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Soybeans Murder!
- Thread starter TradingBillions
- Start date
yes i am..
Quote from FullyArticulate:
Are they displaying average cost as opposed to average price?
I don't know what their commissions are, but a limit buy at 7.85 that gets filled at 7.87 would be reasonable if you're paying a $100 commission.
In any case, if you're getting a fill above your limit, something is seriously wrong.
well, i'm just doing a regular market order. that's all.. i jus can't believe the best fill price they get me is a few dollars higher from what i really wanna buy anda few dollars lower from what i wanna sell. you know?
Quote from TradingBillions:
well, i'm just doing a regular market order. that's all.. i jus can't believe the best fill price they get me is a few dollars higher from what i really wanna buy anda few dollars lower from what i wanna sell. you know?
A few pennies here and there add up...
Look at the Bid-Ask...in the May, right now, it's a quarter of a penny...you should be filled right there...there is no way there should be 2 cents slippage, unless you are buying at market into fast conditions.
Quote from Drew Klein:
Are you using the ECBOT or are your orders going to the floor?
Limit orders in the front months (and I assume you were buying SK7) on the ECBOT are pretty good, very little slippage in my experience...
In the further back months it can be a bit spottier. SPreads are wider, but not by too much...
how is there ever slippage on limit orders? isint that the whole point? i could see if you were doing a lot of lots with a all-or-none order you might experience some slippage if it has to fill from multiple sources.
Sorry, I was talking about Buy/Sell stops, not limits...limits have no slippage...
I was just thinking about some Buy/Sell stops that I had placed in the Globex currencies when I was thinking about the slippage (1 or 2 tix) that ensued...
There is no slippage in a market order....
I was just thinking about some Buy/Sell stops that I had placed in the Globex currencies when I was thinking about the slippage (1 or 2 tix) that ensued...
There is no slippage in a market order....
Quote from nazzdack:
??.......................are you trading the Mid-Am / Mini / 1000-bushel contract??
'yes I am...'
'well, i'm just doing a regular market order. that's all..'
Answer is your placing market orders in the illiquid mini contract , your pretty much sure to get raped on your entries and exits doing that. What you are doing is just plain dumb.
What do you mean by "better liquidity"?