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

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  #401 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
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FuturesTrader71 View Post
Hello traders,

Can you help us push the Micro-CL contract on CME/NYMEX by voting in this poll? I started pushing the micro indices back in 2012 and it took too long to get it done. We want to show them that there is demand for micro-energies.

Vote here: https://twitter.com/FuturesTrader71/status/1159824072240455680?s=09

I will be meeting with directors at CME later this week.

Appreciated!

FuturesTrader71

Thank you for your efforts. It looks good so far with 89% yes.

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  #402 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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FuturesTrader71 View Post
Hello traders,

Can you help us push the Micro-CL contract on CME/NYMEX by voting in this poll? I started pushing the micro indices back in 2012 and it took too long to get it done. We want to show them that there is demand for micro-energies.

Vote here: https://twitter.com/FuturesTrader71/status/1159824072240455680?s=09

I will be meeting with directors at CME later this week.

Appreciated!

FuturesTrader71

@FuturesTrader71

I will vote for this. I hope you make this happen. I have seen so much benefit for new traders from the micros. There are quite a few journals here on FIO which may have not been created if it were not for the micros being available. Not to mention the great people who are now participating daily here on the forum.

I have used the micros myself to test strategies with real money which I could have not done with the full size contracts. This has been a huge benefit for me.

Thanks for the push to make this happen!

Robert

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  #403 (permalink)
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,871 since Sep 2009
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FuturesTrader71 View Post
Hello traders,

Can you help us push the Micro-CL contract on CME/NYMEX by voting in this poll? I started pushing the micro indices back in 2012 and it took too long to get it done. We want to show them that there is demand for micro-energies.

Vote here: https://twitter.com/FuturesTrader71/status/1159824072240455680?s=09

I will be meeting with directors at CME later this week.

Appreciated!

FuturesTrader71

Hi FT71,

I am with you, but I am not signing up to Twitter just to vote - sorry. But show CME this post as I would trade a CL micro.

While you are at it, get the CME to fix up the currency micros so they are properly 1/10th the full contract with the same tick size. If they did this for several of the currency pairs and promoted it fully I am sure they would attract a few of the Forex traders being ripped off with OTC/bucket shop/CFD providers.

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  #404 (permalink)
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
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Posts: 3,542 since Aug 2009
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I voted no. like mentioned in the past, we already have more than enough derivative products. that will lead sooner or later to major problems.

I'm a strong believer that certain markets are not suitable for everybody. if you're a beginner, start with stocks/etf first. only after you have a good understanding how financial markets work, then you could advance to options. and then maybe you're ready for futures. but certainly not from the beginning.

just imho

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  #405 (permalink)
ljubljana slovenia
 
 
Posts: 3 since Aug 2015
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Hello everyone,

for those of you who trade Micros on stock indexes,

how is the execution in terms of slippage?

Thanks!

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  #406 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,864 given, 871 received


slofutures View Post
Hello everyone,

for those of you who trade Micros on stock indexes,

how is the execution in terms of slippage?

Thanks!

Seems to be tick by tick with ES. I have not seen anything that would stop me from trading. I think CME did a great job introducing and making the micros work.

K

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  #407 (permalink)
Legendary Market Wizard
Chicago
 
Experience: Beginner
Trading: YM, MYM
 
snax's Avatar
 
Posts: 1,306 since Feb 2019
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slofutures View Post
Hello everyone,

for those of you who trade Micros on stock indexes,

how is the execution in terms of slippage?

Thanks!

For Tastyworks on the MES its about 1-tick of slippage every few trades, its no big deal, and this seems to be the consensus I've seen from other traders as well. There is no need to be concerned IMHO because the benefits outweigh the slippage/fees.

Cheers!

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  #408 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,864 given, 871 received


snax View Post
For Tastyworks on the MES its about 1-tick of slippage every few trades, its no big deal, and this seems to be the consensus I've seen from other traders as well. There is no need to be concerned IMHO because the benefits outweigh the slippage/fees.

Cheers!

True. I think of MES as learning tools, that one should eventually move you over to miniz. And in a learning tools, you would want it to be challenging.

K

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  #409 (permalink)
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Silvester17 View Post
I voted no. like mentioned in the past, we already have more than enough derivative products. that will lead sooner or later to major problems.

I'm a strong believer that certain markets are not suitable for everybody. if you're a beginner, start with stocks/etf first. only after you have a good understanding how financial markets work, then you could advance to options. and then maybe you're ready for futures. but certainly not from the beginning.

just imho

I can respect that. However, I'm not looking to create "more" products. I'm pushing to help deleverage the existing ones. Opposing this is like opposing ETFs. The specs are the same. Only the size is 1/10th so that folks who are learning can do so at the lowest cost possible. There is clearly a huge demand for micros seeing as the volume of the Micro-Indices has been explosive. Also, in futures, people don't have to deal with the rules that exist in equities. Anyway...I have seen more people blow up trading CL than I care to admit.

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  #410 (permalink)
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steve2222 View Post
Hi FT71,

I am with you, but I am not signing up to Twitter just to vote - sorry. But show CME this post as I would trade a CL micro.

While you are at it, get the CME to fix up the currency micros so they are properly 1/10th the full contract with the same tick size. If they did this for several of the currency pairs and promoted it fully I am sure they would attract a few of the Forex traders being ripped off with OTC/bucket shop/CFD providers.

I really pushed the M6E when it was released. Did a live trading webinar on it with them to help bring a spotlight to it. I saw it as a better alternative to trading minis. I'm with you on that.

It isn't worth my time to push them more than I have on anything micro. I have never traded Forex and never well. I would consider anything that is not traded on a central exchange which is agnostic to fills, a total rip off. I mean when traders trade Forex, they are trading against their dealer's book and they can see everything. Like playing poker while my opponent can see through the table and read my cards.

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