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.
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....
'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.
Instead of trading multiple lots of mini-beans, trade a one-lot of CBOT Corn instead. You'll have better liquidity, better market access, longer market access and lower fees.
The mini contracts have VERY wide bid/ask spreads. The full-sized have very narrow bid/asks spreads and more depth. Narrower spreads + more depth = "better liquidity"