Expert: Dr. Joseph de Beauchamp - 1/2/2006

Question
i have tried this method while learning to trade emini futures and it works for me so i was wondering are there stocks market that i can go (short and long)many times per day...what is the minimum amount of money i have to start with....




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Followup To
Question -
hi i want to know if i can trade stocks in very short period of time (minutes) if so, are there stock markets that usually have strong movement so that i can do several games a day..and are there stock markets that i can go (short and long)...what is the minimum amount of money i have to start with....
Answer -
This metod of short term trading do not work. I would not even recommend this philosophy to Bill Gates. Buying long term mutual fund and holding ten years is the best way to make money with small amounts of cash.

Stay away from people who recommend these short term trading methods, they are a scam. Go to the public library in your area to find Valueline and Morningstar to learn more. These are free resources. You can also look over the http://wfnn.info website.

Dr. Joseph de Beauchamp

Answer
Sorry, but after 32 years of employment in the industry, and 20 plus years of being a professor, I refuse to think that these methods work for anyone, and at anytime. Oh, I have met many a person that believes in this style, but no evidence ever shows up. In my reseach and exploration, I knew many years ago that this was bordering on breach of trading laws of churring. I would recommend that you avoid and discard this high trading activity.

Dr. Joseph de Beauchamp