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RM and RT's,
Depends on the market. MidAm T-Bonds are alright. Grains and
D-Mark are alright. Anything else and RM's observance is correct.
Back when I used to day-trade, if I wanted to hold a position overnight
or I wanted to hold longer in the day with less risk, I would watch the
major market, and enter and exit ATM on the Mid-Am. You can do
this in Bonds and the D-Mark, but DO NOT do it in the grains in the
summer months.
Regards,
Walt Downs
CIS Trading
-----Original Message-----
From: Renate Muldowney <mailbox@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, July 15, 1998 11:35 AM
Subject: RE: Trading Smaller
>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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