MES starter question.

This might be basic but worth starting here. We have LOTS of educational material that can help as you progress. Introduction to equity futures.

 

Because of the leverage factor, the profit/loss potential in futures is fast and furious.

Suggest you make the effort to become good at trading the market before you venture into futures.

Trade individual stocks and ETFs (their risks are not leveraged and therefore lower).... until you feel you've become competent to "handle the markets".

Quite honestly, trading futures is really not appropriate for noobs. (Neither are options for that matter.)

 

the problem with options is that although i would lose only the premium, if one is not expert to put in place a multi leg strategy(And i am not), would just execute a put or call transaction, that does not help when(= the majority of the time) the market is range bounded because I am betting in a directional increase of volatility.

 

Daytrade (1 contract MES):
Maximum loss if entry & exit were at extremes of the day.

 

$1.25 per tick (MES) or $5 per point.

 

even the micros can give you big losses because you'll do dumb things
and "take advantage" of your leverage and average and do stupid shit like that..

if you have 25k id recommend trading like 10 or 20 shares of spy.

or if not, maybe trade the daily chart and swing.

i think you'll get more out of it even if you want to ultimately day trade.

 

Highly unusual, though. At least on ES.

As far as I know, the CPI news releases last year have been the only times in a market session in recent time where liquidity simply disappeared and you'd probably face a > 50 point slippage on a market order.

 

Take ownership and admit you have zero discipline. Trading spy and swing trading won’t help you. You should move to Alaska.

 

algo trading aside, there isn't a person on this planet that has flawless discipline.

there's a big difference between zero discipline and a crack in discipline which in a small
margin game we play matters a lot.

but you probably don't even trade so im wasting my time.

 

I think micros futures is probably the best market to trade for noobs. It's open 23hrs so you get exposure to wider set of trading conditions. 1 contract is not gonna kill anybody if you don't let your trades go to hell.

With etf/stock, you have limited hours, shorting can challenging if it's not liquid enough, higher capital reqs for daytrading.

I wished micros existed when I started trading years ago. I had to deal with "forex"..ugh