"...however if you can make money spreadbetting then be prepared to make much more trading futures, to me thats worth paying taxes for."
Agree with that.
IMHO you should move on from trading the Dow, it is a price weighted index of 30 stocks. So smaller companies can move the Dow to a much larger extent than a big company just because their stock price is larger, regarless of how many shares they have issued. So single stock news stories unequitably affect the Dow. Whereas the S&P is a market cap weighted index of 500 stocks, a much better product to trade. The reason why the Dow gets all the attention is because thats what the media has followed since Rupert Murdoch was in nappies, however after a while trading you'll realise that hardly any professional day traders trade the dow."
Disagree with that.
Indeed a chap at IB took the trouble to tell me that 'no one trades the cash market'
People can keep telling me that for as, long as they like.
There are people on here who trade the dow to good effect
My view being, why trade a lead market when it is easier to trade a follower market. (and cheaper.)
So for people like Risky Biscuit if it is working for you, why change.
Play it for all you can.
Horses for courses as ever.
I hate the sb's but that doesn't mean to say I don't use them.
Options.
Agree with that.
IMHO you should move on from trading the Dow, it is a price weighted index of 30 stocks. So smaller companies can move the Dow to a much larger extent than a big company just because their stock price is larger, regarless of how many shares they have issued. So single stock news stories unequitably affect the Dow. Whereas the S&P is a market cap weighted index of 500 stocks, a much better product to trade. The reason why the Dow gets all the attention is because thats what the media has followed since Rupert Murdoch was in nappies, however after a while trading you'll realise that hardly any professional day traders trade the dow."
Disagree with that.
Indeed a chap at IB took the trouble to tell me that 'no one trades the cash market'
People can keep telling me that for as, long as they like.
There are people on here who trade the dow to good effect
My view being, why trade a lead market when it is easier to trade a follower market. (and cheaper.)
So for people like Risky Biscuit if it is working for you, why change.
Play it for all you can.
Horses for courses as ever.
I hate the sb's but that doesn't mean to say I don't use them.
Options.
