From: Daytona 
Newsgroups: misc.invest.stocks uk.finance uk.finance.stockmarket misc.invest.technical
Subject: Re: start up Trading Online Book
Date: Mon, 19 Apr 2004 15:15:37 +0100

"twc"  wrote :

>Do *not* trade stocks (equities).  Trade futures contracts.  With only
>$2000+ capital, you can daytrade these contracts vs $25,000 for equities.

Why do you think I need $25,000 for equities ? I note the op has crossposted to
both UK & US newsgroups, so there are probably differences.

>Use http://www.interactivebrokers.com to setup your account, hassle-free no
>paperwork fully online.  Take my advice on this!  Also, the tax advantages
>are tremendous vs stocks for your income -- much less tax on your profits.

If you trade equities within an ISA there are no taxes on capital or income.

>I know you are just a beginner, and wish you well.  

Where did I say that ?

>I'm a pro, and you can
>look at http://www.tradewithconfidence.com.  You may never want to go so
>deeply into it as a profession, but you should know what to expect, and get
>a good start.  I repeat: do *not* trade stocks -- been there, done that.
>Trade futures, such as YM (Dow Jones Industrial Average futures contract).
>$5/tick profit, well-behaved, and cheap.

I'm not interested in assertions from someone who's track record isn't published
and hasn't been independently verified. It makes you sound like yet another
salesman desperate to sell their product.

Daytona