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
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.
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.