strategies and tactics on trading larger sizes or blocks

Ironplates

Ironplates

i am interested in learning more about trading larger size contracts 10 up to 50 contracts of NQ, CL, GC for example. are there any resources to learn about trading larger size and tactics to do so? my method will enter with breakouts and setting buy stops or sell stops prior to entry so it will look like im getting stopped out when i enter. im not large enough to push price around enough to confirm where the buyers or sellers truly are.

curious to know if any experienced traders could share some insights with me here or privately.
 
Manual trading or Automated?
Since you are entering on stops, no need to use iceberg orders but on the exits, if you are using limits, utilize the iceberg order type.
 
Ironplates said:
that was easy. thanks, you really simplified it all.
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Never, EVER take trading advice from someone trading a demo account.

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You would need millions in your trading account to mess with 50 contracts.

As far as "iceberg" orders? This ain't the NYSE. That shit does not apply to futures. Trust me.
 
Overnight said:
Never, EVER take trading advice from someone trading a demo account.

View attachment 292396

View attachment 292394

You would need millions in your trading account to mess with 50 contracts.

As far as "iceberg" orders? This ain't the NYSE. That shit does not apply to futures. Trust me.
More...
You are correct about the demo, which I mentioned in the video and the purpose of using 50 lot was to show how icebergs work in futures.
Icebergs do apply to futures and I have used it quite a bit over the years with large accounts in several markets.
 
Overnight said:
Never, EVER take trading advice from someone trading a demo account.

View attachment 292396

View attachment 292394

You would need millions in your trading account to mess with 50 contracts.

As far as "iceberg" orders? This ain't the NYSE. That shit does not apply to futures. Trust me.
More...
%%
Good points/ but actually he disclosed that in video ''dont have enough margin to do that'':caution:
Stock funds scale in on cash accounts, tends to average better price;
since cant predict price. Thanks
 
the tactic i was going to consider was entry with full size (10 contracts up to 50) and exit with discretion. i am assuming that 10 contracts of NQ is not large enough to matter on entry or exit? i've seen 200 contract blocks go through time and sales. are those sizes typically entries or exits, or both?
 
CannonTrading_Ilan said:
You are correct about the demo, which I mentioned in the video and the purpose of using 50 lot was to show how icebergs work in futures.
Icebergs do apply to futures and I have used it quite a bit over the years with large accounts in several markets.
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I reviewed the video again and I still do not understand how an iceberg can work in the futures. It's all one book. You claim that "others see it is 4 orders for 10 lots, rather than a 40 lot order." First of all, other traders cannot see individual orders. All they see if the current bid/ask order count. If I see 40 on the tree, how can I tell that it is 4 10-lot orders from one person or single 10-lot orders from 4 others?

I thought the point of icebergs was to hide the true scale of an order in a stock trade. So instead of 40,000 shares showing in the book, it would show just 10,000. Once the 10,000 is filled, the algo immediately drops another 10K order down on an exchange, so-on and so-on, until entire order is filled.

I must be missing something here.

Perhaps it would be easier to see if you demonstrated this on a forward contract with low volume. Choose an equity index, any of your choosing. How about the YM of December? That's a nice slow one, currently, but the ladder is gaining steam as we near the roll!
 
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