I have been a stock investor over 10 years but recently started trading near-money QQQQ options as a day/swing trader. I don't know much about futures but after studying it a bit, I am now considering switching to it because it seems to me the transaction cost seem much lower for futures (at least for my style of trading). If I trade in say $2000 lots of $0.50 contracts, each trade costs me about $0.70 x 40 = $28. For a similar swing in futures, I just need to buy maybe couple NQ contracts and it will cost me only $3.60 (if I use IB). Plus, I don't like the time decaying nature of options value. On the other hand, I realize that there is a much bigger downside risk to futures. Provided that I don't use much leverage, it seems futures is a much better platform for me. Is there anything I am missing here? How's the liquidity of NQ? QQQQ options are very liquid with typical 1Kx1K bid/ask sizes and spread of $0.01. I am thinking of using IB for futures. Are they good? Any good books to read? Any advice to this newbie is highly appreciated. Thanks!