Futures or Stocks?! The truth

Tcbjx9 · Mar 10, 2007

thx Spectra

Bitstream · Mar 10, 2007

Quote from volente_00:

If there were truly market makers in index futures you would not get the violent moves intraday. There is no floor in ES or YM. Are you trying to say that the locals in the spoo pit influence the direction of ES ?

yeah that would be news to me. aside the fact its an electronic contract, bids and asks outside the mkt are that of mkt participants/traders only.

Cdntrader · Mar 10, 2007

Quote from Don Bright:

Stocks and Commodities, monthly column for about a decade or so. Need substantiation for live trades - I tried this once before, and everyone backed out...I invited a 24 "guru's" to participate in a panel discussion and an article about their sites, etc. 14 responded in the positive. I then asked that they back up the fact that they're making some minimal amount ($100K or so) a year for the last couple of years, that brought the "guru" list down to me and my brother, LOL. And, I'm talking the "big names" here.

Don

that's hilarious

tyrant · Mar 10, 2007

Quote from volente_00:

If there were truly market makers in index futures you would not get the violent moves intraday. There is no floor in ES or YM. Are you trying to say that the locals in the spoo pit influence the direction of ES ?

You mean in markets with market makers, there is less volatility? Are locals in pit considered to be market makers too? If yes, do they sometimes run stops and create more volatility?

no_pm_please · Mar 10, 2007

Quote from Spectra:

Yes Alex gives market flow commentary throughout most of the day. I think there are some demos on our video page at www.puretick.com/video.html

I'll be posting a webinar link to a mini-seminiar we've done on some of our methods soon.

Cajun

Is this real trading? I noticed the CFTC hypo. statement on your website. If yes, do you have a link to the statements to verify the called trades?

ssss · Mar 10, 2007

Gentlemen

All future broker's are FCM (trade from proprietary account
against client's interess)
If broker going down ( Refco as example ) funds are not secured
Margin is source of conflict
Technology of CFTC platforms generaly worster as technology
of SEC products platforms
SEC is more responsible as CFTC and NFA
Selection of products by SEC broker incomparable more as by future broker .
With exception of Stock index ,all future's is zero summe game
Commission is broadly depend from volume ,operator must
make he's broker satisfied first .
Broadly accepted fees for platform's,which is incomparable
more as by SEC broker /X-trader,CTS more as 500$ per month/

Your respectfully

Spectra · Mar 11, 2007

no_pm,

Now that we have partnerships with brokers we have to post this statement. I raised hell when they asked us to because I didn't think it was fair to our gleaming record. They explained to me that you can get sued for anything in this business.

So as long as we live in the US, all the government required disclaimers will remain.

Yes feel free to check out the record log page from the last few months. Every trade on this page was entered.

http://www.puretick.com/trkrecord.html

I noticed the CFTC hypo. statement on your website.

SteveD · Mar 11, 2007

Always keep this in mind:

When you buy 500 shares of DELL, you OWN those shares in the company....you are allowed to vote, participate in dividends, splits etc etc...

Everything else in the market was created by Wall Street Firms to generate commissions, provide hedging opportunities, and basically provide a method for people to have some "action"

But none of it is true ownership of a stock.....

That is a huge aspect that has been over looked for many years...

I am not critiquing anyone and how they trade....just know the difference.....

IMHO

SteveD

Spectra · Mar 14, 2007

Good point Steve

damon_achey · Mar 14, 2007

So if I owned 1000 shares of MSFT (~27k worth), great I OWN it. But what does my 0.000000102...% stake get me? I don't have much swing when it comes to voting for directors or such, so I might as well be trading a derivative right?

With derivatives I don't own it, but I CONTROL shares. I don't get a dividend, but they're priced in (assuming it's semi predictable). I don't get to vote, but see above for how much my vote counts. And I do participate in splits through adjustments to the the option contracts that are required when those happen.

I'm not arguing against owning, or for owning. I see it more as a 50-50 choice and leverage being the real question. Can you take advantage of/handle the leverage or not with your strategies.