Picking the Dimes

An E-Mini futures contract is a smaller portion of a standard futures contract. The S&P 500 moves between $13 and $16 a day over a 30 day period at the time of this post. Most moves on the futures market happen around economic reports and news, both domestic and global news. The futures market is very active around these reports; before the report on expectation of results, during the report as the market absorbs the news and after the report when the market settles down to the actual results and what they mean for the economy. There are different times of the day when the futures market is more active.

Trading the futures or rather the e-Mini futures can be an addition to your current stock and options trading plan.

The E-mini for the S&P 500 Index is the ES. The S&P 500 moves between $13 and $16 a day over a 30 day period at the time of this post.

The E-Mini for the Nasdaq Index is the NQ. The $Compq averages $20-$40 per day over a 30 day period at the time of this post.

It is the mini-me (Reference from Austin Powers movies) of standard futures trading. An E-Mini futures contract is a smaller portion of a standard futures contract.

Robert Roy has an E-Mini online class each week called eMini Think Tank. Check out e-Mini Think Tank and come join us in picking up change.

The futures market is very active around these reports; before the report on expectation of results, during the report as the market absorbs the news and after the report when the market settles down to the actual results and what they mean for the economy. There are different times of the day when the futures market is more active.

As a kid, my allowance doubled each week just from picking up change.

The E-Mini for the Dow Index is the YM. The $DJIA averages $35- + per day over a 30 day period at the time of this post.

What if it was possible to pick up change in the Market? Let’s take a look at the E-Mini Futures Market.

Due to the trading hours for futures market and the margin requirement increase between 5:00 -6:00 pm ET, most traders prefer to day trade or scalp the E-mini futures. Since many of us still have a job or other obligations in our lives, trading portions of the day and picking up change is a wonderful opportunity.

Did you ever get excited when you found a penny on the sidewalk? If it was a quarter, nickel or dime you picked up, and what a big deal was.