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I trade the SPY on an intermediate ---> longer term basis. The most important
thing you should know about it if you plan to trade shorter term is that the
price tends to follow the SP500 futures - not the SP500 cash. The second most
important thing is you have to be able to convert prices in 32nds and 64ths off
the top of your head <g>. Of course - you can't use the same leverage with the
SPY that you can use with the futures. If you're a beginner - that's probably
an advantage. Robyn
DavePyle00@xxxxxxx wrote:
> Can anyone offer some insight into the stock that trades like the S&P? Is it
> an alternative to trading futures or an index fund? I would like to learn
> more.
>
> Thanks
> Dave
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