I mostly agree with you.
The BEST traders can trade it well over the long haul.
But its a very efficient market, and only the best of the best
survive it.
I have a system that trades it extremely well over the last 10 years,
but the signals are soooo rare, its not worth running it, and does
not make enough money to be worth my time.
I also think the #1 reason people fail trading the SP500 is
NOT capitalization, but the fact that they simply dont
have a robust system.
If you cant show me a smooth equity curve with sufficient
signal density over the last several years, then your system
is not very convincing to me.
Lets put it this way.... can anyone name a market more efficient
than the SP500???
The more efficient, the more difficult to trade.
peace
axeman
Quote from IndexTrader:
The fact that most systems on the S&P fail over a period of months/years, is testament that the futures index is *currently* not tradable with positive expectations.
It is investable, but not "positively tradable".