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The CME challenge felt like a fun crazy free-for-all. It was 24 hours a day for 5 days. And there was lots of volatility that week. The contest did not foster safe trading principals at all (and I told the CME as much afterwards!), but created a frenzy. There were no commissions and no...

Thanks for the thoughtful post. Indeed the market is highly volatile right now. And I may need to scale to 1% or 1/2% or just "2 ticks" average per day! But at least now with the Micros, I now have a tool in my tool box I didn't have before. I agree with you that the emotional side of...

Hmmm. Maybe so. Any suggestions for me?

YEP, the fees are twice as high! But my whole premise is that this is just a lower-risk training ground and simply a foot in the door on the way to a $10k account capable of safely handling a couple emini contracts. You still have to have good trades and manage your risk properly, and this is...

As mentioned in my introductory post, I came in 13th out of 1,400 traders in a contest of those who traded the Micro E-mini contracts for a full week on the official CME sim platform. While I admit that this leader board placement certainly guarantees NOTHING about my success going forward, I...

I haven't tried. My life turned upside down when I had to start wearing glasses for the first time 4 years ago. I read fewer books and and my tiny phone screen looks like a postage stamp.

Assuming for a moment that I actually can get to $10k on the micros, having a 10k account and trading just one or two eminis is the exact same proportion as $1000 with a 1/10th sized micro. So I should be able to keep going without missing a beat. But I do like your idea of pulling out the...

I am not sure. But they are good with the customer service.

Expensive but doable, yes. But after blowing up several dozen small balance accounts over 13 years of trading, I finally got it through my thick head that something was wrong. And I appreciate your comment about "a fun idea." I think this is actually the key to success in trading...

I have reached the 2% goal for many days now, but I wanted to help other struggling traders by formalizing and publicizing the effort. And you are right, the volatility is so crazy right now. But the "easy to accomplish" part is probably NOT readily embraced by all who read this. It...

Please explain more. Are you saying I should try for 3% average? LOL

For me, the best broker for the micros is the cheapest one! What is so strange to me is that the Round Trip costs vary significantly among brokers. Gain/OEC is still over $2.00, but Ninja is about $.82 and AMP is $.78.

I will explain my trading plan soon in another post, but will start out with just 2 micro contracts and build from there as my account grows. I think I will require a $500 margin per micro contract, so I will trade 3 simultaneous micro contracts only after I reach a balance of $1500, and so forth.

$.78 per Round Trip, all-in.

Actually, I will need to shoot for 3% or more on winning days to average 2% over the 6 months. I want to reach 2% AVERAGE ROI for each day, week, and month. I will post a spreadsheet each week showing my daily net profits and keep track of the average percent gain.

CORRECT. Compounding is the only way to reach the $10,000. So I will target an average net profit of 2% of the beginning balance each day. I think this is can be done if I don't allow my bad trades to knock me too far off track. (i.e. holding on to losers). If I take my losses quickly and...

Glad to hear it. I have never had the ability to try true scaling on a live account before. I have been merely a "scared trader" who has (fortunately) done well with one contract at a time. My winning ratio is about 90%. But I miss a lot of big moves. With one position, there are no runners!

I loved the way you said "casual trading experience." I think this is the key to successful trading across all markets. I know a few really successful traders, and they often say "so what if my stop gets hit; it is just a game. You win some and you lose some. Overall, I know I will win, but...

SUMMARY: For the next 6 months, I am going to try to earn 2% per day using the new CME Micro E-mini contracts. My goal is to safely grow a small $1,000 live account up to $10,000. I propose that "the micros" are the way to go for all new traders and those that have small accounts. Using the...

How would this work if I needed technical support? Would I have to impersonate you each time I had a request? Or are they willing to change the name on the account?