ok thanks. its trading right this second? what is the $10 one?
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how many different symbols to trade dow jones index? indu,ym,dd. what r differences?
- Thread starter johnpalley
- Start date
ok thanks. its trading right this second? what is the $10 one?
Quote from johnpalley:
ok thanks. its trading right this second? what is the $10 one?
this is the 10 car. Go here to see all 3 dow30 contracts.
http://individuals.interactivebrokers.com/en/accounts/margin.php?ib_entity=llc
thanks rcj! i finally figured it out. indu is the $10 one and its not electronicly traded during the day. ok got it. i appreciate itQuote from rcj:
this is the 10 car. Go here to see all 3 dow30 contracts.
http://individuals.interactivebrokers.com/en/accounts/margin.php?ib_entity=llc
id just like to thank everyone in this thread for the help.
Quote from trading_time:
The mini index are the electronically traded with high volumes. YM $5 is what you want... the DD $25 doesn't have the volume for you to get in and out of the trade. If $5 dollars a point in YM does not sound like enough for you then buy 10 contracts. Now $50 a point.. still not enough then buy 100 contracts now $500 a point.
Good Luck.
Hello trading_time:
Can the YM handle 100 contracts at a time day trading without massive slippage ?
Quote from johnpalley:
i am a beginner at this and know very little about trading futures. i want to trade the dow jones futures but theres so many different symbols. the symbols i know of are-
indu-dow jones industrial ave (nyse)
ym-mini sized dow jones industrial ave
dd- big sized dow jones $25 (ecbot)
i dont know how to decide which one to choose? are there also more of them? i know the mini is the most popular but i understand that i can make more money from the indu because 1 contract makes you 25$ a point and the mini only makes you $5 a point. can someone please help me understand the differences between all these? can someone also please tell me what symbol is the actual index that you see on cnbc every day? i can trade that right? thanks for your time
You can also trade Dow Jones by the etf DIA
thanks! ive come to the conclusion that the mini is the best for me to trade if im gonna hold it short term maybe like up to a few weeks because theres alot of volume and its more safe. but for betting on the dow long term i think the dd would definitely be the best option. if it was last march right now and the dow was at the lowest since 1996 then i would get a bunch of dd contracts and sit on it long term.Quote from M Jared:
You can also trade Dow Jones by the etf DIA
Last time I looked at DD it didn't have the volume to execute any orders - if you did get one in there getting out is another matter in itself. You can hold YM contracts till expiration and roll them over if needed.
Quote from johnpalley:
thanks! ive come to the conclusion that the mini is the best for me to trade if im gonna hold it short term maybe like up to a few weeks because theres alot of volume and its more safe. but for betting on the dow long term i think the dd would definitely be the best option. if it was last march right now and the dow was at the lowest since 1996 then i would get a bunch of dd contracts and sit on it long term.