Editor-in-Chief
Courtney Smith:
1. We
just officially began tracking it late last year so we don't
have a long official track record. So far, it is modestly
profitable. However, I think that it would be higher but we
only started tracking foreign futures recently and I had a
couple of winners last year in those. Oh well. Major Moves
was started by Bruce Babcock and I took it over at the beginning
of 1996. I believe, but cannot prove, that it has been consistently
profitable during the whole time.
2. You
will probably need about $10,000 to have the margin to cover
all the trades, if you ignore the very occasional S&P trade.
However, I always recommend that people use much more money
so that they have the staying power to cover the inevitable
downdrafts in equity.
3. We
don't track options newsletters because we can't get good
data to track them.
Once again,
thanks for the questions!