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Mark I agree....
I have traded the big index contracts in the USA from Australia,
paying big dollar comms and getting slippage and still making heaps!
Stephen
Mark Brown wrote:
> Hello Gary,
>
> GF> Because you get a helluva lot better fills, without the rape job you
> GF> get in the pit?
>
> actually you are getting ripped in the electronic pit, at least
> recently a major firm changed ownership over night because they were
> caught stealing millions per day, front running.
>
> GF> I place multi-big-contract orders in the ND and the SP -- but I do it
> GF> by placing 5x as many minis. My profits are better, my frustrations
> GF> are lower, I can see much better what's happening in the market --
> GF> and my commission costs are only a smidgen higher than if I traded
> GF> the big contract instead.
>
> its the perfect addiction substance, smaller contract, same
> commission, looses less per trade, seems to conserve capital and whats
> happening in the market is not whats happening in the market. least i
> can not educate you to this because you can not see what i am talking
> about. someone tell me i'm wrong and we will endlessly continue this
> lesson.
>
> people who are obsessed with slippage and commissions are not making
> enough money in the first place. i have some models that allow for 50
> dollar commissions and a thousand dollars per trade slippage and yet
> pull out close to 3 grand a trade on the big contract.
>
> GF> My question is - if you are serious about your trading, why WOULD you
> GF> trade the full size contract? Unless you have a huge position of big
> GF> SP's to move, my experience is that you'll do better in the minis.
>
> ask yourself this question: does my model take a trade in the
> direction of the price direction? does my model chase the price
> direction? am i a reactionary trader who looks and reacts to price
> movement? is my system a reactionary model that depends on
> confirmation of price movement to place a trade? am i trying to be a
> floor trader off the floor? do i really know what the hell i'm doing?
>
> GF> Gary
>
> --
>
> Have a Great Day, Mark
>
> http://www.markbrown.com
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