Huh? why would it be more volatile than the current contract? It would offer more flexibility, which would be great for anyone with an account under $10MM. I used to trade for a CTA that managed over $100MM, but we had it all in seperately managed accounts. The smallest accounts we could take was $1.5MM any smaller, so "mini-mini" or Micro futures could benefit even "medium size" accounts/traders/managers. 5yr
Can anyone tell me why SP hasnt gone to globex yet? The open outcry fills are horrible if sent as market unlike ES.
OK, well give me a reasonable scenario with your $1.5MM account where an emini-mini contract would be preferable to an ES contract.
U know most the futures contracts are really too big to be ideal for most retail accounts. I was told by a retail broker that his firms average new account was about 7k. jeez.... With 7k probably the best bet is to take a flier on one or a few decent probability trades and see what happens.. Just too short a chip stack to trade effectively in my opinion. Of course brokers naturally want such customers to use tight stops so they get as much juice from the account for as long as they can.
this is SPY vs SP500 cash as you can see they track each other well as they should. So if you long 1 Emini, you can short 25K of SPY and get a 1/2 exposure.
It's hasn't always been a shit hole genius. But allow me to refer your deep and intellectual question to someone who more or less shares my opinion and has over 7000 posts. He's much more qualified than I to answer. Landis82 Date Registered: 07-24-06 Total Posts: 7927 (6.92 posts per day)