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When trading mini contracts you can expect worse fills and that they will
run the stops even more
because of the low liquidity.
RM
At 11:52 PM 7/14/98 -0700, P Gumprecht wrote:
>I tried to send this before (7/11), but it never posted:
>
>At 11:18 PM 7/11/98 EDT, JRizTRDR@xxxxxxx wrote:
>>Does anyone have any comments on trading the Mid Am for smaller acounts..
>are
>>the fills and liquidity as good as their bigger markets ?
>>
>No. They are illiquid in many cases. I think the locals provide a lot of
>the liquidity, so you can get alright fills in some markets. Get your
>broker to check the market you're looking at. Still, they will never be as
>liquid as the big ones (although if you trade some of the "difficult" New
>York markets, your fill time might be better!) If that's your risk
>tolerance, though, that's how it is. I don't know about trying anything too
>short term, though. Once you've tried a couple trades you'll see what works
>and what doesn't. Something else to think about is the ratio of profit to
>commission.
>
>Good luck.
>
>7/14
>
>Another thought that offsets the profit vs. commission is the fact that if
>you're trading well in the minis, the principles should apply when you go
>for the big ones. So even if your profit doesn't exceed your costs by much,
>at least you're learning how to trade. I've been strongly considering
>reworking everything in my trading, using minis as a learning aid. That
>way, the trades mean less and I don't flip out... thereby trading better.
>
>PG
>
>
>
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