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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

  #121 (permalink)
 
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 MiniP 
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wldman View Post
I have no idea what margin req is for a one lot ES. Last time I had a margin call was Mid Sept 2001 when the Fed did that intraday surprise rate cut.

No offense to anyone, but if one of your questions for a broker is what is your minimum margin intraday or over nite on a one lot you should not be trading futures. Unless the answer you are seeking is a high number because you like your deposit well protected...but in that case you know not to ask.



Was asking out of curiosity not necessity. Cause I can see these being pushed like forex "trade today for $50 dollars down " but it will be added liquidity oh well.

-P


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  #122 (permalink)
 
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I'm curious to see how all of this pans out 3/6/12 months from now... watching with interest

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  #123 (permalink)
 
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 wldman 
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MiniP View Post
Was asking out of curiosity not necessity. Cause I can see these being pushed like forex "trade today for $50 dollars down " but it will be added liquidity oh well.

-P


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  #124 (permalink)
Schultz15
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Hmmm...we may have NADEX to thank for this rather sudden new CME micro product launch. In January, NADEX added weekly expiring "touch bracket" products for the stock indexes. These were designed to mimic the futures pricing within a bracketed price range. I have been following them and they seem to be trading with a decent spread/liquidity. Guess CME decided there was some business there.

The new CME micros may prove to be popular. Aside from aspiring futures traders, these contracts are small enough to appeal to the retail investing crowd. Why mess with the long/short etfs when you can trade these instead and get:
- 24/5 market access
- No PTD rules
- Avoid those pesky wash sale calculations
- Take advantage of the 60/40 capital gains rate

Expect the big brokerage houses like Schwab and TDA will begin to market these to their customers in the coming months.

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  #125 (permalink)
 
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Schultz15 View Post
Hmmm...we may have NADEX to thank for this rather sudden new CME micro product launch. In January, NADEX added weekly expiring "touch bracket" products for the stock indexes. These were designed to mimic the futures pricing within a bracketed price range. I have been following them and they seem to be trading with a decent spread/liquidity. Guess CME decided there was some business there.

The new CME micros may prove to be popular. Aside from aspiring futures traders, these contracts are small enough to appeal to the retail investing crowd. Why mess with the long/short etfs when you can trade these instead and get:
- 24/5 market access
- No PTD rules
- Avoid those pesky wash sale calculations
- Take advantage of the 60/40 capital gains rate

Expect the big brokerage houses like Schwab and TDA will begin to market these to their customers in the coming months.

You make excellent points which in turn make me fear increased regulation, as well. Hopefully, they hit the sweet spot of popular but not too popular.

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  #126 (permalink)
 tpredictor 
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The forthcoming new Small Exchange might be another reason. Tastyworks is offering to pay the $100 fee for new accounts ( I took advantage of it). I am not sure how this will compare to NADEX or the Micros but glad to see more possibilities for small trader:

https://www.thesmallexchange.com/


Quoting 
The Small Exchange has been formed to create a futures exchange to facilitate the trading of Exchange-created proprietary products for all types of market participants including, but not limited to, market makers/liquidity providers, IBs, FCMs, proprietary trading firms and hedge funds, all with a primary focus on the public retail customer.


Quoting 
Donnie Roberts, who has over 20 years of experience in the financial space, is the CEO of the Small Exchange. He was a founding employee and principal of the award-wining brokerage firm thinkorswim, and he's the former President and COO of TD Ameritrade's Futures & Forex division


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  #127 (permalink)
 
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tpredictor View Post
The forthcoming new Small Exchange might be another reason. Tastyworks is offering to pay the $100 fee for new accounts ( I took advantage of it). I am not sure how this will compare to NADEX or the Micros but glad to see more possibilities for small trader:

https://www.thesmallexchange.com/


Very interesting, and great to see more options becoming available to prospective futures traders. I trade M6E... as someone who started out a couple years ago knowing absolutely nothing, and having blown three live accounts, I'm pretty pleased to say I've only burnt about $6K in the process of learning a metric shit tonne

That does not include FIO elite membership, which has been invaluable of course

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  #128 (permalink)
 
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MessageOfTheTape View Post
Just to ensure I understood you correctly. You're basically saying to trade the Micro, or in your example the Emini Crude Oil, "blind"? Is that correct, watch the CL both in terms of Order flow, Charts, T&S, whatever your tools are but place your orders in the QM?

That is correct.Liquidity is low on qm , so expect that.I suspect liquidity on es micros will be much better

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  #129 (permalink)
 
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 bob7123 
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I think I have a slightly different perspective...

As a trader of CFDs, I view the wider spread, slippage, commissions etc. as an asset, not a liability.

My plan is to "graduate" to regular E-minis, which are more efficient, but have larger size. When I get there and my monkey brain starts pinging due to the larger size, I can always tell myself I was able to obtain a positive expectancy with instruments which were harder to get that with.

Maybe I'm nuts, but we'll see. Mean time, wining and losing dinner and a movie is a lot less stressful than betting the farm, and I can dial in my risk finely. If I want to trade 37/100ths of a contract, I can.

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  #130 (permalink)
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tpredictor View Post
The forthcoming new Small Exchange might be another reason. Tastyworks is offering to pay the $100 fee for new accounts ( I took advantage of it). I am not sure how this will compare to NADEX or the Micros but glad to see more possibilities for small trader:

https://www.thesmallexchange.com/

I think you are right. This new exchange seems to have lots of notable backers. Website is pretty vague on the details though. Found some additional info on CQG.

CQG Partners with the [AUTOLINK]Small Exchange[/AUTOLINK], Enhancing Futures Accessibility for Market Participants Worldwide | [AUTOLINK]CQG[/AUTOLINK] News

According to the press release, Small Exchange will initially offer "five cash-settled contracts based on proprietary indices in equities, interest rates, metals, energy, and foreign exchange." The FX offering sounds like a new Dollar Index. That will be cool. Not sure what proprietary indexes in metals and energy would look like. Guess they will be a blend of the individual commodities in the sector, like they do with the DB commodity indexes. Interesting idea but will Futures traders be interested? The Bloomberg Commodity Index on CME has never gained much of a following. Personally, I'd rather just trade the individual commodities.

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