Q&A with Mike Anderson, Aspiring Day Trader

We’ve been receiving a few questions from day trader Mike Anderson, not affiliated with the Arkansas coach basketball ball coach, who wanted to know some basic facts about the E-Mini S&P.

Mike asked us the following questions:

1. What time does the CME open for trading E-Mini futures?
A: 9:30 a.m. U.S. Eastern Time. We always give this figure as Eastern Time because of New York’s / the East Coast’s large pull on the markets.

2. When does the CME market close for E-Mini futures trading?
A: 4:15 p.m. U.S. Eastern Time. The market then opens at 4:30 p.m. The E-Mini can be traded nearly 24/7 on Globex for those who like to take chances!

3. How many contracts do most traders start out with?
A: Most traders start off with less than five contracts. It is in the best interest of beginner traders to trade with a single contract and work their way up as money is made.

4. What is the E-Mini’s minimum tick amount?
A: Each tick is equivalent to 0.25 or $5.00.

5. What are the E-Mini contract’s trading months?
A: The E-Mini trades all year round. Be sure to roll over your contracts every March, June, September and December.

This sums up Mike’s questions for this round. Stay tuned for the next round where we’ll be discussing the E-Mini S&P; not college basketball, or the other Mike Anderson’s decision on whether or not to take the coaching job.

Since this is E-Mini Videos, we couldn’t leave you high and dry. Check out this recent blog post from Day Trade to Win showing you some great trading tips for the E-Mini S&P.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.