Almost a Record Breaking Week

[Bohica 10]

Read an article stating that we had not had 9 losing days in a row since 1971. We would have tied the record if not for last weeks miracle day of some small gains before it continued downward.

 

Also, wondering if anyone can tell me if there are any places that allow a minimum of $500 deposit to daytrade emini futures? I am also in the US.

Edited August 9, 2011 by MadMarketScientist
url removed

[Davidee 10]

Read an article stating that we had not had 9 losing days in a row since 1971. We would have tied the record if not for last weeks miracle day of some small gains before it continued downward.

 

Also, wondering if anyone can tell me if there are any places that allow a minimum of $500 deposit to daytrade emini futures? I am also in the US.

 

A record breaking week indeed, but nevertheless it will provide long-term traders with some excellent buying opportunties. For example, there are mechanical trading systems that simply take a long position on a stock index when it falls 10% in a month or more and then hold the position for 24 weeks. The results on indices like the Dow Jones or the UK's FTSE 100 are that oveer 60% of these trades are winners and over twice as much money is won than is lost.

 

They say that a fall of 10% is a correction, 20% falls or more often signals the arrival of a new bear market.

 

Corrections need to be seen as opportunites.

[Tams 20]

Read an article stating that we had not had 9 losing days in a row since 1971. We would have tied the record if not for last weeks miracle day of some small gains before it continued downward.

 

Also, wondering if anyone can tell me if there are any places that allow a minimum of $500 deposit to daytrade emini futures? I am also in the US.

 

what are you trying to achieve with the $500 account?

[Marubozu 10]

I don't believe that is possible.

 

If in the UK you can spread bet but I dont know if there is a similar option open to people in the US. As far as I know most brokers require minimum $500 to $1000 deposit per contract.

 

I may be wrong... as these guys reckon they can do it... Mini Futures Trading, Online Emini Futures Trade Broker

 

I have never used them or heard of them before.