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Micro ES SP500 contract "coming" (E-Micro)
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Micro ES SP500 contract "coming" (E-Micro)

  #11 (permalink)
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vegasfoster View Post
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.

Agreed. There will be a similar conversion table like oil:

https://futures.io/commodities-futures-trading/1303-cl-crude-oil-futures-contrac...-size-value-margins.html

At some point the beginner, assuming they have a positive expectancy of course, should move to the e-mini.

Mike

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  #12 (permalink)
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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.

This, the equivalent to mini-options no thanks. Good for brokers not for traders

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  #13 (permalink)
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blb014 View Post
This, the equivalent to mini-options no thanks. Good for brokers not for traders

Again, it is meant for a beginner as a way to lower risk. Once you have a positive expectancy and are trading 5 micro lots then clearly you should transition to minis.

Focusing only on commission as a beginner is a mistake.

Sent from my LG Optimus G Pro

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  #14 (permalink)
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torroray View Post
I really hope HFT and bot do their bit to liquidity and volatility.

You beat me to the punch on that one. Anybody here WRITING algos?!

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  #15 (permalink)
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YM futures contract would not be an alternative for beginners?

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  #16 (permalink)
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Felix trader View Post
YM futures contract would not be an alternative for beginners?

YM is good, but still too big for micro accounts (i.e. $5K). This will bridge the gap. More importantly it will allow smaller accounts to scale in/out.

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  #17 (permalink)
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Felix trader View Post
YM futures contract would not be an alternative for beginners?

Yes it is better. You can see a full breakdown here:

https://futures.io/webinars/jan14_2012/where_to_start_part_1/

But a micro ES would be even better.

Mike

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  #18 (permalink)
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New poll posted on this subject

Would you trade an E-Micro version of the SP500 that traded at 1/5th the size of the "ES", if there was sufficient liquidity?

Total votes: 335
 


Mike

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  #19 (permalink)
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Big Mike View Post
Yes it is better. You can see a full breakdown here:

https://futures.io/webinars/jan14_2012/where_to_start_part_1/

But a micro ES would be even better.

Mike

I know I need to watch the webinar, so pardon me if I am jumping the gun, but has anyone ever put together a chart/spreadsheet that ranks contracts from "beginner friendly" to "you better work for a hedge fund"??

I suppose one could look at the ATR*($ per point) and rank contracts that way, but then again liquidity and other factors might come into play that would skew the results. (Not planning on trading lumber anytime soon.)

I may be dreaming, but still, if anyone has anything like this I (and I bet others) would love to see it.

Thanks,
-Bob

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  #20 (permalink)
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I could see the benefits of incorporating the micro ES into a more cost efficient and risk adverse option in a long-short strategy with stocks. Outside of hedging, I'd rather live on market speed or momentum if you will. I appreciate where this is going - the whole increase the time-frame and decrease the risk, but I'd feel more inclined if the commission were 1/5th the size.

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