How Liquid Are YM & NQ?

[Pazienza]

How good is liquidity on YM & NQ? Would you expect to have no problems for example trading 15 or 20 YM or 8 or 10 NQ?

Thanks.

 

[Jack o'Clubs]

Right now, hardly the busiest time of day for US futures, there are 20 NQ on either side and about 10 YM as I look at my screen. By the afternoon those numbers will increase significantly. You'll have no problem trading in the sizes you are talking about.

 

[Jack o'Clubs]

...and rather than trade the minis, you might as well trade the big contracts unless you specifically want to scale in and out in smaller size. ZD (the 'big' Dow = 2x mini) also has 10 on each side.

 

[pboyles]

ES, Eurostoxx and Bund will probably have 5 to 10 times the volume. Unless you need to trade the YM why bother, with the above 3 contracts the volume is usually over a million a day.

 

[Jack o'Clubs]

Yup, ES has more than 100 on either side on my screen now.

 

[Pazienza]

Thanks for the replies chaps.

Pboyles, I just really like YM, it seems so easy to trade.

 

[rawrschach]

I just really like YM, it seems so easy to trade.

I'll just put this here for now, we'll come back and see about that in a few months ^^

 

[Pazienza]

I'll just put this here for now, we'll come back and see about that in a few months ^^

LOL Maybe that could have been expressed a little better . I've been doing it for quite a while actually.

What I mean is that the action is relatively smooth and it trends nicely (at least to me it does; I have expressed this opinion to people who have said exactly the opposite when trading the same day).

Obviously I would like to trade mini S&P but it really does not suit my style as well as mini Dow or Nasdaq (or mini Russell even), so I might only take one or two S&P trades per month when something truly irresistible comes along.

 

[charliechan]

YM & NQ will take that clip size most times of RTH easy. If it doesn't get a platform with iceberg order types - the algo's will ensure you get filled.

Very few (ie zero) retail or pro discretionary traders will ever have liquidity issues when day trading.