[MadMarketScientist]

This past week we held a "Post of the Week" contest answering the question:
What is the Single Largest Roadblock Standing in the Way to Your Trading Success?

The winner: http://www.traderslaboratory.com/for...html#post96268 (way to go "Daedalus")

However, you all did great - there were so many excellent responses that it was no easy decision. So, this week I'm going to ask a new question, and this time ask that you "Thank" people on the threads you think are the best. Just click that button and that will be your vote - of course, feel free to vote more than once -- if a post speaks to you.

Here's the question.....If you were told that you could only trade one market from today and forever, what market would you choose to trade? If all other markets were restricted from you, would it be a forex pair? Futures contract? A single stock? And, once you make your choice, would you be a day trader, swing trader, position trader? It forces us to look at really where we've had the best success so far even though most of us probably continue to always pursue something better. How would you choose to trade it?

I'll weigh in with my answer. Crude Oil Futures would be my choice. I know sure, there's a chance we wipe out the demand for crude oil in upcoming decades but I'll take my chances. I would day trade it and swing trade -- it can be effective on both, and it would be the one market I would never want to give up if forced to choose. It's not the only thing I trade now but I'd say it's my most consistent.

You?

[MadMarketScientist]

Ok, I guess I felt this was a compelling question but I must be alone in that

I find too many traders bounce around from market to market, let alone strategy to strategy that this question might force you to focus in on what market should be or become the center of your universe.

Maybe it's just too hard to pick just one -- but if you had too..........

[jonbig04]

I second the crude oil futures. Unless the euro stayed this volatile forever, then it would have to be EUR.USD futures.

[MadMarketScientist]

Right, that's the key - for example if you looked at trading the index futures now they're moving amazing in the last few weeks, but it was several months before that of dull trade. They tend to ebb and flow a lot and volatility doesn't stay high all the time like it used to. Whereas CL has remained fairly steadily crazy for a long stretch of time.

If I had to choose in forex I would go with the GBPUSD over the EURUSD -- it simply has higher volatility more consistently. To me that's preferred for forex.

[MidKnight]

Hiya,

The reason I never responded to this thread is in part due to volatility changes. Like MMS mentioned above, GBP/USD is probably the most consistently volatile major and that is where I like to put most of my effort. But having said that, I also do look at some of the GBP crosses and trade from them when the vola gets a bit lower or I find the context to be somewhat choppy/messy. If I had to pick just one, I'd pick GBP/USD

With kind regards,
MK

[brownsfan019]

I would also take Oil but if I can get picky, I want Oil in the exact same current volatility we are in currently (and forever).

[MadMarketScientist]

Very valid points. I know when I started trading too many years ago compared to now I'm trading totally different things. We are reliant on volatility holding up in our chosen market.

This exercise though helps me realize that only a few markets really rise to the surface and maintain their trade-ability over the long haul. Right now is a good example, the index futures were kinda dead for many months but lately have been great to trade -- but they tend to fall back to sleep so you have to be nimble with them.

I think Dax Futures is an index that stretches further in both directions than the US index futures so that would be a reason I'd choose it if I had to go with an equity index.

If I could control the slippage, NG might not be a bad one either.

[TheDude]

I'd go for ES. The changing volatility cycles keep me on my toes. I think being adaptable and flexible are key to being a trader. To be honest, I find trading boring sometimes. I like the thought and idea that gets me out of bed in the morning, but the actual act and the focus required can be like watching paint dry (as Im sure you know). Having to adapt the strategy every now and then keeps me interested - as a challenge.

For me, trading a market with the same vol day in day out would probably lead me to the mad house. High vol is nice sometimes IF you get on the right side, but for me, low vol is cool as it offers higher probability as markets tend to stick in value in such conditions. Going in with size in low vol screaming and shouting at the bids to be pulled when youre 1 tick away from a fill! lol! aaah trading.....

A close second would be either bonds (30 yr) or GBP/USD. I would have said the EuroFX, but that may not be round much longer - I should buy some Puts as a retirement move!