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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros


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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros

  #341 (permalink)
 
Skid's Avatar
 Skid 
Hammond LA
 
Experience: Advanced
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Broker: Ninja Trader
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NinjaTrader View Post
Yes, micros and any instrument can be traded from NinjaTrader Chart Trader.

Looks like I'll be opening up another account with you guys soon.

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  #342 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
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johnsou View Post
DO you know what the margins are for IB? I couldn't find on there site.

two ways
1. right click on the symbol (MES) and select contract info, details

https://contract.ibkr.info/v3.10/index.php?action=CONTRACT_DETAILS&clt=1&detlev=2&site=IB&sess=1558908366&mid=001&conid=362699310

2. enter - but not trigger an order and left-click on the leftmost column and select check margin impact

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  #343 (permalink)
kazz
London
 
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roio View Post
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.

Thanks, what have you invested to earn $50 - $100 a day?

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  #344 (permalink)
kazz
London
 
Posts: 150 since Apr 2018
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Rural WA State View Post
Micro futures have not only allowed me to be able to trade more than one contract at a time(and make more money), but it also saved my bacon yesterday when Prez Trump made his tweet about not putting a tariff on autos. I was short an E-micro and when it started shooting up, my computer decided to lock up. So, by the time I got to my second computer and got to a page I could cover my short, I was down $100. If I had been trading an E-mini, it would have been $1,000! Yes, I was being careless by not having a closer stop loss, but I was testing new routines and just got preoccupied.

Anyway, I just love these Micro Index Futures. I can hold a position much longer without feeling the severe pain I had trading E mini's. This allows my position more time to work and so far I've done better by having this option. Plus as another person said, Sim trading just doesn't have the same feel as real money.

So now I trade Micro futures every day and make or lose $20-30 over 4-6 hours and have a blast. As such, it now falls under entertainment rather than high pressure. Heck a fancy movie can cost this much and don't even talk about going out to eat. Plus I learn a lot and end up getting great ideas. And if I want, by buying more contracts, I can "graduate" to the E-mini level without having to go there.

I predict Micro Index Futures, on a volume basis, will eventually exceed that of the Mini Index Futures. This will generate a lot of nice commissions for the brokers, and isn't that why they are doing this? So, a win-win. Yee-haw!

Are you day trading the micros or swing trade them? I would like to try them but, living in London, are 6 hours ahead. Hey back from work about 7pm so could trade from 8pm to 11pm which is 2pm to 5pm Chicago time. Is this a good time to trade when thinking about spreads and liquidity?

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  #345 (permalink)
 dstrader 
Chicago, USA
 
Experience: Advanced
Platform: TS, NT, TOS, SSE, IRT
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techa View Post
I got scare off of considering AMP because a couple of the reviews stated issues with getting their money withdrawn.

fwiw... I've been a AMP Futures customer for many years. Never had any issues. Customer service has been great also, I'm always surprised by the reviews here. Not my experience.

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  #346 (permalink)
 dstrader 
Chicago, USA
 
Experience: Advanced
Platform: TS, NT, TOS, SSE, IRT
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Schultz15 View Post
Opened an account with Tradestation this week. They are offering .50 commission on the micro minis. Pretty competitive I thought considering that includes no platform fee and free market data.

Thanks for pointing this out, just noticed this on their web site. Finally, Tradestation being a bit more aggressive on pricing.


This is the link: https://www.tradestation.com:443/pricing/
"Single-Tier Plan
Trade futures for $1.50 per contract, per side and CME Micro e-mini index futures for $0.50 per contract, per side with no software fees, free market data and free premium tools."

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  #347 (permalink)
 
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 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
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dstrader View Post
... no software fees, free market data and free premium tools."

The have seen the light. I still remember paying them $250/m for feed and software and plug in security dongle to verify you are a legitimate user. Moving the dongle from computer to computer was a big hassle I stopped the subscription after it broke and I couldn't pull the part out.

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  #348 (permalink)
fugu
Hamburg, Germany
 
Posts: 27 since Oct 2016
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dstrader View Post
Thanks for pointing this out, just noticed this on their web site. Finally, Tradestation being a bit more aggressive on pricing.


This is the link: https://www.tradestation.com:443/pricing/
"Single-Tier Plan
Trade futures for $1.50 per contract, per side and CME Micro e-mini index futures for $0.50 per contract, per side with no software fees, free market data and free premium tools."

Real time cme futures market data is 40 bucks. Can you point me to the free market data? I can only see free stock market data. Trading stocks is 5 bucks per site. Competitive to me looks different.

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  #349 (permalink)
 illogsamples 
Amsterdam, the Netherlands
 
Platform: Sierra Chart
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fugu View Post
Real time cme futures market data is 40 bucks. Can you point me to the free market data? I can only see free stock market data. Trading stocks is 5 bucks per site. Competitive to me looks different.

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Also, do you get to use tradestation or is it some online ''cloud'' platform?

Tried to learn it myself but could not and brokerage sites make me dizzy.

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  #350 (permalink)
 
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 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
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Interesting observation at 10:07 on June 13th
ESM9 Volume 698558
ESM9/U9 Spread Volume 123921 which is 17.7% of the outright volume

MESM9 Volume 110362
MESM9/U9 Spread Volume 7 which is 0.0% of the outright volume
Obviously very different dynamics involved in these two contracts!

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Last Updated on August 28, 2021


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