Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
If you have a tiny account you'd be very well advised to trade mes. The higher fees are just a cost of admission when you're a small retail trader.
In March 2020 I traded mes on a not so tiny account because the daily moves in the equities were gigantic. I typically risk 20 points per contract in es, back then 20 points was just a speed bump to the market. I went to multiple mes contracts at 50 points per, same risk, but could stay in a trade much longer.
MES is a necessity if you're a small retail trader. Risk management is the number 1 priority.
Cause I was risking 50 points per contract per trade in mes rather than 20 points per contract per trade in es. Two and a half times more risk. MES is 1/10 the size of ES so I just figured out how many more mes contracts I could take on but still keep the actual dollar amount of risk the same. It's just position sizing math.
There was a day in March 2020 (or maybe April) where I was trading es with a 20 point risk and I got stopped out in like 90 seconds. It was absurd. ES was practically untradeable back then because of the volatility and lack of liquidity. After that I said fuck that noise and went to mes for a few weeks until things calmed down.