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Humm sounds like somebody that doesn't trade the S&P to me. The slippage is
ridiculous in the S&P market. Say what you want and think what you might
concerning this issue. The strongest statement I can make is I don't trade
the S&P anymore because of the slippage. I also advise that if you don't
trade large enough to have direct phone access. Have a good pit broker
helping you then your going to get spanked period. Argue all you want but
trade it. I want to see this 1/16 comparison when you eat enough 2 and 4
points slippage on a regular bases. Not even a comparison between the
Nasdaq and the S&P as far as getting fills, get real. I'm not
complaining just stating facts from my experience, I've made my
adjustments. If you ever had the opportunity to use a direct line with a
good broker you too would understand. As far as trading the E-mini verses
the S&P doesn't compare at 10 to 1 and minimum tick differences. I don't
know that for sure I don't trade the E Mini. So when I see somebody get
rimmed in the S&P I don't say. Hey idiot what the John take it like a man
and shut the hell up loser your probably a broker anyway. I give him the
best advise I can because I'm qualified. I've had experience trading this
contract.
Robert
At 08:51 PM 5/28/00 -0400, TradeWynne@xxxxxxx wrote:
>In a message dated 5/28/00 3:58:48 PM Pacific Daylight Time,
>tagteam@xxxxxxxxxxxxx writes:
>
> > Why? Along the same
> > line, traders are paying under $10 (some as low as $4.95) to
> > trade the E-Mini while the lowest ticket charge I've seen
> > for NASDAQ trades is $14.95. Again, why does there seem to
> > be a disproportionate number of complaints? Further, after
> > having seen some fills in certain NASDAQ stocks (e.g. QCOM),
> > I'm left wondering why there are so few complaints about
> > NASDAQ fills.
>
>Jim:
>
>Good points. Some of the consistent and repetitive complainers (about
>futures) on this list are stock brokers, or sellers of stock related
>products....so consider the source. Also, I think the leverage in futures
>exaggerates the emotional and financial component: 1 point slippage in the
>S&P is in the area of 1/16 in a $100 stock ...the 1/16 may be easier to
>swallow for some.
>
>Also, as a futures broker who has seen hundreds of people trade, people like
>markets when they are winning, and they hate them when they lose. Take a poll
>about Nasdaq complaints a few years into a bear market, we might be hearing a
>different tune. As far as daytrading the S&P, slippage or not, it's a tough
>business. There are lots of traders out there with a sour taste in their
>mouths.
>
>Bill Wynne
>TradeWynne@xxxxxxxxxxxxxxx
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