I have never traded futures but have just signed up to do so,
therefore I'd be grateful if someone could correct me if I am wrong
in the following assertion:
- Regarding the E-mini ES, the contract was worth much less when
SPX was at the March 09 lows around 666 vs today at 1350ish. As
such, I believe I am correct in saying a 1% move in the ES in March
09 resulted in less points (and therefore $$) profit/loss per
contract vs an equivalent 1% today.
- In other words, although using Matt's SPY system to trade the
ES will result in the same winning and losing trades, the actual
profits and losses in $$ will differ to a fixed $100,000 per SPY
trade because of the varying values of the ES contract over
time.
Title: Using SPY system signals
SPY System - substituting SSO for SPY
Posted by philosoraptor on 28th of Apr 2011 at 10:17 am
I have never traded futures but have just signed up to do so, therefore I'd be grateful if someone could correct me if I am wrong in the following assertion:
- Regarding the E-mini ES, the contract was worth much less when SPX was at the March 09 lows around 666 vs today at 1350ish. As such, I believe I am correct in saying a 1% move in the ES in March 09 resulted in less points (and therefore $$) profit/loss per contract vs an equivalent 1% today.
- In other words, although using Matt's SPY system to trade the ES will result in the same winning and losing trades, the actual profits and losses in $$ will differ to a fixed $100,000 per SPY trade because of the varying values of the ES contract over time.
Each E-Mini S&P point is
Posted by jambo1 on 28th of Apr 2011 at 10:19 am
Each E-Mini S&P point is $50 thus each tick is $12.5 and has to be worked out as such.