| Search by tag or site | Login to my blog ▪ Start my own blog |
 |
A Global PerspectiveThe New Global Standard for Wealth Creation |
eMini - Fad or Future?
Posted on 09/25/2006 16:39:11 | Link | Post Comment
Saturday May 13th, 2006 8:20PM ET
In my opinion, we definitely have more microwave than hula-hoop on our hands. I haven't seen a lot of blogs here dealing with the eMini, so perhaps I can shed a tad of light on the subject.
Why IS the eMini becoming so popular? We live in a fast paced, fast food, "I want what I want and I want it NOW" society. Yet in spite of this hi-tech driven fantasy world we've created, with instant gratification only a mouse click away , deep down, we all have a primordial hunger for simplicity. The simple things.
The eMini offers all the above, under one roof. Hedge Fund managers, professional traders, and Wall Street's brightest already know this. They also wish you didn't. That's really why I'm writing this. I love storming the temple and turning over a few tables whenever I can.
The eMini futures contract, be it S&P, Dow, or Russell, will become the great equalizer. The playing field is about to be leveled like never before. No longer will the small investor be handicapped as in the past. Those vast libraries of historical research, compiled at a cost of billions of dollars, and funded by you, you, you, and me, are on the verge of becoming meaningless. Pointless. The fodder of late night stand up comics working for beers and jeers.
Price is King. Always has been, always will be. We just couldn't see it because of all the smoke being blown up our collective chimneys. Research has become nothing more than a toss-up between a fond memory and a trip to the palm reader. Always has been, always will be. We just couldn't see it because of all the smoke being blown up our collective chimneys. Starting to get the picture?
How simple is the eMini? At the risk of over simplification, try this. Pull up a chart on the Russell eMini. The time frame is up to you. Just make it intra-day, use minutes or ticks, it really doesn't matter. Toss in a 50 period moving average. I know you have some sophisticated tools in your arsenal. Mac D's, RSI's, Keltner, Wilder, etc... Just humor me for a moment and let 'em rest.
As you can see, other than the CURRENT price, everything else is simply noise.
If the comments warrant it, I'll continue this thread. I'll get into the tax benefits, how the daytrading minimum balance of $25k doesn't apply and how there is no up-tick rule for a south bound campaign. It is also worth noting as I close - "Trading is risky and you can lose ALL your money".
And now, let me end this column with a great big "Shout-Out" to my friend Greg who gave me my very first glance of the Future. Thx Greg!
Trade Safe
From the Desk of CT
aka Dances with Fibs
In my opinion, we definitely have more microwave than hula-hoop on our hands. I haven't seen a lot of blogs here dealing with the eMini, so perhaps I can shed a tad of light on the subject.
Why IS the eMini becoming so popular? We live in a fast paced, fast food, "I want what I want and I want it NOW" society. Yet in spite of this hi-tech driven fantasy world we've created, with instant gratification only a mouse click away , deep down, we all have a primordial hunger for simplicity. The simple things.
The eMini offers all the above, under one roof. Hedge Fund managers, professional traders, and Wall Street's brightest already know this. They also wish you didn't. That's really why I'm writing this. I love storming the temple and turning over a few tables whenever I can.
The eMini futures contract, be it S&P, Dow, or Russell, will become the great equalizer. The playing field is about to be leveled like never before. No longer will the small investor be handicapped as in the past. Those vast libraries of historical research, compiled at a cost of billions of dollars, and funded by you, you, you, and me, are on the verge of becoming meaningless. Pointless. The fodder of late night stand up comics working for beers and jeers.
Price is King. Always has been, always will be. We just couldn't see it because of all the smoke being blown up our collective chimneys. Research has become nothing more than a toss-up between a fond memory and a trip to the palm reader. Always has been, always will be. We just couldn't see it because of all the smoke being blown up our collective chimneys. Starting to get the picture?
How simple is the eMini? At the risk of over simplification, try this. Pull up a chart on the Russell eMini. The time frame is up to you. Just make it intra-day, use minutes or ticks, it really doesn't matter. Toss in a 50 period moving average. I know you have some sophisticated tools in your arsenal. Mac D's, RSI's, Keltner, Wilder, etc... Just humor me for a moment and let 'em rest.
As you can see, other than the CURRENT price, everything else is simply noise.
If the comments warrant it, I'll continue this thread. I'll get into the tax benefits, how the daytrading minimum balance of $25k doesn't apply and how there is no up-tick rule for a south bound campaign. It is also worth noting as I close - "Trading is risky and you can lose ALL your money".
And now, let me end this column with a great big "Shout-Out" to my friend Greg who gave me my very first glance of the Future. Thx Greg!
Trade Safe
From the Desk of CT
aka Dances with Fibs
- The Ultimate Gold Hedge
- The Ride Of Your Life
- A Pre-valentine's Day Rally
- Gold Soars As Wall Street Falters
- Dreamtime On Wall Street
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- In The Money
- Newmark's Door
- Duct Tape Marketing
- e-techblog
- SiliconValleyWatcher
- Millionaire Now! by Larry Nusbaum
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
<< My Home | TheMoneyBlogs Home