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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros
I'm not a fan of sim trading. It's doesn't give you feeling of losing/gaining money. I start trading MES because I don't feel comfortable with runners. Instead of making 3-4 ticks I wanna make 3-4 points. Psychology is not so easy.
I noticed that daily volume on let's say MES (Micro e-mini S&P 500 futures) is almost 10 times higher than the open interest of the same future. Are you using these for day-trading or just warming up before building positions?
I'm using it as a hedging instrument when the SnP is too big. It's a way to get a more precise hedge. It might be pedantic, too precise, as in the imprecise hedge is relatively small but that's how I have been using them.
I love it after blowing a few accounts over the years 5000 aand 2500 in ES. I can now use larger stops let my entries play out. I have not placed a option trade in two weeks, no more time decay. My goal is only 50 - 100 dollars a day what i need to replace my salary. With the recent volatility I getting that using one mes contact easily.
