e mini
Day Trading Definition
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The e
mini day
trading
contract is a 'baby' version of the full S&P 500 contract.
It was created to allow participation by smaller players,
as it is approximately only one fifth the size of the full
contract. What this means is that every point movement on
the e mini day trading contract is worth $50, instead
of $250. Obviously, this opens up the S&P to a far wider
segment of the trading population, as much smaller margins
are required than for the full contract, and much greater
'granularity' is achievable. Instead of hunting for a day
trading stock pick, you can focus on a single instrument.
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e mini
Day Trading contract
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If you
intend to try e mini day trading, you should be aware of the
contract specifications.
- Ticker
Symbol ES / AON: EG
- Contract
Size $50 times E-mini S&P 500 futures price
- Price
Limits 5%, 10%, 15% and 20%
- Minimum
Price Fluctuation (Tick) .25 index points = $12.50 per contract
(Futures calendar spreads: .05 index points = $2.50 per
contract)
- Contract
Months Mar, Jun, Sep, Dec
- Regular
Trading Hours (Central Time) Virtually 24 hours per day
(from 5:30 p.m. Sunday to 3:15 p.m. Friday)
- Last
Trading Day Trading can occur up to 8:30 a.m. (Chicago Time)
on the third Friday of the contract month
- Final
Settlement Date The third Friday of the contract month
- Position
Limits work in conjunction with existing S&P 500 position
limits
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e mini
Day Trading with the Cam Eq
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Will the
Camarilla {b} Equation and the SureFireThing Camarilla Equation
work with the e mini? Yes. The same principles apply, although
the e mini has a tendency to 'lead ' the big contract. In
fact, it is rumoured that there are pit traders in Chicago
who make a living arbitraging the tiny difference between
the full contract and the e mini.
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e mini
Day Trading data
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Generally,
using the big contract end of day figures (available from
the Free Day Trading Quotes page) works
just fine, although if you want actual e mini day trading
end of day numbers for any of the current contracts, your
best place to find them is the CME.
Email
us if you have difficulty getting this information, as there
are a number of places available on the web that summarise
useful information of this type.
Given
that the same principles apply, what are you waiting for?
Let's trade!!!
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