Futures Daytrading

Discussion in 'Trading' started by matt5555, Jul 28, 2003.

  1. TGregg

    TGregg

    Don't worry about the liquidity in ES, it's way more than you'll need for now. You can easily dump a couple hundred contracts during the normal trading day with no measurable price problems. And, 200 contracts is 10,000 times the S&P.

    NQ is less liquid, but way more than you need with a 5k account. I don't trade them much anymore, but I think one would have no troubles with a 20 contract position.

    EDIT: One would be wise to take Nitro's advice (above) and first trade the SPYs and QQQs.
     
    #11     Jul 28, 2003
  2. I agree with nitro. Trade the SPY's and/or QQQ's first. Make money there then jump to the futures. Also, this will give you a chance to get comfortable with your trading techniques and software.
     
    #12     Jul 28, 2003
  3. PDT

    ROCK
     
    #13     Jul 28, 2003