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How many e-mini contracts do you trade?
- Thread starter jboydston
- Start date
Originally posted by Whamo
If someone is holding 500 NQ Contracts they would have to have 6 hands to do it in my opinion. One pair to hold all those contracts, one pair on the keyboard at all times, and one pair to hold their private parts because they would have to have some big kahuna's...
Whamo
It is really just a matter of scale. When you have $50,000 then holding 1 emini is nothing, holding 5 is probably just about right, holding 10 is purhaps starting to press it a bit and so on. If you have $5,000,000 then holding 500 Emini's would not be just about right, though at that point you might be better off in the pit (at least with the S&P)
Brandon
I only got 2 hands, and I've held over 500 NQ contracts. I think it was around 600.
It's really just a matter of time frame, thats all. The more you hold, the more you are affected by liquidity, the longer it takes to put on a position and take it off. Slippage is in direct proportion to position, liquidity, and time frame.
It's really just a matter of time frame, thats all. The more you hold, the more you are affected by liquidity, the longer it takes to put on a position and take it off. Slippage is in direct proportion to position, liquidity, and time frame.
Originally posted by Whamo
If someone is holding 500 NQ Contracts they would have to have 6 hands to do it in my opinion. One pair to hold all those contracts, one pair on the keyboard at all times, and one pair to hold their private parts because they would have to have some big kahuna's...
Whamo
Relative to how much capital you are trading; still only takes one finger to click the mouse ...
Originally posted by lundy
I only got 2 hands, and I've held over 500 NQ contracts. I think it was around 600.
It's really just a matter of time frame, thats all. The more you hold, the more you are affected by liquidity, the longer it takes to put on a position and take it off. Slippage is in direct proportion to position, liquidity, and time frame.
I am getting closer to trading in larger blocks. lundy, how long does it take to get in and out of 50 lots, say in mid day?
Saratoga,
50 NQ contracts, I could get out in a second using a market order with minimal slippage.
I never use market orders though, except stops.
I use limit orders, I buy at the bid, and sell at the ask.
If you watch IB's depth screen, you can see how easy it is to get in and out. I don't use IB anymore, and I also don't trade 500 lots anymore.
50 NQ contracts, I could get out in a second using a market order with minimal slippage.
I never use market orders though, except stops.
I use limit orders, I buy at the bid, and sell at the ask.
If you watch IB's depth screen, you can see how easy it is to get in and out. I don't use IB anymore, and I also don't trade 500 lots anymore.
Originally posted by Sarasota
I am getting closer to trading in larger blocks. lundy, how long does it take to get in and out of 50 lots, say in mid day?
You should not have any problem with 50's. Even in the afternoon with the Nasdaq we are able to get in using limits at the price we want at that size, usually all at the same price.
Brandon