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Anyone heard or trading with Nadex (North American Derivatives exchange) ?


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Anyone heard or trading with Nadex (North American Derivatives exchange) ?

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  #101 (permalink)
Memphis,TN
 
 
Posts: 232 since Sep 2010

Good afternoon,

I have been watching the bid x ask on various Markets today on my NADEX pro demo platform, and a question came to mind, on what the " meaning " is of the following bid x ask .....

The US500 ( ES ) 2050 - 2090 shows a Bid of 1 and an Ask of 0 ,
so does this mean that if I was to sell short just 1 contract, that I would probably get filled on that order, since there is a 1 on the Bid side
BUT...
if I was to go long and try and buy at the ask, then my order would not get filled, and would be sitting as a working order, until at least a 1 comes in on the ask side ?

And lastly,
the US500 ( ES ) 2090 - 2130 , shows a bid of 50 and an ask of 50 ?

What exactly do these 50 numbers mean ( I see them a lot on the BullCalls )
Does the 50 mean, that there are 50 on the bid and 50 on the ask ?


Thanks for anyones help and input,
really appreciate it

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  #102 (permalink)
Huntsville, AL
 
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I have a hard time getting a fill if the bid or ask volume is less than 20. I think Nadex has a couple of market makers and they are getting better at "repopulating" but there is still a gap sometimes. I know a guy who won't trade above 20 contracts at a time because he doesn't like partial fills. A lack of volume is one of the major issues with Nadex.

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  #103 (permalink)
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For the previous question on risk, I usually set limit orders and let the market fill me. I don't just jump in at whatever the bid/ask is. And for getting out, I usually bail if I get towards the floor or ceiling and there is still a lot of time left. Not worth the risk for a few bucks. I also set "virtual" stop orders at the strike price. Nadex doesn't do stops but there are ways around it.

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  #104 (permalink)
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nerdtron View Post
I have a hard time getting a fill if the bid or ask volume is less than 20. I think Nadex has a couple of market makers and they are getting better at "repopulating" but there is still a gap sometimes. I know a guy who won't trade above 20 contracts at a time because he doesn't like partial fills. A lack of volume is one of the major issues with Nadex.

This has been my biggest issue. It is hard to take Nadex seriously when I cannot get filled on 1-5 lot orders...

I see some interesting ways to hedge against futures or to take volatility plays, but can't get filled or get it to work.

This is my second attempt with Nadex and my last.

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  #105 (permalink)
miami/usa
 
 
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Been trading Nadex off an on for the past Two years and in the past week been a little more active with it.


Please note trading Nadex is basically gambling hardcore. Don't do what I did and subcribe to signal services or used indicators... All failed.


For me all I do is trade news event with it and buying binaries for like 10-17 bucks. But I must say its been really tough as of late to buy contracts or sell once you made a profit almost making you have to wait tell it close.




I would advice not to trade Nadex and trade options. If you do Trade nadex please demo demo demo demo demo demo. And demo. If you don't see your account increasing don't waste any money.

Options>Stocks>Chopping off your leg > Robbing a Bank > Nadex

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  #106 (permalink)
Memphis,TN
 
 
Posts: 232 since Sep 2010

Can someone please shed some light , if there is a way to trade the BullCall spreads on NADEX..... and hold these positions overnight and for days and even weeks at a time ?

Thanks - Michael

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  #107 (permalink)
Chesapeake Virginia
 
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NADEX and swing trading through the BullCall spreads .....

--------------------------------------------------------------------------------

Can someone please shed some light , if there is a way to trade the BullCall spreads on NADEX..... and hold these positions overnight and for days and even weeks at a time ?

Thanks - Michael


Michael~

To my knowledge there is not.. There are weekly binaries. Daiy spreads are fine for scalping, best not to hold on to a losing position. You can always hedge with another brokage account for long term trades.

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  #108 (permalink)
Memphis,TN
 
 
Posts: 232 since Sep 2010

Hi mrfxtrade ,

Would you mind giving a example please, on ho this would work ...... " hedging with another brokerage account for long term trades " ?

And can this type of Holding overnight and long term trading been done on the BullCall spreads through NADEX ?

Thanks much - Michael

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  #109 (permalink)
Memphis,TN
 
 
Posts: 232 since Sep 2010

ask ?

I am just curious as to what the 50's represent exactly ?

I imagine this is NADEX's way of showing the " MAX " amount of open interest for that particular BullCall spread ?

I have Demoed trading the BullCall spreads on NADEX twice now, and always tried to enter the BullCall's At The Market, as I wanted an immediate fill ,
and noticed that it seemed to max out at 50 on either the bid and or the ask.

My strategy wih trading the spreads, was to find the 8 Hr or the Daily spread ( which ever had a floor ( for Long ) or ceiling ( for going short ) , as close to the price of what that particular Future was trading at , at the time I was looking to Enter the market ...... always having is little risk as possible ( hence buying as close to where the Market was trading at, at the time I looked to enter it )

But sometimes I wouldn't get immediate fills, and wondered if this was do to there NOT being a " 50 ) on the side I was trying to enter on .... the Ask for going Long and the Bid if I was looking to go short


Thanks for anyone who can shed some light on my question at hand,
I appreciate it

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  #110 (permalink)
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Just started in "Demo" mode about a week ago. The spreads can still be wide, (it's Oct 2018) and sometimes the MMs disappear altogether on certain contracts. I got stuck in losing positions to expiration a couple of times for this reason.

The minimum acct size now is $250.00 and $1.00 per contract in, and $1.00 out.

I'm down a little (you start Demo at 25K) but am being a bit careless as I learn my way around and try different things.

Anyway, still kind of neutral about NADEX, but there are possibilities I haven't explored yet.

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  #111 (permalink)
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Hi guys,

It is my pleasure to welcome Dan Cook @ Nadex for our 352nd webinar event, on Tuesday, June 14th @ 4:30 PM Eastern US.

The title for the event is "Trading For Life", and bullet points include:

- Dan Cook, 20+ year market veteran, has worked with 1000’s of individual traders over the years
- Learn unique insight into important patterns
- Why your trading plan (if you have one) is likely wrong
- Two key ratios you have to know and track
- Not just trading for a living, but trading for life

Register for the event:
https://on.futures.io/t6bnl



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  #112 (permalink)
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The futures io team sent a small gift to @Nadex to congratulate them on their 10-year anniversary:



We both share June 2009 as our start date! We hope the @Nadex team enjoyed the cakes and cupcakes! (not all shown here)

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  #113 (permalink)
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Thank you very much Mike!! The team here @Nadex loved the cakes and cupcakes! Congratulations on your 10 year too!

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  #114 (permalink)
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I am starting this thread to discuss Nadex. I have been using a demo for a couple of weeks to get used to the platform. Recently opened a live account. Want to discuss the good and bad about the platform.

My first impression:

There is a bit of learning curve. Understanding how the buy/sells work was confusing at first. They have some tutorials which were well done. For me, transitioning from a scalper to half day or all day holder has been a bit of challenge. However, it has been rewarding. The platform overall is good. Ironically, the mobile platform on the iPad (IMO) is better the web based platform on the computer. There are some subtle differences which does not make sense to me. I am hoping that @Nadex will be able to address these questions.

I have tried all three of the different types of trading vehicles:
  • Binary
  • Call Spreads
  • Touch Brackets

Currently trading the all day Binaries. Purely from a money standpoint it makes the most sense because the most you can lose on any trade is 100 dollars. I generally trade at the money binaries which make it near a 50/50 split. Meaning the most I can lose is around 50 dollars (+/- 10 dollars).

From a learning perspective, I believe the natural transition would be trade Binaries then Call Spreads then Touch Brackets. If you can find the right price, you can trade the Call Spreads with about a 50 dollar potential loss. However you generally have to be out of the money in order to get this which means you have to have a good feel for which way the market is going. The touch Brackets carry the most risk, (IMO) but have the biggest payoff. I had a couple of days on the demo account where I made 400 dollars on a single trade with less than 100 dollar risk.

The advantage is that I place a trade in the morning and watch it at work through my phone or tablet. I dont have to be a chart watcher.

My biggest complaint about the platform is trying figure out how much money you make/lose on a trade. Maybe I am just missing the obvious here. It would be nice if they just posted in the email they send you saying Profit/Loss: $$$. I will do a walk through to see if I can figure it out.

If anyone else has experience with Nadex, please feel free to join the conversation.

Robert

Website link: https://www.nadex.com/

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  #115 (permalink)
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Silver Dragon View Post
I am starting this thread to discuss Nadex.

Hi Robert, I have merged your thread into the existing Nadex one.

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  #116 (permalink)
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Hi guys,

It is my pleasure to welcome back Dan Cook @ Nadex for our 360th webinar event, on Tuesday, September 17th @ 4:30 PM Eastern US.

The title for the event is "Trading Nadex Touch Bracket Contracts Sized Like Micro Futures", and bullet points include:

- Interested in trading index futures or underlying currencies markets?
- Nadex Touch Bracket™ contracts may offer several benefits as the newest weapon in your trading arsenal
- Sized with a tick value equal to a micro futures, or mini forex contracts
- Each bracket has a built-in floor and ceiling with no risk of slippage, no matter how crazy the markets get



Register for the event:
https://on.futures.io/gfrqr

Mike

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  #117 (permalink)
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