Dow based instrument cheaper than YM?

Hello. I currently trade YM, but do not want to risk more than $50 a trade, which is difficult to do in these volatile times. Are there any Dow based instruments that will allow me to trade with wider stops but risk $50 per trade. I looked into DIA but I don't have the required 25K to daytrade it.

 

1) Being undercapitalized sucks.
2) Does tradesports.com still have a micro-mini contract?

 

Hi,

Have you checked SSF on DIA ETF?

http://www.onechicago.com/?page_id=754

 

you should stay out of the market, get a job, save money, reserve 10k out of your savings that you can trade, and give it a go.
you're wasting your time

 

One YM = 500sh of DIA.

 

You still have to have a 25k account minimum to daytrade SSF.

 

I think you're allowed one or two trades per day with less than $25,000. Why don't you just pick the best setup you see each day and only trade it? If you want to trade more than once per day, use a simulator, IB has a really good one.

 

Thanks. I think SSF might work.

 

According to: http://sonrayglobal.com.au/info/pattern_day_traders_faq

"Please note that Futures contracts, Futures Options and Single Stock Futures are not included in the SEC Day Trade rule."

 

Thanks. If single stock futures are not a good alternative I may do that.