Day Trading the Russell Emini Futures Message Board

To: wilywilly who wrote (3857)	3/9/2009 8:26:16 AM
From: Ken Adams	of 4860

I think the much better liquidity is the reason I like the ES so much better than the TF. I was trading 5 contracts with the TF and very often I'd get fills at 3, even sometimes 4 different prices. The fills were always at market and very fast. I tried limit orders when the TF first came online, but price just moved away from me and I didn't get the fill. I was canceling orders to avoid being filled on the reverse move. I'm now trading 8 contracts on the ES. I have been able to use limit orders for entry with total success, due to the much larger volume, I'm sure. I still exit with market orders for the obvious reason. Even at that, I'm getting a single price. One thing I've discovered seems necessary is to widen my stops. I'm not happy about this but I've only been stopped once since giving 5 points of wiggle. I was down 5.5 points last Thursday with 8 contracts when I got out... expensive. But, tightening up the stops prior to now seemed to always whip me, even at 3 or 4 points. This ain't easy!