Why trade at all?

Discussion in 'Index Futures' started by Maximus, Aug 1, 2003.

  1. Candle, just a sidenote here. I know a fund that trades the SPY and QQQ`s only intraday. They only trade in 100K share lots. Watching them trade was ridiculous, taking profits just like an ES trader..i.e .20 on 100k two or three times a day. There were no liquidity problems at all. Most of the time they got filled in 1-6 lots MAX.
     
    #41     Aug 2, 2003

  2. He meant 50 BIG MAN contracts of course -- them professionals in chitown dont bother with no emini mouse crap!

    :) :D :p
     
    #42     Aug 2, 2003
  3. DT-waw

    DT-waw

    Really? $180k / (50*$250) = 14.4 pts /day
     
    #43     Aug 2, 2003
  4. Obviously he was trading the big contracts. I traded on thursday and it was a swing traders dream, to nail 38 pts could have been possible, but not probable. Trading 50 could have very easily got high 5 figures or low 6, if he nailed the swings. Who's bitching anyway unless your name is Bill Gates.

    Good Luck,

    Wavetrader
     
    #44     Aug 2, 2003
  5. DT-waw

    DT-waw

    With 50 big contracts he probably trades ~$2-$4M capital. Sure it's possible to make 3/4 M in 7 months.
     
    #45     Aug 2, 2003