If I Had Traded E-Micros

Trader's Mindset

Sep 14

First keep in mind, I am not a professional, do not provide financial advice, never make any performance claims whatsoever, and do not provide buy/sell recommendations.

One consideration is whether or not it is possible to make “anything” trading e-micros because of the small size and the commissions. The e-micro is 1/10th size the e-mini. And, it is known that some e-mini traders feel a need to work up to multiple contracts to even make a few hundred per day.

At least in recent conditions, I do like the ability to scalp the e-micros. It is certainly easier then how I used to try to trade up to 5 E-mini contracts on a tiny account.

My average size was just 20% to 30% of a single e-mini contract. My heavy size was around half size a single mini contract.

Keep, in mind these statements could be generated from a very realistic paper trading account.

Hypothetical. No Performance Claims.

And some poor results too… Welcome to New Churn City! And, this shows why having real edge is important even for tape readers.

As an aside, I do hope this shows why that I really do not know why traders are still taking tryouts with fake prop firms who won’t scale them up, who will find nit pick ways to fail them, who haven’t demonstrated that they care about traders, and given that it is now possible to get real money experience today with MES micro futures. Hopefully my blog will help to educate traders and when a real prop wants to step up and demonstrate a better offer then I would be more then happy to promote them.

About the Author

The author is passionate about markets. He has developed top ranked futures strategies. His core focus is (1) applying machine learning and developing systematic strategies, and (2) solving the toughest problems of discretionary trading by applying quantitative tools, machine learning, and performance discipline. You can contact the author at curtis@beyondbacktesting.com.