Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Size of the move is part of the equation. The bigger factor is your size--how big your position is.
I prefer ES because I actually have a chance to get out when I need to--not because I'm trading bigger size, but because it is thick enough. Only the 3K-5K marketable orders which occasionally rip through can actually get you offsides in a hurry. I'm not a big fan of trading products which have single digit displayed liquidity per price.
ES is a lot thinner than it used to be, but there's still a couple hundred displayed, versus 5-20 for NQ. RTY frequently has a 3-4 tick spread these days.. can be a little unnerving.
Said another way, those "bigger moves" can go both ways, and ES gives me a fighting chance of getting out of those "bigger moves" when it turns against me.
Yeah but the trade-off for those bigger moves in the spazdaq is having to deal with a lot of tricky, fast-paced rotations before the big move, and the market can turn on you so fast, lmao. The ES seems to give you a little more time to pull the trigger (maybe not as much room)- with the NQ, I feel like I have to place limit orders or I'll miss the trade. Forget about confirmation through orderflow! (Idk how others can read orderflow in the NQ, anyway..)
The cool thing about it is even on slower days, price often does breakout of these noisy mini-structures in the smaller time-frames. This sort of thing happens quite frequently; there are plenty of momentum trades for scalpers.
