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> In futures all the major contracts like Bonds, S+P, ND (on most
> days), ES, NQ, S, C, W, LH, LC, FC, SB, KC, etc. They're ALL
> liquid enough for the average and even above average-sized trader I
> would say.
Bonds, certainly. S&P, maybe. (Not always, and certainly not always
if you're trying to move more than 2-3 cars. The S&P has a lot of
volume but I think a lot of that is in really large transactions.
It's sometimes hard for the little guy to get decent fills.)
ND, no way. Have you ever tried trading the big ND? There are often
periods during the day when no trades happen for minutes at a time.
(Example: today, 1 trade at 1:31 ET, 2 at 1:32, 0 at 1:33, 3 at
1:34, 0 at 1:35-1:37.) Sometimes it's hard to get in & out of ONE
contract without getting raped. The 5-10pt spread doesn't help any.
The NQ has roughly equivalent dollar volume to the ND (e.g. about 88k
NQ's vs 17k ND's on 1/24) but the NQ seems to trade more liquidly
even when you trade 5x as many NQ's to get equivalent dollar value.
The fills are certainly better without the pit "helping."
Gary
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