Should You Trade Mini or Micro Futures Contracts?

As an options day trader that usually risks 2% of a 10k account size per trade. I realized that I was paying 1.5 to almost 2% of my total account value, in just commissions alone per each month! To top it all off, being an options trader, I also had to deal with IV and time decay crushing my premiums. More often than not, my green trades should have been more green but weren’t because of time decay, exits at my entry price were still red trades due to time decay and than my losing trades were always larger than anticipated….thanks to time decay! I couldn’t be more grateful to be able to make the switch over to micro futures. Commissions will still be a thing but the amount of money I will save by avoiding premium depreciation will be absolute game changing. I will also finally be able to let my winners run into market close and than take profits after hours, rather than having to hold and hope for the best come market open. Futures also works better come tax season! Long story short options are super over rated.

Very interesting. Thank you for sharing your thoughts....I was wondering about wether I should trade micro instead of mini

So we can trade futures in the UK?

Any divergence in price between micros and full contracts?? I would hate to buy a gold micro at 1770 while the full contract is 1768 at the exact same moment.... anyone seen this?

2020 micro

NQ is a proper beast (Stay Away for the first 2 years of trading) and I think ES is relatively close to the technical analysis so is easier for beginners. I found trading stocks easier than index futures. Whatever you do please don’t short TSLA. All the best!

For example, a slowly declining price line is A) something that will reverse, since the down momentum is slowing down. Yep but, on a higher TF this is showing that the moment, in what ever direction, is "squeezing". And on this higher TF it says that the price is direction is down.

I stopped practicing w/ paper trades. If I want to try a wider SL or test a new method I use micros.

What do you think of nanos?

Micro is a great step up from Paper.

Don't forget about micro Russell 2k which is M2K

I have lost $50k trading mnq or es futures this year they are extremely difficult to trade in this volatile market ,and I advise that they are avoided all together

The biggest pro for trading the Micro's is it significantly reduces the cost of learning the business of trading. After one year of trading I've lost $1,500 trading MES which would have been $15,000 on the ES.

Another point is that if you are just starting or testing a strategy, you could also just try the proof of concept out by trading QQQ instead of NQ. I’m aware that you won’t get the tax advantage (in the US at least), but good place to start then later jump to the micros.

Thanks Mark, great video. Sticking with 3x contract micros per trade, taking it slow and steady until I've earned the right to step up to the full size!

Short on including target trading goals, skill level, precision of system, and propensity to not be accurate in trades by offsetting with small contracts leading to lazy gambling.