Hello is SPY stock version of E-mini S&P500? If so does it move almost identically? If SPY isn't, which stock version moves identically as E-mini S&P500? I am looking to trade SPY by looking at E-mini S&P500 chart and dom. How much is 4 ticks of ES equal to SPY? Is it 0.04? During first 2 hours of new york open, how many shares get traded at each 0.01 (1 tick)? Thanks!
I think your main issue with comparing is that a tick in the ES is .25 cents while in SPY their is no minimum "tick", it can trade at any value. The DOM's aren't comparable.
SPT, It is relative to the cash SP 500 Index-SPX ES=50X SPY=10X Ratio is 5:1 You need to buy 500 shares of SPY to equal 1 ES
SPY is inferior to ES because it's an ETF and has less liquidity. ES has over 10x the $-volume traded per day. And ES is almost 24 hrs trading...
If you're planning to try to scalp the SPY by using ES data/charts, I doubt that will work. If you want to trade the SPY, get some real-time data for it.
I already maxed out on how much I can trade with E-mini S&P500 without slippage and causing enormous profit target contract size on DOM. So I am thinking perhaps I can trade SPY on top of E-mini S&P500 for more contracts (shares). My plan was to whenever I go long on ES with bracket order (OCO). I can maybe do the same with SPY. In order to know what profit target and stoploss to put, that is the purpose of this thread.
I wouldn't have time to look at SPY chart or DOM because I will be glued to ES DOM. Maybe doing SPY on top of ES is a bad idea. Not so sure. I am signing up for stock trading platform demo from many brokers.