FUTURES is where it's at!
Here is a list I have compiled of why I personally trade futures. I posted a similar message in the stocks forum trying to bring users to see the advantages of futures. I figure I'll post it here two because this is a more relevant place.
+ I can day trade without needing $25,000+ in the account! I have two accounts with about 10K in them.
+ Comissions are decent $4/round turn trip on the YM
+ Tax Reasons + You don't have to list every sale on your return! (for people in the USA)
+ It's liquid enough. Market orders are instant. No weird fills
+ The spreads are never going to be huge like they can get on stocks
+ Focusing on one instrument day in and day out is less complicated and more productive
+ I can sleep in! As I dont have to wake up at 6am and scan for stocks to trade
+ Share size allocation is easier. I trade from 3 + 8 contracts depending on the setup
+ I've held a stock that plunged 20 pts due to random company event. While econ reports move the futures. It's never been THAT bad!
+ There are always shorts avilable!
+ Comissions are reasonable (I pay around $4.10/round trip)
+ No uptick rule (not that its going to be lasting too much longer)
+ The $5/tick range of the YM makes for lower slippage(ES, ER too volitale=bad slippage)
If you guys have any more reasons to add to this list, please reply.
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