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That's exactly my point. It's easy to understand why we should do this but emotionally it's difficult to handle when we leave points on the table. If you use fixed targets and the market moves twice the distance past your fixed target then you start saying to yourself "let the market determine...

Very impressive $COSTAverageMAN - thanks for sharing.

Don't forget Rollover tomorrow. Change contracts from M to U. If you forget to change the contracts on both your charting and trading platform then expect one to lag the other for the duration of the day and never catch up.

Grob109 - you about?

Very true. It begs another study and poll. May I ask: How often do you end a day with more points in your pocket than the day's range? (As a percentage: 1 day in 5 would be 20%) If you assign a point value (or part of a point value) to each trade for commissions do you still end up with more...

Don't forget: Rollover on Thursday this coming week.

Philisophically perhaps but I would not call your trade perfect if it loses money - which could happen in this case. Perhaps you are talking about perfect discipline - i.e. being able to follow a (perfect?) system?

I agree.

I recently wrote The Perfect Trade. The concept is that the perfect trade is almost unattainable yet a lot of traders attempt to pull it off and are disappointed if they don't enter on the low tick and exit on the high tick. (I am guilty of this and writing about it is semi-cathartic and helps...

If you want to see them on eSignal then use the appropriate ticker: CUS=Composite Index BOS=Boston CHI=Chicago DEN=Denver LAV=Las Vegas LAX=Los Angeles MIA=Miami NYM=New York SDG=San Diego SFR=San Francisco WDC=Washington, DC With a space and then the contract month: Aug 06...

So you're saying that the components of the index cannot be arb'd against the future?

I don't understand what you mean "exchanging price risk for basis risk" - can you give me an example?

These are valid points but I feel that you are ONLY looking at the contract from the point of view of a trader. These contracts allow institutions to repackage the contracts into different products. For example, an insurance company could provide insurance against a fall in your house price. For...

You don't develop strategies around shock events. You use insurance for shock events and strategies for market moves - in both volatile and benign environments. Benign environments lend themselves to option writing and volatile to futures trading.

The problems that I see with new futures is a catch-22 and not what you describe. The catch-22 is that no one will trade them until there's liquidity and there won't be liquidity until everyone trades them. IMHO - 9/11 is not a good example because you don't base strategies around shock...

I believe that S&P now "own" the CS index. No room for fudging index because it is based on second sales at arms length.

http://emini.deltat1.com/forum/topic.asp?TOPIC_ID=1016 What do you mean liquid? How many contracts have traded? I see only 1.

From what I can see so far there has only been 1 contract traded in the composite index in the Aug and 1 in the Nov contract and those were both transacted today.

I believe that there are options on the futures so you can.

CME launched its Housing Futures yesterday. I have done a little bit of research on it and posted some charts and spreadsheets in this topic - I'd like to hear your opinions. Personally I think that the housing market is going to drop but that is not what the futures are telling us. What do...