Quote from AMT4SWA:
I have never traded the full S&P 500 futures contract. Would it be less expensive from a cost stand point to trade the full contract at size instead of the ES (32 contracts vs. 160 contracts)?
I believe those that do trade that type of size have
personal reasons why they don't purchase or finance a trading membership at the CME.
I have 2 friends that trade that type of size as retail traders (their americans living outside the U.S.) and their not concern with purchasing any CME membership.
Also...they still occasionally trade the big contracts but prefer the Eminis for whatever reasons.
Trying to figure out why someone with deep pockets trades size in the Eminis and not something else is probably a waste of time.
My 2 buddies...I think its more of an
ego thing for them to show me while looking over their shoulders they have no fear of putting on that type of size.
Strict trade management is a must.
Their good intraday traders and don't always put that size on unless its on their favorite trade pattern.
In fact...any trader that puts on that type of size on every trade...
that's a scary trader.
I would rather ask a trader that trades size questions that deals more with their trade strategy or trade methodology....
because you can't trade that type of size for too long if your not a successful trader...
unless your one of the Powerball Lottery winners.
Just my opinion.
P.S. ElectricSavant is right on the mark about better executions and reporting in the Eminis.
NihabaAshi
