What can happen playing the HIGH RISK game of foreign currency futures....!

Thanks Boyd. Years ago, I used to frequent newsgroups, but in recent years haven't done so. I tend to stay away from them for reasons you mentioned. But it can't hurt to check them out to see if I can gain any knowledge on what's going on.

Actually, I'd like to learn more about what 'really' goes on at the big floors of the major exchanges. Probably a great story for a documentary on a show like Investigative Reports on A&E. I actually sent A@E an email some time ago suggesting they do a show on the subject. They wanted me to send my request via snail mail, which I didn't do. Somehow, though, I think the subject is far too sensitive and political
an issue to cover and I doubt what really goes on will ever be revealed.

I often think, based on some of the stories that my husband and his day trading colleagues have told me, which they learnt from the day trading floor is that there is some conspiring and game playing among the market makers to manipulate or artifically inflate/deflate the price of a stock especially in the first hour of trading and during the noon hour. And if you watch the markets as closely as we do and see the trades as they occur, there are some things that just amaze the heck out of us. But I won't get into all the
details here.

If you could send me the names of a couple or any other trading bookmarks, I'd appreciate it.

Many thanks.

Eliz.

Hi,

You wrote:
> If you could send me the names of a couple
> or any other trading bookmarks, I'd
> appreciate it.

When I was trading, Waldemar's List of trading links was, I believe, considered to be the most comprehensive. You can check out Waldemar's List at:

http://www.waldemar.ws/wl.html [Link below]

Waldemar lists _everything_, so he's sort of a one-stop shopping center.

You wrote:
> Thanks Boyd. Years ago, I used to frequent
> newsgroups, but in recent years haven't done
> so. I tend to stay away from them for
> reasons you mentioned. But it can't hurt to
> check them out to see if I can gain any
> knowledge on what's going on.

The newsgroups I used to read every day (this was in 1994 and 1995) were:

misc.invest.stocks
misc.invest.futures
misc.invest.technical

You wrote:
> Actually, I'd like to learn more about what
> 'really' goes on at the big floors of the
> major exchanges. Probably a great story for
> a documentary on a show like Investigative
> Reports on A&E.

I'd like to see that, too. Have you seen the Paul Tudor Jones daytrading video-tape, the one that shows him trading, screaming orders into the phone, trading large? It's a good one.

You wrote:
> I often think, based on some of the stories
> that my husband and his day trading
> colleagues have told me, which they learnt
> from the day trading floor is that there is
> some conspiring and game playing among the
> market makers to manipulate or artifically
> inflate/deflate the price of a stock
> especially in the first hour of trading and
> during the noon hour.

That's why daytraders should really only trade when the floor isn't in control, when a strong outside force is moving the price around. When the floor traders are scrambling, they don't have time to engage in their usual tomfoolery.

You wrote:
> And if you watch the
> markets as closely as we do and see the
> trades as they occur, there are some things
> that just amaze the heck out of us. But I
> won't get into all the
> details here.

I know just what you mean!

Best,

-Boyd


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