volente, don't know if you are being serious or sarcastic to porgie when you say you will post your system tonight with every rule. I am looking forward to it as I have been trying to follow your great trades these past weeks on this thread. I honestly don't know how you seem to consistently crank out 200pts or so per day. I would be happy just to get a 10 YM pts consistently per day. Thanks, esu2
Hi, I agree with esu2... very happy for 10-20 points a day. I have been following this thread with great interest. I have been papaer trading for a short while now knowing it is another story with real money.. have bene there in other instrument and different strategy. I hope to contribute to this thread by posting some trades and hopefully get some comments on thoughts, or lack of them, relating to my trades. I use a british spreadbetting firm meaning I don't have any fees or comissions on my trades. the only cost is the spread which is 4 points on the Dow.. not easy to scalp that perhaps but i'm in there anyway..
Whoa. Maybe it's just me but it sounds like you are royally getting ripped off with the 4 points into the spread deal. That's $20.
Well, I can decide my own contract/bet size, £1 and up. It comes to a point when the spread is too expensive but the winnings are all tax free. Not for US sitizens unfortunately but I think there are off shore spreadbetting firm you can lurk out.. I might swop over to a futures trading account when that day comes. luxury problem at the moment. I hunt consistent points, not counting money yet..
Dieselman, what is a descent spread then? let me know the charges and fees for roundtrips I should be happy with. /Olle
It sounds like maybe any broker would be a better deal for you that charges 2.50 or less per side. Honestly, I wouldn't really be worrying about tax advantages or unlimited size if you have yet to be consistent. If that's the case I would starting small anyway with only a few minis.