Do you have a general favorite Micro to trade? What are your reasons for your preference?
Which Micro E-Mini Do You Like Best?
- Thread starter GrowleyMonster
- Start date
MNQ Micro Nasdaq
This is the perfect instrument to daytrade and scalping the market
In any volatility condition, you have so many possibilities to make money with a low risk during the entire session.
Money managent is so easy to setup. You can easily work with the expected daily range increasing or decreasing the contract sizes, placing different targets and stop loss at different levels.
Fast execution, great liquidity. The daily volume of the micro NQ is now 50% higher than the mini NQ.
This is the perfect instrument to daytrade and scalping the market
In any volatility condition, you have so many possibilities to make money with a low risk during the entire session.
Money managent is so easy to setup. You can easily work with the expected daily range increasing or decreasing the contract sizes, placing different targets and stop loss at different levels.
Fast execution, great liquidity. The daily volume of the micro NQ is now 50% higher than the mini NQ.
Cool. That's the one I have been working with. I started out with MNQ the first time I dropped below $25k, and I was trying so hard to get my account back up I was a little off tilt and lost quite a bit, and I went back to swing trading stocks and ETFs. I just got back into the micros and I just stuck with the one I was more familiar with and it does seem fantastically liquid and I like the leverage and the low spread. I didn't realize that the micro was actually so much more active than NQ but that stands to reason. It's just too big, the NQ.
It's not that the NQ is too big. It's "size" has not changed in forever. It's that the performance bond requirement has doubled since the intro of the index micros, due to market volatility since Trump's tweets in the beginning of May 2019 (when they were introduced) which sent market vol nuts on his trade war. It is a coincidence.
Ah ok. Yeah his tweets used to drive me crazy. I guess his tweets probably cost me a good $10k.