Quote from increasenow:
the WORST "in the hole" futures contract once you enter a position is...read this...the minute you 'buy or sell'...is the electronic 30 Year TBond...immediatelly in the hole $31.25 plus commission...this is a 'per tick' calculation...even the ES, ER2, Gold, CL does not put you in the whole that much immediatelly after you enter a position on the 30 Year TBOND...it takes much GUTS to trade this 'big boy'...any thoughts?...I know the huge SP500 might be more but of the highly liquid (volume) contracts...this is the MAMMOTH one...even the DAX does not put you in the hole that much...thoughts?..agree?
On the 30 year ZB over the last 10 days I have completed 31 RTs with 6 ticks slippage. I keep track of meaningless things like that.
That is a cost of $18.75 per day. Last Thursday and Friday I didn't feel like trading after making stupid mistakes, wanted to sleep most of the day, and lost out on a multitude of multiples of what slippage costs me.
