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Mini-sized Dow Futures.
- Thread starter saico
- Start date
if you have a systematic approach for daytrading
that tries to get most of the daily high / low
you might do ok but I found the spreads
too big for me in mini dow
in my opinion ....
if your commissions are low
you should consider either
es ( mini sp500)
or
trade DIA ( diamonds US equity) that also tracks the dow
that tries to get most of the daily high / low
you might do ok but I found the spreads
too big for me in mini dow
in my opinion ....
if your commissions are low
you should consider either
es ( mini sp500)
or
trade DIA ( diamonds US equity) that also tracks the dow
Originally posted by saico
Hi,
did someone trade these contracts in the last couple of weeks ?
After the volumes reaches new highs since these contracts have been implemented, are the spreads reliable now for a successful daytrading ?
Much thanks !
Saico
GERMANY
I've traded them. Better for swing trades if you use limit orders. For scalping you have to go market or you'll end up chasing them.
The volatility has been impressive in the past 2 weeks.
With the $5 mini, spreads are OK unless you scalp but the $2 contract spread is a joke. I 've seen it as high as 40 points sometimes it will be narrow like 5-10 points but as soon as the market moves it's ridiculous. I was looking at it for swingtrading 2-3 day hold but even so the spread is too big I think.
i was going to ask the same thing regarding trading these, I started trading the NQ but at this point its a bit too much for me, today i dont even know how and left 7 points out there in a matter of minute or two, so i was looking for something with less leverage, thus i thought about the dow contracts, the 2 or the 5 $, but wanted to get an idea of how it trades. So i guess from the consensus here, its better to leave it alone. right?!?!???
i guess i'll go back to trading options on the qqq's rather than blow my act up on the NQ. Its too much for me right now,.
i guess i'll go back to trading options on the qqq's rather than blow my act up on the NQ. Its too much for me right now,.
CBOT Mini-Sized Dow Futures, Newest Minis Online
Electronic CBOT mini-sized Dow Futures are now trading on
the CBOT's screen based system.
Like other mini-sized stock index futures. they are exclusively
electronic, with trading hours extending close to 24 hours.
They are now accessible on-line to individual and institutional traders.
Advanced Futures
CBOT Mini-Sized Dow Futures $4.90 Round Turn
Electronic CBOT mini-sized Dow Futures are now trading on
the CBOT's screen based system.
Like other mini-sized stock index futures. they are exclusively
electronic, with trading hours extending close to 24 hours.
They are now accessible on-line to individual and institutional traders.
Advanced Futures
CBOT Mini-Sized Dow Futures $4.90 Round Turn