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IB only provides access to electronically traded contracts. During the day the ND is still pit traded.

Nice posts. Thanks!

No, I didn't have to provide documentation for the answers to the trader status questions. I mean: be able to provide documentation for numbers you put down on your tax forms.

Yeah, it's an interesting topic. There have been a couple books published on behavioral finance lately. Go to Amazon.com and search for "behavioral finance" to get the titles. Most of the behavioral finance books give examples relating to errors investors make with their long term holdings...

Ah, thanks Alanm. So it is like the big SP and ND contract -- it trades electronically overnight and only in the pit during the day? What a silly arrangement. Leave the big contracts trading electronically during the day! Can you hear me CBOT/CME??

Where do you find out the roll rules for each contract? Not sure. I heard the NQ rule here on ET a year or so ago.

Each contract has its own rules for when it rolls. Evidently the T-note rolls on the first day of the expiration month. The NQ rolls on the Thursday after the first Friday of the expiration month.

How would it be too early to roll to the March contract if that is where the liquidity is? I don't understand your question. I doubt Christmas has anything to do with it. What is the usual roll date for T-notes? Is this unusually early?

The liquidity has moved to the March 2003 contract. I'm glad I saw your post -- I hadn't noticed the roll to the new contract.

Sentiment indicators show what the market participants expect will happen. Put/call ratio, implied volatility, price of gold & crude, hi-yield/treasury spread, the yield curve, cover of magazines, etc. And the study of behavioral finance is the study of human weaknesses and irrationalities...

The only CTA's that are making money using purely price based indicators are the diversified, long-term trend followers. All the other profitable ones that I've looked at are using something else in addition to price. I know you hear a lot about intraday, priced-based "scalping" on ET, but I...

As a hedge fund you are going to be selling limited partnership or LLC shares in the US as a private offering, right? As a private offering you are exempt from SEC and state registration (Blue Sky laws). But you still need to file with them to get that registration (Form D for the SEC). What...

The problem is that a trader's income is very volatile but expenses are rather consistent. Even during the down months you are going to have bills to pay. So you don't want to blow your entire profit in the good months -- you need to save up to weather the drawdowns. When I first started...

The issue the IRS could raise is whether you qualify for trader status versus investor. A trader can deduct trading expenses on a Sch. C but investors must use Sch. A and can't deduct as many things. I was just audited and had my trader status questioned. The auditor asked the following...

The larger dow contract is pit traded and not available to IB customers last time I checked. Through IB you can only trade electronic futures contracts.

By the way, membership levels (junior, senior, elite, etc.) denote number of posts, not a management position with Elite Trader. I'm not aware that Limitdown or BCE have an interest in whether you sponsor Elite Trader.

Markets have gone up in the long run and you have to have high confidence in your prediction to go bearish for long periods.

I think the e-mini Dow is cheaper to trade than the ES. At least through the end of the year. IB is passing the CBOT's fee holiday on to customers. Look atj IB's commission pages.

And, just to be clear, a tick in the t-notes is one-half of a 32nd.

The spread is still usually a single tick with good size on both sides. You'll probably get less slippage trading the a/c/e electronic contract.