures?
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
posted
Exactly like that. For instance, every one contract you buy "S&P 500", every .25 basis point move is a $12.50 move. If you move a full point its $50. The leverage is amazing. Each contract is whatever the S&P is trading at. if it S&P 1000 it would be $1000. I typically will trade up to 20 contracts at a time. I’ll only go that extreme if there are major numbers coming out "PMI, JOBs, or geo-political fears etc... Great trading.
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
posted
When i opened one of those practice trading accounts for currencies, i played with them for quite awhile.
For months i tried different ways of trading and i always seemed to end up in the minus, so then i started trading just the opposite way i thought they should go.
That didn't work either so i decided it wouldn't be in my best interest to open a real account.
The money can sure disappear fast with all that leverage.
Guess i couldn't do any worse practice trading futures.
Posts: 3875 | From: ca. | Registered: Jul 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
