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Time decay was killing me in options too. I switched to futures on paper a few months ago and made my first live trades today. I'm trying to take it slow with one contract at a time as well to get my feet wet and build my confidence. Good luck!
Micro futures have not only allowed me to be able to trade more than one contract at a time(and make more money), but it also saved my bacon yesterday when Prez Trump made his tweet about not putting a tariff on autos. I was short an E-micro and when it started shooting up, my computer decided to lock up. So, by the time I got to my second computer and got to a page I could cover my short, I was down $100. If I had been trading an E-mini, it would have been $1,000! Yes, I was being careless by not having a closer stop loss, but I was testing new routines and just got preoccupied.
Anyway, I just love these Micro Index Futures. I can hold a position much longer without feeling the severe pain I had trading E mini's. This allows my position more time to work and so far I've done better by having this option. Plus as another person said, Sim trading just doesn't have the same feel as real money.
So now I trade Micro futures every day and make or lose $20-30 over 4-6 hours and have a blast. As such, it now falls under entertainment rather than high pressure. Heck a fancy movie can cost this much and don't even talk about going out to eat. Plus I learn a lot and end up getting great ideas. And if I want, by buying more contracts, I can "graduate" to the E-mini level without having to go there.
I predict Micro Index Futures, on a volume basis, will eventually exceed that of the Mini Index Futures. This will generate a lot of nice commissions for the brokers, and isn't that why they are doing this? So, a win-win. Yee-haw!
Opened an account with Tradestation this week. They are offering .50 commission on the micro minis. Pretty competitive I thought considering that includes no platform fee and free market data.
Yes, micros and any instrument can be traded from NinjaTrader Chart Trader.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.