If it ain't broke don't fix it. Stick to what you know would be my advice. SPY and ES can not be traded in the same manner. Remember that you must also pay the spread when trading the ES so it's 12.50 + broker fees (.59-2.99) + exchanges fees (1.16) ect.. so your total cost to enter a trade is...
Haven't read the whole thread but this traders problem is clearly over trading more than anything.. then again I'm not a big believer in trading everyday especially If you're under capitalized....:cool:
You guys are arguing over nothing that will make a difference. The fact is, taxes are going up for the top 2% of earners. If you earn less than 200k per then your capital gains tax will not go up.
Moral of the story is, If you are a retail trader looking to scalp then forget about trading. I like to think that something will be done about HFT eventually especially if there is another large crash or market meltdown.