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The New Micro Contract - MICRO BITCOIN coming May 2021


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The New Micro Contract - MICRO BITCOIN coming May 2021

  #11 (permalink)
 
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 SMCJB 
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And before anybody asks, margin on the full-size contract is currently 42% of notional (has ranged from 35% to 42%), assuming these contracts are fungible it would be the same for the micro.

So Bitcoin $60k, CME Micro 0.1 Bitcoin = $6k Notional, with margin requirement of $2520,

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  #12 (permalink)
 
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FuturesTrader71 View Post
Although I would welcome any micro-product in futures to help traders deleverage and reduce risk, I would draw your attention to the fee structure for this product before you decide to go scalp it or even trade it intraday.

Unless I'm missing something the CME FAQ refers you to a CME Fee File that is effective 4/1/21 and as such does not have the Micro fees in it??

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SMCJB View Post
Unless I'm missing something the CME FAQ refers you to a CME Fee File that is effective 4/1/21 and as such does not have the Micro fees in it??

I see the same. I'm sure some more details are forthcoming. I simply didn't want FIO traders to believe that the cost structure supports scalping this product. I may be wrong.

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Good Advice @FuturesTrader71. With the wide Bid/Ask (often 8/10 ticks on full size) it may look attractive, but it moves/gaps quickly, and Exchange and Broker fees are higher than most contracts. (At least for the full size).

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SunTrader
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Nothing (futures related) is worth scalping unless one holds a seat and gets reduced fees.

Folks are kidding themselves like the Robinhood crowd that is trading commission-"free".

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lightsun47
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SunTrader View Post
Nothing (futures related) is worth scalping unless one holds a seat and gets reduced fees.

Folks are kidding themselves like the Robinhood crowd that is trading commission-"free".

And what about guys who trade on 100 lots and scalp 10-15-20 points a day SUCCESSFULLY?

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 Tripken 
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lightsun47 View Post
And what about guys who trade on 100 lots and scalp 10-15-20 points a day SUCCESSFULLY?

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Yep, and can be done with a lot less contracts and a bit fewer points per day...just gotta know how!!

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lightsun47 View Post
And what about guys who trade on 100 lots and scalp 10-15-20 points a day SUCCESSFULLY?

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100 lots @10-15-20 points a day is not scalping.

That is called highly improbable to it day after day.

Don't believe everything you see on youtube.

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 travelbrit 
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Totally agree spreads and fees will make all the difference, otherwise I think it is an great idea

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lightsun47
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SunTrader View Post
100 lots @10-15-20 points a day is not scalping.

That is called highly improbable to it day after day.

Don't believe everything you see on youtube.

Check your PM.

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