The whole concept of picking one future product and learning its quirks can't be overstated. Each of these different products really do have different quirks, moods, etc. -- and if you pick one and stick with it, you really do learn a lot about it and you become a better trader. The other big piece of advice I would share is that you really should have a "rule kit" that tells you when to get into a trade, how to navigate the trade and when to exit a trade. It is perfectly fine to get stopped out 10 times in a row when you eventually lock into that trade that just runs and runs. (Make sure you pick a broker that has great commissions -- or you will find your percentage take home smaller than you might like). Also, when trading futures, remember that you are in the market from which all other markets follow basically. If a news story hits the wire and you are unprepared, you can feel some serious pain (even with a stop loss order in place). If you're going to trade futures, I highly recommend not learning to trade at 9:30am at opening bell. :) Start off in the dead of night when things are very slow so that you can get a feel for the vehicle you are trading. Good luck! Price movements may appear random to the unaided eye but there is a lot of information contained in a graph so find rules that work for you and rules that turn a profit and have fun!
Do you still exclusively trade ES or MES? Also to your point, I've trading the ES/MES only and I've noticed that, for the most part, there's a lot of activity an hour before the 9:30 open. Are there any other quirks about the S&P 500 futures that I should be aware of?
I've done some studying Forex and actually made two trades for real but I would like to study other day trading possibilities so this video about the S&P e-mini is eye-opening
Hello Korbs. You know I am already an avid fan of you and your method. I've seen what you can do on the 38 day challenge. I have no doubts about you. You're the real deal! I've come across a lot of crooks who promise so much but don't deliver. I know you are different. This is my suggestion - how about offering someone like me a scholarship? You know I meet your requirements so let me have a scholarship to be taught your method and then you get paid down the line. Just hoping you will give that some thought.
Thanks so much Aaron. Really appreciate the sincerity and openness with which you share so much info. I'm a beginner trader in the ES, and I just totally love it too. As you say, it's just right :)
@@korbstrading Was just reflecting Aaron how scalable trading on ES is. From your experience, is it possible to take trades of 100, 200 or even 500 contracts where one would get filled & not get too much slippage on stops? I typically trade the Globex session after London wakes up (from 1am EST to 8am EST). Cheers
@@FrozenSkyy thats great. oh im very very new, went live a few weeks ago but unfortunately on a losing streak. gotta get my psychology game up, reading mark douglas' books now lol. im back learning and practicing. ES Futures.
You are an inspiration l so wish you can be my mentor, this video is so informative! I have fallen in love with micro futures, I so wish I can do this full time
Hey Janina, Korbs uses AMP broker. Alternatively, can find good information in the CME Group website. You can also find more information about our programs by going to the links in the description box :-)
Hi Korbs, Do you have some video that shows how to put things together to start trading mico E-mini (MES), platforms indicators at a basic level that helps to get starts. Thanks !
Sir, when Intraday market starts to recover from fall which index recovers first--I would think NQ stabilizes first & emini500 is next to stabilize OR do you think it is Russell index which leads the recovery first and then eminisp500--we seek your wisdom?
Thanks for this great and informative video. I have never traded on Futures E Mini S&P. What is generally the margin required to trade this market on a intraday basis
Hey Maula, the margin requirements stupid low. You won’t want to trade the minimum requirements. $500 or less depending on the broker. And if you are trading the micro ES it’s usually $40
Not with Tradovate and Ninja Trader that are geared towards futures. Now if you're using a broker like ThinkOrSwim or Interactive Brokers or TradeStation then yes, margin requirements are significantly higher on those broker platforms.
Direct answer: minimum $600 for every contract you want to trade (my min recommendation) I should say, that funding a new account to try and trade 1 contract is not a good idea. I would not recommend that and 100% guarantee you will lose any money you start with.
@@korbstrading I have been reading options for a living for a few years now. Just never attempted futures. I was just looking to dip my toes in without risking my actually accounts I earn income on
Hey @lucky london! In our program we use the following: AMP Futures as our broker Sierra Charts and TradingView for charting tools If you are interested to have further information about our coaching program, feel free to schedule a free session with our team. You can find the link in the description box 👆 Cheers!
The problem with trading the micro contract is the cost of the trade. With TD Ameritrade, it’s 2.50 each side, so $5 a contract. It doesn’t make a lot of sense to trade the mini (MES) if you are trying to make any profit.
