There several emini contracts out there to day trade, and I have been deluged with mail asking me why I just trade these two indexes.  How about the other emini contracts?

It is a fair question.

In some of the postings on this blog you will see an important admonition:  Day trade  one contract with consistent success before you start trading with real money.  I think that is an important consideration when learning the emini contracts.

I am intimately familiar with these two stock market indexes, as they have been an important part of my life for quite a while, and I am very comfortable with the price action in these two contracts.  I might add, as an aside, that the NQ contract is a wonderful contract to learn.

That being said,  I feel most comfortable with the ES and YM contracts because I am familiar with them.  The ES in particular, because of the heavy volume (which results in wonderful liquidity) is a favorite of mine.

I have yet to experience slippage in the YM, though, when trading less than ten contracts and I feel confident in saying the YM is an easier contract to trade than the ES.  I’ve had numerous novice traders tackle the ES from the onset and had less-than-satisfactory results.   But when they switched to the YM, their luck changed along with the results.  I just think the YM is far better starting point than the ES.

There are all sorts of anecdotal theories on why the YM is easier to trade, and none are definitive.  Suffice it say it is simply easier and less subject to unusual movement at the odd moment, which is not to say that you don’t have to trade a YM chart, you had best pay close attention.  But once you have found your groove on the YM, it will produce.