Re: E-Mini

["Craig Nelson"<nelson@xxxxxxxx>]

I'm definitely reconsidering.  I'm just waiting to get my account up high
enough to where I can trade it comfortably.  I already trade 3 Bond systems
and 1 ND system, so my margin is pretty well tied up at the moment.
Hopefully by year end I'll be able to trade my S&P system.

Regards,
Craig




omega-list@xxxxxxxxxx on 01/15/98 07:45:28 PM

To:   Craig Nelson/NY/SBCM
cc:   omega-list@xxxxxxxxxx
Subject:  Re: E-Mini




Hi Craig:
         Since the "full SnP" has been cut in half,so to say,it may be
worth re-considering that contract.(the margin also,has been cut).
Craig Nelson wrote:
>
> I've looked seriously at the e-mini S&P contract and I think it stinks.
> With a point value of only $50.00 you need to make a heck of a lot of S&P
> points to make any money, even when trading multiple lots.  I can't make
my
> trading systems profitable unless I use the Big S&P, or the Nasdaq 100
> futures contract(symbol ND).  Since the Big S&P is out of my price range
> for now, I trade the ND with a margin of $7,965.   It's affordable.  And
> the moves in ND are very nice.  Tick value is $100.00 per big point.  You
> might want to consider ND as an alternative to the mini S&P.  Round turn
> slippage I have experienced with ND has been $150 on average.
>
> Regards,
> Craig