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Re: Which contract should a beginner trade?
Cooter has a good idea there - if you want to get your feet wet, the YM could be a good place to start and then go to the NQ and finally the ES.
Nick - I've always liked trading the ES if nothing else b/c size is not an issue. I like the fact that trading a 50 lot does not mean much to those looking for 'red flags' or the infamous 'stop hunting'. And I like the 12.50/tick. With that, I can make ONE tick and cover all commissions and still make money. Just one tick. It doesn't sound like much, but when you need to exit a trade at +1 tick, you at least made money on the trade. With the NQ/YM, you'll need 2-3 ticks to do the same thing. Just something that works better for me.
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