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Old Aug 6th, 2007, 11:17 PM   #43
buzzy2
 
 
Join Date: Oct 2001
Posts: 1,513
Quote:
Quote from increasenow:
Many have "said newbies should start with the YM"...
Newbies should not start with futures. Period. I suggest SPY QQQQ IWM DIA and no leverage. Gains and losses will be microscopic, but the point at the beginning is to learn how not to lose your butt.

Most methods for ETFs will work for futures and viceversa.
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Old Aug 7th, 2007, 05:57 AM   #44
erToo
 
 
Join Date: Jun 2006
Posts: 63
Last I heard CBOT has native stops (market), but not native stop limit orders. So if your market stop is hit and the market is moving you may get 3-6 tick slippage. Perhaps someone who has definitive information on this could clarify the issue.


Quote:
Quote from buzzy2:

e-CBOT has native stops since last year or so. Works great.

ER2 has best bang for the buck for margin, but it's so jumpy, you have to allow wider stops so its risk/reward ratio is not much better (if at all) than ES or YM.
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Old Aug 7th, 2007, 09:44 AM   #45
buzzy2
 
 
Join Date: Oct 2001
Posts: 1,513
Quote:
Quote from erToo:

Last I heard CBOT has native stops (market), but not native stop limit orders. So if your market stop is hit and the market is moving you may get 3-6 tick slippage. Perhaps someone who has definitive information on this could clarify the issue.
From the horse's mouth:

http://<br /> http://www.cbot.com/c...+48850,00.html

This bulletin is a reminder that current e-cbot functionality includes Host-based Stop orders and Request for Quote (RFQ). Please review the sections below which describe the functionality in detail.

Host-based Stop Orders

Stop Market and Stop Limit order types are available on the Trading Host. Buy Stop orders will be triggered by a trade at or above the Stop Trigger Price and Sell Stop orders will be triggered by a trade at or below the Stop Trigger Price. Higher bids/lower offers, as well as strategy leg prices, will not activate Stop Orders.
For a Stop Market order, once the Stop price is triggered, the order is entered into the Trading Host as a Market order. This order acts as a regular Market order and will match against any resting bids or offers in the market up to the dynamic price limit range. If there is any remaining quantity on the market order after it reaches the dynamic limit, it will be automatically cancelled by the Trading Host.
Stop Limit orders are configured to have the same trigger and limit prices. Once the Stop price is triggered, the order is entered into the Trading Host as a Limit order at the trigger price.
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Old Aug 14th, 2007, 11:17 PM   #46
Spectra
 
 
Join Date: Jan 2007
Location: Reading, PA
Posts: 2,220
Quote:
Quote from saxon22:

It all boils down to one ability to trade. If you can do it then it really does not matter. If you cannot, the market, any market will bleed you to death.
Agreed

CajunSniper / Puretick.com Administrator-Trader
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Old Feb 2nd, 2008, 10:48 PM   #47
Boomer
 
 
Join Date: Nov 2002
Location: Texas
Posts: 392
any other input on this issue...i am currently trying to watch these markets and find which one fits for me...
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Old Feb 2nd, 2008, 11:27 PM   #48
startraitor
 
 
Join Date: Jan 2008
Posts: 3,482
Find the lowest common denominator of the largest participants. It is the es..
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