When discussing volatility, you need to see a higher percentage of winning trades with relatively small losses. The position trader will typically have a higher frequency of losers that are small, but much larger profits on winning trades. The data in Figure 1 shows you that if you have the right methodology and systematic approach, you can certainly make a considerable amount of money in this particular arena. If you decide to trade E-mini S&P contracts or similar ones you will not have much of any problems with your fills since that market is traded electronically. It’s very unlikely that one will make a "killing" on any particular intraday trade. There is no sense in trying to trade the S&P with overnight positions. Three point moves ($750 in big S&P futures contract) can be found on 3 minute.

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