Trading In The 21st Century by Tom Busby
ARTICLE SYNOPSIS ...Trading In The 21st Century by Tom Busby
Equipment, education, and method -- three necessities for successful trading.
It wasn't so long ago that it was very important to buy stocks with dividends and only sell on an annual basis. Then in the early 1980s, the Standard & Poor's contracts started trading in the Chicago futures pit, and things haven't been the same since. Introduced in the form of S&P futures was a vehicle that allowed traders to enter and exit the market multiple times per year to increase net worth. The ensuing shift in philosophy set the stage for a changing market and led to...