Note to Self : Don't "Trade" ED

• ED should be a long term positioning instrument when it finally trends again. Do not trade it short term. No trend, no trade.
• Reason : Commissions very high relative to trading ranges (= profit potential). 
• Actual recent trades : -20 @ -99.575 and -20 @ -99.59, cut loss +99.60. Total volume traded = 80 contracts. P&L from ED = -70 tics = -US$1,750. Commission = -US$ 11*80 = -US$880 !! Trading costs relative to potential returns percentages all screwed when it's in a trading range.
• Compare with say, an FX futures contract eg BP. Typical short term range say 50 pips. On 1 contract, 50 pip P&L = US$312.50, whilst commission = US$11. Makes much more sense.
• [Had to cut the ED position because of margin depletion and for self preservation]