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.
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
Hi Alan, depending on the brokerage, commission on the biggie is $4.50 while the micro is only $1 roundtrip.