what is the consensus on e micros?

Legit for trading or no?

 

Yes, equity e-micros are legit for trading. Welcome back by the way, Mr. Enterprise self-destruct code.

 

Micro futures are for live back-testing and newbies. you pay more comission on micro futures than e-mini.

 

That does not mean they are not legit for trading. Your opining on the state of equity e-micro commish structure helps not this thread.

 

The consensus is their trading cost is extremely expensive and therefore not ideal for scalpers.

 

Point of order...

What were scalpers doing before these instruments were released back on May 5th, and why is that even a part of this discussion? If yer scalping the ES, why would you suddenly switch to the MES?

 

the volume of micro is only 1/7 of the e-mini on ES. sure, it can be traded, but in terms of commission, it is not wise to choose micro instead of e-mini. if you are institution, and every liquidity counts, or newbie, that is a different story.

 

Ah yes, I always forget the only two types of traders are institutions or newbies.

 

the broker will love you paying more commission.

 

Micros are fine for trading. Price-discovery is led by the big brother contract, and there are very few, if any, arb opportunities for retail. BUT price-prints do not always match the prints of the big brother. That you can count on! IOW, you may prefer MIT orders over limit orders, depending on your trade style or strategy. The volume overall is fine for MNQ, MYM, and MES... just not enough to create a price-print at every tick. Russell is thin for all it's contracts and imo, the micro M2K is only for swinging.

As for commissions, relatively speaking they are high. If you do your homework accounts can be easily opened allowing for ... 2 tick net breakeven for MNQ, MYM, and M2K, and 1 tick MES net breakeven.

I have monitored and done trades on all the micro-indexes. I prefer to trade the minis, but have nothing bad to say other than what's mentioned.

Trade On!