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E-mini liquidity for scalpers
- Thread starter Cutten
- Start date
Quote from steve46:
Hello:
I am using limit orders for both entry and exits for size 10 cts to 50 cts. Depending on how sharp my entry is I will periodically see slippage of .5pt on the entry. Quite often none on exit as I am always scaling out into demand. For size 50 and below I usually see slippage of .25pt. For size above 50 to 200cts, I scale into positions and do not see more than .5pts. During summer months and whenever I anticipate low volume sessions, I reduce size by half. Hope this helps. Steve46
there is no such thing as "slippage" on a limit order.
a limit order is your price or better or you are not filled at all.
the only way you would be slipped on a limit order would be if you were placing a stop-limit order and your stop price was different than your limit price.
Quote from Cutten:
Slippage on entry with a limit order occurs if you try to enter at say 108025 limit, but miss your fill, then the market starts ticking up, and you have to pay up to get filled (i.e. increase your limit order to 8050 or 8075). Hope this clarifies things.
thats not slippage..thats called changing your limit
To go back to the origional question.
I have watched the e mini spoos this afternoon, and have concluded the following :
If you try and trade this by entering a position by joing the bid/offer I personally think you are going to get royally stuffed. I offer this only as an opinion - Iam not directing this. The reason is the volatility and volume are such that the spread as it is, a tick, with the volume as is, at least a few hundred up, frequently a lot more, means that the market moves through the price much more than it gives a scalp edge. I am looking to scalp this, but I can see that I can only enter as agressor. My exits will more than likely be passive.
In terms of how much you can get off, at least a couple of hundred at the number, which is great.
It reminds of how the bund used to be 4 or 5 years ago, only a bit more volatile. If mr 2000 lots comes in a tries to mess with this market, he won't last long, which is great because it means the market is so broad no one guy can really ram it up your backside. which is the main reason I gave up the bund.
For a scalper cross position trader who is used to trading over a hundred times a day with a bit of size, it looks like the ideal market.
Any of you guys doing this at the moment - how do you find it?
I have watched the e mini spoos this afternoon, and have concluded the following :
If you try and trade this by entering a position by joing the bid/offer I personally think you are going to get royally stuffed. I offer this only as an opinion - Iam not directing this. The reason is the volatility and volume are such that the spread as it is, a tick, with the volume as is, at least a few hundred up, frequently a lot more, means that the market moves through the price much more than it gives a scalp edge. I am looking to scalp this, but I can see that I can only enter as agressor. My exits will more than likely be passive.
In terms of how much you can get off, at least a couple of hundred at the number, which is great.
It reminds of how the bund used to be 4 or 5 years ago, only a bit more volatile. If mr 2000 lots comes in a tries to mess with this market, he won't last long, which is great because it means the market is so broad no one guy can really ram it up your backside. which is the main reason I gave up the bund.
For a scalper cross position trader who is used to trading over a hundred times a day with a bit of size, it looks like the ideal market.
Any of you guys doing this at the moment - how do you find it?