Good job! You've probably just about maintained the buying power of your money that the Gummint is pissing away with its deficit spending and debasement of our currency...
Is like watching "paint dry". The whole trading community seems to be trading TASR. The entire float has already traded almost twice today! Unreal.
with all being said on the required capital to trade the es, what are your views on it? (on a per contract basis). i know many traders who go in on 2K per contract, and they just cant stick with their trade long enough. what amount is enough?....
Even if you started with a minimum $10,000, that's still leveraged almost 6:1. That should be more than enough stimulation for anyone.
The fact that most systems on the S&P fail over a period of months/years, is testament that the futures index is *currently* not tradable with positive expectations. It is investable, but not "positively tradable".
I mostly agree with you. The BEST traders can trade it well over the long haul. But its a very efficient market, and only the best of the best survive it. I have a system that trades it extremely well over the last 10 years, but the signals are soooo rare, its not worth running it, and does not make enough money to be worth my time. I also think the #1 reason people fail trading the SP500 is NOT capitalization, but the fact that they simply dont have a robust system. If you cant show me a smooth equity curve with sufficient signal density over the last several years, then your system is not very convincing to me. Lets put it this way.... can anyone name a market more efficient than the SP500??? The more efficient, the more difficult to trade. peace axeman
ive been mechanically trading the s&p for close to 6 years now. profitable all but one. imo you just have to know what variables to change and how often. you have to be there EVERY day to trade your systems signals without fail and once your in your trade, walk away and not watch your screen until your ready to get out. watching the screen causes nothing but TROUBLE with the s&p. unless you want to scalp/scavange trade and that also sometimes causes pain. the s&p is HARD to trade if you are full of emotion and react to all the pivots and cycles unless thats your speciality.
I would not even consider the ES very efficient. The most efficient market I've ever seen is the Bund - Future (FGBL). For normal human-beings is appears it is absolutely impossible to be profitable in this market, no matter what systems, they seem all useless.
Yup.... ES should stand for Emergency Services, cuz thats what you feel like you need when sitting through that mess peace axeman