Did you ever get excited when you found a penny on the sidewalk? {And what a big deal was if it was {a nickel, dime or quarter |a nickel, quarter or dime |a dime, nickel or quarter |a dime, quarter or nickel |a quarter, nickel or dime |a quarter, dime or nickel} you picked up.|If it was {a nickel, dime or quarter |a nickel, quarter or dime |a dime, nickel or quarter |a dime, quarter or nickel |a quarter, nickel or dime |a quarter, dime or nickel} you picked up, and what a big deal was.}
What if it was possible to pick up change in the Market? Let’s take a look at the E-Mini Futures Market.
{{First we need to make sure you know what an E-mini is.|We need to make sure you know what an E-mini is.} 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. There are several e-mini products that we can trade. Let’s start with the Indexes like the Dow, the Nasdaq and the S&P 500.|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.}
{The E-mini for the S&P 500 Index is the ES. For every $1 move in the $SPX (S&P 500) Index, the ES moves $50 per contract. Have you watched the S&P 500 Index lately? The S&P 500 moves between $13 and $16 a day over a 30 day period at the time of this post. You do the math.|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 Dow Index is the YM. For every $1 move in the $DJIA (Dow) Index, the YM moves $5 per contract. The $DJIA averages $35- + per day over a 30 day period at the time of this post. Again, do the math.|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.}
{The E-Mini for the Nasdaq Index is the NQ. For every $1 move in the $Compq (Nasdaq) Index, the NQ moves $20 per contract. The $Compq averages $20-$40 per day over a 30 day period at the time of this post. I think you are starting to get the picture.|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.}
{Most moves on the futures market happen around economic reports and news, both {global and domestic|domestic and global} news. Many of these reports in the US come out at 8:30– 10 am. 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.|When the futures market is more active, there are different times of the day.}|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.}
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.
{Trading the futures or rather the e-Mini futures can be an addition to your current stock and options trading plan as well.|Trading the futures or rather the e-Mini futures can be an addition to your current stock and options trading plan.}
As a kid, my allowance doubled each week just from picking up change.
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.
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 {global and domestic|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.