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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Agree the Micro's are expensive when compared with the full size. Probably why the exchange is rolling out so many of them! The most egregious of them all? Ether (ETH)/Ethereum (MET).
Full size is 50 Ether and exchange fees are $4
Micro is 0.1 Ether and exchange fees are $0.20 which equates to $100 for 500 lots/50 Ether!
So Micro is 25x more expansive!
Lots of comments on this.
I would add inability to short, or very difficult to short.
No spreads, or at best highly capital intensive spreads.
They are "overpriced" in the sense that you get 10% of the leverage of the full size contract but at around 30% of the cost. For example, 10 MES is about $12 total R/T, and 1 ES is about $4. So, for the same leverage you pay ~3x as much. That comes with benefits, but you certainly pay for it.
Very true Mike , 300,000 plus in you acount is needed to get ES futures type leverage . The trader can not have short pants on . However , most members on the forum trying to day trade with real money to gain experance would save money if they had 30,000 to fund a account and just traded one share of a small cap stock . if i had the money for data , comminisions , slippage ,exchange , and routing charges just for the learning years of daytrading futures it would more than 30 ,000 . Everyone is in a hurry , know their much smarter than the average bar , 1000 a day in 90 days is a cake walk for them.
