How different is trading index etf (SPY) against SP ES-Mini ?

Quote from ctarmor-et:

I am use to analyzing and trading SPY etfs. I am tempted to move into SP ES-Mini trading.

For those experienced traders....How diffcult is to make the transiton to SP ES trading from trading/analyzing SPYs ?
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Look into ER. IMO, much easier to trade than ES, with more opportunities.

Good luck.
 
Biggest differences are leverage and taxation.

It's more reasonable to start in SPY and as you become consistently profitable make the transition to ES.

Susana
 
Do you have the temperment to watch your p&l swing like a monkey on a tree in a matter of seconds? If not, stick with SPY. ES is like SPY on rocket fuel and steroids.
 
Thanks for all you responses.

I ran some analysis on my style of trading and came up that 500 shares of SPY = 1 ES mini. The main reason I wanted to find this diff is becasue my starting style is with 500 shres anyway.

One big difference is that with SPY I can get out on penny increments, where with ES I have to suffer .25 ($12.50) move (from what I read on the contract spec)

I suspect the ES liquidity is as good as SPY so slippage should be minimal ....

I am liking the futures becasue is less regualted and I do not have to get a series 7 for levelrage ! .....

As long as liquidity is there my current SPY/SPX tech analysis should still work with ES ...

Thanks again ....
 
Quote from brownsfan019:

:confused:

I suggest you keep learning about the futures markets before putting real money at risk.
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Thanks .. that was I been doing the past few weeks .. a different beast ...

Any good books you recommend ?
 
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