As far as wagering on the DJIA,........

[Fishhead]

Fish, did you hear me tell you..... any commodity broker will take your action..

you can legally bet each morning by simply buying or selling a futures on the dow or sp.......... if you think its going to be an up day, you can buy it and make $10 for every pt ---- that it moves higher or loe $10 for every pt it moves lower..........

if you think its going lower,,,,, simply sell yourself a dow or sp future....... it will then work the same way.......

if your daytrading, you must get out before the close (3:15 pm cst)....

to get out, you will simply do the opposite of how you entered......

Thanks, already was aware of this.

 

[Fishhead]

not at all sure what you mean about 10% juice..

lets say you buy walmart at $47 per share......... you have to tie up $47,000 to buy 1000 shares...... if it goes to $48 you make a grand.... if it goes to $46, youve lost a grand. if only on paper...

i can take a posistion in the dow futures at say 12,500....... if the dow moves to 12,600 (i have made $1000), if it goes to 12,400 --- then i have lost $1000...........

i can do this trade for $25 rt........... your Roundturn will cost $14..... because its $7 in and another $7 out.............

ill take my shot with buying the dow...... i could do this trade, if its a daytrade by only having to tie up $1025........ and thats just for one day, while your going to tie up $47,000..........

no thanks,,,,,,,,, if we are talking about trading......... if your talking of "buying and holding", thats a different story......

Who is your broker?

 

[SSI]

Nick at Redlands Futures and Options ----- in Redlands CA..........

they clear thru RJ Obrien and Associates........

1-888-550-6339

but if you call to just chit-chat,,,,,,,, make sure to wait until markets close......