I would like to understand why Indexes like ES lose their volatility at some point in time.
Any expert in here that can provide sound reasons as of why indexes become less volatile and more difficult to trade?
Do they become more efficient?
Right now ER2 and NQ seem to be the hot futures indexes to trade. I am sure at some point in time either of them will become less attractive and perhaps YM will become the hottest thing.
Why does this happen?
I dont think the YM will ever be the "hot market" to trade.