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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (39817)	11/2/1999 7:12:00 PM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 44573

David, I've (as I probably already told you) been very strictly paper trading the e-mini to get used to it's movement. I find it very smooth and very predictable compared to day trading equities (internets and the usual suspects). I have traded 56 round turns (8 per day) in 7 trading days. My average win (75% or 42 trades)has been $212.50 or 4.25 points. My average loss (25% or 14 trades) has bee $36.61 or .73 points (I count break even trades as losses). That still nets (after commissions of $15 RT) $7572.50 or $1081.79 per trading day. The big question mark is the slippage. If I use all market orders (which I know I won't have to) that amounts to .5 point or $25 per RT. That seems high, but still leaves a net net of $6172.50 or $881.79 average per trading day. BTW, all of these numbers assume trading 1 lots of the e-mini. I put all of this out there to get some feedback on where I need to allow more room, etc. Any help would be great. Thanks. Matt Matt