Bid/Ask in TF and YM

Quote from BoyPlunger:

use limit orders. you can probably be filled on 20 pretty easily MOST of the time if you just sit on your limit at or near the current price.
For the SOME of the time when you can't get out of your Russell position at a good price (when the market is running away) - don't use market orders - you are probably going to pay up 0.50 or so to get out of 25 contracts. Use a market order bid on the ES. This is what I would do. If I were in a position say short 25 contracts that was running against me and was afraid to buy at the market (putting in one of those spikes that show up all the time in the russell2k) I would have a "puke ES" button that would neutralize my postion so that I could reexamine it later. I'd set it to 40 ES contracts which I'm sure I could get on the offer no problem. Later, when the market calmed down, I would get out of each side with limit orders.
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i thought we were discussing bout TF...
 
Phew!

I've just been looking over my likely requirements and based on reasonably common stop sizes and my (one day) required risk per trade of £2,500 I shouldn't need much more than 15 or 16 YM or 6 or 7 TF.

So slippage shouldn't be much of a problem for me.

:)
 
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