E-mini S&P500 alternative = SPY?

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SPT

SPT

Hello

is SPY stock version of E-mini S&P500? If so does it move almost identically?

If SPY isn't, which stock version moves identically as E-mini S&P500?

I am looking to trade SPY by looking at E-mini S&P500 chart and dom.

How much is 4 ticks of ES equal to SPY? Is it 0.04?

During first 2 hours of new york open, how many shares get traded at each 0.01 (1 tick)?

Thanks!
 
I think your main issue with comparing is that a tick in the ES is .25 cents while in SPY their is no minimum "tick", it can trade at any value. The DOM's aren't comparable.
 
SPT said:
Hello

is SPY stock version of E-mini S&P500? If so does it move almost identically?

If SPY isn't, which stock version moves identically as E-mini S&P500?

I am looking to trade SPY by looking at E-mini S&P500 chart and dom.

How much is 4 ticks of ES equal to SPY? Is it 0.04?

During first 2 hours of new york open, how many shares get traded at each 0.01 (1 tick)?

Thanks!
More...


SPT,

It is relative to the cash SP 500 Index-SPX

ES=50X
SPY=10X

Ratio is 5:1 You need to buy 500 shares of SPY to equal 1 ES
 
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SPY is inferior to ES because it's an ETF and has less liquidity. ES has over 10x the $-volume traded per day. And ES is almost 24 hrs trading...
 
SPT said:
Hello

is SPY stock version of E-mini S&P500? If so does it move almost identically?

If SPY isn't, which stock version moves identically as E-mini S&P500?

I am looking to trade SPY by looking at E-mini S&P500 chart and dom.

How much is 4 ticks of ES equal to SPY? Is it 0.04?

During first 2 hours of new york open, how many shares get traded at each 0.01 (1 tick)?

Thanks!
More...

If you're planning to try to scalp the SPY by using ES data/charts, I doubt that will work. If you want to trade the SPY, get some real-time data for it.
 
JackRab said:
SPY is inferior to ES because it's an ETF and has less liquidity. ES has over 10x the $-volume traded per day. And ES is almost 24 hrs trading...
More...

I already maxed out on how much I can trade with E-mini S&P500 without slippage and causing enormous profit target contract size on DOM. So I am thinking perhaps I can trade SPY on top of E-mini S&P500 for more contracts (shares). My plan was to whenever I go long on ES with bracket order (OCO). I can maybe do the same with SPY. In order to know what profit target and stoploss to put, that is the purpose of this thread.
 
Scataphagos said:
If you're planning to try to scalp the SPY by using ES data/charts, I doubt that will work. If you want to trade the SPY, get some real-time data for it.
More...

I wouldn't have time to look at SPY chart or DOM because I will be glued to ES DOM. Maybe doing SPY on top of ES is a bad idea. Not so sure. I am signing up for stock trading platform demo from many brokers.
 
Heavy hitter!
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