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Re: Looking To Begin Trading Futures: $$ Losses
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I think the mini nikkei is a great idea. I've played around with it before, and at 1/5 the size of the SGX contract, it's MUCH more manageable for beginners.
If you have over 25k in the account, then you can daytrade the DIA as a proxy for the YM.
It's an ETF and every 100 shares = $1 per dow point, so you can trade much smaller size than the dow minis, and still get the same market exposure
the problem is that you will violate pattern daytrader regs if you daytrade it with less than 25k
DIA also has inferior fills compared to YM (at least in my experience), so if you can make your strategy(s) work on DIA, you will be well equipped for YM. |
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Would you happen to know any brokers besides IB that provides mini Nikkei? Thanks
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James Lee
TradersLaboratory.com
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