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Minneapolis, MN
Posts: 1 since Jul 2022
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The MNQ has more volatility than the MES mostly due to its price. NQ is trading at 11,388 vs ES at 3,711
For every 1 tick of the ES will be around 4 ticks on the NQ. So even though the tick price is less on the NQ, the same move will be more in the NQ than the ES.
Example: Friday's end of day run up -
ES went from 3660 to 3700 for around 40 points,
NQ went from 11235 to 11385 for around 150 points.
MES 1 contract would have been 1.25x4x40= $200
MNQ .5*4*150=$300
Most discount brokers' total round turn cost of a Micro is around $1 vs $4 for a Mini, so closer to 250% more in commission if you are trading 10 micros vs 1 mini.
Yes, if you have the bankroll to play with the mini's sure, it's cheaper, but like myself I scale up to 3-4 micro contracts for my style of trading and I have nowhere near the bankroll to even play with 1 mini, let alone 3-4 mini so commission costs is a non-factor.
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