My brain is obviously hard wired to see swear words, I totally misread your first sentence lol


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it can take as many CNTS u have the guts to throw at it. wont tell u day or time. But here goes before CL move started

I've seen CL with more volume than ES lately, but it's normally always just behind. My mentor day trades 5-10 regularly, but throws in a 20 lot for swing trades. Deeper pockets than I've got. I think your trading style would also be a big factor. Sounds like your not a scalper, so you should be ok. Like paps said though, CL is a gutsy instrument and can leaving you speechless in the blink of an eye. Good luck and trade the edges!

I think this has been pretty well answered.

I just wanted to mention that the term you're looking for (in case you wanted a deeper dive) is called "market impact risk". Wikipedia has a brief article; it's not super informative and not practically useful but may give perspective. https://en.wikipedia.org/wiki/Market_impact

I don't daytrade and I do not put on 10 CL k's at a time (I do algorithmic entries and discretionary exits, if that makes sense), but I agree that the market risk is going to be *roughly* the same with each additional k as long as you're under 10 k's..all other things being equal. Once you get above 10 k's, impact risk starts increasing with each additional contract added to your order. Then, once you hit 20 k's, market-impact risk really starts increasing with each additional k. This assumes there is no scaling-in/out.

Now, this is not to say that it should not be done, but this is definitely to say that a trader cannot freely enter/exit whole 20-contract positions in the same way he/she would a 10-contract position..that's all. It can be done, but the trading style has to change to accommodate.

...btw, I'm basing this on my own studies (data analysis) of order flow, so I'm sure plenty of reasonable folks could differ with me and I make no warranties about what I'm saying. But I think you can get a fairly good idea of the answers you're looking for just by watching the reconstructed tape and watching how the prices moves in accordance with the larger'ish consummated deals...at a given time of day. just my two cents.

In fact, I would say that understanding this behavior (and what should/should not happen) is a critical component of order flow trading. But mmmeh, at some point I would like to make the switch back to pure'er'ish discretionary trading and so it's on my mind atm.