Flexible Order Sizes

Discussion in 'Index Futures' started by StockKJay, Dec 21, 2006.

  1. Is there a way to be flexible with ones futures contracts? I want to be able to enter a specified $ amount, not pay such and such for a contract. Is there a way to do this? Or perhaps there are stocks that represent specifically the Nasdaq, Dow, SAP etc.
  2. You have to buy/sell whole contracts in the futures. If you want less than 1 ES NQ ER mini you could do it in ETF's instead like SPY, QQQ. Just buy less than a round lot to match the face value you want.

    You won't get the advantages of futures trading if you do this in a retail account.

    1. 60/40 long/short term tax treatment of gains
    2. less intraday and overnight leverage
  3. Thanks for the reply. The reason I am interested is because I have begun investigating the benefits of selling one future against another. Say Crude oil against propane etc. Since the two are heavily correlated, same $ amounts would work into the positive if entrances were made efficiantly.

    Obviously, I need flexibility with $ purchased to enable the % change of the two, three or four futures to be balanced.

    From what you have stated, I would likely have this flexibility?

    Thanks again.