Re: 09/20/2019 Live Update
Posted: Fri Sep 20, 2019 12:36 pm
Something like this.
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TwC, once I have a little more capital I'll have to ask you more about this. I use TD for my stocks are they good for futures and charting?Trades with cats wrote:Everybody playing the ETF's really should take a look at the micro ES and the M2K micro small caps. With the MES a point is $5 so if you don't want to be at a high roller table you can still afford to trade three or four contracts at a time. The tax side is terrific if you pay US income tax as it is the 60/40 split between capital gains and ordinary. Tax return is just filling in the single number from your brokerage. Brokerages are looking for collateral for day trading in the area of what ever change you have in your pockets. Being liquid futures contracts you just know there has to be a hedge fund somewhere with a fast data connection arbitraging the heck out of any price variance with the regular ES, making sure they are the same price.
The other thing is ETFs do scare me as when things go really wrong it is a sponsoring bank who decides what to do, while with futures it is the exchange. So the bank could say that ended badly and just walk away. Exchange has no other line of business and the members are mostly traders.
Just my 2cents. That's what I have, use their TOS platform to trade. excellent IMOte_fern wrote:TwC, once I have a little more capital I'll have to ask you more about this. I use TD for my stocks are they good for futures and charting?Trades with cats wrote:Everybody playing the ETF's really should take a look at the micro ES and the M2K micro small caps. With the MES a point is $5 so if you don't want to be at a high roller table you can still afford to trade three or four contracts at a time. The tax side is terrific if you pay US income tax as it is the 60/40 split between capital gains and ordinary. Tax return is just filling in the single number from your brokerage. Brokerages are looking for collateral for day trading in the area of what ever change you have in your pockets. Being liquid futures contracts you just know there has to be a hedge fund somewhere with a fast data connection arbitraging the heck out of any price variance with the regular ES, making sure they are the same price.
The other thing is ETFs do scare me as when things go really wrong it is a sponsoring bank who decides what to do, while with futures it is the exchange. So the bank could say that ended badly and just walk away. Exchange has no other line of business and the members are mostly traders.
Thanks BB52! I may give it a try one day, just don't tell my wife!! LOL!BullBear52x wrote:Just my 2cents. That's what I have, use their TOS platform to trade. excellent IMOte_fern wrote:TwC, once I have a little more capital I'll have to ask you more about this. I use TD for my stocks are they good for futures and charting?Trades with cats wrote:Everybody playing the ETF's really should take a look at the micro ES and the M2K micro small caps. With the MES a point is $5 so if you don't want to be at a high roller table you can still afford to trade three or four contracts at a time. The tax side is terrific if you pay US income tax as it is the 60/40 split between capital gains and ordinary. Tax return is just filling in the single number from your brokerage. Brokerages are looking for collateral for day trading in the area of what ever change you have in your pockets. Being liquid futures contracts you just know there has to be a hedge fund somewhere with a fast data connection arbitraging the heck out of any price variance with the regular ES, making sure they are the same price.
The other thing is ETFs do scare me as when things go really wrong it is a sponsoring bank who decides what to do, while with futures it is the exchange. So the bank could say that ended badly and just walk away. Exchange has no other line of business and the members are mostly traders.
Micro /ES commission fee is a little pricey imo, hey but that's how they get paid.
Thanks Boss!!Al_Dente wrote:Breaking: China cancelled its planned visit to Montana farmers
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