Is NQ liquid enough to scalp 10 contracts ?

There are times when you will get numerous fills to see the whole 10, just depends on the play, time of day etc.
 
If you are setting a limit buy below the current price, and the bid only drops down to your price, then there is a chance not all your contracts will be filled, or even not any. If the price goes on down through before coming back up, then you will be filled, but not necessarily in 1 go.

If you are buying on the ask, then you will fill all your contracts (again not necessarily all in 1 go) if there is enough size to accomodate you when it comes to your turn in the queue. If the person 2 seconds in front of you placing their order sweeps up all the remaining and the price never returns, then you may not get filled at all or only some off people trading the bid.

Same applies to selling.

There is plenty of size available on NQ, so mostly there should not be a problem trading 10.

Natalie
 
Didn't realize you were placing Limit orders....

I retract my early statement. Since Limiting in to an order
and availability of liquidity should be looked at as two separate
functions.

Simply stated so as not to confuse the issue and not start some idiot off on another tangent or entirely separate debate...


MARKET INTO YOUR POSITION , if you are truely considering
10 contracts.

I suspect that you are not ready for 10 however,
if you are still using limit orders to get filled on your positions.

NOT a Crack at your trading.

Just a relatively clear fact from those that trade the e-minis for a living. If you want in, you get in, no buts.
You can sure as hell bet your ass, the traders trading a 10-pack have more than enough conviction that their trade will go their way for more than 2pts. on average.

You sound sincere, and sounds like you have enough capital to be dangerous. Bump your size up to 3-5, use markets, and monitor slippage.


My experience is you'll be fine.


best-

momo



Quote from tradersaavy:

Thanks for the replies everyone.

Watson.... I especially thank you for your reply about ES on this NQ thread.

I figured someone would question the mere ability to trade if such a question about being able to get filled with 10 contracts on NQ was asked. So, thank you for making it so blatantly obvious that any idiot should know that 10 contracts will be filled, you've answered the question.

I currently trade 2 contracts. I saw a great set up a few months ago and placed an order for 3 NQ contracts. I only got 2 contracts filled before the price was 1.5 away from my entry. It was a simple hammer pullback, no news and between the hours of 10a and 11a. So, from this, I have wondered about FILLS. Of course there are several contracts going off as anyone can see on the time and sales, however, being fairly new to this, I still have wondered since that day of not getting the 3 contracts.

A trading technique, system, method, whatever you want to call it , is either profitable or not. Once profitable, increasing size within a trading method from 1 contract to 2 to ???? is simply a logical next step, is it not ?
More...
 
Ahh limit orders. Problem is you will get filled with your full 10 contracts......when the market is going against you.

e.g. if you are going long you will only get filled on heavy selling, and who wants to be long then?

Place market orders.
 
Quote from wwatson1:

Ahh limit orders. Problem is you will get filled with your full 10 contracts......when the market is going against you.

e.g. if you are going long you will only get filled on heavy selling, and who wants to be long then?

Place market orders.
More...


Yes - agreed, and the stops also incur more slippage than with one or 2...

Natalie
 
Quote from tradersaavy:


Qtn: Is NQ liquid enough to scalp 10 contracts ?

Statement: I've been trading with 2 contracts ( just recently became profitable) and am comfortable enough with my technique now that I would like to trade more contracts. 6 would be fine but I'd like to get to 10 contracts quickly if possible.
More...

Answer: Yes

Comment on statement: Don't allow your rush to 10-20 contracts to violate sensible money management principles, or you will quickly be back trading 1 lots... always bear in mind the story of the tortoise and the hare... click the tortoise (top left hand picture):
http://www.penguinputnam.com/static/packages/us/yreaders/aesop/index.html
 
Thanks candletrader.
I do believe I will go to 4 contracts and then perhaps edge upwards after seeing the fills with limit vs. market and gaining another comfort level.
 
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