Micro Futures Traders

[buttermarket]

with the NQ,,if your account is less than $10,000
your cannot trade it with out STOPs okay. i mean. each NQ is 20 now the market is 9400 now if the market drops 100 points which is less than 1% and you have no stops, you just lost $2000 GRANDE.

when the NQ was 2000 a 1% only 20 points.

now you see when the micro NQ was created in MNQ or micro futures on 2019.

you have brokers telling people to open accounts with less than $5000 and trading the NQ is rediclous it's get whipped without stops. even .5% is whipped. the NQ moves like 20 points in minutees that $400 or 4% of a 10,000 account.
for small traders don't trade the NQ or ES futures the market is too expensive to trade it. for ONE contract.

as for the QQQ spread is like 100 shares and peanuts during intraday. small traders cannot daytrade the futures. without micro futures for the NQ or ES

is the CME going to have micro for other commodities. not enough interest from small traders.
with futures always have stops.

 

[Robert Morse]

I attached a current list of CME Micro Futures. We offer futures accounts with $10,000 or more to start. https://www.lightspeed.com/trading/futures/

 

[Turveyd]

You've with 5K get a good start to bump the account, few bad trades and all gone.

Thankfully I've been trading via Spot ( Tax free in the UK ) I can trade it down to $1 per pt.

Stops aren't all there cracked upto be, not to bad with NQ but I stopped trading YM, 50pt spike through the SL and massive slippage was a frequent occurance these days.

YM 16:12 GMT 70pt spike down on the chart, same time NQ didn't move at all, on a nice up trend aswell, +50pts turned to -25 pts instantly LOL

 

[Overnight]

with the NQ,,if your account is less than $10,000
your cannot trade it with out STOPs okay. i mean. each NQ is 20 now the market is 9400 now if the market drops 100 points which is less than 1% and you have no stops, you just lost $2000 GRANDE.

It is just a matter of scale. To wit...

You can see my entry on the left from yesterday's RTH open (oops), and where we are now. This is a swing trade without a stop. The only "stop" would be the LTD of the contract, which will be March 21st. Of course, you'd want to be out on March 20th for liquidity reasons.

If I had 10 times the account equity, I'd be on the mini on this trade. It is all proportional.

...
you have brokers telling people to open accounts with less than $5000 and trading the NQ is rediclous it's get whipped without stops. even .5% is whipped. the NQ moves like 20 points in minutees that $400 or 4% of a 10,000 account.
for small traders don't trade the NQ or ES futures the market is too expensive to trade it. for ONE contract.

I agree in that back in the day at least from when I started in 2014, the markets did not move on a daily basis the way they do now. You can hear it in the voices of the ES traders..."Man, I love this volatility!" I compare that to what they suffered when the thing ranged 4 points a day. So I think there is still the momentum of brokers enticing people into trading the minis like it was years ago where there simply wasn't this much range amplitude on an intraday basis, and I think it is a mistake.

is the CME going to have micro for other commodities. not enough interest from small traders.
with futures always have stops.

Again with the stop thing. Yeah, that kept me out of the market with my old method of swinging, because it seemed like every day we were going to see a 10% drop during the trade wars and the battle between Trump and the Fed. Mreh.

As for the micros? Well, aside from the new Micro Equities, we also have micro gold, some micro FX futures and a micro Nifty. (MNF, never looked at it.) Micro CL was tried like 10 years ago but failed and was dropped. There's been a petition going around now asking for them to re-launch the MCL, so maybe sign it? Heh.

 

[vanv0029]

I do not think there will be a Micro CL because
for some reason exchanges want a large crude
bid/ask spread. The half size YM has a 2.5 cent
or $12.50 spread that is more than the $10 CL
spread. The $25 round turn spread makes it hard
for less skilled traders (me) to make money. I have
been trading weekly crude future option spreads
where one usually only needs to pay one bid/ask
spread and small deltas are possible. Although,
commissions are higher.

 

[buttermarket]

The reason no micro CL is the QM is sufficient for trading. they can go lower like 1/4 the size of CL

there isn't much demand for trading oil for small traders and not worth the effort the time to register and set the symbols up. technically it's easy to list it. micro futures contracts.
it's the SEC regulations that is the problem or something and cost of have a symbol traded. overhead cost and the volume has to justify the cost of the contract.

brokers need to either promote it more. trading ES and NQ is too big and volatile for small traders. less traders less volume and less commissions. the exchange is about making commisions and fees. and nothing more. the quality of the contracts or instruments is regulated by the SEC or finra. or futures commission.
trading is an industry and still a business. you want more traders you accomodate them investeors and traders are customers in the exchange like any 'business' but exchange could be operating like casino or rigged casino. the traders and investors are prey. or targets to be whipped or ripped off!