What is "ES" ?

This should answer ALL of your Futures questions.
Give the guy a break.


http://www.cme.com/

 

You Jack's brother?

 

1. $5K is enough to trade 1 ES unless your broker allows you to daytrade with less margin... then you might be able to trade 2 or 3.
2. The face value of 1 ES = about $50K right now. That's the leverage.
3. Minimum margin for the full SP contract is >$20K.
4. The full SP can be sort-of traded online, but it's not an electronic market. That is, orders may be placed online, but they are routed through the open outcry pit and executed in "normal" style. (This often results in greater slippage for market orders.)

 

as a matter of fact. I alittle younger.

Jack's a terrific fella, quite misunderstood.

Like me.

And many thanks to ebo and gnome and the others for helping me understand exactly what e-mini futures are.

The previous time I asked, someone gave me the wrong answer (told me they were the spiders)! Why would someone mislead me?

 

Risk management is the key.
Risk management of 1% or less should be rule of thumb for all trades.