Discussion in 'Metal Futures' started by increasenow, Jul 22, 2008.
is this useless?does anyone on the planet trade it?
I've traded them for years, love them and think they're excellent 'bang for the buck.'
Not super-liquid after hours (can have wide spreads) but they give some superb action on occasion.
you can also make some easy money doing
arb sometimes in the mini's YG + YI ( oops ... let the cat out of the bag )
wow...great post...it may be a better approach then the larger contrracts...daytrade margin $450 and overnight $1,250...hmmm...anymore comments?
Exactly-- margins are excellent and liquidity is good during our U.S. session.
I love them. Just remember the spreads can be pretty wide after hours.
That pretty much sums it up.
also watch out for the ( hidden ) stops
( i.e. todays overnight lows )
actually the slippage was not "terrible" ( $1-$3 )
compared to some fat finger nonsense
over the yrs
I don't like the fills, otherwise, I guess they could be good and I always wanted to trade them consistently.
But the slippage on some of those fills just killed that idea. :eek:
If you can't comfortably margin a 1-lot of the 100-ounce contract, you shouldn't trade the mini-gold at all.
IMHO, minis are the ONLY way to go in a $10K acct.
How wide spreads? maybe oanda is better? Oanda has super liquidity after hours.
How long trader waits for open one mini-contract?
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