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Implementing of a simple trading strategy with real money, documentation and fixed ratio money management
Hello everyone,
Today I start my first public trading journal. I hope everything is going the way I think.
For about 3 years I trade Future. …
I think the mini/micros can be used well for systematic trading, i.e. automated or discretionary positions rather than scalps, and should/could help improve a small trader's style. I see (and choose to use) YM in a similar vein.
YM may be a good example, a smaller contract that is similar to ES but (I think) less prone to being range-bound (perhaps due to the big players being more in ES and keeping ranges tighter, or perhaps I'm just wrong.... or perhaps both. )
There may be a similarity in any case to a more micro type contract, just from the smaller size aspect of it vs. ES.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
Correct. Typo.
For illustration this was 9am Central today. As you can see the only difference in quotes between Full Size and Micro are due to the tick sizes. (M6E bid)
Just a question. What margin should be for an emicro es when the emini is at about $400-500 pre contract? And what tick size should it be? $6.25 per tick or less? Thanx