Trading E-Mini's

risktaker


Registered: May 2004
Posts: 449


06-20-05 07:59 PM

Let's see...98% out of $5K....that comes out to about...wow! $4900!!!





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Quote from Biog:

Tempting, but think I'll pass for now...(up 98% for 2005, not sure of your definition of "really well")

Trading futures holds many advantages over equities. Just because you cannot trade them successfully doesn't mean that nobody does.
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Oh! Now I see what you mean.:)))

I've been trading stocks since 1982 and I've never been anywhere near 98%.
I've been in the 40 percent area a few times.

Perhaps he would be so generous to us minnows in this great sea of trading by throwing us a crumb or two regarding his trading strategy.

dom
 
Quote from ZebProctor:

First off, thank you to everyone who took time out of their busy schedule to respond to, or clarify an answer to a question I had!!!!

Now, my futures account was just approved, and I'm thinking of moving my principal over from my securities account to try my hand at this...

A few thoughts... I guess I just would have imagined to to be easier (in theory) to make money on securities.... because there is some tangible product behind it... your profit or loss is theoretically tied to a corporations profit or loss... but with e-mini's you're just basically betting against someone else... 50% of people will make money and 50% will loose..... I would think that with securities, a lot greater percentage of people would profit..

Anyway, thanks for the help, especially the reccomendation for the simulator, I applied for one of those today and hopefully will run out the trial period before i get too antsy to try with real money..

Thanks

PS Which one is YM again? S&P is NS, I can't recall seeing YM....
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Zeb,

YM is the mini-Dow, NQ is the mini-NASDAQ, ES is the mini-S&P, and ER2 is the mini-Russell 2000, and several other index products as well. NQ, ES, and ER2 are on CME (www.cme.com) and the YM is on CBOT (www.cbot.com). CBOT has some great archived webinars on trading their products--lots of different topics including technical analysis, trading psychology and risk management (http://www.cbot.com/cbot/pub/page/0,3181,1058,00.html).

With the exception of dividends one might receive, trading stocks is just as much a zero sum game as trading futures.

Good luck. Remember to account for commissions on the simulator.


Regards,
 
Quote from JangoFolly:



Good luck.
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Actually, it would probably be more helpful to wish you bad luck on the simulator before you start trading real cash (for some educational and entertaining reading on risk management and trading without any, search for threads started by user Ripley -- thanks Ripley)

Any way, good trading, Zeb.


Regards,
 
Quote from porgie:

I truly believe that there has never been successful traders posting on these journals who make a living trading...99% ego puffing BS...myself included...for now....today...realtime...exit signal showing....
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Absolutely..

They have no reason to.

There are several willing to help though. Trading solo gets boring, get new guys on board. Fun stuff.
 
Quote from JangoFolly:

Zeb,

YM is the mini-Dow, NQ is the mini-NASDAQ, ES is the mini-S&P, and ER2 is the mini-Russell 2000, and several other index products as well. NQ, ES, and ER2 are on CME (www.cme.com) and the YM is on CBOT (www.cbot.com). CBOT has some great archived webinars on trading their products--lots of different topics including technical analysis, trading psychology and risk management (http://www.cbot.com/cbot/pub/page/0,3181,1058,00.html).

With the exception of dividends one might receive, trading stocks is just as much a zero sum game as trading futures.

Good luck. Remember to account for commissions on the simulator.


Regards,
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Thanks... unfortunately, with E-Trade, I can only trade....

Equity Index Futures

* E-miniTM S&P 500®
* E-mini S&P MidCap 400TM
* E-mini NASDAQ-100®
* E-mini Russell 2000®

Foreign Exchange Futures

* Euro FX
* E-mini Euro FX
* Japanese Yen
* E-mini Japanese Yen

https://us.etrade.com/e/t/invest/etprofessional/futureshome
 
OK, so can someone explain this expiration date thing in layman's terms? Also what are the pro's and con's of trading the Jun versus the Sept?
 
ZEB:

You always want to trade the "front" month, in layman's terms, the most actively traded contract. As you approach expiration, the volume slowly picks up in the forward month. The last day to trade the front month. we "roll over" to a new front month and the current front month ceases to trade.

We are all trading "Septembers" U right now in ES, NQ, ER, YM!

Keep the questions coming, you are almost ready to paper trade.

eeeeeEBO
 
Quote from Ebo:

ZEB:

You always want to trade the "front" month, in layman's terms, the most actively traded contract. As you approach expiration, the volume slowly picks up in the forward month. The last day to trade the front month. we "roll over" to a new front month and the current front month ceases to trade.
Unless you are swing trading and holding for days or weeks, do not worry other than which is the most active.


We are all trading "Septembers" U right now in ES, NQ, ER, YM!

Keep the questions coming, you are almost ready to paper trade.

eeeeeEBO
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so as long as you clear out by the end of the day, you never have to worry about the expiration? I'm guessing if you have a contract on the expiration date, at the end of the day they sell it for you, and you just take whatever the market price is?

OK, I got one for you... the eod data I download from CME sometimes has a price with a "B" or "A", referring to bid and ask... so what does that tell you, that the price of the sale was the current bid or ask price?
 
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