Instead of the ES, Newer Traders Should Begin Their E-Mini Trading On These Contracts

In a recent article I questioned why so many new and struggling intermediate-phase traders insisted on trading the S&P 500 e-mini contract (ES). This is a very difficult contract to trade for the initiated and without extensive experience, and a pretty deep bank account, e-mini trading on the ES can be a frustrating experience. Self-trained e-mini traders often question me why the extensive study they have performed doesn’t seem to go «by the books» when actually trading this contract live.