Picking Up the Pennies

Did you ever get excited when you found a penny on the sidewalk? What’s more, what a big deal was whether it was a nickel, dime or quarter you picked up.

Consider the possibility that it was possible to get change in the Market. Let’s take a gander at the E-Mini Futures Market.

First we need to make sure you recognize what an E-mini is. It is the mini-me (Reference from Austin Powers movies) of standard futures exchanging. An E-Mini futures contract is a smaller part of a standard futures contract. There are several e-mini items that we can trade. Let’s begin with the Indexes like the Dow, the Nasdaq and the S&P 500.

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 multi day over a multi day period at the time of this post. You crunch the numbers.

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 multi day period at the time of this post. Once more, figure it out.

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 multi day period at the time of this post. I think you are beginning to get the picture.

Most moves on the futures market happen around economic reports and news, both worldwide and domestic news. A considerable lot 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, amid the report as the market assimilates the news and after the report when the market settles down to the genuine 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 exchanging hours for futures market and the edge requirement increase between 5:00-6:00pm ET, most traders prefer to day trade or scalp the E-mini futures. Since a significant number of despite everything us have an occupation or other commitments in our lives, exchanging segments of the day and grabbing change is a wonderful chance.

Exchanging the futures or rather the e-Mini futures can be an expansion to your current stock and alternatives exchanging plan also.

As a child, my allowance doubled each week just from grabbing change.

Robert Roy has an E-Mini online class each week called eMini Think Tank. Check out e-Mini Think Tank and come go along with us in getting change.




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