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How many contracts can you trade before affecting market in CL and GC markets?


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How many contracts can you trade before affecting market in CL and GC markets?

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  #51 (permalink)
 
dannyinhouston's Avatar
 dannyinhouston 
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rleplae View Post
If you start increasing the number of contracts, people will come after the liquidity of your stops with 15 ticks.

I would assume this might not be an issue if you are scalping only during large order flows, during big moves?

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  #52 (permalink)
 
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dannyinhouston View Post
I would assume this might not be an issue if you are scalping only during large order flows, during big moves?

you need some liquidity
if liquidity is thin, then it's easier to chase stops

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  #53 (permalink)
 Itchymoku 
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dannyinhouston View Post
A millionaire just ain't what it used to be ha ha. Most middle class folk near retirement have a net worth of a million.

I don't disagree with you, I wish there were a word for someone who has tens of millions at their disposal yet not quite a billionaire.

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  #54 (permalink)
 
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 xplorer 
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Itchymoku View Post
I wish there were a word for someone who has tens of millions at their disposal yet not quite a billionaire.

Multimillionaire?

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  #55 (permalink)
 Itchymoku 
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xplorer View Post
Multimillionaire?

technically yes. I'm assuming the threshold to nudge the market and sustain a small move would probably require in the range of tens or hundreds of millions of dollars. When someone says they're a multimillionaire I assume their net cap is under 10 million, much less 500 million. It's just a connotation I owe to the word considering you hear it so much because people like to say it when initially reached because it's something to be proud about.

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  #56 (permalink)
 
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 SMCJB 
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Itchymoku View Post
I don't disagree with you, I wish there were a word for someone who has tens of millions at their disposal yet not quite a billionaire.

Decamillionaire
Multi-decamillionaire

Decamillionaire Definition | Investopedia


Itchymoku View Post
technically yes. I'm assuming the threshold to nudge the market and sustain a small move would probably require in the range of tens or hundreds of millions of dollars. When someone says they're a multimillionaire I assume their net cap is under 10 million, much less 500 million. It's just a connotation I owe to the word considering you hear it so much because people like to say it when initially reached because it's something to be proud about.

I agree

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  #57 (permalink)
armchairtaikun
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I read somewhere a tick size amounts to $100m trade ... not sure if this is a leveraged amount...or a straight $100m order

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  #58 (permalink)
CrimsonMacaw
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So that means that your average, or even wealthy, retail trader has almost no effect on most tick movements.

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  #59 (permalink)
HinduMVP
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So is the general consensus around 10-20 contracts for scalping on CL?

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  #60 (permalink)
 bulge 
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HinduMVP View Post
So is the general consensus around 10-20 contracts for scalping on CL?

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I think it all depends on the time of day.

Most days from 9AM EST to noon I think you're right. As the day wears on (unless there's an API or EIA report) I think the quantity you can buy/sell (without having a partial fill) is less.

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