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

To: TFF who wrote (7155)	10/23/1998 7:32:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

Because it costs a lot to trade. I was trading 3, 4 and paying as much as 1 spoo. So, if you are trading 1 spoo and it moves 10 points you make/lose $2500. If you are trading one Small and it moves 10 points you make/lose $500, I think it is. The percentage gain versus the Vig versus the amount of gain per point makes it a position only trade. I can make 4 points on the Spoo and walk with a G-Note but on the Small I only have $200. Hardly worth the price of admission, the Commish. Too much risk for value received, you have to hold for a big gain. I think about it this way. If I only traded one contract and traded one contract 10 times a week...losing 4 points 40% of the time and making 4 points 60% of the time I would net out with $1700 a week including the Vig. One can't do that with the Small, the E-Mini. The commissions would be more than the gain. You have to look for the big hit with the Mini. You have to trade a trending market which is not the way to go for a day trader. Frankly, I'd love for someone to point out the fallacy in this argument. I just don't think there is one.