|
PureBytes Links
Trading Reference Links
|
> 1. you may wish to try big nas futures instead of mini, as there
> are occassional huge stop runs in the minis that distort things.
It's absolutely true that the minis hit "air pockets" of low
liquidity and a big order can spike the market dramatically. For
that reason I usually don't use resting stops in the minis. I also
usually run my systems on the big contracts, so they don't get fooled
into a false entry/exit.
However, I would never go back to big SP/ND. The fills are vastly
better in the minis, spreads and slippage are much less, you don't
get robbed or "out-traded" by the boys in the pit, your small order
has equal priority with any large order, and you have much better
visibility of where the market is NOW.
I believe the minis will only get more liquid, and the big contracts
less so, as time goes on. The minis are already a better market than
the big contracts for anything less than about 30-50 ES's, or more.
I haven't traded that size in the pits, but I think they still work
big size in the SP pit pretty well. The ND pit was always a ripoff
when I traded there and it may well be worse than the NQ's for ANY
size.
Gary
|