Fees and commissions aren’t too high :) if fees and commissions are stopping you from being profitable there is something broken about your strategy 👍🏼👍🏼
![Kodak Black - Versatile 4 [Official Video]](http://i.ytimg.com/vi/VcP_1Ua__vY/mqdefault.jpg)
The whole concept of picking one future product and learning its quirks can't be overstated. Each of these different products really do have different quirks, moods, etc. -- and if you pick one and stick with it, you really do learn a lot about it and you become a better trader. The other big piece of advice I would share is that you really should have a "rule kit" that tells you when to get into a trade, how to navigate the trade and when to exit a trade. It is perfectly fine to get stopped out 10 times in a row when you eventually lock into that trade that just runs and runs. (Make sure you pick a broker that has great commissions -- or you will find your percentage take home smaller than you might like).
Also, when trading futures, remember that you are in the market from which all other markets follow basically. If a news story hits the wire and you are unprepared, you can feel some serious pain (even with a stop loss order in place). If you're going to trade futures, I highly recommend not learning to trade at 9:30am at opening bell. :) Start off in the dead of night when things are very slow so that you can get a feel for the vehicle you are trading.
Good luck! Price movements may appear random to the unaided eye but there is a lot of information contained in a graph so find rules that work for you and rules that turn a profit and have fun!
Do you still exclusively trade ES or MES? Also to your point, I've trading the ES/MES only and I've noticed that, for the most part, there's a lot of activity an hour before the 9:30 open. Are there any other quirks about the S&P 500 futures that I should be aware of?
I trade ES exclusively for all the reasons you laid out. If you are in tune with the ES on a daily basis you can make a living with it.
Do you still exclusively trade ES or MES?
I only trade pullbacks starting out on the 60 minutes time frame .... it works for me :)
Love to hear it!! Happy trading 🍻🍻
It's just so smooth, consistent, and somewhat predictable. It respects TA, and I barely ever need to adjust my Moving Averages. Amen.
🙌🏼
@@korbstrading Amazing how much can change in a year.... =)
@@ronredmond trade it now? you get your face whipsawed off.
Great video, such as great speaker and presentation.
Glad you liked it!
Thank you. I’m happy to find a channel focused on futures
🍻🍻
Love the honesty in every one of your videos.
Thank you, Harvey!! 🍻🍻
I've done some studying Forex and actually made two trades for real but I would like to study other day trading possibilities so this video about the S&P e-mini is eye-opening
🍻🍻
Where is the table that shows 85% on Mondays that the s&p will finish up very interesting, thanks.
Just started trading /ES. It’s pretty awesome if you get the timing right.
Do you still exclusively trade ES or MES?
I really love trading micro futures on the DAX, which is the German equivalent of the Dow. My fave!
started with ES but prefer NQ now
Great content!
Appreciate the feedback 🍻🍻
When I first started trading I was trading only SPXL in shares so I get it. Great video.
Thank you for this information ES is the one I only trade. great video.
Do you still exclusively trade ES or MES?
Great video on ES Overview. Very well done.
What are your thoughts on YM futures ? Maybe do a video on the difference between NQ, YM and ES ? Thanks
Nice idea. Thank you 🍻
Hello Korbs. You know I am already an avid fan of you and your method. I've seen what you can do on the 38 day challenge. I have no doubts about you. You're the real deal! I've come across a lot of crooks who promise so much but don't deliver. I know you are different. This is my suggestion - how about offering someone like me a scholarship? You know I meet your requirements so let me have a scholarship to be taught your method and then you get paid down the line. Just hoping you will give that some thought.
Great to hear from your brotha!! Thanks for the suggestion. Always love to hear new ideas 🍻🍻
Thanks so much Aaron. Really appreciate the sincerity and openness with which you share so much info. I'm a beginner trader in the ES, and I just totally love it too. As you say, it's just right :)
Love to hear it 🍻 happy trading
@@korbstrading Was just reflecting Aaron how scalable trading on ES is. From your experience, is it possible to take trades of 100, 200 or even 500 contracts where one would get filled & not get too much slippage on stops? I typically trade the Globex session after London wakes up (from 1am EST to 8am EST). Cheers
@@FrozenSkyy a year later seeing this comment, how are you trading?
@@FrozenSkyy thats great. oh im very very new, went live a few weeks ago but unfortunately on a losing streak. gotta get my psychology game up, reading mark douglas' books now lol. im back learning and practicing. ES Futures.
Good Video !
