Anyone trade micro emini futures?

[Real Money]

too bad they are expensive to trade....

Expensive to trade?
$1 or so per contract is expensive? The equivalent of a tick or two...

Micro yield futures are quoted 4-6 ticks wide, unless you're talking about the tens.

VEGAS is actually right. I was looking for exposure to the long bond with controllable fucking risk, and the micro just doesn't deliver. You can make it work with rate spreads, but even then the risks are crazy. Started using TLT as a proxy to trade the back of the curve, but there are leveraged ETF that do it better, e.g. TMF.

 

[VEGASDESERT]

Expensive to trade?

$1 or so per contract is expensive? The equivalent of a tick or two.

Oh I see they're not "commission-free" wink, wink.

you do get you're paying the equivalent of 10.00 bucks per round trip for ES right?

 

[SunTrader]

Micro yield futures are quoted 4-6 ticks wide, unless you're talking about the tens.

VEGAS is actually right. I was looking for exposure to the long bond with controllable fucking risk, and the micro just doesn't deliver. You can make it work with rate spreads, but even then the risks are crazy. Started using TLT as a proxy to trade the back of the curve, but there are leveraged ETF that do it better, e.g. TMF.

3.851-bid 3.853-ask just now.

Anyway micro yield futures aren't the the only micro futures. In fact they represent, my guess, about 1% of the total volume.

So no Vegasdesert is not right.

 

[SunTrader]

you do get you're paying the equivalent of 10.00 bucks per round trip for ES right?

No I don't. MES tick is $1.25 almost equivalent to comish/fees

But I don't trade for 1, 2, 3 ticks. I trade for points.

 

[Laissez Faire]

too bad they are expensive to trade

you're better off trading etf's, cheaper and more granular with
risk.

but yeah i get it, most of you dont have 25k.

MES is good for swing trading and intraday swing trades, but less attractive for scalping due to the commission structure.

1 ES = 10 MES

All in rates for ES = 2.04

All in rates for equivalent MES = 0.56 x 10 = 5,60

So, in comparison, the cost of trading MES is considerably higher. But unless you're scalping for ticks it's still worth your while in my book.

 

[Real Money]

3.851-bid 3.853-ask just now.
Anyway micro yield futures aren't the the only micro futures. In fact they represent, my guess, about 1% of the total volume.
So no Vegasdesert is not right.

You're just wrong. The Nov contract is quoted wide AND thin, and Dec is even worse.

Too lazy to derive equivalent notional for comps, but with 3X daily moves, there's enough juice in the shares to compete, easily. Only drawback is you can't trade outside of RTH and potentially messy hedging.

 

[SunTrader]

You're just wrong. The Nov contract is quoted wide AND thin, and Dec is even worse.
View attachment 299237
Too lazy to derive equivalent notional for comps, but with 3X daily moves, there's enough juice in the shares to compete, easily. Only drawback is you can't trade outside of RTH and potentially messy hedging.

Again right now:-

3.853-bid 3.855-ask

I can do this all day - regular RTH session. Of course Globex is different. The friggen contract trade 2 or 3 thousand a day. What do you expect?

Again 10Y is not ES or NQ or YM or RTY or any number of commodities.

Won't change your mind so let's move on.

updated to 3.863 vs 3.865

 

[Poljot]

I trade them in the financial markets but interactive brokers also supposedly has micro oil and other markets. The problem is, I am unable to get a quote for them in tws. I like big and relatively slow moving markets https://www.interactivebrokers.com/en/index.php?f=47137#micro-wti-crude-content

Hi,

Best to go directly to the exchange listing them which is CME.
Below is the list of all symbols which you can input in tws:

https://www.cmegroup.com/markets/microsuite.html#contact

Currencies are less volatile then equities and oil.

 

[syswizard]

Expensive to trade?
$1 or so per contract is expensive? The equivalent of a tick or two.

They are 150-200% higher in commish+fees than the large contracts.
Brokers love 'em !!!

 

[SunTrader]

They are 150-200% higher in commish+fees than the large contracts.
Brokers love 'em !!!

Brokers love them because it brings "more people to the dance".

Haters are mostly newbies that try to scalp for ticks. Otherwise commish are no biggie if you get points. Come on, 1 ES (micro point of $5) more than offsets R/T trading cost. 150-200% higher is nonsense way to look at it.