Typical bid/ask spreads on mini silver?

Discussion in 'Metal Futures' started by mrspock, Jun 13, 2008.

  1. mrspock

    mrspock

    New to futures. Just opened an account with TradeStation (but haven't funded it yet).

    I'm interested in trading mini silver contracts.

    What would you say would be a normal bid/ask spread for the minis?

    Can't test drive their platform until they get some cash...so I don't know how tight the spreads will be.

    Can someone help with this?

    Thanks.
     
  2. the mini contract YI has a wider spread and alot more slippage
    when hidden stop loss orders are hit from time to time

    one edge the small trader has with this contract is less leverage
    and the ability to force the BOTS to tighten the spread before
    placing your order

    :cool:
     
  3. mrspock

    mrspock

    Thanks for the reply.

    I am interested in trying a breakout strategy since the YI is fairly volatile.

    How much of an issue is Slippage when you use only stop limit orders?

    Also, I am concerned about Tradestation's required 10 trades/month minimum to avoid the $99 platform fee. Not sure I would be trading that much (especially in the beginning).