Dow based instrument cheaper than YM?

A

abe12345

Hello. I currently trade YM, but do not want to risk more than $50 a trade, which is difficult to do in these volatile times. Are there any Dow based instruments that will allow me to trade with wider stops but risk $50 per trade. I looked into DIA but I don't have the required 25K to daytrade it.
 
Quote from abe12345:

Hello. I currently trade YM, but do not want to risk more than $50 a trade, which is difficult to do in these volatile times. Are there any Dow based instruments that will allow me to trade with wider stops but risk $50 per trade. I looked into DIA but I don't have the required 25K to daytrade it.
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you should stay out of the market, get a job, save money, reserve 10k out of your savings that you can trade, and give it a go.
you're wasting your time
 
I think you're allowed one or two trades per day with less than $25,000. Why don't you just pick the best setup you see each day and only trade it? If you want to trade more than once per day, use a simulator, IB has a really good one.
 
Quote from Sam Mcgee:

I think you're allowed one or two trades per day with less than $25,000. Why don't you just pick the best setup you see each day and only trade it? If you want to trade more than once per day, use a simulator, IB has a really good one.
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Thanks. If single stock futures are not a good alternative I may do that. :)
 
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