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

To: Patrick Slevin who wrote (7172)	10/23/1998 8:23:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Patrick, The only thing I can think the mini is good for, besides position trading, is learning to trade. With ZAP the mini commission is something like a total of $42 or so, including all exchange fees etc...I just say it is one point. Makes it simple. So, if I can trade the mini and basically stay flat on my capital account, I am building confidence to day trade the large where I certainly would gain tremendously. My numbers from my paper trading, including input errors, judgment errors, the whole nine yards...were: Average Win 67% Average Losers 33% Average Gain 2.64 Average Loss -2.22 That is overall numbers. The last few weeks they were decidedly better, but let's run that against the mini. Win times Gain = 1.76 Lose times Loss = -.74 So on average I was up one point per trade overall. This covers the commission. Certainly if I could put up better numbers, I have not made any real coin, but the confidence level etc has got be there from a trading standpoint. So I think the mini has two functions as a trading vehicle. The first as you point out a position trading system and the second as a training device. The only other thing it might be good for is hedging a portfolio of stocks. My two cents...what you are left with after trading the mini.... -Scott