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Which Eminis Are Worth Trading?
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Which Eminis Are Worth Trading?

  #1 (permalink)
Trading Apprentice
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Which Eminis Are Worth Trading?

Which Emini Futures are worth trading?

There is a lot of info about just focusing on the Emini S&P 500.

But what about the Emini Dow, Emini Nasdaq, Emini Russell...and what about Emini Corn and Emini Soybeans etc., and Emicro EURUSD, and emini Euro Dollar etc.?

Is it that most of these don't have enough money per tick for some people and/or they move too slow, and most people don't want to open a trade and wait a long time for it to go into profit?

But today I opened 4 contracts on the Emini Dow earlier this morning on a $50,700 demo....and I thought I was stopped out right away...so I shut down the trading platform, and went out for the day.

When I came back this evening to my surprise my Emini Dow 4 contracts were still running and the account had gained $15,000 (I had used a large take profit target that was not hit.....)

This made me wonder why not many people are talking about trading Emini Dow or even Emini Nasdaq and Emini Russell etc.....and most seem to have narrowed their trading down to the Emini S&P 500.

Normally is this because most of the above mentioned (except for Emini S&P 500) in normal market conditions just don't move much each day?.

I was new to Futures beginning last week so from my viewpoint there is a ton of movement in most Emini contracts which is why I am wondering why people seem to only talk about the Emini S&P 500.

(Maybe this recent market movement is only because of the global fear of economic slow down so that all the market movement I am seeing in the Emini's is not the norm except for maybe the Emini S&P 500?)

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  #3 (permalink)
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hifromeddie View Post
But today I opened 4 contracts on the Emini Dow earlier this morning on a $50,700 demo....and I thought I was stopped out right away...so I shut down the trading platform, and went out for the day.

For learning the platform it is ok what you do - for trading it is something between irrelevant and harmful.
Harmful, because you form bad habits.

So if you want to trade sim at all, reduce the demo account to the amount that you will have available for real trading.
If this is 50 grands, fine. But be aware: Sim traders are dime a dozen - but only few who succeed outside of demo,
since they neither understand risk nor the psychological factors when you have real skin in the game.

Go on with your present trading style and you will soon find out that what you did didn't have anything to do with skill
but was simply ingnorance of risk. That's what you pay for in real life, because sooner or later the professionals will take
your money. Simple as that.

Said that, the answer to your question: Why do you think, exchanges exist? Why do you think, the different futures exist?

Because there is supply and demand for it. In that sense, any of these assets is "worth trading" if you know what you do. -
And none, if you don't respectively.

Good luck.

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  #5 (permalink)
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You can certainly trade the e-Mini Dow, e-Mini Nasdaq or e-Mini Russell - a lot of traders do it. For other contracts, like the e-Mini Gold, e-Mini Corn or e-Mini Euros, the volume just isn't there, so you are going to pay up when it comes to liquidity (getting into and out of the market). This is because the price difference between the bid and the offer is going to be wider than in more liquid contracts. If you're not sure what I'm referring to, compare the price quotes between the large-size corn contract and the e-Mini corn contract, for example.

As a smart trader once said, sim trading is to real trading like shadow boxing is to real boxing.

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  #6 (permalink)
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Thank you for the advice.

I agree about simulated trading.

I have been trading Forex on and off for 5 years and know the difference live and demo trading.

But in my current Futures platform I am unable to choose a custom funding amount.

It begins at $50,000.

I am thinking when using a live money account maybe 1 contract per $7500 of account balance is ok (in the event that I sometimes trade during overnight hours which begins between Noon - 1pm my time).

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hifromeddie View Post
Thank you for the advice.

I agree about simulated trading.

I have been trading Forex on and off for 5 years and know the difference live and demo trading.

But in my current Futures platform I am unable to choose a custom funding amount.

It begins at $50,000.

I am thinking when using a live money account maybe 1 contract per $7500 of account balance is ok (in the event that I sometimes trade during overnight hours which begins between Noon - 1pm my time).

Size your account balance based on the risk per trade not how much margin you need.

If your stop loss allows you to risk $200 per trade at 1% you need 20k.

This means that you should have as big an account as possible so you don't blow through your cash as quick when you're in your learning phase.

You shouldn't sweat a single bullet about margin at any time if you're trading with manageable risk.

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PeakGrowth View Post
Size your account balance based on the risk per trade not how much margin you need.

If your stop loss allows you to risk $200 per trade at 1% you need 20k.

This means that you should have as big an account as possible so you don't blow through your cash as quick when you're in your learning phase.

You shouldn't sweat a single bullet about margin at any time if you're trading with manageable risk.

When trading the Emini S&P 500 is a 4 point stop loss ($-200) considered small and can get hit very quickly?

One thing I noticed in Forex (maybe it is the same in Futures) is the pro traders know exactly where the small traders are looking to enter such as at certain candle formations or when an indicator is showing a divergence, or at popular support and resistance levels and at Fibo points etc....So when price hits these levels they (pro traders) sometimes push price through these areas thus making all technical analysis useless, so that small stop losses almost always get hit...And then the market reverses and goes the way the small trader was initially hoping before they were stopped out. It does nto happen during every trade setup, but seems to happen often during busier trading hours (not including news releases or unexpected economic events).

But during slower hours when pro traders are not around as much does technical analysis seems to work better, and there are fewer false breakouts (as long as there isn't a major news release)?

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  #9 (permalink)
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hifromeddie View Post
When trading the Emini S&P 500 is a 4 point stop loss ($-200) considered small and can get hit very quickly?

One thing I noticed in Forex (maybe it is the same in Futures) is the pro traders know exactly where the small traders are looking to enter such as at certain candle formations or when an indicator is showing a divergence, or at popular support and resistance levels and at Fibo points etc....So when price hits these levels they (pro traders) sometimes push price through these areas thus making all technical analysis useless, so that small stop losses almost always get hit...And then the market reverses and goes the way the small trader was initially hoping before they were stopped out. It does nto happen during every trade setup, but seems to happen often during busier trading hours (not including news releases or unexpected economic events).

But during slower hours when pro traders are not around as much does technical analysis seems to work better, and there are fewer false breakouts (as long as there isn't a major news release)?

You should exit when the market proves your hypothesis wrong, not via an arbitrary pain point - surf the forums a bit you'll find more info on that.

The same thing happens in futures, but you already know what happens so why not take advantage of it? Go long 1 lot, then if the level gets gamed and comes back, go long another lot. If it doesn't come back and it's not a fakeout, close the position. You can also use a wider stop so you don't get gamed if you only trade 1 lot. Or you can wait till the fakeout comes back and then go long. If you know the issue then don't fall for it, use it to your advantage.

Technical analysis isn't useless, it's how you interpret it that matters.

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  #10 (permalink)
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It really depends on your preference for volatility, and how large and frequently you trade. If you like volatility trade the thinner markets. If you are a scalper you wont be able to scalp the NQ with 100 contracts, but you should be fine doing that size with the ES during the US session. And if you trade very large size then ES is your best bet. But I think this is a problem we would all like to have.

Understanding yourself is just as important as understanding markets.
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