Two direct quotes from two well respected authorities on the S&P contract. 1. The Compleat Day Trader (Jake Bernstein) page 53 " As soon as the market has moved in your favor by a predetermined amount (100 points in S&P futures for example), you exit one unit." 2. The Secrets To: Emotion Free Trading (Larry Levin) page 26 "I talk to people who only planned on risking 200 points on an S&P trade." The Emini S&P Future is merely an electronic mini contract of the original S&P contract. All terminology of the original is the correct terminology in my opinion. I wish all the good people on this site prosperity in their trading endeavors. I only hope that the negative people will soon see the light and try to help people rather than criticize. The mark of a good person is a characteristic of helping others. And good riddens to all the negative people on this site I will no longer subject my self to their bad energy.