On a 1 minute chart why is ES so much noisier than NQ (lots of spikes)
You are an inspiration l so wish you can be my mentor, this video is so informative! I have fallen in love with micro futures, I so wish I can do this full time
Love to hear that!! Keep up the work 🍻🍻
Your trading would much easier to see the trends if you used the far superior Heikin Ashi candles
Please which platform do you use in trading Emini, I can't see it in the mt4...I need help, please
Great video man!
What makes this a “superior” product?
Thanks for your videos... what platform are you using please?🙏🏼✌🏽?
Hey Janina,
Korbs uses AMP broker. Alternatively, can find good information in the CME Group website. You can also find more information about our programs by going to the links in the description box :-)
Hi Korbs, Do you have some video that shows how to put things together to start trading mico E-mini (MES), platforms indicators at a basic level that helps to get starts. Thanks !
Do you still exclusively trade ES or MES?
Sir, when Intraday market starts to recover from fall which index recovers first--I would think NQ stabilizes first & emini500 is next to stabilize OR do you think it is Russell index which leads the recovery first and then eminisp500--we seek your wisdom?
Nice question. I lean on correlations but I do not think the same thing will happen every time!! 🍻🍻
Great video,
Do you trade Globex or just RTH?
Cheers
I only trade RTH 👍🏼
why is this better than trading spy options ?
Do you have any suggestion about finding news? I currently look at cnbc for news currently but am looking to expand.
Solid Free Economic Calendar: www.dailyfx.com/economic-calendar?ref=SubNav
Solid Free News Wire: www.financialjuice.com/home
you are so good , should have more views. thank you
🍻🍻
Oil is very dangerous to trade. Why don't you recommend the 30 year bond thats great for starting out,it's slower but safer.
Yeah, crude oil is just nuts. Not worth the stress and pain when there are so many others.
Really great vid. Thanks mate
You’re welcome, Paul 🍻🍻
Great video bro.
Thank you, Justin 🍻🍻
Would you say there are any advantages to trading the s&p 500 compared to the nasdaq?
I definitely would. All based on preference though. NQ is a good product. 🍻🍻
Thanks for this great and informative video. I have never traded on Futures E Mini S&P. What is generally the margin required to trade this market on a intraday basis
Hey Maula, the margin requirements stupid low. You won’t want to trade the minimum requirements. $500 or less depending on the broker. And if you are trading the micro ES it’s usually $40
@@korbstrading Sorry, but to trade ES you need about 14K margin now
Not with Tradovate and Ninja Trader that are geared towards futures. Now if you're using a broker like ThinkOrSwim or Interactive Brokers or TradeStation then yes, margin requirements are significantly higher on those broker platforms.
What’s a good brokers
Amp is good
AMP
How much do I need in a new account to try trading 1 contract if mes?
Direct answer: minimum $600 for every contract you want to trade (my min recommendation)
I should say, that funding a new account to try and trade 1 contract is not a good idea. I would not recommend that and 100% guarantee you will lose any money you start with.
@@korbstrading I have been reading options for a living for a few years now. Just never attempted futures. I was just looking to dip my toes in without risking my actually accounts I earn income on
SP500 futures and/or SP500 spot?
E-minis, S&P Futures, currently symbol is ESH23 or Micro E-minis - MESH23. Symbols change quarterly. Hope that helps.
Which app or exchange I can use to Trade on ??
Hey @lucky london! In our program we use the following:
AMP Futures as our broker
Sierra Charts and TradingView for charting tools
If you are interested to have further information about our coaching program, feel free to schedule a free session with our team. You can find the link in the description box 👆
Cheers!
So how if im swing trading.?
I would look at the SPY for swing trading 👍🏼
Great video...thanks
WHat about starting with the Mini S&P 500 ?
Do you still exclusively trade ES or MES?
Crude has a Micro now, incase anybody cares.
/es and /cl thats it for me
Great products 👍🏼
The problem with trading the micro contract is the cost of the trade. With TD Ameritrade, it’s 2.50 each side, so $5 a contract. It doesn’t make a lot of sense to trade the mini (MES) if you are trying to make any profit.
👍🏿
Why are his ears so red?
Were you a salesman in the past? "Product", they are called securities or equities or derivatives... LOL
Your Title of this video does not match what you actually talking about. I say this with no disrespect.
Why not Forex!!!!!!!
Hey Kamal, we recommend watching Korb's other video entitled "Why I Don't Day Trade Stocks, Forex and Crypto Anymore". Cheers!
the OUTRAGEOUSLY HIGH exchange fees and commissions though :(
Fees and commissions aren’t too high :) if fees and commissions are stopping you from being profitable there is something broken about your strategy 👍🏼👍🏼