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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

  #331 (permalink)
 
ramado's Avatar
 ramado 
Sao Paulo, Brazil
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: TD Ameritrade
Trading: ES, NQ, CL, GC
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Thanks Received: 1

Hey Big Mike,

Thanks for this poll.

There is one additional question that I believe would be interesting to see in a future related poll.

"Are you trading the new Micro E-mini in place of the regular E-mini?"

There may be traders who are trading both the Micro and the Minis. And traders who are trading the Micros only.

In my case, I migrated to the micros, which give me a lot more flexibility in position sizing, and a more refined risk management.

Thanks,
Rogerio



Big Mike View Post
New poll:



Please vote & discuss.

Mike


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  #332 (permalink)
 OneEye 
The Netherlands
 
Experience: Intermediate
Platform: proprietary
Trading: ES
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As a test I traded MES today with IB.
Spread and liquidity seems to be OK.

21 trades. Commission 19.74. Round trip commission per trade 0.94.

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  #333 (permalink)
 techa 
Wilmington, NC
 
Experience: Beginner
Platform: Infinity Futures, TOS
Trading: ES, MES
Posts: 75 since Apr 2019
Thanks Given: 75
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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.

Time decay was killing me in options too. I switched to futures on paper a few months ago and made my first live trades today. I'm trying to take it slow with one contract at a time as well to get my feet wet and build my confidence. Good luck!

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  #334 (permalink)
 Rural WA State 
Walla Walla
 
Experience: Intermediate
Platform: TOS, NT
Trading: Rut
Posts: 8 since Apr 2019
Thanks Given: 2
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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!

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  #335 (permalink)
johnsou
lexington ky
 
Posts: 2 since Nov 2012
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DO you know what the margins are for IB? I couldn't find on there site.

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  #336 (permalink)
Schultz15
Los Angeles California USA
 
Posts: 18 since Nov 2015
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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.

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  #337 (permalink)
 
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 Pa Dax 
Netherlands
Price Action Scientist
 
Experience: Advanced
Platform: NinjaTrader, IB TWS
Broker: InteractiveBrokers, CQG
Trading: ES
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johnsou View Post
DO you know what the margins are for IB? I couldn't find on there site.

.47 all in one way....

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  #338 (permalink)
 
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 Skid 
Hammond LA
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninja Trader
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Does anyone know if you can trade right from the charts with the E-micros on Ninja Trader yet?

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  #339 (permalink)
 tradergino 
Chicago, IL
 
Experience: Intermediate
Platform: Tradingview
Broker: AMP Futures
Trading: NQ
Frequency: Daily
Duration: Minutes
Posts: 38 since Jan 2012
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You mean using Chart Trader? I don't see why not. Works with Market Replay. Setting up live account with Ninja right now.

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  #340 (permalink)
 
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Skid View Post
Does anyone know if you can trade right from the charts with the E-micros on Ninja Trader yet?

Yes, micros and any instrument can be traded from NinjaTrader Chart Trader.

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