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Again, it is meant for a beginner as a way to lower risk. Once you have a positive expectancy and are trading 5 micro lots then clearly you should transition to minis.
Focusing only on commission as a beginner is a mistake.
YM is good, but still too big for micro accounts (i.e. $5K). This will bridge the gap. More importantly it will allow smaller accounts to scale in/out.
I know I need to watch the webinar, so pardon me if I am jumping the gun, but has anyone ever put together a chart/spreadsheet that ranks contracts from "beginner friendly" to "you better work for a hedge fund"??
I suppose one could look at the ATR*($ per point) and rank contracts that way, but then again liquidity and other factors might come into play that would skew the results. (Not planning on trading lumber anytime soon.)
I may be dreaming, but still, if anyone has anything like this I (and I bet others) would love to see it.
I could see the benefits of incorporating the micro ES into a more cost efficient and risk adverse option in a long-short strategy with stocks. Outside of hedging, I'd rather live on market speed or momentum if you will. I appreciate where this is going - the whole increase the time-frame and decrease the risk, but I'd feel more inclined if the commission were 1/5th the size.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
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