Question from Ellis:
My question relates to mini Dow futures (YM) vs. the micro Dow futures (MYM). I have been trading 4 YMs per scalp trade with an initial 20 tick stop. I am wondering what the change in the stop would be to change to 4 MYMs. I realize the micro is 1/10th the size of the mini.
ALAN HUGHES says
what is the difference in the comm rate for the biggie and the micro because idf the rate is the same then u are losing more in comm than making on a trade of he micro
Mindie Kniss says
Hi Alan, depending on the brokerage, commission on the biggie is $4.50 while the micro is only $1 roundtrip.