What is the difference between trading 10 contracts MNQ, and one contract NQ? Apart from being able to scale in or out, of course. Is there any advantage to the regular Eminis, vs the Micro version?
MNQ, NQ. What's the Difference?
- Thread starter GrowleyMonster
- Start date
Less commission on 1 e-mini vs 10 e-micro.
And slippage, 10 lots might fill over two ticks more often. Where as 1 large NQ will skid less often.
Cool. So basically more efficient. I'm liking it. What about the full size index futures, whatever they are called? Should I leave them alone, with my smallish account, and stick with mini and micro?
The mini is effectively the full size these days, its has a notional value of $220,000 per contract.
Im not even sure if the full size trades anymore. I dont think it does.
If if it did, then like the large S&P 500 contract, it will be out of hours only and much lower volume.
Oh ok. Thanks guys, for your answers to my kinda noobish question.
I laughed when i read ..."Skid".... well said...
CannonTrading_Ilan
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I wrote this when the MICROS first started....still good pointers:
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Nice start for the MICROS so far, at least from volume perspective. the question is how much of the volume is from market makers and how much from retail clients?
MICROS ES ( MES) traded approx. 250,000 contracts today!
MICRO NQ ( MNQ) traded approx. 175,000 contracts today!
MICRO YM ( MYM) traded approx. 60,000 contracts today!
MICRO RTY, mini Russell 2000 ( M2K) traded approx. 16,000 contracts today!
Here are some thoughts ( my personal thoughts….):
Either way, the MICROS have a few good things to offer as well as some pointers to understand, read more…..
Get Real Time updates and market alerts on Twitter!
Nice start for the MICROS so far, at least from volume perspective. the question is how much of the volume is from market makers and how much from retail clients?
MICROS ES ( MES) traded approx. 250,000 contracts today!
MICRO NQ ( MNQ) traded approx. 175,000 contracts today!
MICRO YM ( MYM) traded approx. 60,000 contracts today!
MICRO RTY, mini Russell 2000 ( M2K) traded approx. 16,000 contracts today!
Here are some thoughts ( my personal thoughts….):
- The MICROS are a good tool for perhaps hedging a trade you are in. Example, you are short ES, market going against you but you dont want to get stopped or get out, you buy x number of contracts to hedge x% of your current position.
- MICROS may be a good start for newcomers and smaller accounts.
- MICROS can be a nice transition from trading a demo account and before moving on to the standard size.
- MICROS may provide more flexibility for traders who like to average up and down…..
- Last but not least, the MICROS could be a good way to initiate longer term positions with lower leverage.
Either way, the MICROS have a few good things to offer as well as some pointers to understand, read more…..
Volumes are much higher in the Micros these days, 5x those numbers these days
Too bad that when they were released, volatility was benign, nothing compared to today. Seems like ages ago now, when all we had to worry about was a trade tiff and Trump's tariffs.