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



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


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one SMCJB with 27 posts (77 thanks)
    2. looks_two bob7123 with 23 posts (35 thanks)
    3. looks_3 Rrrracer with 17 posts (51 thanks)
    4. looks_4 mattz with 17 posts (46 thanks)
      Best Posters
    1. looks_one FuturesTrader71 with 7.5 thanks per post
    2. looks_two Big Mike with 4.2 thanks per post
    3. looks_3 Rrrracer with 3 thanks per post
    4. looks_4 SMCJB with 2.9 thanks per post
    1. trending_up 114,774 views
    2. thumb_up 944 thanks given
    3. group 165 followers
    1. forum 486 posts
    2. attach_file 30 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

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

(login for full post details)
  #1 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,138 since Jun 2009
Thanks: 32,638 given, 98,939 received

For those that missed the AMA session with FT71 today:



It was discussed that there is a Micro ES contract (E-Micro) "coming soon" by the CME. The ES is the e-mini of the full sized SP contract, trading at 1/5th value, and it is thought the Micro ES will trade at 1/5th the size of the ES.

I have been advocating the use of Micro CME FX contracts such as the M6E for a couple of years now for a way to traders to cut their teeth but still maintain fully regulated and centralized trading on the futures market, but without the more expensive $12.50/tick price.

Hopefully the Micro ES will see more liquidity than the M6E variant of the 6E EUR/USD.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
2022 CME Group Market Data Fees Increase
Traders Hideout
Displaying Individual order entry bars for multiple Brac …
NinjaTrader
Looking for combined bar type (UniRenko with HeikinAshi) NT8
NinjaTrader
What parameter responsible for Equity curve shape in Opt …
MultiCharts
Bookmap replay files
Platforms and Indicators
 
 
(login for full post details)
  #3 (permalink)
 COTtrader 
Market Wizard
Taipei, Taiwan
 
Experience: Intermediate
Platform: TS and Trading View
Broker: TS
Trading: ES Awesome!
 
COTtrader's Avatar
 
Posts: 897 since Jul 2009
Thanks: 400 given, 599 received


I assume some brokers would allow one to hedge the ES over against the new micro ES.

Ken

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to COTtrader for this post:
 
(login for full post details)
  #4 (permalink)
 torroray 
Malaysia
 
Experience: Beginner
Platform: Multichart DT
Broker: MB Trading
Trading: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 61 received


Big Mike View Post
For those that missed the AMA session with FT71 today:



It was discussed that there is a Micro ES contract (E-Micro) "coming soon" by the CME. The ES is the e-mini of the full sized SP contract, trading at 1/5th value, and it is thought the Micro ES will trade at 1/5th the size of the ES.

I have been advocating the use of Micro CME FX contracts such as the M6E for a couple of years now for a way to traders to cut their teeth but still maintain fully regulated and centralized trading on the futures market, but without the more expensive $12.50/tick price.

Hopefully the Micro ES will see more liquidity than the M6E variant of the 6E EUR/USD.

Mike

I hope it wont face the same fate as M6E and will attract those trading spot FX and CFD.

Reply With Quote
The following 2 users say Thank You to torroray for this post:
 
(login for full post details)
  #5 (permalink)
 DarkPoolTrading 
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,322 received

This is great news. The only concern as others have pointed out is liquidity.

Since the ES is such a massively liquid instrument that 'everyone' wants to trade. Perhaps the mini version will be attractive.

It does however take time for mini's to gain popularity. Sometimes years. In South Africa we have the ALSI which is the most highly traded index future and tracks the top40 companies. The mini of the ALSI is one 10th the size, the ALMI. For many years the ALMI wasn't really tradable, there just wasn't enough volume. But it has been getting better consistently year on year.

Personally I dont know why mini's aren't more popular. I think they're great.

Diversification is the only free lunch
Follow me on Twitter Reply With Quote
The following 2 users say Thank You to DarkPoolTrading for this post:
 
(login for full post details)
  #6 (permalink)
 Cogito ergo sum 
Amsterdam
 
Experience: None
Platform: Metro|Vela, Bantix, BBG
Trading: Derivatives
 
Cogito ergo sum's Avatar
 
Posts: 190 since Jul 2010
Thanks: 223 given, 211 received

Personally I look forward to trading this instrument for various reasons, namely: hedging, arbitrage, and directional plays. I think the volume will come in time considering the popularity of the regular ES contracts.

Reply With Quote
The following user says Thank You to Cogito ergo sum for this post:
 
(login for full post details)
  #7 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 840 received

The other micros are day trading failures because of the lousy commission and margin structure, but I think the ES is big enough to pull it off. Probably only good for building discipline and not your account though. It will be interesting to see.

Reply With Quote
The following 3 users say Thank You to vegasfoster for this post:
 
(login for full post details)
  #8 (permalink)
 torroray 
Malaysia
 
Experience: Beginner
Platform: Multichart DT
Broker: MB Trading
Trading: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 61 received

I really hope HFT and bot do their bit to liquidity and volatility.

Reply With Quote
The following user says Thank You to torroray for this post:
 
(login for full post details)
  #9 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,138 since Jun 2009
Thanks: 32,638 given, 98,939 received


vegasfoster View Post
The other micros are day trading failures because of the lousy commission and margin structure, but I think the ES is big enough to pull it off. Probably only good for building discipline and not your account though. It will be interesting to see.

Yes the M6E is inferior to 6E in terms of trade costs. But trade costs should be near the bottom of the list for a beginner who is likely to lose 50% of their account in a matter of weeks due to rookie mistakes.

I like the micro's for recommending them to beginners to gain their footing before they move up to the bigger contracts. Of course it's always a battle, because the rookie's are also constantly trying to find the lowest margin, lowest commission brokers --- the ones least likely to give you the best service or advice and most likely to have the highest turnover. So it's a process of educating them.

But if we can get the Micro ES then I think it will be a great learning tool and will help save a lot of rookies from some big losses.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 8 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #10 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 840 received



Big Mike View Post
Yes the M6E is inferior to 6E in terms of trade costs. But trade costs should be near the bottom of the list for a beginner who is likely to lose 50% of their account in a matter of weeks due to rookie mistakes.

I like the micro's for recommending them to beginners to gain their footing before they move up to the bigger contracts. Of course it's always a battle, because the rookie's are also constantly trying to find the lowest margin, lowest commission brokers --- the ones least likely to give you the best service or advice and most likely to have the highest turnover. So it's a process of educating them.

But if we can get the Micro ES then I think it will be a great learning tool and will help save a lot of rookies from some big losses.

Mike

Agreed, good for new people, but you will reach a point where you would like to be able trade the equivalent of 1 to 2 full contracts broken down into 3-6 units, so IMO it's no good for providing a comfortable transition to trading multiple full contracts.

Reply With Quote
The following user says Thank You to vegasfoster for this post:


futures io Trading Community Traders Hideout Emini and Emicro Index > Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros


Last Updated on August 28, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts