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The Beast Slayer, Lance's NQ Trading Journal


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The Beast Slayer, Lance's NQ Trading Journal

  #301 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
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How are your fills with 5 contracts?

So far so good. I credit a lot of that with my broker, Optimus. I traded 10 contracts in Cl with them a few years ago for a very short period of time and got great fills.. even with that much. Then I did some dumb things..lost quite a bit of money..and decided to start over at 1 contract untill I really felt I knew what I was doing. Hopefully things will go better this time as I work my way back up.

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  #302 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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lancelottrader View Post
So far so good. I credit a lot of that with my broker, Optimus. I traded 10 contracts in Cl with them a few years ago for a very short period of time and got great fills.. even with that much. Then I did some dumb things..lost quite a bit of money..and decided to start over at 1 contract untill I really felt I knew what I was doing. Hopefully things will go better this time as I work my way back up.

When trading futures, your fills are on a centralized marketplace and should not vary from one broker to another. The only thing that changes on the broker side would be the risk assessment prior to allowing the order to be submitted to the exchange, and it is usually measured in nanoseconds.

You can credit the broker for service, you can even credit them for data if they have their own FCM gateway server, but you shouldn't credit them for fills. This isn't Forex!

Mike

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  #303 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386



Big Mike View Post
When trading futures, your fills are on a centralized marketplace and should not vary from one broker to another. The only thing that changes on the broker side would be the risk assessment prior to allowing the order to be submitted to the exchange, and it is usually measured in nanoseconds.

You can credit the broker for service, you can even credit them for data if they have their own FCM gateway server, but you shouldn't credit them for fills. This isn't Forex!

Mike

I wasn't aware of that. I did have some horrible experiences with a couple of Forex brokers..regarding fills, now that you mention it.

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  #304 (permalink)
 
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 mattz   is a Vendor
 
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Amongst the many things that differentiate one broker from another, the choice of software offered by a broker for use by its account holders cannot be underestimated. Yes the time taken to perform a pre-trade risk assessment is generally insignificant, but it is the total time taken by the software from receipt of an order to its release to the exchange that is often the difference between profit and loss.

Traders who maintain accounts with brokers who are sensitive to the differences in software and offer the use of the faster platforms may find that they do, in fact, get better fills.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #305 (permalink)
 lancelottrader 
west palm beach florida usa
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Here is today's short recap video.


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  #306 (permalink)
 
Tap In's Avatar
 Tap In 
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Experience: Intermediate
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Congratulations!

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  #307 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
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Broker: Optimus Futures/ Rithmic
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Recap video for Monday's trades. Looking to try and hit my minimum of 60 ticks for the week again..or higher.


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  #308 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
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I didn't really want to post this...I made a lot of mistakes, but I've committed to do these videos for the rest of the week.


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  #309 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
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Posts: 1,112 since Oct 2011
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A little bit of redemption today.


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  #310 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386


This is the final recap for my two week experiment in transparency. It was a little bit stressful..knowing I was going to "put myself out there" and show these videos of my recorded sessions. But I wanted to stick to my commitment to post them..regardless if I failed or succeeded.


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