Then let me walk you slowly through your complete lack of understanding: You wrote (red are my comments) From my understanding it is more difficult to get filled on a limit order when you may be #498 in the que and price moves away from you. You do not get filled. Yes, you are correct about the first part of your comment but even someone who started reading anything about trading would know that. You state the obvious. That you do not get filled is not necessarily correct. But if you are deep down in the queue then everyone else above you gets filled first, unless they pull or modify their orders. Not that hard to understand right? Are you saying limit orders in the ES are more likely to be filled than those in the YM? This is where you completely go off the tangent. Who said anything about a comparison between ES and YM? I never even mentioned YM. Thats the same as me saying "a car is more efficiently designed and has a strong engine and hence drives faster than a horse." Then I pull a completely irrelevant comparison out of my hat stating "so...are you saying a buffalo is faster than a horse"? Makes both zero sense. In thinner markets (fewer contracts on the bid or offer) the price is more likely to bounce around and due to being maybe # 20 in the que you are more likely to be filled. There are no "thinner" or "thicker" markets (and Investopedia is certainly not the authority on finance). And no that is also not necessarily true, you may be at queue pos #1000 and get much earlier filled than being at queue pos #5 in a stock with very low to no turnover. It's a shame you are incapable of having a civilized discussion. Here is my civilized feedback to your nonsense comments. Are you happy now? Sorry I do not have much patience for BS. Consider this a treat.
Tangent? The YM is a good example of a thinner market as opposed to the ES which is thicker. You want to contribute instead of just being an asshole? Why don't you simply state what you believe to be the correct term for a contract with 1000+ limit orders at each level in the book as opposed to a contract with 10 to 20 contracts at each level.
if Voly faced himself with such questions, he would have changed his tune a long time ago. You need to lower your expectations when considering that basketcase.
Thank you for that bit of information. I am unfamiliar with this guy and your confirmation of the suspicions I have is very helpful.
You're being silly. Have you actually traded ES for a significant amount of time? I've had LMT orders rest of the bid for minutes and then price move away from me, trading SPY you might take the 1 cent loss by hitting it with MKT but that is guaranteed execution. Large min. ticks take money out of my pocket.
As I stated earlier in this thread I only trade the 6E. To answer your question; no I have not traded the ES at all. Never claimed I have. I used it as an example of a market with large size in the order book. I am having difficulty understanding what you are arguing. You say you have missed trades using limit orders and perfer trading the SPY with market orders? In what way does that have anything to do with what I posted? Doesn't it sort of confirm my arguement that it is often difficult to get filled with a limit orders in thick markets?